secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001835632-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell Q4 revenue $1.419B, up 6% YoY; guides Q1 revenue $1.3B, below Q4 run rate
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- Q4 net revenue $1.419B (+6% YoY); GAAP diluted loss $(0.02)/share, non-GAAP diluted EPS $0.46.
- Full FY2023 revenue $5.920B (+33% YoY); GAAP net loss $(164M), non-GAAP net income $1.822B.
- Q1 FY2024 guidance: revenue $1.300B ±5%; GAAP gross margin 45.1% ±1%; non-GAAP gross margin ~60%.
- Q1 GAAP diluted loss per share expected $(0.17) ±$0.05; non-GAAP diluted EPS $0.29 ±$0.05.
- CEO cites inventory corrections impacting Q1, expects normalization later in FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000183563223000007/0001835632-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000183563223000007/mrvl-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001835632-23-000007

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