Marvell Technology’s Upcoming Q3 Results Preview
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/MRVL'>Marvell Technology, Inc. (NASDAQ:MRVL)</a> ahead of the Q3 report, scheduled on Dec 1.</p>
<p>The analysts expect the company to deliver approximately in-line results and a slight miss on the guide, with most investors focused on Q4/2023 outlook especially around the sustainability of growth into next year, as skepticism around Enterprise and Data Center demand strength rises amidst the significant cost reduction/OPEX cuts announced by large hyperscalers and the on-going macro headwinds that have caused so many semi companies to guide lower. </p>
<p>The analysts lowered their revenue/EPS estimates by 3%/4% as they expect co-specific tailwinds in Cloud (over $400 million wins), 5G ramp in H2/23, and Auto to be somewhat offset by softness in Enterprise Networking, Industrial and Consumer end-markets.</p>

NASDAQ:MRVL