Marvell Technology Third Quarter 2023 Earnings: Misses Expectations
Marvell Technology (NASDAQ:MRVL) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$1.54b (up 27% from 3Q 2022).
- Net income: US$13.3m (up from US$62.5m loss in 3Q 2022).
- Profit margin: 0.9% (up from net loss in 3Q 2022).
- EPS: US$0.016 (up from US$0.075 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Marvell Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 81%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 4.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Marvell Technology, and understanding this should be part of your investment process.
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