Marvell Technology Surges 13% on Strong Q3 Results…
From Financial Modeling Prep: 2024-12-04 07:44:00
Marvell Technology (NASDAQ:MRVL) reported Q3 2025 earnings exceeding expectations, boosting stock by 13% pre-market. Adjusted EPS was $0.43, beating estimates of $0.41. Revenue climbed 7% YoY to $1.52 billion, surpassing projections of $1.45 billion. Q4 guidance of $1.8 billion revenue and $0.59 EPS impressed investors, driven by AI-focused products.
Marvell’s strong Q3 performance was highlighted by 19% sequential revenue growth, surpassing guidance. The company projects 26% YoY revenue growth in Q4, with momentum expected to continue into fiscal 2026. AI-related demand is a key driver of growth, with optimism for the future.
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