Marvell Technology Inc (NASDAQ:MRVL) reported financial results for the second quarter after the market close on Thursday. Here’s a look at the key details from the report.
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Marvell Q2 Earnings Highlights
Marvell posted second-quarter revenue of $2.74 billion, beating the consensus estimate of $2.71 billion. The chip designer reported adjusted earnings of 94 cents per share for the period, beating estimates of 92 cents per share, according to Benzinga Pro.
Total revenue was up 37% on a year-over-year basis, driven by continued strong demand across the company’s Data Center portfolio, which saw 46% growth year-over-year. Cash flow from operations totaled $605.5 million in the quarter.
