Marvell Technology Swings to 3Q Profit on Higher Data Center Demand

Dow Jones

3 hours ago

By Katherine Hamilton

Marvell Technology swung to a profit in the third quarter and recorded higher sales driven by data-center demand.

The semiconductor company on Tuesday posted a profit of $1.90 billion, or $2.20 a share, in the quarter ended in early November, compared with a loss of $676.3 million, or 78 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 76 cents, ahead of the 74 cents anticipated by analysts, according to FactSet.

Revenue rose 37% to $2.07 billion, in line with analysts' expectations. Sales were driven by strong demand for its data center products.

Marvell also said it is acquiring Celestial AI for $3.25 billion in cash and stock.

For the current fourth quarter, Marvell expects revenue to be $2.20 billion at the midpoint, plus or minus 5%. It is guiding for adjusted earnings per share of 79 cents, plus or minus 5 cents. Analysts anticipate $2.18 billion in revenue and 79 cents a share in adjusted earnings.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 02, 2025 16:26 ET (21:26 GMT)

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Sales were driven by strong demand for its data center products. \n</p>\n<p>\n  Marvell also said it is acquiring Celestial AI for $3.25 billion in cash and stock. \n</p>\n<p>\n  For the current fourth quarter, Marvell expects revenue to be $2.20 billion at the midpoint, plus or minus 5%. It is guiding for adjusted earnings per share of 79 cents, plus or minus 5 cents. Analysts anticipate $2.18 billion in revenue and 79 cents a share in adjusted earnings. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<p>\n  (END) <a href=\"https://laohu8.com/S/DOW\">Dow</a> Jones Newswires\n</p>\n<p>\n  December 02, 2025 16:26 ET (21:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0056508442.USD","symbol_name":"贝莱德世界科技基金A2","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588827069","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588827069","pubTimestamp":1764710760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Marvell Technology swung to a profit in the third quarter and recorded higher sales driven by data-center demand.The semiconductor company on Tuesday posted a profit of $1.90 billion, or $2.20 a share, in the quarter ended in early November, compared with a loss of $676.3 million, or 78 cents a share, a year earlier.Stripping out certain one-time items, adjusted per-share earnings were 76 cents, ahead of the 74 cents anticipated by analysts, according to FactSet.Revenue rose 37% to $2.07 billion, in line with analysts' expectations. Sales were driven by strong demand for its data center products.Marvell also said it is acquiring Celestial AI for $3.25 billion in cash and stock.For the current fourth quarter, Marvell expects revenue to be $2.20 billion at the midpoint, plus or minus 5%. It is guiding for adjusted earnings per share of 79 cents, plus or minus 5 cents. 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Sales were driven by strong demand for its data center products. \n\n\n  Marvell also said it is acquiring Celestial AI for $3.25 billion in cash and stock. \n\n\n  For the current fourth quarter, Marvell expects revenue to be $2.20 billion at the midpoint, plus or minus 5%. It is guiding for adjusted earnings per share of 79 cents, plus or minus 5 cents. Analysts anticipate $2.18 billion in revenue and 79 cents a share in adjusted earnings. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  December 02, 2025 16:26 ET (21:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}