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Jan 29, 2022
Marvell Q4 2022 Earnings Report
Reported record revenue with growth in all five end markets.
Key Takeaways
Marvell Technology, Inc. reported financial results for the fourth quarter and full fiscal year 2022. The company's Q4 net revenue was $1.343 billion, a 68% year-over-year increase, exceeding the midpoint of the company's guidance. GAAP net income for the quarter was $6 million, or $0.01 per diluted share, while non-GAAP net income was $429 million, or $0.50 per diluted share.
Q4 net revenue was $1.343 billion, up 68% year-over-year.
GAAP gross margin was 51.1%; non-GAAP gross margin was 65.3%.
GAAP diluted income per share was $0.01; non-GAAP diluted income per share was $0.50.
Revenue grew in all five end markets, with strong contributions from cloud, 5G and auto.
Revenue by Segment
Forward Guidance
Marvell expects net revenue of $1.425 billion +/- 3% for the first quarter of fiscal year 2023. GAAP gross margin is expected to be between 49.6% and 50.6%, while non-GAAP gross margin is expected to be between 65% and 66%.
Positive Outlook
- Net revenue is expected to be $1.425 billion +/- 3%.
- GAAP gross margin is expected to be 49.6% to 50.6%.
- Non-GAAP gross margin is expected to be 65% to 66%.
- GAAP diluted income per share is expected to be $0.01 +/- $0.04 per share.
- Non-GAAP diluted income per share is expected to be $0.51 +/- $0.03 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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