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State: 17.08.2024 | 11PM
Thu, 29.08.2024       Marvell Technology
US5738741041

Q2 Net Revenue: $1.273 billion, declined by (5)% year-on-yearQ2 Gross Margin: 46.2% GAAP gross margin; 61.9% non-GAAP gross marginQ2 Diluted income (loss) per share: $(0.22) GAAP diluted loss per share; $0.30 non-GAAP diluted income per share

SANTA CLARA, Calif., Aug. 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2025.

Net revenue for the second quarter of fiscal 2025 was $1.273 billion, $23.0 million above the mid-point of the Company's guidance provided on May 30, 2024. GAAP net loss for the second quarter of fiscal 2025 was $(193.3) million, or $(0.22) per diluted share. Non-GAAP net income for the second quarter of fiscal 2025 was $266.2 million, or $0.30 per diluted share. Cash flow from operations for the second quarter was $306.4 million.

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