Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2022 Financial Results

 

Quarterly Revenue Trend (Unaudited)

(In thousands)





Three Months Ended


% Change


May 1,
2021*


January 30,
2021


May 2,
2020


YoY


QoQ

Networking (1)

$

498,250



$

438,610



$

393,920



26

%


14

%

Storage (2)

302,918



326,412



258,688



17

%


(7)

%

   Total Core

801,168



765,022



652,608



23

%


5

%

Other (3)

31,111



32,797



41,033



(24)

%


(5)

%

Total Net Revenue

$

832,279



$

797,819



$

693,641



20

%


4

%


*Results for the three months ended May 1, 2021 include total Inphi revenue from the period of April 20, 2021 to May 1, 2021.

 


Three Months Ended

% of Total

May 1,
2021


January 30,
2021


May 2,
2020

Networking (1)

60

%


55

%


57

%

Storage (2)

36

%


41

%


37

%

   Total Core

96

%


96

%


94

%

Other (3)

4

%


4

%


6

%

Total Net Revenue

100

%


100

%


100

%



(1)

Networking products are comprised primarily of ethernet solutions, embedded processors, custom ASICs and electro-optics solutions.

(2)

Storage products are comprised primarily of storage controllers and fibre channel adapters.

(3)

Other products are comprised primarily of printer solutions.


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