By Katherine Hamilton

Marvell Technology swung to a profit in the third quarter and recorded higher sales driven by data-center demand.

The semiconductor company on Tuesday posted a profit of $1.90 billion, or $2.20 a share, in the quarter ended in early November, compared with a loss of $676.3 million, or 78 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 76 cents, ahead of the 74 cents anticipated by analysts, according to FactSet.

Revenue rose 37% to $2.07 billion, in line with analysts' expectations. Sales were driven by strong demand for its data center products.

Marvell also said it is acquiring Celestial AI for $3.25 billion in cash and stock.

For the current fourth quarter, Marvell expects revenue to be $2.20 billion at the midpoint, plus or minus 5%. It is guiding for adjusted earnings per share of 79 cents, plus or minus 5 cents. Analysts anticipate $2.18 billion in revenue and 79 cents a share in adjusted earnings.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 02, 2025 16:26 ET (21:26 GMT)

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