Marvell Technology Group
Q1 2023 Earnings Call
May 26, 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 first quarter 2023 earnings conference call. [Operator instructions]. After today's presentation, there will be an opportunity to ask questions. 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 first 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 first quarter of fiscal 2023, the Marvell team drove another record level of revenue at $1.45 billion, exceeding the midpoint of guidance, growing 8% sequentially and 74% year over year. We saw continued strength in bookings in all our data infrastructure end markets.
Higher revenue achievement was primarily driven by our datacenter market with additional strength from carrier infrastructure and automotive results both of which were also above forecast. Due to supply chain-related impacts, results from our enterprise networking market were below our guidance. However, growth was still very strong with revenue growing a robust 64% year over year and 9% sequentially. The Marvell operations team did a great job in navigating a tight supply environment that was further compounded by COVID-related manufacturing challenges at our suppliers in certain geographies.