Marvell Technology (MRVL) Tops Q4 EPS by 2c, Offers Guidance

Marvell Technology (NASDAQ: MRVL) reported Q4 EPS of $0.50, $0.02 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.32 billion.

GUIDANCE:

Marvell Technology sees Q1 2023 EPS of $0.48-$0.54, versus the consensus of $0.50. Marvell Technology sees Q1 2023 revenue of $1.425 billion, versus the consensus of $1.38 billion.

• Net revenue is expected to be $1.425 billion +/- 3%.
• GAAP gross margin is expected to be 49.6% to 50.6%.
• Non-GAAP gross margin is expected to be 65% to 66%.
• GAAP operating expenses are expected to be $667 million to $677 million.
• Non-GAAP operating expenses are expected to be $430 million to $435 million.
• Basic weighted-average shares outstanding are expected to be 848 million.
• Diluted weighted-average shares outstanding are expected to be 863 million.
• GAAP diluted income per share is expected to be $0.01 +/- $0.04 per share.
• Non-GAAP diluted income per share is expected to be $0.51 +/- $0.03 per share.

For earnings history and earnings-related data on Marvell Technology (MRVL) click here.

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