:max_bytes(150000):strip_icc()/GettyImages-1679337219-67830b73e8d741b4b343271edb098ccb.jpg?w=780&resize=780,470&ssl=1 "What You Need To Know Ahead of Marvell Technology’s Earnings Report")
Key Takeaways
- Marvell Technology reports fiscal second-quarter earnings after the bell Thursday.
- Analysts expect the semiconductor tech maker to report falling revenue from the year-ago period, while losses are expected to narrow.
- Investors will likely be watching for signs of Marvell reaching a sales bottom, with a recovery to follow.
- Marvell will likely provide updates about its initiatives related to artificial intelligence.
Marvell Technology (MRVL) is set to report second-quarter results for fiscal 2025 after the bell Thursday, with investors likely to be watching for signs the semiconductor tech company could be poised for a turnaround in sales and updates on its artificial intelligence (AI) initiatives.
Analysts project second-quarter revenue of $1.25 billion, down from $1.34 billion a year ago, according to estimates compiled by Visible Alpha. The company is expected to post a net loss of $159.45 million or 18 cents per share, narrowing from the year-ago period.
| Analyst Estimates for Q2 2025 | Q1 2025 | Q2 2024 | |
| Revenue | $1.25 billion | $1.16 billion | $1.34 billion |
| Diluted Earnings / (Loss) Per Share | (18 cents) | (25 cents) | (24 cents) |
| Net Income / (Loss) | ($159.45 million) | ($215.6 million) | (207.5 million) |
Key Metrics: Signs of a Sales Bottom
Investors are likely to be watching for signs that the company has reached the bottom of its recent decline in sales, as strength in its data center segment has struggled to offset weakness in its other areas.
Deutsche Bank analysts expect roughly flat sequential performance across Marvell’s non-data center businesses, Carrier, Enterprise Networking, and Auto/Industrial, with an “uncertain pace of recovery” in the second half of the year.
Rosenblatt analysts said they believe the company has “reached a cyclical bottom,” with the AI business trajectory poised to gain in the long term.
Business Spotlight: AI Opportunity
Investors will likely be watching for updates on Marvell’s Data Center segment and its position in the AI landscape.
Rosenblatt analysts expect Marvell management to reiterate expectations that AI sales will exceed $1.5 billion in fiscal 2025 and $2.5 billion in fiscal 2026.
Marvell shares were down close to 4% at $69.04 in intraday trading Monday ahead of the company’s earnings Thursday, though they’ve gained over 14% since the start of the year.
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