STOCK TITAN

Marvell Technology, Inc. - MRVL STOCK NEWS

Welcome to our dedicated page for Marvell Technology news (Ticker: MRVL), a resource for investors and traders seeking the latest updates and insights on Marvell Technology stock.

Marvell Technology, Inc. (NASDAQ: MRVL) stands as a global leader in the semiconductor industry, specializing in the design and manufacture of data infrastructure solutions. With roots dating back to 1995, Marvell has built a robust international presence, employing over 7,000 professionals across its numerous design centers located in places such as China, Europe, Hong Kong, India, Israel, Japan, Malaysia, Singapore, Taiwan, and the U.S. The company's U.S. subsidiary operates out of Santa Clara, California.

Marvell Technology excels as a fabless semiconductor company, shipping over one billion chips annually. These chips are pivotal to various sectors including data centers, automotive, enterprise, carrier infrastructure, and consumer markets. The company's extensive product portfolio encompasses processors, optical and copper transceivers, switches, and storage controllers. Marvell's core competencies in microprocessor architecture and digital signal processing empower it to drive high-volume storage solutions, mobile and wireless technologies, and networking products.

The company's recent achievements underscore its commitment to innovation and growth. Marvell reported fourth-quarter fiscal 2024 revenue of $1.427 billion, surpassing the mid-point of its guidance. AI-driven advancements significantly boosted data center revenue by 38% sequentially and 54% year-over-year. Additionally, Marvell's technology is essential for evolving AI infrastructure, positioning it well for future growth as AI continues to expand.

In fiscal 2025, Marvell anticipates continued growth in its data center revenue, bolstered by shipments of cloud-optimized silicon for AI. Despite some softness in consumer, carrier infrastructure, and enterprise networking demand, the company projects a recovery in the latter half of the fiscal year. Currently, Marvell is exploring strategic initiatives such as a $3 billion stock repurchase program, aimed at enhancing shareholder value.

Moreover, Marvell has recently introduced pioneering products like the Marvell Nova 2, the industry's first 1.6 Tbps PAM4 optical DSP, meeting the rising performance demands of AI and high-performance computing. This innovation in optical connectivity underscores Marvell's commitment to staying at the forefront of data infrastructure solutions.

News Highlights:

  • Marvell reported financial results for the fourth fiscal quarter and fiscal year ended February 3, 2024, noting significant revenue driven by AI applications.
  • The company’s Board of Directors authorized a $3 billion addition to its stock repurchase program, marking the largest repurchase authorization in its history.
  • Silicon Box announced a major investment in Northern Italy to build a state-of-the-art semiconductor assembly and test facility, further expanding Marvell's global footprint.
  • Marvell introduced the Nova 2 DSP to meet the escalating performance demands of AI and high-performance computing.

With a commitment to collaboration and transparency, Marvell continues to transform enterprise, cloud, automotive, and carrier architectures to better serve the dynamic market needs. Investors can stay updated on Marvell's financial and technological advancements through regular conference calls and webcasts hosted by the company.

Rhea-AI Summary

Marvell Technology has unveiled the industry's first 1.6 Tbps PAM4 DSP for active electrical cables (AECs). This new Alaska A 1.6T PAM4 DSP, built on Marvell's 5nm PAM4 technology, addresses the growing need for 200G/lane I/O to support AI accelerators and GPU bandwidth demands. It enables short-reach copper connectivity within accelerated compute racks. The AEC silicon market is projected to grow at 64% per year, reaching $1 billion by 2028, with DSPs powering nearly 40 million units annually. The device features eight 200 Gbps SerDes lanes, an advanced equalization engine, and supports multiple AI infrastructure applications, providing over three meters' reach at 200G/lane. Partners like Amphenol, Molex, and TE Connectivity are poised to sample these DSP-based AECs by August.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
-
Rhea-AI Summary

Marvell Technology, headquartered in Santa Clara, California, has announced a quarterly dividend of $0.06 per share of common stock. The dividend will be payable on July 31, 2024, to shareholders of record as of July 12, 2024. This announcement reflects Marvell's ongoing commitment to returning value to its shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.73%
Tags
dividends
-
Rhea-AI Summary

Marvell Technology reported its Q1 FY2025 financial results, showing a net revenue of $1.161 billion, a 12% year-on-year decline. The company's GAAP net loss was $215.6 million, or $(0.25) per diluted share, while non-GAAP net income reached $206.7 million, or $0.24 per diluted share. Gross margins stood at 45.5% GAAP and 62.4% non-GAAP. Cash flow from operations was $324.5 million. The company’s data center revenue grew 87% year-over-year, driven by custom AI programs. Marvell anticipates a sequential revenue increase of 8% for Q2 FY2025, projecting net revenue of $1.250 billion +/- 5%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.46%
Tags
Rhea-AI Summary

Marvell Technology has launched the Alaska P PCIe retimer product line, designed to enhance connections between AI accelerators, GPUs, CPUs, and other server components. These products are built on Marvell's 5nm PAM4 technology and feature the industry's lowest power consumption for PCIe Gen 6 retimers. This new line aims to address the growing needs for higher bandwidth and faster data rates in AI and ML applications, which have been driving the requirement for advanced connectivity solutions.

The Alaska P PCIe retimers come in 8- and 16-lane configurations and can compensate for significant signal loss, ensuring reliable communication over longer distances within servers. These retimers support various server architectures, including AI accelerator baseboards and riser cards, and can be integrated into both copper and optical connections. The launch of these products positions Marvell as a key player in the evolving market for compute fabrics, leveraging its extensive experience in PAM4 technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
none
-
Rhea-AI Summary

Marvell Technology, Inc. (NASDAQ: MRVL) will host a conference call to discuss its first-quarter fiscal year 2025 financial results on May 30, 2024, at 1:45 p.m. Pacific Time. Interested parties can join the call via webcast or phone. The call will be available for replay until June 6, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
-
Rhea-AI Summary

Marvell Technology, Inc. appoints Rick Wallace and Daniel Durn to its board of directors, effective April 25, 2024. Wallace is the President and CEO of KLA , while Durn is the CFO and Executive VP of Adobe Inc. Both bring extensive industry experience to help Marvell advance its strategy in optimized silicon for accelerated infrastructure in the AI era.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
management
Rhea-AI Summary
Marvell Technology, Inc. (NASDAQ: MRVL) has been recognized by General Motors with the 2023 Overdrive Award for its Automotive Ethernet Technology. The award highlights Marvell's resilience and outstanding support in critical situations. Marvell's leading Automotive Ethernet portfolio, including Brightlane technology, has been pivotal in transforming the industry with its innovative solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
none
-
Rhea-AI Summary
Marvell Technology, Inc. announces its strategy to optimize optical technology for AI and cloud data centers at OFC 2024. Key products include Nova 2, 3D Silicon Photonics Engine, Spica Gen2-T, COLORZ 800, and O-band Optics. Marvell collaborates with Juniper Networks and Coherent Corp. on ZR/ZR+ Transport Solution. Dr. Radha Nagarajan receives the David Richardson Medal for contributions to optical engineering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.24%
Tags
partnership
-
Rhea-AI Summary
Marvell Technology, Inc. introduces Nova 2, the first 1.6 Tbps PAM4 optical DSP, enhancing performance for AI and cloud infrastructure. The device offers 200 Gbps electrical and optical interfaces to meet increasing demands in accelerated infrastructure, generative AI, and high-performance computing. Marvell also makes the flagship Nova optical DSP, now generally available, showcasing at OFC 2024. The 1.6T Nova optical DSPs enable higher bandwidth for optical modules, doubling network traffic capacity and paving the way for enhanced infrastructure scalability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
Tags
none
Rhea-AI Summary
Marvell Technology, Inc. introduces Spica Gen2-T, the industry's first 5nm 800 Gbps transmit-only PAM4 optical DSP. It aims to reduce power consumption by over 40% for 800 Gbps optical modules, catering to the escalating demands of cloud and AI compute. Marvell's commitment to optimizing infrastructure and reducing costs is evident through their innovative DSP technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
Tags
AI

FAQ

What does Marvell Technology, Inc. specialize in?

Marvell Technology, Inc. specializes in the design and manufacture of semiconductor solutions for data infrastructure, including processors, transceivers, switches, and storage controllers.

Where is Marvell Technology headquartered?

Marvell Technology's U.S. operating subsidiary is based in Santa Clara, California.

How many employees does Marvell Technology have?

Marvell Technology employs over 7,000 professionals worldwide.

What recent financial achievements has Marvell Technology reported?

For the fourth fiscal quarter of 2024, Marvell reported revenue of $1.427 billion and significant growth in AI-driven data center revenue.

What is Marvell Technology’s stock repurchase program?

Marvell Technology's Board of Directors authorized a $3 billion addition to the stock repurchase program, making it the largest repurchase authorization in the company's history.

What are some key products in Marvell's portfolio?

Key products include the Marvell Nova 2, a 1.6 Tbps PAM4 optical DSP, and other technologies critical for AI, data centers, and high-performance computing.

How does Marvell contribute to AI infrastructure?

Marvell develops custom AI silicon and electro-optic solutions that drive significant revenue and cater to the growing demands of AI infrastructure.

What strategic investments has Marvell made recently?

Marvell has announced a significant investment in a new semiconductor assembly and test facility in Northern Italy, reinforcing its global expansion strategy.

How does Marvell support its investors?

Marvell supports its investors through regular financial updates, conference calls, and webcasts, ensuring transparency and engagement.

What end markets does Marvell serve?

Marvell serves multiple end markets including data centers, enterprise networking, carrier infrastructure, automotive, and consumer markets.

Marvell Technology, Inc.

Nasdaq:MRVL

MRVL Rankings

MRVL Stock Data

63.70B
865.60M
0.49%
88.17%
4.5%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
WILMINGTON