Marvell Technology (MRVL) Revenue — Quarter Ended Jul 29, 2023
Revenue for the quarter declined compared with the same quarter one year earlier. The sequential trend shows a modest increase from the immediately preceding quarter.
Key takeaway
Quarter ended Jul 29, 2023 · FY2024 Q2
Revenue for the quarter declined compared with the same quarter one year earlier. The sequential trend shows a modest increase from the immediately preceding quarter.
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
+1.5%
Change from the immediately preceding quarter.
Year-over-year
-11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 |
|---|---|---|
| Oct 29, 2022 | $1.5B | +26.9% |
| Jan 28, 2023 | $1.4B | +5.6% |
| Apr 29, 2023 | $1.3B | -8.7% |
| Jul 29, 2023 | $1.3B | -11.6% |
Revenue performance
Reported revenue decreased relative to the prior-year period, reflecting a continuation of the year-over-year decline seen recently. On a sequential basis, however, revenue improved from the previous quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Compared with the same quarter one year earlier, revenue decreased.
What to watch
The sequential revenue improvement may warrant monitoring for a potential trend change.