The company’s Q3 2025 earnings beat analyst expectations, leading to a massive surge in its stock price.
Marvell also issued impressive Q4 guidance, projecting $1.8 billion in revenue and a 60-percent non-GAAP gross margin.
Marvell designs most of its products for data centers and cloud operators.
The company also supplied the Wi-Fi chip for the first-generation iPhone almost two decades ago.
The company laid off 15 percent of its staff in August to reduce costs.
Last month, the chipmaker lost its spot in the Dow Jones Industrial Average to Nvidia.
