Second Quarter of Fiscal 2025 Financial OutlookNet revenue is expected to be $1.250 billion +/- 5%.GAAP gross margin is expected to be approximately 46.2%.Non-GAAP gross margin is expected to be approximately 62.0%.GAAP
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors.
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
Marvell Technology, Inc (NASDAQ: MRVL) was moving slightly higher on Thursday ahead of its first-quarter earnings print set to take place after the market closes.