Marvell Technology (MRVL) Revenue — Quarter Ended Nov 2, 2024
Revenue increased in the current quarter compared to the previous quarter. The company reported higher revenue than the same quarter a year ago.
Key takeaway
Quarter ended Nov 2, 2024 · FY2025 Q3
Revenue increased in the current quarter compared to the previous quarter. The company reported higher revenue than the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+19.1%
Change from the immediately preceding quarter.
Year-over-year
+6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.4B
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 |
|---|---|---|
| Feb 3, 2024 | $1.4B | +0.6% |
| May 4, 2024 | $1.2B | -12.2% |
| Aug 3, 2024 | $1.3B | -5.1% |
| Nov 2, 2024 | $1.5B | +6.9% |
Revenue performance
The reported revenue reflected an upward trajectory from the immediately preceding quarter, indicating a sequential improvement.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, marking a year-over-year increase. The sequential and annual trends both point to growth.
What to watch
The company's cash and cash equivalents decreased from the prior fiscal year-end, which may warrant monitoring.