Marvell Technology Reports Fourth Quarter Financial Results

Marvel Technology Group Ltd. (NASDAQ: MRVL) reported financial results for the fourth fiscal quarter and full fiscal year ended February 2nd, 2019.  Revenue for the fourth quarter was USD 745 Million. 

Revenue for fiscal 2019 was USD 2.9 Billion.  “Marvell continued to improve its financial performance in fiscal 2019, while also increasing scale and diversifying its business through the acquisition of Cavium. While macroeconomic conditions are currently impacting our first quarter outlook, we expect growth to resume in the second quarter,” said Matt Murphy, Marvell’s President and Chief Executive Officer. “Looking ahead, we are excited about our expanding position in the 5G market, including our recently announced partnership with Samsung, which includes multiple generations of baseband and control plane processors for both LTE and 5G base stations.”

For the first quarter of fiscal 2020, revenue is expected to be USD 650 million.  GAAP gross margin are expected to be 55%. Marvell first revolutionized the digital storage industry by moving information at speeds never thought possible. Today, that same breakthrough innovation remains at the heart of the Company’s storage, processing, networking, security and connectivity solutions. With leading intellectual property and deep system-level knowledge, Marvell’s semiconductor solutions continue to transform the enterprise, cloud, automotive, industrial, and consumer markets. 

Marvell first revolutionized the digital storage industry by moving information at speeds never thought possible. Today, that same breakthrough innovation remains at the heart of the Company’s storage, processing, networking, security and connectivity solutions. With leading intellectual property and deep system-level knowledge, Marvell’ssemiconductor solutions continue to transform the enterprise, cloud, automotive, industrial, and consumer markets.

2 Comments
  1. Daniel Borough 3 years ago
    Reply

    $mrvl a 5g play not down as much as I thought it would be. This will be interesting

    • Luke Noles 3 years ago
      Reply

      yes, possible R/G play? Depends on the market imo

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