Marvell Technology, Inc. stock research
FY2024 Q4
Marvell Technology (MRVL) Gross Margin — Quarter Ended Feb 3, 2024
Revenue was stable compared to both the prior quarter and the same quarter last year. Gross profit and gross margin improved sequentially but weakened year-over-year, while the filing notes the company's liquidity position and debt management.
Gross margin takeaway
Quarter ended Feb 3, 2024 · FY2024 Q4
Revenue was stable compared to both the prior quarter and the same quarter last year. Gross profit and gross margin improved sequentially but weakened year-over-year, while the filing notes the company's liquidity position and debt management.
- The sequential improvement in gross margin was driven by a lower cost of revenue, as revenue remained unchanged.
- Compared to the prior quarter, gross margin improved; compared to the same quarter last year, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
46.6%
Gross profit
$664.1M
Revenue
$1.4B
Cost of revenue
$762.4M
Quarter-over-quarter change
+7.7 pts
Year-over-year change
-0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 29, 2023 | $1.3B | $557.2M | $764.5M | 42.2% |
| Jul 29, 2023 | $1.3B | $521.1M | $819.8M | 38.9% |
| Oct 28, 2023 | $1.4B | $551.2M | $867.4M | 38.9% |
| Feb 3, 2024 | $1.4B | $664.1M | $762.4M | 46.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 28, 2023
+7.7 pts
Year-over-year change
Jan 28, 2023
-0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin was driven by a lower cost of revenue, as revenue remained unchanged.
Compared to the prior quarter, gross margin improved; compared to the same quarter last year, gross margin weakened.
Monitor the trend in cost of revenue, as it was the primary factor affecting gross margin changes.