04:56 PM EST, 12/03/2024 (MT Newswires) -- Marvell Technology ( MRVL ) reported fiscal Q3 non-GAAP earnings late Tuesday of $0.43 per diluted share, up from $0.41 a year earlier.

Analysts polled by FactSet expected $0.41, excluding certain items.

Net revenue for the quarter that ended Nov. 2 was $1.52 billion, up from $1.42 billion a year earlier. Analysts surveyed by FactSet expected $1.46 billion.

The company expects fiscal Q4 non-GAAP diluted net income of $0.59 per diluted share plus/minus $0.05. Analysts surveyed by FactSet expect $0.52.

The company expects net revenue for fiscal Q4 of $1.8 billion plus/minus 5%, while analysts polled by FactSet expect $1.65 billion.

Company shares traded 9% higher in after-hours activity.