Notifications Bell

Mixed bag for Marvell Technologies in Q3

Mixed bag for Marvell Technologies in Q3

After mixed quarterly results, MRVL has hope for the future

One of the oldest semiconductor companies – Marvell Technologies – posted mixed Q3 2020 earnings.

The Hamilton-based company was shy of the $750.1 million in revenues, the actual figures coming in at $750 million. The EPS was par with the expectations of 25 cents.

Marvell's President and CEO Matt Murphy stated: "the overall revenue increased 13% year on year, driven by our networking business, which grew revenue 35% year on year. Strong 5G and Cloud product ramps are fueling our ongoing success in these strategic growth markets."

For the future, Marvell expects its revenue to reach $785 million, while the market is looking for $787.4 million. At the same time, the EPS is seen to range between 25 cents – 33 cents. The consensus is 29 cents per share.

After the news hit the wire, Marvell Technologies' stock price lost 0.22%.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.

Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of