$Marvell Technology (MRVL.US)$ reported quarterly earnings after the bell, with earnings and revenue beating estimates.
Q3 earnings per share were $0.43, surpassing the analyst consensus estimate of $0.41 by 4.88%.
Quarterly sales reached $1.52 billion, exceeding the analyst estimate of $1.46 billion by 4.12%. This marks a 6.84% increase compared to sales of $1.42 billion in the same period last year.
"Marvell's fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance, while year-over-year, we expect revenue growth to accelerate significantly to 26%, marking the beginning of a new era of growth for Marvell," said Matt Murphy, Marvell's Chairman and CEO.
For Q4 guidance, net revenue is expected to be $1.800 billion +/- 5% and net income per share is expected to be $0.59 +/- $0.05 per share.
In after-hours trading at 4:32 p.m. ET, shares are trading 8.94% higher.
