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As of the most recent data point for Q3'26 (2025-11-01), MRVL's current contract liabilities have dropped to 0 USD, marking a significant decrease from the previous quarter's value of 41.3M USD. This sharp decline is notable given the prior quarters' values, which generally ranged between 22.1M USD and 56.9M USD. Over the period from Q4'23 (2023-01-28) to Q3'26 (2025-11-01), MRVL's current contract liabilities displayed a volatile trend with several fluctuations. After peaking at 56.9M USD in Q3'24, the liabilities trended downward, hitting a low of 22.1M USD in Q4'25 before rebounding slightly and then falling to zero in the latest quarter. This pattern suggests significant variability in contract activity, with the most recent quarter indicating either a fulfillment of outstanding contracts or a shift in business operations.