Marvell Technology(MRVL) - 2024 Q4 - Annual Results

Exhibit 99.1 Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results • Q4 Net Revenue: $1.427 billion, grew by 1% year-on-year • Q4 Gross Margin: 46.6% GAAP gross margin; 63.9% non-GAAP gross margin • Q4 Diluted income (loss) per share: $(0.45) GAAP diluted loss per share; $0.46 non-GAAP diluted income per share Santa Clara, Calif. (March 7, 2024) - Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial result ...