Chipmaker Marvell forecasts first-quarter revenue above estimates

Reuters

03-06

Chipmaker Marvell forecasts first-quarter revenue above estimates

March 5 (Reuters) - Chipmaker Marvell Technology MRVL.O forecast first-quarter revenue above estimates on Wednesday, driven by robust demand for custom chips from businesses aiming to optimize AI workloads.

The company expects first-quarter revenue to be $1.88 billion, compared with analysts' average estimate of $1.87 billion according to data compiled by LSEG.

(Reporting by Priyanka.G in Bengaluru; Editing by Krishna Chandra Eluri)

((Priyanka.G@thomsonreuters.com;))

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