Marvell 3q2024 financial results

Marvell 3q2024 financial results

@financepresentations
@financepresentations
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5 days ago 49

Marvell 3q2024 financial results

@financepresentations5 days ago

Financial and 
Business Results
Q3 FY25
December 3, 2024
1/33
© 2024 Marvell. All rights reserved. 2
Forward-looking statements
Except for statements of histor…
2/33
© 2024 Marvell. All rights reserved. 3
Non-GAAP financial measures
▪ During this presentation, we…
3/33
© 2024 Marvell. All rights reserved. 4
Fiscal year nomenclature
The Company’s fiscal year is the …
4/33
© 2024 Marvell. All rights reserved. 5
Recent announcements
DECEMBER 3, 2024
Marvell Announces I…
5/33
© 2024 Marvell. All rights reserved. 6
Record data center results, consolidated revenue above guid…
6/33
© 2024 Marvell. All rights reserved. 7
Revenue Q3 FY25
Results reflected strong data 
center gro…
7/33
© 2024 Marvell. All rights reserved. 8
Key metrics Q3 FY25 | GAAP
$1,419 $1,273 $1,516 38.9% 46.2…
8/33
© 2024 Marvell. All rights reserved. 9
Key metrics Q3 FY25 | Non-GAAP1
$1,419 $1,273 $1,516
60.6…
9/33
© 2024 Marvell. All rights reserved. 10
Q3 FY25 Summary P&L | GAAP
($ in millions, except per sha…
10/33
© 2024 Marvell. All rights reserved. 11
Q3 FY25 Summary P&L | Non-GAAP1
($ in millions, except pe…
11/33
© 2024 Marvell. All rights reserved. 12
Q3 FY25 Summary balance sheet items
($ in millions) Q3’24…
12/33
© 2024 Marvell. All rights reserved. 13
Data center end market Q3 FY25
Highlights
▪ Announced 5-…
13/33
© 2024 Marvell. All rights reserved. 14
Enterprise networking end market Q3 FY25
Highlights
▪ En…
14/33
© 2024 Marvell. All rights reserved. 15
Carrier infrastructure end market Q3 FY25
Highlights
▪ R…
15/33
© 2024 Marvell. All rights reserved. 16
Automotive / industrial end market Q3 FY25
Highlights
▪ …
16/33
© 2024 Marvell. All rights reserved. 17
($ in millions) Q3’24 Q2’25 Q3’25 Y/Y Q/Q
Data center $55…
17/33
© 2024 Marvell. All rights reserved. 18
Financial outlook
($ in millions, except per share data) …
18/33
© 2024 Marvell. All rights reserved. 19
Q3 FY25 Summary
Revenue
$1,516M
Up 7% y/y 
Data center…
19/33
© 2024 Marvell. All rights reserved. 20
Appendices
Reconciliations from GAAP to Non-GAAP
20/33
© 2024 Marvell. All rights reserved. 21
Non-GAAP financial measures exclude the effect of stock-ba…
21/33
© 2024 Marvell. All rights reserved. 22
Appendices
(Millions) (Unaudited) Q3’24 Q2’25 Q3’25
GAAP…
22/33
© 2024 Marvell. All rights reserved. 23
Appendices
(Unaudited) Q3’24 Q2’25 Q3’25
GAAP gross marg…
23/33
© 2024 Marvell. All rights reserved. 24
Appendices
Reconciliation of GAAP to Non-GAAP operating e…
24/33
© 2024 Marvell. All rights reserved. 25
Appendices
Reconciliation of GAAP operating margin to Non…
25/33
© 2024 Marvell. All rights reserved. 26
Appendices
Reconciliation of GAAP interest and other loss…
26/33
© 2024 Marvell. All rights reserved. 27
Appendices
Reconciliation of GAAP net loss to Non-GAAP ne…
27/33
© 2024 Marvell. All rights reserved. 28
Appendices
Reconciliation of GAAP net loss to Non-GAAP ne…
28/33
© 2024 Marvell. All rights reserved. 29
Appendices
Reconciliation of GAAP diluted net loss per sh…
29/33
© 2024 Marvell. All rights reserved. 30
Appendices
Reconciliation of GAAP outlook to Non-GAAP out…
30/33
© 2024 Marvell. All rights reserved. 31
Appendices
Reconciliation of GAAP outlook to Non-GAAP out…
31/33
© 2024 Marvell. All rights reserved. 32
Appendices
Reconciliation of GAAP outlook to Non-GAAP out…
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