Summary by Moomoo AI
Marvell Technology, a leading supplier of data infrastructure semiconductor solutions, reported a net revenue of $1.3 billion for the second quarter of fiscal 2025, marking a 5% decrease from the same period in the previous year. This decline was attributed to reduced sales across most end markets, with significant drops in the carrier infrastructure, enterprise networking, consumer, and automotive/industrial sectors. However, this was partially offset by a 92% surge in data center sales, driven by strong demand for electro-optics products and initial shipments of custom AI compute products. Despite the overall revenue decline, the company's gross profit improved by 12.8% year-on-year for the quarter, due to a favorable shift in product mix and resolution of prior product-related claim matters...Show More
