Marvell Tech: Q1 Earnings Insights

Marvell Tech MRVL reported its Q1 earnings results on Thursday, May 25, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Marvell Tech beat estimated earnings by 6.9%, reporting an EPS of $0.31 versus an estimate of $0.29.

Revenue was down $125.00 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 4.74% drop in the share price the next day.

Here's a look at Marvell Tech's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	0.47	0.59	0.56	0.51
EPS Actual	0.46	0.57	0.57	0.52
Revenue Estimate	1.40B	1.56B	1.52B	1.43B
Revenue Actual	1.42B	1.54B	1.52B	1.45B

To track all earnings releases for Marvell Tech visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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