Marvell forecasts first quarter revenue above estimates
Reuters05:07
Marvell forecasts first quarter revenue above estimates
March 5 (Reuters) - Chip designer Marvell Technology MRVL.O forecast first-quarter revenue above Wall Street estimates on Thursday, signaling rising demand for custom semiconductors used in data centers to support artificial intelligence applications.
The company expects revenue of around $2.40 billion, plus or minus 5% for first quarter, above analysts' average estimate of $2.27 billion, according to data compiled by LSEG.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Tasim Zahid)
((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))
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