Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2025 Financial Results

PR Newswire03-05

Q4 Net Revenue: $1.817 billion, grew by 27% year-on-year Q4 Gross Margin: 50.5% GAAP gross margin; 60.1% non-GAAP gross margin Q4 Diluted income per share: $0.23 GAAP diluted income per share; $0.60 ...

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Reports Fourth Quarter and Fiscal Year 2025 Financial Results","media":"PR Newswire","content":"<div>\n<p>Q4 Net Revenue: $1.817 billion, grew by 27% year-on-year\nQ4 Gross Margin: 50.5% GAAP gross margin; 60.1% non-GAAP gross margin\nQ4 Diluted income per share: $0.23 GAAP diluted income per share; $0.60 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/marvell-technology-inc-reports-fourth-210500513.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2025 Financial Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2025 Financial Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-06 05:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/marvell-technology-inc-reports-fourth-210500513.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Q4 Net Revenue: $1.817 billion, grew by 27% year-on-year\nQ4 Gross Margin: 50.5% GAAP gross margin; 60.1% non-GAAP gross margin\nQ4 Diluted income per share: $0.23 GAAP diluted income per share; $0.60 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/marvell-technology-inc-reports-fourth-210500513.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2272731865.HKD","symbol_name":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/marvell-technology-inc-reports-fourth-210500513.html","article_id":"2517692484","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/marvell-technology-inc-reports-fourth-210500513.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2517692484","pubTimestamp":1741208700,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Q4 Net Revenue: $1.817 billion, grew by 27% year-on-year. Q4 Gross Margin: 50.5% GAAP gross margin; 60.1% non-GAAP gross margin. Q4 Diluted income per share: $0.23 GAAP diluted income per share; $0.60 non-GAAP diluted income per share. SANTA CLARA, Calif., March 5, 2025 /PRNewswire/ -- Marvell Technology, Inc. , a leader in data infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and fiscal year ended February1, 2025.Net revenue for the fourth quarter of fiscal 2025 was $1.817 billion, $17.0 million above the mid-point of the Company's guidance provided on December 3, 2024. GAAP net income for the fourth quarter of fiscal 2025 was $200.2million, or $0.23 per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2025 was $531.4million, or $0.60 per diluted share. Cash flow from operations for the fourth quarter was $514.0million.Net revenue for fiscal 2025 was $5.767billion. GAAP net loss for fiscal 2025 was $ million, or ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4161":"工业机械","BK4515":"5G概念","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","RAN":"RanMarine Technology B.V.","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","BK4585":"ETF&股票定投概念","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","BK4543":"AI","LU0056508442.USD":"贝莱德世界科技基金A2","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4605":"半导体精选","BK4141":"半导体产品","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1261432733.SGD":"Fidelity World A-ACC-SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","MRVL":"迈威尔科技","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","BK4604":"机器人概念","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","BK4581":"高盛持仓","DCI":"唐纳森","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC"},"translate_title":"Marvell Technology,Inc.报告第四季度和2025财年财务业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCI":1,"MRVL":1,"RAN":1},"content_text":"Q4 Net Revenue: $1.817 billion, grew by 27% year-on-year\nQ4 Gross Margin: 50.5% GAAP gross margin; 60.1% non-GAAP gross margin\nQ4 Diluted income per share: $0.23 GAAP diluted income per share; $0.60 non-GAAP diluted income per share\n\nSANTA CLARA, Calif., March 5, 2025 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and fiscal year ended February 1, 2025.\nNet revenue for the fourth quarter of fiscal 2025 was $1.817 billion, $17.0 million above the mid-point of the Company's guidance provided on December 3, 2024. GAAP net income for the fourth quarter of fiscal 2025 was $200.2 million, or $0.23 per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2025 was $531.4 million, or $0.60 per diluted share. Cash flow from operations for the fourth quarter was $514.0 million.\nNet revenue for fiscal 2025 was $5.767 billion. GAAP net loss for fiscal 2025 was $(885.0) million, or $(1.02) per diluted share. Non-GAAP net income for fiscal 2025 was $1.377 billion, or $1.57 per diluted share.\n\"We closed fiscal year 2025 on a high note, delivering record fourth-quarter revenue of $1.817 billion – an increase of 20% sequentially and 27% year-over-year. This performance was driven by strong growth in our data center end market, where revenue increased 78% year-over-year in the fourth quarter, along with a continued recovery in our multi-market businesses. For the full fiscal year, we delivered a record $1.68 billion in operating cash flow and returned $933 million to stockholders through stock repurchases and dividends,\" said Matt Murphy, Marvell's Chairman and CEO. \"Our custom AI silicon programs have now entered volume production, and we continue to see strong growth from our interconnect products. Marvell has secured multiple new design wins, including several custom silicon programs that will fuel future growth. We are well positioned for a strong start to fiscal 2026. We expect first-quarter revenue growth of over 60 percent year-over-year at the mid-point of guidance, and we anticipate strong revenue growth for the full fiscal year.\"\nFirst Quarter of Fiscal 2026 Financial Outlook \n\nNet revenue is expected to be $1.875 billion +/- 5%.\nGAAP gross margin is expected to be approximately 50.5%.\nNon-GAAP gross margin is expected to be approximately 60%.\nGAAP operating expenses are expected to be approximately $712 million.\nNon-GAAP operating expenses are expected to be approximately $490 million.\nBasic weighted-average shares outstanding are expected to be 867 million.\nDiluted weighted-average shares outstanding are expected to be 880 million.\nGAAP diluted net income per share is expected to be $0.19 +/- $0.05 per share.\nNon-GAAP diluted net income per share is expected to be $0.61 +/- $0.05 per share.\n\nGAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding.\nConference Call\nMarvell will conduct a conference call on Wednesday, March 5, 2025 at 1:45 p.m. Pacific Time to discuss results for the fourth quarter and fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4h8OI7Q to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. A replay of the call can be accessed by dialing 1-888-660-6345 or 1-646-517-4150, passcode 19355# until Wednesday, March 12, 2025.\nDiscussion of Non-GAAP Financial Measures\nNon-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of future contractual obligations, employee severance costs, and facility exit related charges), resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell's core business. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell's revenues earned during the periods presented and are expected to contribute to Marvell's future period revenues as well.\nMarvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell's estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell's non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the fourth quarter of fiscal 2025, a non-GAAP tax rate of 7.0% has been applied to the non-GAAP financial results.\nMarvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance.\nExternally, management believes that investors may find Marvell's non-GAAP financial measures useful in their assessment of Marvell's operating performance and the valuation of Marvell. Internally, Marvell's non-GAAP financial measures are used in the following areas:\n\nManagement's evaluation of Marvell's operating performance;\nManagement's establishment of internal operating budgets;\nManagement's performance comparisons with internal forecasts and targeted business models; and\nManagement's determination of the achievement and measurement of certain types of compensation including Marvell's annual incentive plan and certain performance-based equity awards (adjustments may vary from award to award).\n\nNon-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent.\nForward-Looking Statements under the Private Securities Litigation Reform Act of 1995\nThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the \"Securities Act\"), and Section 21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"), which are subject to the \"safe harbor\" created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as \"anticipates,\" \"expects,\" \"intends,\" \"plans,\" \"projects,\" \"believes,\" \"seeks,\" \"estimates,\" \"forecasts,\" \"targets,\" \"may,\" \"can,\" \"will,\" \"would\" and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the Artificial Intelligence (AI), Cloud, and 5G markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks that our customers develop their own solutions, vertically integrate which may reduce the need for our products, or acquire fully developed solutions from third parties; our ability to secure design wins from our customers and prospective customers; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Gaza Strip) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; our ability to retain and hire key personnel; risks related to our return to working full time in the office as of June 2025; cybersecurity risks; our ability to limit costs related to defective products; risks related to our debt obligations; risks related to the rapid growth of the Company; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers' products outside of the United States; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers' ability to develop new and enhanced products and the adoption of those products in the market; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers' ability to ship their products, which in turn may adversely impact our sales to those customers; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the impact of the COVID-19 pandemic (or future pandemics) which have impacted, and for which lingering effects may continue to impact our business, employees and operations, the transportation and manufacturing of our products, and the operations of our customers, distributors, vendors, suppliers, and partners; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the \"Risk Factors\" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.\nAbout Marvell\nTo deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better.\nMarvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates.\n\n\n\n\nMarvell Technology, Inc. \n\n\nCondensed Consolidated Statements of Operations (Unaudited)  \n\n\n(In millions, except per share amounts)  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThree Months Ended \n\nYear Ended \n\n\n\n\nFebruary 1,2025 \n\nNovember 2,2024 \n\nFebruary 3,2024 \n\nFebruary 1,2025 \n\nFebruary 3,2024 \n\n\nNet revenue \n\n$      1,817.4 \n\n$      1,516.1 \n\n$      1,426.5 \n\n$      5,767.3 \n\n$      5,507.7 \n\n\nCost of goods sold \n\n900.0 \n\n1,166.7 \n\n762.4 \n\n3,385.1 \n\n3,214.1 \n\n\nGross profit \n\n917.4 \n\n349.4 \n\n664.1 \n\n2,382.2 \n\n2,293.6 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating expenses: \n\n\n\n\n\n\n\n\n\n\n\n\nResearch and development \n\n499.0 \n\n488.6 \n\n459.6 \n\n1,950.4 \n\n1,896.2 \n\n\nSelling, general and administrative \n\n195.7 \n\n205.3 \n\n212.0 \n\n798.2 \n\n834.0 \n\n\nRestructuring related charges \n\n(12.5) \n\n358.3 \n\n25.8 \n\n353.9 \n\n131.1 \n\n\nTotal operating expenses \n\n682.2 \n\n1,052.2 \n\n697.4 \n\n3,102.5 \n\n2,861.3 \n\n\nOperating income (loss) \n\n235.2 \n\n(702.8) \n\n(33.3) \n\n(720.3) \n\n(567.7) \n\n\nInterest expense \n\n(45.0) \n\n(47.2) \n\n(52.6) \n\n(189.4) \n\n(211.7) \n\n\nInterest income and other, net \n\n9.6 \n\n(0.5) \n\n(1.4) \n\n15.0 \n\n20.7 \n\n\nInterest and other loss, net \n\n(35.4) \n\n(47.7) \n\n(54.0) \n\n(174.4) \n\n(191.0) \n\n\nIncome (loss) before income taxes \n\n199.8 \n\n(750.5) \n\n(87.3) \n\n(894.7) \n\n(758.7) \n\n\nProvision (benefit) for income taxes \n\n(0.4) \n\n(74.2) \n\n305.4 \n\n(9.7) \n\n174.7 \n\n\nNet income (loss) \n\n$         200.2 \n\n$       (676.3) \n\n$       (392.7) \n\n$       (885.0) \n\n$       (933.4) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet income (loss) per share — basic \n\n$           0.23 \n\n$         (0.78) \n\n$         (0.45) \n\n$         (1.02) \n\n$         (1.08) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet income (loss) per share — diluted \n\n$           0.23 \n\n$         (0.78) \n\n$         (0.45) \n\n$         (1.02) \n\n$         (1.08) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWeighted-average shares: \n\n\n\n\n\n\n\n\n\n\n\n\nBasic \n\n865.7 \n\n865.7 \n\n864.7 \n\n865.5 \n\n861.3 \n\n\nDiluted \n\n879.9 \n\n865.7 \n\n864.7 \n\n865.5 \n\n861.3 \n\n\n\n\n\n\n\n\nMarvell Technology, Inc. \n\n\nCondensed Consolidated Balance Sheets (Unaudited)  \n\n\n(In millions) \n\n\n\n\n\n\n\n\n\n\n\nFebruary 1,2025 \n\nFebruary 3,2024 \n\n\nAssets \n\n\n\n\n\n\nCurrent assets: \n\n\n\n\n\n\nCash and cash equivalents \n\n$              948.3 \n\n$              950.8 \n\n\nAccounts receivable, net \n\n1,028.4 \n\n1,121.6 \n\n\nInventories \n\n1,029.7 \n\n864.4 \n\n\nPrepaid expenses and other current assets \n\n113.9 \n\n125.9 \n\n\nTotal current assets \n\n3,120.3 \n\n3,062.7 \n\n\nProperty and equipment, net \n\n790.5 \n\n756.0 \n\n\nGoodwill \n\n11,586.9 \n\n11,586.9 \n\n\nAcquired intangible assets, net \n\n2,710.6 \n\n4,004.1 \n\n\nDeferred tax assets \n\n401.2 \n\n311.9 \n\n\nOther non-current assets \n\n1,595.0 \n\n1,506.9 \n\n\nTotal assets \n\n$         20,204.5 \n\n$         21,228.5 \n\n\n\n\n\n\n\n\n\nLiabilities and Stockholders' Equity \n\n\n\n\n\n\nCurrent liabilities: \n\n\n\n\n\n\nAccounts payable \n\n$              622.2 \n\n$              411.3 \n\n\nAccrued liabilities \n\n972.6 \n\n1,032.9 \n\n\nAccrued employee compensation \n\n302.5 \n\n262.7 \n\n\nShort-term debt \n\n129.5 \n\n107.3 \n\n\nTotal current liabilities \n\n2,026.8 \n\n1,814.2 \n\n\nLong-term debt \n\n3,934.3 \n\n4,058.6 \n\n\nOther non-current liabilities \n\n816.4 \n\n524.3 \n\n\nTotal liabilities \n\n6,777.5 \n\n6,397.1 \n\n\n\n\n\n\n\n\n\nStockholders' equity: \n\n\n\n\n\n\nCommon stock \n\n1.7 \n\n1.7 \n\n\nAdditional paid-in capital \n\n14,534.1 \n\n14,845.3 \n\n\nAccumulated other comprehensive income \n\n0.4 \n\n1.1 \n\n\nAccumulated deficit \n\n(1,109.2) \n\n(16.7) \n\n\nTotal stockholders' equity \n\n13,427.0 \n\n14,831.4 \n\n\nTotal liabilities and stockholders' equity \n\n$         20,204.5 \n\n$         21,228.5 \n\n\n\n\n\n\n\n\nMarvell Technology, Inc. \n\n\nCondensed Consolidated Statements of Cash Flows (Unaudited)  \n\n\n(In millions) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThree Months Ended \n\nYear Ended \n\n\n\n\nFebruary 1,2025 \n\nFebruary 3,2024 \n\nFebruary 1,2025 \n\nFebruary 3,2024 \n\n\nCash flows from operating activities: \n\n\n\n\n\n\n\n\n\n\nNet income (loss) \n\n$          200.2 \n\n$        (392.7) \n\n$        (885.0) \n\n$        (933.4) \n\n\nAdjustments to reconcile net income (loss) to net cash provided by operating activities: \n\n\n\n\n\n\n\n\n\n\nDepreciation and amortization \n\n78.8 \n\n73.8 \n\n304.3 \n\n299.8 \n\n\nStock-based compensation \n\n147.6 \n\n155.3 \n\n597.4 \n\n609.8 \n\n\nAmortization of acquired intangible assets \n\n247.1 \n\n286.3 \n\n1,052.6 \n\n1,097.9 \n\n\nRestructuring related impairment charges \n\n4.7 \n\n0.7 \n\n528.8 \n\n32.9 \n\n\nDeferred income taxes \n\n(5.7) \n\n434.5 \n\n(111.9) \n\n150.8 \n\n\nOther expense, net \n\n23.8 \n\n15.0 \n\n65.9 \n\n54.9 \n\n\nChanges in assets and liabilities, net of acquisitions: \n\n\n\n\n\n\n\n\n\n\nAccounts receivable \n\n(30.5) \n\n93.0 \n\n93.2 \n\n70.6 \n\n\nPrepaid expenses and other assets \n\n(172.8) \n\n(107.5) \n\n3.4 \n\n(93.1) \n\n\nInventories \n\n(169.8) \n\n78.8 \n\n(230.0) \n\n201.9 \n\n\nAccounts payable \n\n71.7 \n\n(61.6) \n\n181.5 \n\n(149.1) \n\n\nAccrued employee compensation \n\n31.6 \n\n17.6 \n\n43.5 \n\n18.3 \n\n\nAccrued liabilities and other non-current liabilities \n\n87.3 \n\n(46.6) \n\n37.5 \n\n9.2 \n\n\nNet cash provided by operating activities \n\n514.0 \n\n546.6 \n\n1,681.2 \n\n1,370.5 \n\n\nCash flows from investing activities: \n\n\n\n\n\n\n\n\n\n\nPurchases of technology licenses \n\n(0.8) \n\n(10.6) \n\n(7.0) \n\n(13.9) \n\n\nPurchases of property and equipment \n\n(69.9) \n\n(71.0) \n\n(284.6) \n\n(336.3) \n\n\nAcquisitions, net of cash acquired \n\n— \n\n— \n\n(10.4) \n\n— \n\n\nOther, net \n\n0.4 \n\n(0.1) \n\n1.3 \n\n(0.3) \n\n\nNet cash used in investing activities \n\n(70.3) \n\n(81.7) \n\n(300.7) \n\n(350.5) \n\n\nCash flows from financing activities: \n\n\n\n\n\n\n\n\n\n\nRepurchases of common stock \n\n(200.0) \n\n(100.0) \n\n(725.0) \n\n(150.0) \n\n\nProceeds from employee stock plans \n\n35.2 \n\n38.1 \n\n87.6 \n\n99.2 \n\n\nTax withholding paid on behalf of employees for net share settlement \n\n(84.6) \n\n(55.0) \n\n(274.9) \n\n(223.7) \n\n\nDividend payments to stockholders \n\n(51.9) \n\n(51.9) \n\n(207.5) \n\n(206.8) \n\n\nPayments on technology license obligations \n\n(29.2) \n\n(40.1) \n\n(153.6) \n\n(150.3) \n\n\nProceeds from borrowings \n\n— \n\n— \n\n— \n\n1,295.3 \n\n\nPrincipal payments of debt \n\n(32.8) \n\n(21.9) \n\n(109.4) \n\n(1,622.5) \n\n\nOther, net \n\n(0.2) \n\n(8.9) \n\n(0.2) \n\n(21.4) \n\n\nNet cash used in financing activities \n\n(363.5) \n\n(239.7) \n\n(1,383.0) \n\n(980.2) \n\n\nNet increase (decrease) in cash and cash equivalents \n\n80.2 \n\n225.2 \n\n(2.5) \n\n39.8 \n\n\nCash and cash equivalents at beginning of period \n\n868.1 \n\n725.6 \n\n950.8 \n\n911.0 \n\n\nCash and cash equivalents at end of period \n\n$          948.3 \n\n$          950.8 \n\n$          948.3 \n\n$          950.8 \n\n\n\n\n\n\n\n\nMarvell Technology, Inc. \n\n\nReconciliations from GAAP to Non-GAAP (Unaudited)  \n\n\n(In millions, except per share amounts)  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThree Months Ended \n\nYear Ended \n\n\n\n\nFebruary 1,2025 \n\nNovember 2,2024 \n\nFebruary 3,2024 \n\nFebruary 1,2025 \n\nFebruary 3,2024 \n\n\nGAAP gross profit \n\n$     917.4 \n\n$     349.4 \n\n$     664.1 \n\n$  2,382.2 \n\n$  2,293.6 \n\n\nSpecial items: \n\n\n\n\n\n\n\n\n\n\n\n\nStock-based compensation \n\n10.1 \n\n16.3 \n\n10.4 \n\n47.3 \n\n49.1 \n\n\nAmortization of acquired intangible assets \n\n169.5 \n\n180.4 \n\n194.3 \n\n721.7 \n\n748.1 \n\n\nRestructuring related charges (a) \n\n1.1 \n\n356.8 \n\n— \n\n357.9 \n\n— \n\n\nOther cost of goods sold (b) \n\n(6.1) \n\n14.2 \n\n42.3 \n\n11.5 \n\n280.1 \n\n\nTotal special items \n\n174.6 \n\n567.7 \n\n247.0 \n\n1,138.4 \n\n1,077.3 \n\n\nNon-GAAP gross profit \n\n$  1,092.0 \n\n$     917.1 \n\n$     911.1 \n\n$  3,520.6 \n\n$  3,370.9 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP gross margin \n\n50.5 % \n\n23.0 % \n\n46.6 % \n\n41.3 % \n\n41.6 % \n\n\nStock-based compensation \n\n0.6 % \n\n1.1 % \n\n0.7 % \n\n0.8 % \n\n0.9 % \n\n\nAmortization of acquired intangible assets \n\n9.3 % \n\n11.9 % \n\n13.6 % \n\n12.5 % \n\n13.6 % \n\n\nRestructuring related charges (a) \n\n0.1 % \n\n23.5 % \n\n— % \n\n6.2 % \n\n— % \n\n\nOther cost of goods sold (b) \n\n(0.4) % \n\n1.0 % \n\n3.0 % \n\n0.2 % \n\n5.1 % \n\n\nNon-GAAP gross margin \n\n60.1 % \n\n60.5 % \n\n63.9 % \n\n61.0 % \n\n61.2 % \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal GAAP operating expenses \n\n$     682.2 \n\n$  1,052.2 \n\n$     697.4 \n\n$  3,102.5 \n\n$  2,861.3 \n\n\nSpecial items: \n\n\n\n\n\n\n\n\n\n\n\n\nStock-based compensation \n\n(137.5) \n\n(142.1) \n\n(144.9) \n\n(550.1) \n\n(560.7) \n\n\nAmortization of acquired intangible assets \n\n(77.6) \n\n(84.5) \n\n(92.0) \n\n(330.9) \n\n(349.8) \n\n\nRestructuring related charges (a) \n\n12.5 \n\n(358.3) \n\n(25.8) \n\n(353.9) \n\n(131.1) \n\n\nOther (c) \n\n(0.2) \n\n(0.4) \n\n(6.2) \n\n(11.7) \n\n(47.5) \n\n\nTotal special items \n\n(202.8) \n\n(585.3) \n\n(268.9) \n\n(1,246.6) \n\n(1,089.1) \n\n\nTotal non-GAAP operating expenses \n\n$     479.4 \n\n$     466.9 \n\n$     428.5 \n\n$  1,855.9 \n\n$  1,772.2 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP operating margin \n\n12.9 % \n\n(46.4) % \n\n(2.3) % \n\n(12.5) % \n\n(10.3) % \n\n\nStock-based compensation \n\n8.1 % \n\n10.5 % \n\n10.9 % \n\n10.4 % \n\n11.1 % \n\n\nAmortization of acquired intangible assets \n\n13.6 % \n\n17.5 % \n\n20.1 % \n\n18.3 % \n\n19.9 % \n\n\nRestructuring related charges (a) \n\n(0.6) % \n\n47.2 % \n\n1.8 % \n\n12.3 % \n\n2.4 % \n\n\nOther cost of goods sold (b) \n\n(0.3) % \n\n0.9 % \n\n3.0 % \n\n0.2 % \n\n5.1 % \n\n\nOther (c) \n\n— % \n\n— % \n\n0.3 % \n\n0.2 % \n\n0.8 % \n\n\nNon-GAAP operating margin  \n\n33.7 % \n\n29.7 % \n\n33.8 % \n\n28.9 % \n\n29.0 % \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP interest and other loss, net \n\n$      (35.4) \n\n$      (47.7) \n\n$      (54.0) \n\n$   (174.4) \n\n$   (191.0) \n\n\nSpecial items: \n\n\n\n\n\n\n\n\n\n\n\n\nOther (c) \n\n(5.8) \n\n(1.4) \n\n(1.3) \n\n(9.3) \n\n(13.9) \n\n\nTotal special items \n\n(5.8) \n\n(1.4) \n\n(1.3) \n\n(9.3) \n\n(13.9) \n\n\nTotal non-GAAP interest and other loss, net \n\n$      (41.2) \n\n$      (49.1) \n\n$      (55.3) \n\n$   (183.7) \n\n$   (204.9) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP net income (loss) \n\n$     200.2 \n\n$   (676.3) \n\n$   (392.7) \n\n$   (885.0) \n\n$   (933.4) \n\n\nSpecial items: \n\n\n\n\n\n\n\n\n\n\n\n\nStock-based compensation \n\n147.6 \n\n158.4 \n\n155.3 \n\n597.4 \n\n609.8 \n\n\nAmortization of acquired intangible assets \n\n247.1 \n\n264.9 \n\n286.3 \n\n1,052.6 \n\n1,097.9 \n\n\nRestructuring related charges (a) \n\n(11.4) \n\n715.1 \n\n25.8 \n\n711.8 \n\n131.1 \n\n\nOther cost of goods sold (b) \n\n(6.1) \n\n14.2 \n\n42.3 \n\n11.5 \n\n280.1 \n\n\nOther (c) \n\n(5.6) \n\n(1.0) \n\n4.9 \n\n2.4 \n\n33.6 \n\n\nPre-tax total special items \n\n371.6 \n\n1,151.6 \n\n514.6 \n\n2,375.7 \n\n2,152.5 \n\n\nOther income tax effects and adjustments (d) \n\n(40.4) \n\n(102.3) \n\n279.7 \n\n(113.4) \n\n91.0 \n\n\nNon-GAAP net income \n\n$     531.4 \n\n$     373.0 \n\n$     401.6 \n\n$  1,377.3 \n\n$  1,310.1 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP weighted-average shares — basic \n\n865.7 \n\n865.7 \n\n864.7 \n\n865.5 \n\n861.3 \n\n\nGAAP weighted-average shares — diluted \n\n879.9 \n\n865.7 \n\n864.7 \n\n865.5 \n\n861.3 \n\n\nNon-GAAP weighted-average shares — diluted (e) \n\n879.9 \n\n875.5 \n\n873.9 \n\n876.8 \n\n869.3 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGAAP diluted net income (loss) per share \n\n$       0.23 \n\n$      (0.78) \n\n$      (0.45) \n\n$      (1.02) \n\n$      (1.08) \n\n\nNon-GAAP diluted net income per share \n\n$       0.60 \n\n$       0.43 \n\n$       0.46 \n\n$       1.57 \n\n$       1.51 \n\n\n\n\n\n\n\n\n\n\n\n\n(a) \nRestructuring and other related items include asset impairment charges, recognition of future contractual obligations, employee severance costs, facility exit related charges, and other. \n\n\n\n\n\n\n(b) \nOther cost of goods sold includes charges for an intellectual property licensing claim, product claim related matters that were fully resolved in the fourth quarter of fiscal 2024, and acquisition integration related inventory costs. \n\n\n\n\n\n\n(c) \nOther costs in operating expenses and interest and other loss, net include gain or loss on investments and asset acquisition related costs. \n\n\n\n\n\n\n(d) \nOther income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 7.0% for the three months and year ended February 1, 2025, and three months ended November 2, 2024. Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 6.0% for the three months and year ended February 3, 2024. In the three months and year ended February 3, 2024, we excluded $289 million and $158 million, respectively, of non-recurring income tax expense. \n\n\n\n\n\n\n(e) \nNon-GAAP diluted weighted-average shares differs from GAAP diluted weighted-average shares due to the non-GAAP net income reported. \n\n\n\n\n\n\n\n\nMarvell Technology, Inc. \n\n\nOutlook for the First Quarter of Fiscal Year 2026 \n\n\nReconciliations from GAAP to Non-GAAP (Unaudited) \n\n\n(In millions, except per share amounts) \n\n\n\n\n\n\n\n\n\n\n\nOutlook for Three Months Ended May 3, 2025 \n\n\nGAAP net revenue \n $1,875 +/- 5% \n\n\nSpecial items: \n— \n\n\nNon-GAAP net revenue \n$1,875 +/- 5% \n\n\n\n\n\n\nGAAP gross margin \n~ 50.5% \n\n\nSpecial items: \n\n\n\nStock-based compensation \n0.5 % \n\n\nAmortization of acquired intangible assets \n9.0 % \n\n\nNon-GAAP gross margin \n~ 60% \n\n\n\n\n\n\nTotal GAAP operating expenses \n~ $712 \n\n\nSpecial items: \n\n\n\nStock-based compensation \n144 \n\n\nAmortization of acquired intangible assets \n76 \n\n\nRestructuring related charges and other \n2 \n\n\nTotal non-GAAP operating expenses \n~ $490 \n\n\n\n\n\n\n\n\n\n\nGAAP diluted net income per share \n$0.19 +/- $0.05 \n\n\nSpecial items: \n\n\n\nStock-based compensation \n0.18 \n\n\nAmortization of acquired intangible assets \n0.28 \n\n\nOther income tax effects and adjustments \n(0.04) \n\n\nNon-GAAP diluted net income per share \n$0.61 +/- $0.05 \n\n\n\n\nQuarterly Revenue Trend (Unaudited)\nOur product solutions serve five large end markets where our technology is essential: (i) data center, (ii) enterprise networking, (iii) carrier infrastructure, (iv) consumer, and (v) automotive/industrial. These markets and their corresponding customer products and applications are noted in the table below:\n\n\n\n\nEnd market \nCustomer products and applications \n\n\nData center \n•          Cloud and on-premise Artificial intelligence (AI) systems •          Cloud and on-premise ethernet switching •          Cloud and on-premise network-attached storage (NAS) •          Cloud and on-premise AI servers •          Cloud and on-premise general-purpose servers •          Cloud and on-premise storage area networks •          Cloud and on-premise storage systems •          Data center interconnect (DCI) \n\n\nEnterprise networking \n•          Campus and small medium enterprise routers •          Campus and small medium enterprise ethernet switches •          Campus and small medium enterprise wireless access points (WAPs) •          Network appliances (firewalls, and load balancers) •          Workstations \n\n\nCarrier infrastructure \n•          Broadband access systems •          Ethernet switches •          Optical transport systems •          Routers •          Wireless radio access network (RAN) systems \n\n\nConsumer \n•          Broadband gateways and routers •          Gaming consoles •          Home data storage •          Home wireless access points (WAPs) •          Personal Computers (PCs) •          Printers •          Set-top boxes \n\n\nAutomotive/industrial \n•          Advanced driver-assistance systems (ADAS) •          Autonomous vehicles (AV) •          In-vehicle networking •          Industrial ethernet switches •          United States military and government solutions •          Video surveillance \n\n\n\n\n\n\n\n\nQuarterly Revenue Trend (Unaudited) (Continued) \n\n\n\n\n\n\nThree Months Ended \n\n% Change \n\n\nRevenue by End Market (In millions) \nFebruary 1,2025 \n\nNovember 2,2024 \n\nFebruary 3,2024 \n\nYoY \n\nQoQ \n\n\nData center \n$                          1,365.8 \n\n$                          1,101.1 \n\n$                             765.3 \n\n78 % \n\n24 % \n\n\nEnterprise networking \n171.4 \n\n150.9 \n\n265.0 \n\n(35) % \n\n14 % \n\n\nCarrier infrastructure \n105.8 \n\n84.7 \n\n170.0 \n\n(38) % \n\n25 % \n\n\nConsumer \n88.7 \n\n96.5 \n\n143.9 \n\n(38) % \n\n(8) % \n\n\nAutomotive/industrial \n85.7 \n\n82.9 \n\n82.3 \n\n4 % \n\n3 % \n\n\nTotal Net Revenue \n$                          1,817.4 \n\n$                          1,516.1 \n\n$                          1,426.5 \n\n27 % \n\n20 % \n\n\n\n\n\n\n\n\n\n\nThree Months Ended \n\n\nRevenue by End Market % of Total \n\n\n\n\nFebruary 1,2025 \n\nNovember 2,2024 \n\nFebruary 3,2024 \n\n\nData center \n\n\n\n\n75 % \n\n73 % \n\n54 % \n\n\nEnterprise networking \n\n\n\n\n9 % \n\n10 % \n\n19 % \n\n\nCarrier infrastructure \n\n\n\n\n6 % \n\n6 % \n\n12 % \n\n\nConsumer \n\n\n\n\n5 % \n\n6 % \n\n10 % \n\n\nAutomotive/industrial \n\n\n\n\n5 % \n\n5 % \n\n5 % \n\n\nTotal Net Revenue \n\n\n\n\n100 % \n\n100 % \n\n100 % \n\n\n\n\nFor further information, contact:Ashish SaranSenior Vice President, Investor Relations408-222-0777ir@marvell.com\n\n\n\n\n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/marvell-technology-inc-reports-fourth-quarter-and-fiscal-year-2025-financial-results-302393619.html\nSOURCE Marvell","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2517692484"}