The company said net revenue for 2025 fiscal year Q2 (ended August 3, 2024) was $1.273 billion, down (5)% year over year. It also said revenue rose 10% from the previous quarter.

1. 01

   The company said net revenue for 2025 fiscal year Q2 (ended August 3, 2024) was $1.273 billion, down (5)% year over year. It also said revenue rose 10% from the previous quarter.

2. 02

   The company disclosed that data center end market revenue for Q2 was $880.9 million, up 92% year over year, and accounted for 69% of total net revenue. Over the same period, enterprise networking fell 54% and carrier infrastructure fell 72%.

3. 03

   Marvell said its GAAP net loss for Q2 was $(193.3) million ($(0.22) per diluted share), and its non-GAAP net income was $266.2 million ($0.30 per share). GAAP gross margin was 46.2%, and non-GAAP gross margin was 61.9%.

4. 04

   The company said it expects net revenue for Q3 of the 2025 fiscal year to be $1.450 billion +/- 5%, non-GAAP diluted income per share of $0.40 +/- $0.05, and GAAP diluted loss per share of $(0.09) +/- $0.05. It also said it expects all end markets to grow sequentially.

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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