From CNBC: 2025-03-06 12:56:58

Marvell Technology CEO Matt Murphy saw shares plummet over 17% after the chipmaker’s guidance fell short of some expectations. Despite predicting $1.88 billion in sales for the first fiscal quarter, the outlook disappointed investors who were expecting around $2 billion in revenue. This raised concerns about Marvell’s partnership with Amazon Web Services and its custom ASIC business.

Barclays analyst Tom O’Malley noted that Marvell missed the high watermark set by the rest of the AMZN supply chain. While the company is optimistic about its future ASIC prospects, the lower AMZN numbers are a sticking point for investors. Marvell specializes in customized chips for data centers, networking, and infrastructure, benefiting from the AI boom.

In the fourth quarter, Marvell reported adjusted earnings per share of 60 cents and revenue of $1.82 billion, slightly exceeding estimates. Data centers revenue reached $1.37 billion, surpassing the $1.36 billion average estimate. Despite their solid performance, chipmakers face heightened financial expectations in the current market climate.



Read more at CNBC:: Marvell shares plunge after Q4 2025 earnings report