Seeking Alpha
Profile| Send Message|
( followers)  

Marvell Technology (NASDAQ:MRVL) is expected to report Q2 earnings after the market close on Thursday, August 16, with a conference call scheduled for 4:45 pm ET.

Guidance

The consensus estimate is 26c for EPS and $852.71M for revenue, according to First Call. The company has beaten estimates the last two quarters and is coming off a quarter where it topped forecasts by 2c. Guidance for Q2 is for EPS about 28c on revenues of $840M-$890M. The company sees generating $150M of free cash flow in Q2.

Analyst Views

Credit Suisse expects Marvell to post results modestly below Street as HDD growth normalizes post-Thailand flood recovery and end demand remains lack-luster. The firm believes next quarter's guidance is also likely to be modestly below the Street on muted Storage shipments and weaker TD growth. Credit Suisse feels that while the macro is weighing on near-term fundamentals, the firm's long-term thesis remains intact. Marvell is also increasingly returning cash to shareholders through buybacks and dividends -- 2.0% yield.

Source: Earnings Preview: Marvell Technology