Marvell Technology reported a 7% YoY increase in net revenue for Q3 FY2025, reaching $1.5 billion, primarily driven by a 98% surge in data center sales due to strong AI demand. However, the company faced a net loss of 44.6% of revenue, impacted by restructuring charges and decreased sales in other markets. The company returned $680.6 million to shareholders through stock repurchases and dividends.Management highlighted robust demand in the data center market, while noting challenges in the carrier infrastructure and enterprise networking sectors due to inventory corrections. The company is focusing on long-term capacity reservations with foundries to secure future growth. A restructuring plan was initiated to enhance R&D investment in the data center market, resulting in significant restructuring charges.Looking ahead, Marvell Technology anticipates continued impact from U.S. export restrictions on Chinese customers, which may affect revenue. The company remains committed to its stock repurchase program, with $2.8 billion available for future buybacks, and expects to maintain liquidity through cash on hand and operating activities.

Marvell Technology reported a 7% YoY increase in net revenue for Q3 FY2025, reaching $1.5 billion, primarily driven by a 98% surge in data center sales due to strong AI demand. However, the company faced a net loss of 44.6% of revenue, impacted by restructuring charges and decreased sales in other markets. The company returned $680.6 million to shareholders through stock repurchases and dividends.Management highlighted robust demand in the data center market, while noting challenges in the carrier infrastructure and enterprise networking sectors due to inventory corrections. The company is focusing on long-term capacity reservations with foundries to secure future growth. A restructuring plan was initiated to enhance R&D investment in the data center market, resulting in significant restructuring charges.Looking ahead, Marvell Technology anticipates continued impact from U.S. export restrictions on Chinese customers, which may affect revenue. The company remains committed to its stock repurchase program, with $2.8 billion available for future buybacks, and expects to maintain liquidity through cash on hand and operating activities.