Marvell Stock Drops Despite Strong Earnings as Outlook Fails to Impress
1. MRVL's Q4 revenue grew 27% to $1.82 billion, beating expectations. 2. Adjusted earnings increased to 60 cents per share from 46 cents YoY. 3. First-quarter guidance projected revenue of $1.875 billion, aligning with consensus. 4. High expectations led to a 15% post-earnings drop in share price. 5. Data center revenue surged 78%, driven by AI demand.