05:58 AM EDT, 05/07/2025 (MT Newswires) -- Marvell Technology ( MRVL ) said late Tuesday it now expects fiscal Q1 revenue 2% either side of $1.88 billion, compared with its previous range indicating up or down 5% of the outlook.

Analysts polled by FactSet expected $1.88 billion.

The company also said it is postponing its investor day scheduled for June 10 to a future date in 2026, citing the "dynamic macroeconomic environment."

Marvell Technology ( MRVL ) shares were down 4.4% in recent premarket activity Wednesday.