On December 3, 2024, Marvell Technology announced its Q3 FY2025 financial results, reporting net revenue of $1.516 billion, a 7% YoY increase. The GAAP gross margin was 23.0%, while the non-GAAP gross margin reached 60.5%. The company reported a GAAP net loss of $676.3 million, or $(0.78) per diluted share, and a non-GAAP net income of $373.0 million, or $0.43 per diluted share.Marvell's revenue growth was driven by strong demand from AI, with a 19% sequential increase. The company forecasts another 19% sequential revenue growth for Q4 FY2025, expecting a 26% YoY increase. This growth is attributed to custom AI silicon programs and demand from cloud customers.For Q4 FY2025, Marvell expects net revenue of $1.800 billion +/- 5%, with a GAAP gross margin of approximately 50% and a non-GAAP gross margin of approximately 60%. The company anticipates GAAP diluted net income per share of $0.16 +/- $0.05 and non-GAAP diluted net income per share of $0.59 +/- $0.05.

On December 3, 2024, Marvell Technology announced its Q3 FY2025 financial results, reporting net revenue of $1.516 billion, a 7% YoY increase. The GAAP gross margin was 23.0%, while the non-GAAP gross margin reached 60.5%. The company reported a GAAP net loss of $676.3 million, or $(0.78) per diluted share, and a non-GAAP net income of $373.0 million, or $0.43 per diluted share.Marvell's revenue growth was driven by strong demand from AI, with a 19% sequential increase. The company forecasts another 19% sequential revenue growth for Q4 FY2025, expecting a 26% YoY increase. This growth is attributed to custom AI silicon programs and demand from cloud customers.For Q4 FY2025, Marvell expects net revenue of $1.800 billion +/- 5%, with a GAAP gross margin of approximately 50% and a non-GAAP gross margin of approximately 60%. The company anticipates GAAP diluted net income per share of $0.16 +/- $0.05 and non-GAAP diluted net income per share of $0.59 +/- $0.05.