Marvell Technology (MRVL) Revenue — Quarter Ended Jan 28, 2023
Revenue for the quarter declined from the previous quarter but rose from the same quarter last year. The sequential decrease reflects a pullback from the prior period's level, while the year-over-year increase indicates continued growth from a year ago.
Key takeaway
Quarter ended Jan 28, 2023 · FY2023 Q4
Revenue for the quarter declined from the previous quarter but rose from the same quarter last year. The sequential decrease reflects a pullback from the prior period's level, while the year-over-year increase indicates continued growth from a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-7.7%
Change from the immediately preceding quarter.
Year-over-year
+5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $1.4B | +73.8% |
| Jul 30, 2022 | $1.5B | +41.0% |
| Oct 29, 2022 | $1.5B | +26.9% |
| Jan 28, 2023 | $1.4B | +5.6% |
Revenue performance
The quarterly revenue was below the level of the immediately preceding quarter, marking a sequential contraction. It remained above the year-ago quarter's revenue, extending the positive year-over-year trend.
Quarterly comparison
Compared to the prior quarter, revenue decreased. Compared to the same quarter one year earlier, revenue increased.
What to watch
The pace of year-over-year growth has decelerated over recent quarters.