US Stocks Move | Marvell Technology (MRVL.US) plunges over 16% as Q3 earnings guidance misses expectations
According to Jinse Finance, on Friday, Marvell Technology (MRVL.US) opened with a sharp drop of over 16%, trading at $64.65. The company’s earnings guidance disappointed investors. The financial report showed that Q2 revenue increased by 58% year-on-year to $2.01 billions, merely meeting analysts’ expectations. Among them, data center business revenue grew 69% year-on-year to $1.49 billions, falling short of the average analyst estimate of $1.51 billions. Adjusted earnings per share were $0.67, also just in line with expectations. In today’s AI-driven market, simply “meeting expectations” is no longer enough to satisfy investors.
What disappointed investors even more was Marvell Technology’s earnings guidance. The company’s midpoint revenue guidance for the third quarter was $2.06 billions, below the average analyst estimate of $2.11 billions. Summit Insights analyst Kinngai Chan stated that Marvell Technology’s weak Q3 guidance implies a decline in its custom ASIC business, which came as a surprise to investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"Trump's Wind Power U-Turn Undermines Clean Energy Future"
- Trump administration cancels $679M in offshore wind funding for 12 projects, including a $6.2B nearly completed wind farm, citing national security concerns. - Move triggers legal backlash and threatens $6.2B in investments, 8,000+ jobs, and grid reliability in renewable-dependent Northeast regions. - Analysts warn sudden reversals undermine investor confidence in clean energy, with inconsistent federal support risking U.S. climate goals and energy transition. - Renewable energy now supplies 40% of U.S.
The Misdirected Focus on Crypto: Why Traditional Banking Systems Dominate Illicit Finance
- Traditional banking systems dominate illicit finance, with $3T in 2023 vs. $40.9B in crypto crimes (0.14% of crypto transactions). - Crypto's blockchain transparency creates a "halo effect," overshadowing traditional banking's opaque $4-10T annual money laundering via shell companies. - Regulators focus on crypto enforcement risks diverting attention from systemic banking flaws, as 42 BSA/AML actions in 2024 included a $1.3B record fine. - Investors must balance crypto's regulatory volatility against tra
Ethereum vs. Avalon X: Why Immediate Real-World Rewards Make AVLX a Stronger Short-Term Play
- -2025 crypto investors balance long-term innovation with short-term gains as Ethereum (ETH) and Avalon X (AVLX) compete for capital. - -Ethereum's $13.3B ETF inflows in Q3 2025 reinforce its institutional adoption, but lack immediate utility for short-term traders. - -Avalon X's RWA tokenization model offers tangible real-world value through luxury real estate, deflationary mechanics, and $1M presale incentives. - -AVLX's hybrid model combines token appreciation with physical asset access, creating risk-
Arthur Hayes Predicts Massive Cryptocurrency Growth by 2028
In Brief Arthur Hayes predicts substantial value increases for Ethena, Ether.fi, and Hyperliquid by 2028. Stablecoin use is bolstered by U.S. Treasury policies, enhancing DeFi projects. Codex may emerge as the first genuine crypto bank, supporting SMEs in developing regions.
Trending news
MoreCrypto prices
More
