The company said fourth-quarter February 3, 2024 net revenue was $1.427 billion and full-year net revenue was $5.508 billion. It said GAAP net loss for Q4 was $(392.7) million, and GAAP net loss for the full year was $(933.4) million.

1. 01

   The company said fourth-quarter February 3, 2024 net revenue was $1.427 billion and full-year net revenue was $5.508 billion. It said GAAP net loss for Q4 was $(392.7) million, and GAAP net loss for the full year was $(933.4) million.

2. 02

   Marvell said data center end-market revenue for Q4 was $765.3 million, up 38% from the prior quarter and 54% from a year earlier. The company also reported that carrier infrastructure revenue in the same quarter was $170.0 million, down 46% from the prior quarter.

3. 03

   The company reported full-year net cash provided by operating activities of $1,370.5 million and $546.6 million for the fourth quarter of fiscal Q4. Cash and cash equivalents as of February 3, 2024 were $950.8 million.

4. 04

   The company gave net revenue outlook of $1.150 billion +/- 5% for the first quarter of fiscal 2025 (Q1). It also gave non-GAAP gross margin of 62.0% to 63.0%, and GAAP diluted loss per share of $(0.23) +/- $0.05.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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