Press release
Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2025 Financial Results
Q4 Net Revenue: $1.817 billion, grew by 27% year-on-yearQ4 Gross Margin: 50.5% GAAP gross margin; 60.1% non-GAAP gross marginQ4 Diluted income per share:
About this update from Marvell Technology, Inc.
[{"type":"text","content":"Q4 Net Revenue: $1.817 billion, grew by 27% year-on-yearQ4 Gross Margin: 50.5% GAAP gross margin; 60.1% non-GAAP gross marginQ4 Diluted income per share: $0.23 GAAP diluted income per share; $0.60 non-GAAP diluted income per shareSANTA 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 \nNet revenue is expected to be $1.875 billion +/- 5%.GAAP gross margin is expected to be approximately 50.5%.Non-GAA...