Gross Profit Comparison: Marvell Technology, Inc. and Seagate Technology Holdings plc Trends

Marvell's rise and Seagate's fall: A decade of tech evolution.

__timestampMarvell Technology, Inc.Seagate Technology Holdings plc
Wednesday, January 1, 201417501700003846000000
Thursday, January 1, 201518632570003809000000
Friday, January 1, 201612310920002615000000
Sunday, January 1, 201712881470003174000000
Monday, January 1, 201814619400003364000000
Tuesday, January 1, 201914583920002932000000
Wednesday, January 1, 202013569410002842000000
Friday, January 1, 202114883500002917000000
Saturday, January 1, 202220642250003469000000
Sunday, January 1, 202329875000001351000000
Monday, January 1, 202422936000001546000000
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Data in motion

A Tale of Two Tech Giants: Marvell vs. Seagate

In the ever-evolving landscape of technology, Marvell Technology, Inc. and Seagate Technology Holdings plc have been pivotal players. Over the past decade, these companies have showcased contrasting trends in their gross profit margins. From 2014 to 2023, Marvell's gross profit surged by approximately 71%, peaking in 2023, while Seagate experienced a decline of around 65% during the same period. This divergence highlights Marvell's strategic advancements in semiconductor solutions, contrasting with Seagate's challenges in the data storage sector. Notably, 2022 marked a turning point for Marvell, with a significant 39% increase in gross profit compared to the previous year. Meanwhile, Seagate's gross profit plummeted by 61% in 2023, reflecting industry shifts and competitive pressures. As we look to the future, these trends underscore the dynamic nature of the tech industry and the importance of innovation and adaptation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025