earnings
confidence high
sentiment positive
materiality 0.75
Marvell Q1 FY2025 revenue $1.161B, down 12% YoY; Q2 guidance above consensus on AI ramp
Marvell Technology, Inc.
2025-Q1 EPS reported
-$0.25
revenue$1,160,900,000
- Q1 net revenue $1.161B, down 12% YoY; GAAP EPS ($0.25), non-GAAP EPS $0.24.
- Data center revenue grew 87% YoY driven by AI; custom AI programs starting to ramp.
- Q2 revenue guidance $1.250B +/-5%, 8% sequential growth; non-GAAP EPS $0.29 +/- $0.05.
- Cash flow from operations $324.5M.
- GAAP gross margin 45.5%; non-GAAP gross margin 62.4%.