Key Takeaways
Marvell Technology is due to report its second-quarter results after the close on Thursday. Analysts expect the semiconductor technology maker to report a decline in revenue compared to the same period a year ago, while narrowing its losses. Investors will likely be watching for signs that Marvell's sales have bottomed out and will then recover. Marvell is expected to provide an update on its artificial intelligence efforts.
Marvell Technology (MRVL) is scheduled to report its fiscal second-quarter 2025 results after the close of trading on Thursday, and investors will likely be watching the semiconductor technology company closely for signs of a sales recovery and updates on its artificial intelligence (AI) initiatives.
Analysts expect second-quarter revenue of $1.25 billion, down from $1.34 billion in the same period last year, according to estimates compiled by Visible Alpha. The company is expected to report a net loss of $159.45 million, or 18 cents a share, narrower than the same period a year ago.
Analyst Estimates Q2 2025 Q1 2025 Q2 2024 Revenues $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 indicators: Sales showing signs of bottoming out
Investors will likely be watching for signs that the company's recent sales decline has bottomed out, as strength in its data-center division struggles to offset weakness elsewhere.
Deutsche Bank analysts expect Marvell's non-data center, carrier, enterprise networking and automotive/industrial businesses to be roughly flat from the previous quarter, saying the “pace of recovery is uncertain” in the second half of the year.
Rosenblatt analysts said they believe the company has “reached a cyclical bottom” and that the trajectory of its AI business will be upward in the long term.
Business Spotlight: The AI Opportunity
Investors will likely be keeping an eye on updates from Marvel's data center division and the company's position in the AI space.
Rosenblatt analysts expect Marvell management to reiterate its guidance for AI revenue to exceed $1.5 billion in fiscal 2025 and $2.5 billion in fiscal 2026.
Marvell shares fell nearly 4% to $69.04 in intraday trading on Monday ahead of the company's earnings release on Thursday, but are still up more than 14% since the beginning of the year.
