NASDAQ$MRVL
Marvell Technology Group Ltd · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a strong start to fiscal 2022 with revenue growth and the acquisition of Inphi completed.
Marvell Technology reported first-quarter fiscal year 2022 financial results, which include the acquisition of Inphi. The company's revenue grew by 20% year-on-year, driven by strong demand across all key end markets.
- Q1 Net Revenue: $832 million, grew by 20% year-on-year
- Q1 Gross Margin: 50.2% GAAP gross margin; 64.3% non-GAAP gross margin
- Q1 Diluted income (loss) per share: $(0.13) GAAP diluted loss per share; $0.29 non-GAAP diluted income per share
- Cash and cash equivalents: $523 million
Headline financials
Revenue & EPS history
Marvell · Revenue · Quarterly
$832M
Revenue by segment
Marvell · $2.22B total across 2 segments · Q4 2026
- Data center$1.65B—74.4%
- Communications and other$567M—25.6%
Forward guidance
Marvell expects revenue of $1.065 billion +/- 3% for the second quarter of fiscal year 2022.
Tailwinds
- Net revenue is expected to be $1.065 billion +/- 3%.
- Non-GAAP gross margin is expected to be approximately 64%.
- Basic weighted average shares outstanding are expected to be 822 million.
- Diluted weighted average shares outstanding are expected to be 835 million.
- Non-GAAP diluted income per share is expected to be $0.31 +/- $0.03 per share.
Headwinds
- GAAP gross margin is expected to be 34.8% to 37.5%.
- GAAP operating expenses are expected to be $633 million to $643 million.
- Non-GAAP operating expenses are expected to be $370 million to $375 million.
- GAAP diluted loss per share is expected to be $(0.37) +/- $0.04 per share.
- Second Quarter of Fiscal 2022 Financial Outlook includes expected results of Inphi for the full quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+1.9%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+42.5%
Q1 2024
Best reaction
-19.8%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +0.0% | -2.1% | +22.3% | |
| Q3 2026 | +2.6% | -1.0% | -3.8% | |
| Q2 2026 | -18.7% | -19.3% | +7.7% | |
| Q1 2026 | -5.6% | +4.0% | +21.1% | |
| Q4 2025 | -19.8% | -25.5% | -45.2% | |
| Q3 2025 | +22.0% | +17.2% | +17.2% | |
| Q2 2025 | +11.4% | +2.3% | +3.7% | |
| Q1 2025 | -9.2% | -12.4% | -7.8% | |
| Q4 2024 | -7.3% | -11.8% | -10.7% | |
| Q3 2024 | -5.9% | -9.6% | +7.5% | |
| Q2 2024 | -13.0% | -8.7% | -15.0% | |
| Q1 2024 | +42.5% | +37.9% | +25.8% | |
| Q4 2023 | -2.9% | -9.4% | -4.5% | |
| Q3 2023 | -3.9% | -11.7% | -20.4% | |
| Q2 2023 | -4.0% | -8.1% | -17.1% | |
| Q1 2023 | +12.7% | +9.6% | -10.6% | |
| Q4 2022 | -6.3% | -4.7% | +5.0% | |
| Q3 2022 | +17.8% | +29.0% | +23.3% | |
| Q2 2022 | -2.9% | -3.2% | +0.6% | |
| Q1 2022 | +4.2% | +7.0% | +16.4% | |
| Q4 2021 | -16.2% | -16.2% | +3.8% | |
| Q3 2021 | -4.9% | -4.3% | +4.2% | |
| Q2 2021 | +7.4% | +10.1% | +6.9% | |
| Q1 2021 | +6.3% | +12.7% | +8.2% | |
| Q4 2020 | +17.0% | +4.3% | +5.3% | |
| Q3 2020 | -7.3% | -6.4% | +6.1% | |
| Q2 2020 | +1.7% | -1.2% | +5.0% | |
| Q1 2020 | +1.3% | +6.4% | +8.4% | |
| Q4 2019 | -4.7% | +1.0% | +8.7% | |
| Q3 2019 | -1.8% | -5.7% | -3.7% | |
| Q2 2019 | -5.0% | -8.2% | -9.2% | |
| Q1 2019 | +0.8% | +0.2% | -2.5% | |
| Q4 2018 | +2.7% | -3.2% | -13.4% | |
| Q3 2018 | -5.0% | -5.1% | -6.4% | |
| Q2 2018 | +7.3% | +8.6% | +12.5% | |
| Q1 2018 | +5.3% | +3.5% | +5.3% | |
| Q4 2017 | +1.0% | +0.1% | -4.2% | |
| Q3 2017 | +10.2% | +10.3% | +6.6% | |
| Q2 2017 | -2.9% | -5.4% | +1.3% | |
| Q1 2017 | +2.1% | +1.8% | +5.4% | |
| Q4 2016 | +11.5% | +16.2% | +15.6% | |
| Q3 2016 | -8.9% | — | — | |
| Q2 2016 | -18.3% | — | — | |
| Q1 2016 | -7.1% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | +4.6% | — | — | |
| Q2 2015 | +2.4% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +9.6% | — | — | |
| Q2 2014 | -6.6% | — | — | |
| Q1 2014 | -0.2% | — | — | |
| Q4 2013 | +7.0% | — | — | |
| Q3 2013 | +4.3% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | +0.7% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | -4.0% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | -0.9% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q2 2010 | +2.4% | — | — | |
| Q1 2010 | -4.7% | — | — | |
| Q4 2009 | +6.4% | — | — |
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