Marvell Technology, Inc. (MRVL) experienced a significant drop in its stock price during after-hours trading on March 5, 2025, following the release of its quarterly earnings report. The stock fell by approximately 15% after the company issued a revenue forecast that fell short of analysts’ expectations. For the fiscal fourth quarter ended January 28, 2025, Marvell reported revenue of $1.54 billion and net income of $213 million, which translates to an earnings per share (EPS) of $0.27. However, the company’s guidance for the upcoming quarter forecasted revenues between $1.39 billion and $1.49 billion, contrasting with estimates of $1.54 billion from analysts. This disappointing forecast led to a considerable recalibration of stockholder expectations. According to CEO Matt Murphy, ‘While we are pleased with our revenue growth, the headwinds in our data center and networking segments impacted our ability to meet revenue expectations for the upcoming quarter.’ Despite seeing some growth in its storage solutions segment, the company struggled to fully meet the soaring demands from areas critical to the booming AI and cloud infrastructure sectors. Additionally, other companies in the tech space also witnessed stock movements during the after-hours session; MongoDB, Inc. (MDB) and Zscaler, Inc. (ZS) saw their respective stock prices rise by 3% and 4% following their earnings calls. Analysts will continue to monitor the trends emerging from the tech sector, particularly as AI innovation drives new market dynamics.
Marvell Technology Faces Sharp Decline in After-Hours Trading Following Mixed Earnings Report
