Marvell Technology (NASDAQ:MRVL) Full Year 2024 Results
Main financial results
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Revenue: USD 5.51 billion (down 7.0% from 2023).
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Net loss: USD 933.4 million (loss widened 471% from 2023).
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Loss of US$1.08 per share (worsening from loss of US$0.19 in FY23).
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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