Marvell Technology Sees Q2 EPS $0.29 +/- $0.05 Vs $0.30 Est.; Revenue $1.25B +/- 5%. Vs $1.24B Est.
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology has provided its financial outlook for the second quarter of fiscal 2025. The company expects net revenue of $1.25 billion +/- 5%, GAAP gross margin of approximately 46.2%, and non-GAAP gross margin of approximately 62.0%. GAAP operating expenses are projected to be around $688 million, while non-GAAP operating expenses are expected to be about $455 million. The company anticipates a GAAP diluted loss per share of $(0.20) +/- $0.05 and a non-GAAP diluted income per share of $0.29 +/- $0.05.
May 30, 2024 | 8:09 pm
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Marvell Technology has provided its Q2 FY2025 financial outlook, projecting revenue of $1.25 billion +/- 5% and non-GAAP EPS of $0.29 +/- $0.05, slightly below analyst estimates. The company also expects a GAAP diluted loss per share of $(0.20) +/- $0.05.
Marvell Technology's financial outlook for Q2 FY2025 shows revenue and non-GAAP EPS slightly below analyst estimates, which could lead to a neutral short-term impact on the stock price. The mixed results, with a GAAP loss and non-GAAP profit, may cause some investor uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100