Marvell Technology Q1 2024 earnings on deck, what to expect
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Marvell Technology (NASDAQ:MRVL) is scheduled to announce Q1 earnings results on Thursday, May 25th, after market close.
The consensus EPS estimate is $0.29 and the consensus revenue estimate is $1.3 billion.
Over the last 2 years, MRVL has beaten EPS estimates 75% of the time and has beaten revenue estimates 88% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 23 downward. Revenue estimates have seen 0 upward revisions and 19 downward.
The company on March 2 reported Q4 Non-GAAP EPS of $0.46, missing estimates by just 1 cent. Revenue of $1.42 billion was ahead of expectations by at least $9.9 million.
MRVL has a Quant rating of "Hold", with a 2.97 rating score.
MRVL has an industry ranking of 33 out of 68 among semiconductor stocks, as per SA's Quant ranking, one spot behind Qualcomm.
Wall Street analysts rate the MRVL stock "Strong Buy" and Seeking Alpha authors rate it "Buy".
Recent Analysis: Seeking Alpha contributor Zen Analyst wrote in a recently published analysis, "Marvell's current valuation appears to be around fair value, given its attractive historical growth rate offset by the anticipated challenges in FY24. Investors should closely monitor the company's progress as it navigates the near-term headwinds and assess whether these challenges are temporary or indicative of deeper issues within the organization."
Contributor The Moose Investor highlighted in their latest report that people will be on the lookout for Marvell's margins and the way they are improving, and also pointed out that the company is estimating the first quarter to see a dip in gross margins from previous levels.
Other analysis on MRVL: Marvell Technology: A Value Perspective, Risk-Reward Not Lucrative by Gytis Zizys.

Recent News: Marvell CEO Murphy to be appointed chairman.
MRVL stock fell 58.4% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
Stock is up 29.8% so far this year as of Tuesday's close.