Marvell Technology Inc Stock Price, News & Analysis

Marvell (NASDAQ: MRVL) and Hisense announced the production-ready 400G QSFP-DD OpenZR+ optical module featuring Marvell's Deneb Coherent DSP. This module supports 100G/200G/300G/400G for routers and is designed to simplify and reduce costs for 5G and cloud data center services. With rising demand for OpenZR+ modules, the collaboration aims to enhance interoperability and accelerate the adoption of IP-over-DWDM solutions. The Deneb-based module is now in production, expanding the ecosystem for coherent pluggable technology.

Marvell (NASDAQ: MRVL) introduced its first-generation cloud-optimized co-packaged optics (CPO) technology platform on March 7, 2022, in San Diego. This innovative platform aims to enhance connectivity while minimizing power consumption. It features integrated silicon photonics including lasers and a PAM4 DSP. Marvell will demonstrate this technology at the Optical Networking and Communication Conference. The CPO platform is designed to meet the increasing demands in bandwidth driven by AI, ML, and HPC applications, paving the way for advanced data center solutions.

Marvell Technology, Inc. (NASDAQ: MRVL) reported a strong fourth quarter for fiscal 2022, with net revenue of $1.343 billion, surpassing guidance. This represents an 11% sequential growth and a remarkable 68% year-over-year increase. While GAAP net income was modest at $6 million or $0.01 per diluted share, non-GAAP net income reached $429 million or $0.50 per diluted share. Fiscal year 2022 revenue totaled $4.462 billion, but GAAP net loss was $(421) million. For Q1 FY 2023, revenue is forecasted at $1.425 billion +/- 3%.

Marvell (NASDAQ: MRVL) announced the start of volume shipments of its Spica™ 800G PAM4 DSP platform for optical interconnects, marking a milestone as the first PAM4 DSP supplier to do so. The Spica platform supports 800G optical modules for cloud data center and AI network applications, featuring low-power technology and integrated laser drivers. This innovation meets the high bandwidth demands of modern data centers. The product is now available for commercial deployment, driving advancements in high-speed optical transceiver solutions.

Marvell (NASDAQ: MRVL) has commenced volume shipments of its COLORZ II 400ZR module, the first QSFP-DD pluggable module for cloud operators. This innovation allows seamless data center interconnections with high performance and low power consumption. Demand for 400Gbps coherent optics is rising, projected to cover a quarter of the DWDM market by 2025. The COLORZ II module supports increasing bandwidth needs driven by AI and HPC applications while maintaining cost-effectiveness. Marvell emphasizes its commitment to delivering cutting-edge 400ZR solutions amid growing customer demand.

Marvell Technology has declared a quarterly dividend of $0.06 per share, payable on April 27, 2022, to shareholders of record as of April 8, 2022. This reflects the company's ongoing commitment to returning value to shareholders. Marvell is focused on delivering data infrastructure technology and has been a trusted partner for over 25 years with leading technology companies, aiming to innovate enterprise, cloud, automotive, and carrier architectures.

On March 2, 2022, Marvell (MRVL) launched its Alaska A PAM4 DSP family, the first cloud-optimized 400G/800G DSPs for Active Electrical Cables (AECs). This innovation aims to meet the growing bandwidth demands driven by AI and ML in cloud data centers. The DSPs, fabricated in a 6nm process, allow cable manufacturers to enhance their interconnect offerings. They can mitigate over 40db of loss, supporting longer reach and thinner cables crucial for high-density data centers. Marvell's Alaska A DSPs are now available for sampling to major cable suppliers.

Marvell has launched the industry's first 800Gbps multimode platform solution designed for cloud data centers, enhancing data speeds and efficiency. This innovative platform utilizes PAM4 DSP technology with multimode transimpedance amplifiers and drivers, allowing for double the data rate while using existing multimode fiber. The solution is expected to reduce costs and complexity for data center operators and meet the rising demand for high-speed interconnections driven by AI and HPC applications. The chipset is currently available for leading customers.