The following is a summary of the Marvell Technology, Inc. (MRVL) Q4 2024 Earnings Call Transcript:

Financial Performance:

Marvell Technology reported Q4 revenue of $1.43 billion, up 1% sequentially.
Gross margin increased by 330 basis points.
The quarterly earnings per share was $0.46, a sequential increase of 12%.
Data center revenue was a record $765 million, a year-over-year increase of 54%.
Fiscal 2024 reported revenue was $5.5 billion.
Company plans to increase stock repurchases in Q1 2025.

Business Progress:

Marvell is focusing on AI infrastructure and data center market for fiscal 2025.
Company continues collaborating with TSMC to develop 2-nanometer semiconductors for accelerated infrastructure.
Significant revenue contributions are expected from AI cloud optimized programs in fiscal 2025.
Successful product qualifications of 1.6T products supports this goal.
Plans to expand customer base in data center market with new design wins.
Reported double digit revenue growth in automotive sector from new ethernet design wins with automotive OEM companies.