LOGO
LOGO

Marvell Technology Group Ltd. Reports Fall In Q4 Profit

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Marvell Technology Group Ltd. (MRVL) reported earnings for fourth quarter that decreased from last year

The company's bottom line came in at $200.2 million, or $0.23 per share. This compares with $392.7 million, or $0.45 per share, last year.

Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $531.4 million or $0.60 per share for the period.

The company's revenue for the period rose 27.4% to $1.817 billion from $1.426 billion last year.

Marvell Technology Group Ltd. earnings at a glance (GAAP) :

-Earnings: $200.2 Mln. vs. $392.7 Mln. last year.
-EPS: $0.23 vs. $0.45 last year.
-Revenue: $1.817 Bln vs. $1.426 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.56-$0.66
Next quarter revenue guidance: about $1.875 bln

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update -April 05 – April 10, 2026

April 10, 2026 16:21 ET
Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.