---
schema_version: "secwatch.filing_event.v1"
accession: "0001835632-23-000022"
form_type: "8-K"
ticker: "MRVL"
cik: "0001835632"
company_name: "Marvell Technology, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:55:23.583351+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marvell Q1 revenue $1.322B, beats guidance; Q2 outlook above consensus; AI revenue seen doubling in FY2024

## Summary
- Q1 net revenue $1.322B, down 9% YoY but $22M above guidance midpoint; GAAP EPS $(0.20), non-GAAP EPS $0.31.
- Non-GAAP gross margin 60.0%; cash flow from ops $208.4M.
- Q2 revenue guidance $1.330B ±5%, non-GAAP EPS $0.32 ±$0.05; expects sequential revenue growth.
- CEO says AI revenue in FY2024 expected to at least double from prior year, driven by network connectivity and cloud silicon.
- GAAP gross margin 42.2% reflecting amortization; non-GAAP opex guidance $455M.

## SEC filing metadata
- accession: 0001835632-23-000022
- form_type: 8-K
- ticker: MRVL
- cik: 0001835632
- company_name: Marvell Technology, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835632/000183563223000022/0001835632-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835632/000183563223000022/mrvl-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001835632-23-000022
- JSON: https://secwatch.observer/filing/0001835632-23-000022.json
- Plain text: https://secwatch.observer/filing/0001835632-23-000022.txt

## Key facts
- Earnings Releases
  Marvell Technology, Inc. reported first quarter of fiscal 2024 ended April 29, 2023 results: revenue $1.322 billion, net income $(168.9) million, EPS $(0.20) per diluted share. Guidance reaffirmed.
  - Period: first quarter of fiscal 2024 ended April 29, 2023
  - Revenue: $1.322 billion
  - Net income: $(168.9) million
  - EPS: $(0.20) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2024. Net revenue for the first quarter of fiscal 2024 was $1.322 billion, $22 million above the midpoint of the Company’s guidance provided on March 2, 2023. GAAP net loss for the first quarter of fiscal 2024 was $(168.9) million, or $(0.20) per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835632/000183563223000022/0001835632-23-000022-index.htm

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