secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001835632-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell Q4 revenue $1.427B above guidance; GAAP loss $(0.45)/share; non-GAAP EPS $0.46; AI data center rev up 54% YoY
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- Q4 revenue $1.427B, above midpoint, up 1% YoY; FY2024 revenue $5.508B.
- GAAP Q4 net loss $(392.7M) or $(0.45)/share; non-GAAP net income $401.6M or $0.46/share.
- Data center revenue surged 38% QoQ and 54% YoY, driven by AI demand.
- Q1 FY2025 guidance: revenue ~$1.150B (down ~19% QoQ); non-GAAP EPS $0.23 +/- $0.05.
- Expects soft near-term in consumer, carrier, enterprise networking; recovery in H2 FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000004/0001835632-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000004/mrvl-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001835632-24-000004

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