Marvell Technology said net revenue for fiscal 2025 was $5.8 billion, 5% higher than net revenue of $5.5 billion in fiscal 2024. Sales from the data center end market increased 88%, while sales from the carrier infrastructure end market decreased 68%, sales from the enterprise networking and consumer end markets each decreased 49%, and sales from the automotive/industrial end market decreased 17%.

1. 01

   Marvell Technology said net revenue for fiscal 2025 was $5.8 billion, 5% higher than net revenue of $5.5 billion in fiscal 2024. Sales from the data center end market increased 88%, while sales from the carrier infrastructure end market decreased 68%, sales from the enterprise networking and consumer end markets each decreased 49%, and sales from the automotive/industrial end market decreased 17%.

2. 02

   The company said it initiated a restructuring plan in the third quarter of fiscal 2025 to increase research and development investment in the data center end market and reduce investment in new product development in other end markets. For the year ended February 1, 2025, it recognized restructuring related charges of $711.8 million.

3. 03

   Marvell Technology said net cash provided by operating activities for fiscal 2025 was $1.7 billion, higher than $1.4 billion in fiscal 2024. It adjusted net loss of $885.0 million for non-cash items including amortization of intangible assets of $1.1 billion and stock-based compensation expense of $597.4 million.

4. 04

   The company said it repurchased 9.0 million shares of its common stock for $725.0 million in fiscal 2025 and paid cash dividends of $207.5 million, returning a total of $932.5 million to stockholders. As of February 1, 2025, $2.6 billion remained available for future stock repurchases.

Key figures

Fiscal year ended February 1, 2025

Revenue

$5.8B

Operating income

−$720M

Net income

−$885M

EPS

−$1.02

Gross profit

$2.4B

Operating cash flow

$1.7B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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