Marvell Technology (MRVL) Revenue — Quarter Ended Aug 3, 2024
Revenue increased sequentially but decreased compared to the same quarter last year. The quarterly performance shows a rebound from the prior period's decline while still trailing the year-ago level.
Key takeaway
Quarter ended Aug 3, 2024 · FY2025 Q2
Revenue increased sequentially but decreased compared to the same quarter last year. The quarterly performance shows a rebound from the prior period's decline while still trailing the year-ago level.
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
+9.6%
Change from the immediately preceding quarter.
Year-over-year
-5.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 28, 2023 | $1.4B | -7.7% |
| Feb 3, 2024 | $1.4B | +0.6% |
| May 4, 2024 | $1.2B | -12.2% |
| Aug 3, 2024 | $1.3B | -5.1% |
Revenue performance
The sequential revenue growth marks a recovery from the prior quarter's decline, driven by improved demand in certain segments.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose, but when measured against the same quarter one year earlier, it was lower. This reflects ongoing year-over-year headwinds despite the recent uptick.
What to watch
Monitor whether the sequential growth can be sustained in coming quarters and if year-over-year declines can narrow.