secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001835632-24-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell Q1 FY2025 revenue $1.161B, down 12% YoY; Q2 guidance above consensus on AI ramp
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000060/0001835632-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000060/mrvl-20240530.htm
  HTML page:      https://secwatch.observer/filing/0001835632-24-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer