---
schema_version: "secwatch.filing_event.v1"
accession: "0001835632-22-000050"
form_type: "8-K"
ticker: "MRVL"
cik: "0001835632"
company_name: "Marvell Technology, Inc."
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T11:09:56.408457+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marvell Q3 record revenue $1.54B, up 27% YoY; GAAP EPS $0.02, non-GAAP $0.57; Q4 rev guidance $1.4B

## Summary
- Q3 revenue $1.537B (record, +27% YoY); GAAP net income $13M ($0.02 EPS); non-GAAP net income $492M ($0.57 EPS).
- GAAP gross margin 50.6%; non-GAAP gross margin 64.0%; operating cash flow $411M.
- Storage customer inventory reductions impacting near-term; Q4 revenue guidance $1.400B +/-5%.
- Q4 non-GAAP EPS guidance $0.46 +/- $0.05; GAAP EPS ~$0.00; non-GAAP gross margin ~64%.

## SEC filing metadata
- accession: 0001835632-22-000050
- form_type: 8-K
- ticker: MRVL
- cik: 0001835632
- company_name: Marvell Technology, Inc.
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835632/000183563222000050/0001835632-22-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835632/000183563222000050/mrvl-20221201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001835632-22-000050
- JSON: https://secwatch.observer/filing/0001835632-22-000050.json
- Plain text: https://secwatch.observer/filing/0001835632-22-000050.txt

## Key facts
- Earnings Releases
  Marvell Technology, Inc. reported the fourth quarter of fiscal 2023 results: revenue $1.400 billion +/- 5%, EPS $0.46 +/- $0.05 per share.
  - Period: the fourth quarter of fiscal 2023
  - Revenue: $1.400 billion +/- 5%
  - EPS: $0.46 +/- $0.05 per share
  - Result: guidance update
  source text: Net revenue is expected to be $1.400 billion +/- 5%. • GAAP gross margin is expected to be 49.2% +/- 1%. • Non-GAAP gross margin is expected to be approximately 64.0%. • GAAP operating expenses are expected to be approximately $646 million. • Non-GAAP operating expenses are expected to be approximately $430 million. • Basic weighted average shares outstanding are expected to be 855 million. • Diluted weighted average shares outstanding are expected to be 861 million. • GAAP diluted income per share is expected to be $0.00 +/- $0.05 per share. • Non-GAAP diluted income per share is expected to be $0.46 +/- $0.05 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835632/000183563222000050/0001835632-22-000050-index.htm
- Earnings Releases
  Marvell Technology, Inc. reported the third quarter of fiscal 2023 ended October 29, 2022 results: revenue $1.537 billion, net income $13 million, EPS $0.02 per diluted share.
  - Period: the third quarter of fiscal 2023 ended October 29, 2022
  - Revenue: $1.537 billion
  - Net income: $13 million
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: Net revenue for the third quarter of fiscal 2023 was $1.537 billion, at the lower end of the Company’s guidance provided on August 25, 2022. GAAP net income for the third quarter of fiscal 2023 was $13 million, or $0.02 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835632/000183563222000050/0001835632-22-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.