Marvell Technology (MRVL) Revenue — Quarter Ended Apr 29, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The sequential and year-over-year decreases reflect a continued downward trend from the prior period.
Key takeaway
Quarter ended Apr 29, 2023 · FY2024 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The sequential and year-over-year decreases reflect a continued downward trend from the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
-6.8%
Change from the immediately preceding quarter.
Year-over-year
-8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
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 |
|---|---|---|
| Jul 30, 2022 | $1.5B | +41.0% |
| Oct 29, 2022 | $1.5B | +26.9% |
| Jan 28, 2023 | $1.4B | +5.6% |
| Apr 29, 2023 | $1.3B | -8.7% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, marking a sequential decline. The year-over-year comparison also showed a reduction relative to the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue was lower, continuing the pattern of sequential declines seen in recent periods. The year-over-year comparison also showed a decrease, consistent with the broader trend over the past year.
What to watch
Monitor whether the sequential revenue decline persists in the coming quarter.