How They Make Money

How They Make Money

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How They Make Money
How They Make Money
πŸ“Š PRO: This Week in Visuals

πŸ“Š PRO: This Week in Visuals

MRVL, SNPS, LULU, VEEV, IOT, HPE, DOCU, CHWY, OKTA, GTLB, S, PATH, ASAN, SMAR

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App Economy Insights
Dec 07, 2024
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How They Make Money
How They Make Money
πŸ“Š PRO: This Week in Visuals
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Welcome to the Saturday PRO edition of How They Make Money.

Over 170,000 subscribers turn to us for business and investment insights.

In case you missed it:

  • πŸ›οΈ E-Commerce Unleashed

  • ☁️ Salesforce: The Agent Wave


  • πŸ“§ Free members get our Friday articles and sneak peeks.

  • πŸ’Œ Premium members receive monthly reports with 200+ companies visualized, one extra weekly article, and access to our archive.

  • πŸ’Ό PRO members enjoy everything in Premium, plus our Saturday timely coverage of the most important earnings of the past week.


Today at a glance:

  1. πŸ“Ά Marvell: Data Center Focus

  2. 🧠 Synopsys: Near-Term Slowdown

  3. 🎽 Lululemon: International Boost

  4. πŸ§‘β€βš•οΈ Veeva: Strong Execution

  5. 🌐 Samsara: High Expectations

  6. πŸ–₯️ HPE: AI-Driven Growth

  7. ✍️ DocuSign: Billings Surge

  8. 🐢 Chewy: Customer Decline

  9. πŸ” Okta: Confidence Returns

  10. πŸ› οΈ GitLab: Leadership Shift

  11. πŸ‘οΈ SentinelOne: Slow Margin Progress

  12. πŸ€– UiPath: Building AI Momentum

  13. πŸ“ Asana: AI Studio Announcement

  14. βœ… Smartsheet: Going Private


1. πŸ“Ά Marvell: Data Center Focus

Marvell Technology saw Q3 revenue grow 7% to $1.52 billion ($60 million beat), with adjusted earnings per share of $0.43 ($0.02 beat). A $750 million restructuring impacted the quarter (spread across cost of revenue and operating expenses) as management shifted focus toward the data center segment, where revenue was up 25% sequentially and nearly doubled year-over-year to $1.1 billion.

CEO Matt Murphyβ€”reportedly approached by Intel for its top roleβ€”highlighted strong demand for custom AI chips developed for hyperscalers like Amazon and Google as a key growth driver.

Looking ahead, Marvell issued guidance above consensus, forecasting Q4 revenue growth of 26% to $1.8 billion ($0.2 billion beat). AI-related products are expected to exceed $1.5 billion in FY25, with additional growth anticipated as new chips ramp for Amazon, Google, and Microsoft. While non-AI segments such as telecom and automotive face ongoing headwinds, Marvell’s strategic pivot toward AI has firmly positioned it as a leading player in the expanding data center chip market, driving its stock to a new all-time high.


2. 🧠 Synopsys: Near-Term Slowdown

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