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. develops data infrastructure semiconductor solutions for systems that move, store, process and secure data. The company is a fabless chip designer serving data center, carrier, enterprise and consumer end markets with processors, optical and copper transceivers, switches and storage controllers.
MRVL news regularly covers product launches and portfolio expansion across AI data-center connectivity, optical DSPs, silicon photonics, SerDes, PCIe and CXL switching, near-memory acceleration, telemetry and custom silicon. Company updates also include financial-results conference calls, quarterly dividend declarations, acquisitions that add optical or interconnect technology, and ecosystem demonstrations for cloud and carrier architectures.
Marvell Technology, Inc. (NASDAQ: MRVL) will host a conference call on December 1, 2022, at 1:45 p.m. Pacific Time to discuss its third-quarter fiscal year 2023 financial results. Interested participants can join by calling 1-888-317-6003 or 1-412-317-6061, with the passcode 7355192. The call will also be available via webcast on Marvell's Investor Relations website. A replay will be accessible until December 8, 2022, through specific dial-in numbers.
Marvell Technology (NASDAQ: MRVL) has announced the availability of 100G/lane active electrical cables (AECs) powered by its Alaska A PAM4 DSP technology. This development addresses the growing demand for data center bandwidth, enabling higher speeds and distances for server-to-switch interconnects. The new AECs facilitate next-generation interconnects needed for AI and machine learning applications, significantly expanding Marvell's market potential. Major manufacturers like Amphenol and Molex are already sampling these innovative solutions.
Marvell Technology (NASDAQ: MRVL) has unveiled a comprehensive 3nm silicon platform aimed at enhancing its semiconductor solutions for cloud data centers, enterprise, and automotive markets. The new silicon, in fabrication with TSMC, enables significant advancements in performance and power efficiency. This platform includes vital IP blocks for high-demand applications, facilitating faster time-to-market for customers. Marvell's collaboration with TSMC aims to optimize silicon building blocks for a wide range of uses, addressing the increasing demand for data infrastructure solutions.
Marvell Technology, Inc. (NASDAQ: MRVL) is participating in the 2022 Open Compute Project (OCP) Global Summit being held from October 18-20 in San Jose, California. The company will showcase its cloud-optimized silicon portfolio, including innovations like the 5nm 112G Long-Reach SerDes, edge-to-cloud networking solutions, and the OCTEON 10 Data Processing Unit. Presentations will cover topics such as scalable data centers and next-gen networking, featuring executives like Gary Kotzur and John DaCosta. This event highlights Marvell's commitment to advancing data infrastructure technology.
Marvell Technology (NASDAQ: MRVL) announced a quarterly dividend of $0.06 per share, to be paid on October 26, 2022. Shareholders of record as of October 7, 2022 will receive this dividend. The company has established itself as a trusted provider of semiconductor solutions, collaborating with leading tech firms to enhance data infrastructure technology.
Marvell (NASDAQ: MRVL) and OE Solutions have launched the first commercially available 100G QSFP-DD optical modules designed for 5G backhaul and aggregation applications. These modules support industrial temperature operations, enabling carriers to upgrade their networks from 10G to 100G speeds. With traffic and data center bandwidth growing 40% annually, this transition utilizes coherent technology, which significantly increases capacity. The new modules offer enhanced density and performance, essential for expanding fiber optic connectivity in outdoor conditions.
Marvell and InnoLight have announced the availability of a new 100G QSFP-DD optical module portfolio for 5G applications, powered by Marvell's Deneb Coherent DSP. This collaboration aims to accelerate the transition from 10G to 100G coherent solutions, addressing the rising demand for bandwidth, projected to grow by 40% annually. The new modules enable carriers to leverage existing fiber infrastructure while improving capacity and economics. By enhancing network flexibility and performance, the launch supports carriers in managing increasing data traffic effectively.
Marvell (NASDAQ: MRVL) will participate in the European Conference on Optical Communication (ECOC) from September 19-21, 2022, at Messe Basel, Switzerland, in booth #219. The company will showcase its advanced networking solutions, including 400G ZR+ optics for Metro DWDM applications and its innovative 5nm Long Reach SerDes. Marvell is set to present on 'Evolution of Optical Connectivity to 3.2T' on September 21 at 10:45 a.m. The press release emphasizes Marvell's commitment to enhancing data infrastructure technology and partnerships with leading tech companies.
Marvell (NASDAQ: MRVL) announced the launch of its LiquidSecurity 2 (LS2) hardware security module (HSM) adapter, revolutionizing cloud-based encryption and key management. LS2 enhances transaction processing performance by 3X and allows storage of up to 1 million keys, supporting AES, RSA, and ECC encryption algorithms. This HSM-as-a-service solution is designed for high scalability, compliance, and cost-efficiency, addressing the growing demand for secure cloud services. With anticipated growth in U.S. credit and debit card transactions, Marvell aims to redefine security in multi-cloud environments.
Marvell Technology (MRVL) reported Q2 fiscal 2023 net revenue of $1.517 billion, up 41% year-over-year. Q2 GAAP diluted EPS was $0.01, while non-GAAP diluted EPS reached $0.57. This marks the ninth consecutive quarter of sequential revenue growth. Future guidance for Q3 expects revenue of $1.560 billion and GAAP gross margin at 51.1%. CEO Matt Murphy highlighted strong end market exposure and anticipated growth, driven by easing supply constraints and new product contributions.