Marvell Technology, Inc. ($MRVL) Earnings (Q4 FY22)

 Marvell Technology, Inc. ($MRVL) Earnings and Opinion:


Marvell Technology, Inc. ($MRVL) is a company in the Technology Sector and currently operates in the Semiconductor industry. They currently have operations globally. Marvell Technology, Inc. was founded in 1995 and is currently headquartered in Wilmington, Delaware. The company started trading on the stock market in 2000. 

Marvell Technology, Inc. EPS and Revenue (Q4 FY22):

  • EPS (Non-GAAP) of $0.50 beating expectations of $0.48
  • Revenue of $1.34B beating expectations of $1.32B
  • EPS was up 72.41% (YOY) and Revenue was up 68.33% (YOY)
Marvell Technology, Inc. EPS and Revenue (FY22):
  • EPS (Non-GAAP) of $1.57
  • Revenue of $4.46B 
  • EPS was up 70.65% (YOY) and Revenue was up 50.3% (YOY)
Marvell Technology, Inc. (Q1 FY23) Guidance:
  • Revenue expected to be $1.425B +/- 3%
  • EPS (Non-GAAP) expected to be $0.51 +/- 3%
Opinion:
Marvell Technology, Inc. is currently trading higher after reporting earnings after the closing bell today. The company recorded record revenue to close out the 2022 fiscal year. They beat expectations for both EPS and Revenue in Q4. They saw significant increases in those totals from last fiscal year. The CEO stated that they are racking up design wins and that Revenue grew in all 5 of their end markets. Investors liked the look of this earnings report, as well as the guidance given for the first quarter of the 2023 fiscal year. The company looks to be in a solid place and is doing a good job of increasing revenues. Personally, I have never really looked into this company. I look at bigger companies when it comes to semiconductors, but Marvell has caught my attention after this earnings report. I think this is a hot company due to the semiconductor shortages that we have experienced with the supply chain woes. However, I do not know how much longer the woes will last. Hopefully, Marvell has built some solid relationships with consumers of their products and services to gain customer retention and keep growing revenues. For now, I will likely pass on this company and invest elsewhere, but that's just because I don't understand the business to the bone. By the looks of things though, it looks like a company that is pretty healthy.

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