Marvell Technology Group
Q2 2023 Earnings Call
Aug 25, 2022, 4:45 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to Marvell Technology's fiscal second quarter 2023 earnings conference call. All participants will be in listen-only mode. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr.
Ashish Saran, senior vice president of investor relations. Please go ahead.
Ashish Saran -- Vice President, Investor Relations
Thank you, and good afternoon, everyone. Welcome to Marvell's second quarter fiscal year 2023 earnings call. Joining me today are Matt Murphy, Marvell's president and CEO; and Jean Hu, our CFO. Let me remind everyone that certain comments made today may include forward-looking statements, which are subject to significant risks and uncertainties that could cause our actual results to differ materially from management's current expectations.
Please review the cautionary statements and risk factors contained in our earnings press release, which we filed with the SEC today and posted on our website, as well as our most recent 10-K and 10-Q filings. We do not intend to update our forward-looking statements. During our call today, we will refer to certain non-GAAP financial measures. A reconciliation between our GAAP and non-GAAP financial measures is available in the investor relations section of our website.
With that, I'll turn the call over to Matt for his comments on our performance. Matt?
Matt Murphy -- President and Chief Executive Officer
Thanks, Ashish, and good afternoon, everyone. In the second quarter of fiscal 2023, the Marvell team drove another record level of revenue at $1.52 billion, growing 41% year over year and 5% sequentially. Revenue on an annualized run rate exceeded $6 billion, a significant achievement for Marvell. Revenue collectively from our four data infrastructure-focused end markets grew 49% year over year and 7% sequentially, reaching a new high of 89% of our total revenue.
Moving on to the rest of the income statement. Our GAAP gross margin was 51.8%, GAAP operating margin was 2.6%, and GAAP EPS was $0.01. Our non-GAAP gross margin was 65%, and our non-GAAP operating margin hit a new record at 36.5% of revenue. Disciplined opex management helped drive our non-GAAP earnings per share to $0.57, above the midpoint of guidance.