Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial Results
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Marvell Technology, Inc. reported its Q3 FY2025 financial results, showing a 7% year-on-year revenue growth to $1.516 billion. The company reported a GAAP gross margin of 23.0% and a non-GAAP gross margin of 60.5%. The GAAP diluted loss per share was $(0.78), while the non-GAAP diluted income per share was $0.43.
December 03, 2024 | 9:30 pm
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Marvell Technology reported a 7% increase in Q3 FY2025 revenue to $1.516 billion. The company posted a GAAP gross margin of 23% and a non-GAAP gross margin of 60.5%. GAAP diluted loss per share was $(0.78), while non-GAAP diluted income per share was $0.43.
The 7% revenue growth and strong non-GAAP gross margin of 60.5% are positive indicators for Marvell Technology. Despite the GAAP loss per share, the non-GAAP income per share of $0.43 suggests underlying profitability, likely leading to a positive short-term impact on the stock price.
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IMPORTANCE 80
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