Marvell FQ2 Earnings: Rebound in the cards

Marvell reported strong Q2 FY2025 results. The company beat the revenue consensus estimates by 1.5% and non-GAAP EPS estimates by 2.3%. Revenue grew 10% sequentially, and the guide for the next quarter beat estimates by 2.8%. The guide suggests the company returns to growth from FQ3. AI led the way, with data center revenue growing 92% YoY. The consumer segment revenue recovered, more than doubling sequentially, and management believes that enterprise networking, carrier and auto and industrial end markets have bottomed in the second quarter. All the end markets are expected to grow in Q3.

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