Marvell Technology Inc Stock Price, News & Analysis

Marvell Technology (NASDAQ: MRVL) has announced a quarterly dividend of $0.06 per share of common stock. This dividend will be payable on October 31, 2024 to shareholders of record as of October 11, 2024. The announcement demonstrates Marvell's commitment to returning value to its shareholders through regular dividend payments. This quarterly dividend payout is part of the company's ongoing financial strategy to balance reinvestment in growth opportunities with providing direct returns to investors.

Marvell Technology (NASDAQ: MRVL), Lumentum, and Coherent have successfully demonstrated 800G ZR/ZR+ optical modules for data center interconnects up to 500km, an industry first. This achievement enables cloud operators to efficiently scale regional data center connectivity for AI services. The modules, based on Marvell's Orion 800G coherent optical DSP, showcased interoperable metro-distance transmission over a 520km fiber link with a 2dB margin.

The development of these modules extends the reach from the standard 120km to 500km while maintaining compliance with OIF 800G ZR specifications. This advancement in pluggable coherent modules has seen a 100% CAGR since 2022, outpacing other coherent technologies. The interoperability demonstration highlights the expanding application of pluggable modules beyond short-reach data center interconnects, offering cost-effective and power-efficient solutions for cloud and traditional network operators.

Marvell Technology (NASDAQ: MRVL) reported its Q2 FY2025 financial results, with net revenue of $1.273 billion, a 5% year-over-year decline but $23 million above guidance. The company posted a GAAP net loss of $(193.3) million, or $(0.22) per diluted share, while non-GAAP net income was $266.2 million, or $0.30 per diluted share. Q2 saw 10% sequential growth, driven by strong AI demand. For Q3 FY2025, Marvell expects revenue of $1.450 billion ±5% and non-GAAP diluted EPS of $0.40 ±$0.05. The company anticipates growth across all end markets, with data center acceleration and a return to growth in enterprise networking and carrier markets.

Marvell Technology (NASDAQ: MRVL) is showcasing its cloud storage and CXL memory technologies at the Flash Memory Summit 2024. The company's Structera X CXL memory-expansion controller won the 'Most Innovative Sustainability Technology' award. Marvell's booth #1046 will feature demonstrations of Structera CXL near-memory compute, accelerated storage for RAG and AI inference with Bravera SC5, and flexible data placement in QLC SSDs.

Marvell leaders will participate in the 'Pizza, Beer and Chat with the Experts' event. The company is also presenting in several sessions, covering topics such as Flash & Memory Controller Technologies for AI, SSD Technologies for Compute Use Cases, and CXL AI Implications.

Marvell Technology, Inc. (NASDAQ: MRVL) announced that Microsoft will update its fleet of LiquidSecurity HSMs to the FIPS 140-3, Level-3 standard to enhance security in Azure services. Marvell's LiquidSecurity 1 and 2 hardware security modules (HSMs) achieved this certification in June 2024. This stringent certification is important for financial institutions and government organizations.

LiquidSecurity HSMs, powered by OCTEON DPUs, are designed for dense multi-tenant cloud environments. A single LiquidSecurity2 card can manage 100,000 encryption key pairs and process over one million operations per second. According to ABI Research, revenue from cloud-based HSMs is expected to grow from under 15% today to over 40% by 2028.

Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, has announced a conference call to review its second quarter fiscal year 2025 financial results. The call is scheduled for Thursday, August 29, 2024, at 1:45 p.m. Pacific Time, following the release of the financial results.

Interested parties can join the conference call through two methods: without operator assistance by registering at https://emportal.ink/4bYingS, or with operator assistance by dialing 1-800-836-8184 or 1-646-357-8785. The call will also be webcast on the Marvell Investor Relations website. A replay will be available until September 5, 2024, by dialing 1-888-660-6345 or 1-646-517-4150, passcode 45397#.

Marvell Technology (NASDAQ: MRVL) has launched the Structera product line of Compute Express Link (CXL) devices to address memory challenges in cloud data centers. The line includes two families: Structera A CXL near-memory accelerators for high-bandwidth applications, and Structera X CXL memory-expansion controllers for high-capacity needs.

Key features include:

• Integration of Arm Neoverse processors
• Inline compression
• Four memory channels
• Support for up to 12 DDR4 memory modules
• 5nm manufacturing processes

The products aim to improve server efficiency, reduce e-waste, and optimize resource utilization for memory-intensive workloads in cloud environments.

Marvell Technology (NASDAQ: MRVL) has announced the immediate availability of its Teralynx 10 51.2 Tbps Ethernet switch in the Linux Foundation's open-source SONiC network operating system. The Teralynx 10 is a programmable switch with the industry's lowest published latency, designed for diverse workloads like cloud data center accelerated infrastructure. This move aligns with the market's shift towards open-network platforms, enabling tailored networking systems and faster development times. SONiC's popularity is growing rapidly, with deployment by seven of the top ten cloud service providers and a projected CAGR of 25%.

Marvell Technology (NASDAQ: MRVL) announced that its Teralynx 10 Ethernet switch device is now in volume production with customer deployments underway. The 51.2 Tbps switch offers industry-leading performance for AI and cloud data centers, featuring:

• Lowest latency (500-600 nanoseconds)
• Highest radix (512 ports)
• Low power consumption (1W per 100Gbps)
• Full programmability without impacting performance

The device supports open network platforms like SONiC, enabling faster deployment and optimization. Market demand for 51.2 Tbps switches is expected to grow at a 120% CAGR from 2024 to 2028, reaching 1.8 million units.