Marvell Technology (MRVL) said late Tuesday it now expects fiscal Q1 revenue 2% either side of $1.88 billion, compared with its previous range indicating up or down 5% of the outlook.
Analysts polled by FactSet expected $1.88 billion.
The company also said it is postponing its investor day scheduled for June 10 to a future date in 2026, citing the "dynamic macroeconomic environment."
Marvell Technology shares were down 4.4% in recent premarket activity Wednesday.
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