Marvell Technology (NASDAQ: MRVL) Q3 2023 results
Key financial results
- Revenue: $1.54 billion (up 27% from Q3 2022).
- Net income: 13.3 million USD. dollars (had a loss of $62.5 million in the third quarter of 2022).
- Margin: 0.9% (up from net loss in Q3 2022).
- EPS: $0.016 dollars (had a loss of $0.075 in Q3 2022).
All figures shown in the chart above are for the last 12 months (TTM).
Marvell Technology’s revenue and earnings beat expectations
Revenue missed analysts’ estimates by 1.3%. Earnings per share (EPS) also missed analysts’ estimates by 81%.
Going forward, revenue is expected to grow at an average annual rate of 14% over the next 3 years, compared to 7.1% growth for the US semiconductor industry.
The company’s stock is up 4.0% from a week ago.
Investment risk is still a constant consideration. We identified 1 warning sign With Marvell technologyand understanding this should be part of your investment process.
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