Marvell Technology reported Q3 fiscal 2025 revenue of $1.516 billion, up 7% YoY and 19% QoQ, exceeding guidance by $66 million. The growth was primarily driven by strong AI-related demand, with data center revenue surging 98% YoY to $1.1 billion. However, the company posted a GAAP net loss of $676.3 million, while non-GAAP net income reached $373 million.The company's gross margin was 23.0% on a GAAP basis and 60.5% on a non-GAAP basis. Cash flow from operations remained strong at $536.3 million. Data center segment now represents 73% of total revenue, reflecting the company's successful pivot to AI infrastructure solutions.Looking ahead, Marvell forecasts Q4 revenue of $1.8 billion (±5%), expecting 26% YoY growth. Management anticipates continued momentum into fiscal 2026, supported by volume production of custom AI silicon programs and robust demand for cloud interconnect products.

Marvell Technology reported Q3 fiscal 2025 revenue of $1.516 billion, up 7% YoY and 19% QoQ, exceeding guidance by $66 million. The growth was primarily driven by strong AI-related demand, with data center revenue surging 98% YoY to $1.1 billion. However, the company posted a GAAP net loss of $676.3 million, while non-GAAP net income reached $373 million.The company's gross margin was 23.0% on a GAAP basis and 60.5% on a non-GAAP basis. Cash flow from operations remained strong at $536.3 million. Data center segment now represents 73% of total revenue, reflecting the company's successful pivot to AI infrastructure solutions.Looking ahead, Marvell forecasts Q4 revenue of $1.8 billion (±5%), expecting 26% YoY growth. Management anticipates continued momentum into fiscal 2026, supported by volume production of custom AI silicon programs and robust demand for cloud interconnect products.