Marvell Q4 FY1/24 Earnings Review

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Lying In The Gutter, Looking Up At The Stars?

by Alex King

Marvell Technology, Inc ($MRVL) reported its Q4 of FY1/24 last week. The company put in a solid quarter that might, just might, mark a turnaround in its recent fortunes.

Here’s the headline numbers.

The first growth quarter for some time; the first increased in TTM unlevered pretax free cashflow margins for some time; and the second successive quarter in which net debt decreased. Just baby steps, but potentially important ones.

Read on for our take on the short- and medium-term chart, our rating, valuation analysis and fuller fundamental analysis.