How did MRVL's revenue and expenses shift in Q4 2025?

Marvell Technology's revenue and expenses in Q4 2025 are not available from the provided data. However, we can infer key points about the company's financial performance and outlook from the available information.

1. **Revenue Performance**:
- Marvell reported a record fourth-quarter revenue of $1.817 billion for Q4 2025.
- This represents a 27% year-on-year growth and a 20% sequential increase.
- The data center end market was particularly strong, with revenue growing by 78% year-on-year and 24% sequentially, driven by custom AI silicon programs and high-volume production of complex chips.
2. **Gross Margin and Profitability**:
- The company achieved a GAAP gross margin of 50.5% and a non-GAAP gross margin of 60.1% in Q4 2025.
- Diluted income per share was $0.23 on a GAAP basis and $0.60 on a non-GAAP basis.
3. **Cash Flow and Capital Returns**:
- Marvell generated $514 million in cash flow from operations in Q4 2025.
- The company returned $933 million to stockholders through stock repurchases and dividends in fiscal 2025.
4. **Market Position and Outlook**:
- Marvell's data center end market accounted for 75% of consolidated revenue in Q4 2025.
- The company anticipates strong year-on-year revenue growth in fiscal 2026, forecasting revenue growth of over 60% year-on-year in the first quarter.
- Marvell is positioning itself for continued growth through strategic investments in custom AI silicon, interconnect technologies, and expanded manufacturing capabilities.

In conclusion, Marvell Technology experienced significant revenue growth in Q4 2025, driven by strong performance in its data center end market and successful ramp of complex custom silicon programs. The company's gross margins were robust, and it maintained a healthy cash flow. Looking ahead, Marvell is well-positioned for further growth, with strategic investments aligning with the expanding AI and data infrastructure markets.