Marvell Technology, Inc. stock research
FY2025 Q4
Marvell Technology (MRVL) Gross Margin — Quarter Ended Feb 1, 2025
Revenue was higher sequentially and versus the same quarter last year, while cost of revenue decreased sequentially but increased year-over-year. Gross profit rose in both comparisons, resulting in gross margin improvement from the prior quarter and from the year-ago period.
Gross margin takeaway
Quarter ended Feb 1, 2025 · FY2025 Q4
Revenue was higher sequentially and versus the same quarter last year, while cost of revenue decreased sequentially but increased year-over-year. Gross profit rose in both comparisons, resulting in gross margin improvement from the prior quarter and from the year-ago period.
- The relationship between revenue and cost of revenue shifted favorably: revenue grew while cost of revenue declined from the prior quarter, leading a pronounced gross margin increase. The strongest observable driver is the sequential reduction in cost of revenue relative to revenue.
- Compared to the immediately preceding quarter, revenue increased and cost of revenue decreased, leading to a higher gross profit and an improved gross margin. Versus the same quarter one year earlier, revenue and cost of revenue both increased, but gross profit and gross margin were higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
50.5%
Gross profit
$917.4M
Revenue
$1.8B
Cost of revenue
$900.0M
Quarter-over-quarter change
+27.4 pts
Year-over-year change
+3.9 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 |
|---|---|---|---|---|
| May 4, 2024 | $1.2B | $527.8M | $633.1M | 45.5% |
| Aug 3, 2024 | $1.3B | $587.6M | $685.3M | 46.2% |
| Nov 2, 2024 | $1.5B | $349.4M | $1.2B | 23.0% |
| Feb 1, 2025 | $1.8B | $917.4M | $900.0M | 50.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Nov 2, 2024
+27.4 pts
Year-over-year change
Feb 3, 2024
+3.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relationship between revenue and cost of revenue shifted favorably: revenue grew while cost of revenue declined from the prior quarter, leading a pronounced gross margin increase. The strongest observable driver is the sequential reduction in cost of revenue relative to revenue.
Compared to the immediately preceding quarter, revenue increased and cost of revenue decreased, leading to a higher gross profit and an improved gross margin. Versus the same quarter one year earlier, revenue and cost of revenue both increased, but gross profit and gross margin were higher.
Monitor whether cost of revenue continues to move differently from revenue in future periods.