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Marvell Technology Q2 revenue $605 million

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Staff Writer | Friday August 25, 2017 5:29AM ET
Marvell Technology
Marvell Technology   GAAP net income was $0.26 per share

Marvell Technology Group reported financial results for the second fiscal quarter of fiscal year 2018.


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Revenue for the second quarter of fiscal 2018 was $605 million, which exceeded the midpoint of the company's guidance provided on May 25, 2017.

GAAP net income from continuing operations for the second quarter of fiscal 2018 was $135 million, or $0.26 per share.

Non-GAAP net income from continuing operations for the second quarter of fiscal 2018 was $153 million, or $0.30 per diluted share.

Cash flow from operations for the second quarter was $101 million.

"I am pleased to report that our second quarter results demonstrated Marvell's continued transformation as a company, achieving revenue above the midpoint of our guidance, improved profitability and continued return of capital to shareholders," said Matt Murphy, Marvell's president and CEO.

"I'm proud of our team - in a competitive environment, we are delivering innovative solutions that our customers clearly value."

 

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