Marvell Technologies had a challenging Q4 but it did manage to surpass the revenue expectations of Wall Street. Its sales grew 6% YoY to $1.42 billion but declined 8% sequentially due to inventory correction from customers. Data center end market suffered the most decline, with storage products being the major contributor. However, the company expects strong growth in revenue from 5G and custom ASICs in Q1, although with gross margins lower than Marvell's average. The management is confident tha ....
24 Apr 2023
Marvell Technologies Inc: 5G & ASICs Saving The Day – Key Growth Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)
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Marvell Technologies Inc: 5G & ASICs Saving The Day – Key Growth Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)
- Published:
24 Apr 2023 -
Author:
Ishan Majumdar -
Pages:
28
Marvell Technologies had a challenging Q4 but it did manage to surpass the revenue expectations of Wall Street. Its sales grew 6% YoY to $1.42 billion but declined 8% sequentially due to inventory correction from customers. Data center end market suffered the most decline, with storage products being the major contributor. However, the company expects strong growth in revenue from 5G and custom ASICs in Q1, although with gross margins lower than Marvell's average. The management is confident tha ....