Marvell Technology (MRVL) Revenue — Quarter Ended Feb 3, 2024
Revenue in the latest quarter remained essentially flat compared with the immediately preceding quarter and the same quarter one year earlier. The trend data show that sequential declines over the prior three quarters have leveled off.
Key takeaway
Quarter ended Feb 3, 2024 · FY2024 Q4
Revenue in the latest quarter remained essentially flat compared with the immediately preceding quarter and the same quarter one year earlier. The trend data show that sequential declines over the prior three quarters have leveled off.
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
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 29, 2023 | $1.3B | -8.7% |
| Jul 29, 2023 | $1.3B | -11.6% |
| Oct 28, 2023 | $1.4B | -7.7% |
| Feb 3, 2024 | $1.4B | +0.6% |
Revenue performance
Reported revenue was approximately unchanged from both the prior quarter and the year-ago period, indicating a stabilization after consecutive sequential decreases.
Quarterly comparison
The preceding quarter showed a decline, whereas the most recent quarter posted essentially no change. A year earlier, revenue was also at a similar level, reinforcing a pattern of flat year-over-year performance.
What to watch
Monitor whether the current flat revenue trajectory persists or pivots, as the prior three quarters experienced sequential declines.