Marvell Technology Narrows Fiscal Q1 Revenue Guidance Range, Postpones Investor Day; Shares Down Pre-Bell

MT Newswires Live

2025/05/07

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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