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Marvell reports Q1 beats after closing Inphi acquisition

Jun. 07, 2021 4:35 PM ETMarvell Technology, Inc. (MRVL)MRVLBy: Brandy Betz, SA News Editor9 Comments
  • Marvell (NASDAQ:MRVL) shares gain 2.2% after the company reports Q1 results with revenue up 20% Y/Y to $832.28M and EPS of $0.29.
  • The company completed the acquisition of Inphi about 10 days before the end of the quarter and the Q1 results include the

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Comments (9)

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Chart does not look good and valuation is high... I think their growth resumes in 2022 and stock trades sideways for the next 6 months... then maybe pop in Q1 2022

This post will not look good in the next 3-4 weeks when MRVL starts trading in the upper 50s.
@Stewo234 valuation is high based on MRVL alone. IPHI is immediately accretive to earnings and brings higher growth rate. Shares should see appreciation as we enter H2
Pretty shocked the market is rewarding only this semi for a beat with a gaap miss. If qcom had a gaap miss it would’ve been below 50 by now.
@treyparkervb wait until tomorrow. Lots of after hours pops followed by selling the following day
@treyparkervb Marvell is on fire. They just closed the Inphi-acquisition so their numbers are added to next quarter. Marvell is a huge story and will grow grow grow for years to come. You gotta own Marvell, Skyworks, and Qorvo - the 5G-trio.
Adambombfx profile picture
Love my MRVL !
Should have a 30% yearly growth rate over the next 5 years. Wouldn’t be surprised to see the stock over $100 in the future.
Solid long term hold with close of Acquistion
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