Marvell Technology Q2 earnings on deck, what to expect
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Marvell Technology (NASDAQ:MRVL) is scheduled to announce Q2 earnings results on Thursday, August 24th, after market close.
The consensus EPS estimate is $0.32 and the consensus revenue estimate is $1.33 billion.
Over the last 2 years, MRVL has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time.

Over the last 3 months, EPS estimates have seen 16 upward revisions and 7 downward. Revenue estimates have seen 19 upward revisions and 3 downward.
The company on May 25 reported Q1 Non-GAAP EPS of $0.31, beating estimates by 2 cents. Revenue of $1.32 billion was ahead of expectation by $20 million.
MRVL has a Quant rating of "HOLD", with a 3.37 rating score.
MRVL has an industry ranking of 14 out of 68 among semiconductors stocks, as per SA's Quant ranking.
Wall Street rates the MRVL stock "STRONG BUY"
and Seeking Alpha authors rate it "HOLD".
MRVL stock fell 58.4% in 2022, while the benchmark S&P 500 Index slipped nearly 20% for the year.
Stock is up 66.3% so far this year as of Tuesday's close, and up 19.2% in the last 12 months.


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