Marvell Technology Q4 Revenue Tops Estimates; Q1 Outlook Also Better Than Consensus

• (PLX AI) - Q4 revenue USD 1,343 million vs. estimate USD 1,320 million
• • Q4 gross margin 51.1%
• • Q4 adj. gross margin 65.3%
• • Q1 outlook: Net revenue is expected to be $1.425 billion +/- 3%; consensus was $1.382 billion
• • GAAP gross margin is expected to be 49.6% to 50.6%
• • Non-GAAP gross margin is expected to be 65% to 66%
• • GAAP diluted income per share is expected to be $0.01 +/- $0.04 per share
• • Non-GAAP diluted income per share is expected to be $0.51 +/- $0.03 per share