Marvell Technology (NASDAQ:MRVL) Full Year 2024 Results

Main financial results

  • Revenue: USD 5.51 billion (down 7.0% from 2023).

  • Net loss: USD 933.4 million (loss widened 471% from 2023).

  • Loss of US$1.08 per share (worsening from loss of US$0.19 in FY23).

Profit and revenue growthProfit and revenue growth

Profit and revenue growth

All numbers shown in the chart above are for the trailing 12 month (TTM) period.

Marvell Technology's EPS disappoints

Sales were in line with analyst forecasts. Earnings per share (EPS) were 71% below analyst expectations.

Looking ahead, sales are expected to increase by an average of 13% per year over the next three years, compared to a growth forecast of 16% for the U.S. semiconductor industry.

performance of American semiconductor industry.

The company's stock fell 2.8% from the previous week.

balance sheet analysis

Just as investors need to consider its earnings, it's also important to consider the strength of a company's balance sheet. As a result of some analysis, we found that See our view on Marvell Technology's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.

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