Marvell Technology, Inc. (NASDAQ:MRVL) will release its second earnings report after the closing bell on Thursday, Aug. 27.
Analysts expect the Wilmington, Delaware-based company to report quarterly earnings of 93 cents per share, up from 67 cents per share in the year-ago period. The consensus estimate for MRVL’s quarterly revenue is $2.71 billion. It reported $2.01 billion last year, according to Benzinga Pro.
On Aug. 19, Marvell announced a sweeping custom chip agreement with Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) that could sharply expand its role in Google’s artificial intelligence infrastructure.
Marvell Technology shares gained 2% to close at $245.11 on Wednesday.
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