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Marvell's Earnings Surprise Street as AI Boosts Chip Sales
AI demand is strong, and chip company Marvell's sales surged by 19% month-on-month, greatly exceeding expectations.
Strong AI demand, Marvell's performance in the third quarter and outlook for the fourth quarter both exceeded expectations. On December 3, Eastern Time, chip company Marvell Technology (MRVL) announced its third-quarter financial report showing that the company's third-quarter sales increased by 19% month-on-month, reaching 1.52 billion USD, exceeding Wall Street's forecast of 1.46 billion USD; eps was 43 cents, higher than the expected 41 cents. Marvell also predicts that fourth-quarter revenue will reach about 1.8 billion USD, exceeding the expected 1.65 billion USD, with an expected eps of 59 cents.
Marvell Technology (MRVL.US) Q3 financial report is impressive! Datacenter business surges, with broad prospects for collaboration in the AI field.
marvell technology recently released its third-quarter financial report, with performance exceeding market expectations, and issued optimistic profit forecasts.
Marvell Rallies After AI Computing Demand Bolsters Outlook
Marvell Technology, Inc. (MRVL) Q3 2025 Earnings Call Transcript Summary
Marvell Technology 3Q Revenue Rises, Sees Further Growth in 4Q
scarlight : hmm do not gamble