Marvell Technology said net revenue for fiscal 2025 Q3 was $1.516 billion, up 7% from a year earlier and up 19% from the previous quarter. It said data center revenue was $1,101.1 million, up 98% year over year.

1. 01

   Marvell Technology said net revenue for fiscal 2025 Q3 was $1.516 billion, up 7% from a year earlier and up 19% from the previous quarter. It said data center revenue was $1,101.1 million, up 98% year over year.

2. 02

   The company disclosed a GAAP net loss of $(676.3) million ($(0.78) per share) for Q3, and said restructuring-related charges of $358.3 million were reflected in the results. Non-GAAP net income for the same quarter was $373.0 million ($0.43 per share).

3. 03

   Marvell Technology said GAAP gross margin for Q3 was 23.0% and non-GAAP gross margin was 60.5%. The GAAP figure included restructuring-related charges equal to 23.5% of gross margin.

4. 04

   The company disclosed net cash provided by operating activities of $536.3 million for Q3. In the same quarter, it used $200.0 million for share repurchases and $51.9 million for dividend payments.

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Original filing

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