MRVL · Marvell Technology, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $2.07B | $2.01B | $1.16B | $1.52B | $1.27B | $1.32B | $1.42B | $1.34B | $1.45B |
| Cost of Revenue | $942.90M | $1.00B | $995.50M | $633.10M | $1.17B | $685.30M | $764.50M | $867.40M | $819.80M | $696.00M |
| Gross Profit | $952.40M | $1.07B | $1.01B | $527.80M | $349.40M | $587.60M | $557.20M | $551.20M | $521.10M | $750.90M |
| R&D | $507.70M | $512.50M | $519.00M | $476.10M | $488.60M | $486.70M | $480.70M | $481.10M | $474.80M | $444.10M |
| SG&A | $186.40M | $189.90M | $192.80M | $199.90M | $205.30M | $197.30M | $199.00M | $213.00M | $210.00M | $235.70M |
| Total Operating Expenses | $681.80M | $712.00M | $720.50M | $680.10M | $1.05B | $688.00M | $739.60M | $697.50M | $726.80M | $681.10M |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $270.60M | $357.80M | $290.10M | ($152.30M) | ($702.80M) | ($100.40M) | ($182.40M) | ($146.30M) | ($205.70M) | $69.80M |
| Interest Expense | $44.80M | $47.90M | $46.80M | $48.80M | $45.60M | $46.50M | $52.70M | $52.60M | $53.80M | $36.30M |
| Income Tax | $38.00M | $314.10M | $38.90M | $17.80M | ($74.20M) | $47.10M | ($63.40M) | ($23.20M) | ($44.10M) | $204.90M |
| Net Income | $177.90M | $1.90B | $194.80M | ($215.60M) | ($676.30M) | ($193.30M) | ($168.90M) | ($164.30M) | ($207.50M) | ($165.70M) |
| EPS - Basic | $0.21 | $2.22 | $0.23 | ($0.25) | ($0.78) | ($0.22) | ($0.20) | ($0.19) | ($0.24) | ($0.20) |
| EPS - Diluted | $0.20 | $2.20 | $0.22 | ($0.25) | ($0.78) | ($0.22) | ($0.20) | ($0.19) | ($0.24) | ($0.20) |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.64B | $2.71B | $1.22B | $948.30M | $868.10M | $808.70M | $950.80M | $725.60M | $423.40M | $911.00M |
| Accounts Receivable | $2.19B | $1.55B | $1.45B | $1.03B | $997.90M | $1.06B | $1.12B | $1.21B | $1.21B | $1.19B |
| Inventory | $1.39B | $1.01B | $1.05B | $1.03B | $859.40M | $817.80M | $864.40M | $941.50M | $1.02B | $1.07B |
| Accounts Payable | $1.07B | $633.70M | $610.70M | $622.20M | $538.10M | $453.40M | $411.30M | $419.10M | $412.80M | $465.80M |
| Current Assets | $6.46B | $5.51B | $4.51B | $3.12B | $2.82B | $2.76B | $3.06B | $2.97B | $2.77B | $3.28B |
| Total Assets | $22.29B | $21.58B | $20.59B | $20.20B | $19.72B | $20.29B | $21.23B | $21.71B | $21.75B | $22.52B |
| Current Liabilities | $3.22B | $2.74B | $2.40B | $2.03B | $1.76B | $1.55B | $1.81B | $1.88B | $2.69B | $2.39B |
| Long-term Debt | $3.97B | $3.97B | $3.97B | $3.93B | $3.97B | $4.00B | $4.06B | $4.09B | $3.13B | $3.91B |
| Total Liabilities | $7.98B | $7.52B | $7.16B | $6.78B | $6.34B | $6.09B | $6.40B | $6.48B | $6.36B | $6.88B |
| Stockholders' Equity | $14.31B | $14.06B | $13.42B | $13.43B | $13.37B | $14.20B | $14.83B | $15.23B | $15.39B | $15.64B |
| Retained Earnings | $1.36B | $1.01B | ($840.00M) | ($1.11B) | ($1.26B) | ($529.30M) | ($16.70M) | $427.90M | $644.00M | $1.12B |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $332.90M | - | - | $324.50M | - | - | $208.40M | - | - | $194.80M |
| Investing Cash Flow | ($94.10M) | - | - | ($101.90M) | - | - | ($102.70M) | - | - | ($82.40M) |
| Financing Cash Flow | ($301.20M) | - | - | ($325.70M) | - | - | $11.60M | - | - | ($260.90M) |
| CapEx | $118.80M | - | - | $91.50M | - | - | $99.80M | - | - | $36.90M |
| Free Cash Flow | $214.10M | - | - | $233.00M | - | - | $108.60M | - | - | $157.90M |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 50.3% | 51.6% | 50.4% | 45.5% | 23.0% | 46.2% | 42.2% | 38.9% | 38.9% | 51.9% |
| Operating margin | 14.3% | 17.2% | 14.5% | -13.1% | -46.4% | -7.9% | -13.8% | -10.3% | -15.3% | 4.8% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 9.4% | 91.7% | 9.7% | -18.6% | -44.6% | -15.2% | -12.8% | -11.6% | -15.5% | -11.5% |
| Free cash flow margin | 11.3% | - | - | 20.1% | - | - | 8.2% | - | - | 10.9% |
| FCF / Net income | 1.20 | - | - | -1.08 | - | - | -0.64 | - | - | -0.95 |
| R&D / Revenue | 26.8% | 24.7% | 25.9% | 41.0% | 32.2% | 38.2% | 36.4% | 33.9% | 35.4% | 30.7% |
| SG&A / Revenue | 9.8% | 9.2% | 9.6% | 17.2% | 13.5% | 15.5% | 15.1% | 15.0% | 15.7% | 16.3% |
| Effective tax rate | 17.6% | 14.2% | 16.6% | - | - | - | - | - | - | 522.7% |
| Return on assets | 0.8% | 8.8% | 0.9% | -1.1% | -3.4% | -1.0% | -0.8% | -0.8% | -1.0% | -0.7% |
| Return on equity | 1.2% | 13.5% | 1.5% | -1.6% | -5.1% | -1.4% | -1.1% | -1.1% | -1.3% | -1.1% |
| Return on invested capital | 1.2% | 1.7% | 1.4% | -0.7% | -3.2% | -0.4% | -0.8% | -0.6% | -0.9% | 0.2% |
| Liquidity | ||||||||||
| Current ratio | 2.01 | 2.01 | 1.88 | 1.54 | 1.60 | 1.79 | 1.69 | 1.58 | 1.03 | 1.37 |
| Quick ratio | 1.58 | 1.64 | 1.44 | 1.03 | 1.11 | 1.26 | 1.21 | 1.08 | 0.65 | 0.93 |
| Cash ratio | 0.82 | 0.99 | 0.51 | 0.47 | 0.49 | 0.52 | 0.52 | 0.39 | 0.16 | 0.38 |
| Leverage | ||||||||||
| Debt / Equity | 0.28 | 0.28 | 0.30 | 0.29 | 0.30 | 0.28 | 0.27 | 0.27 | 0.20 | 0.25 |
| Debt / Assets | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.19 | 0.19 | 0.14 | 0.17 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 6.0x | 7.5x | 6.2x | -3.1x | -15.4x | -2.2x | -3.5x | -2.8x | -3.8x | 1.9x |
| Equity multiplier | 1.56 | 1.54 | 1.53 | 1.50 | 1.47 | 1.43 | 1.43 | 1.43 | 1.41 | 1.44 |
| Liabilities / Assets | 0.36 | 0.35 | 0.35 | 0.34 | 0.32 | 0.30 | 0.30 | 0.30 | 0.29 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | 0.10 | 0.10 | 0.06 | 0.08 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 |
| Inventory turnover | 0.68 | 0.99 | 0.95 | 0.61 | 1.36 | 0.84 | 0.88 | 0.92 | 0.81 | 0.65 |
| Days sales outstanding | 421d | 272d | 264d | 323d | 240d | 304d | 310d | 313d | 329d | 301d |
| Days inventory outstanding | 537d | 369d | 386d | 594d | 269d | 436d | 413d | 396d | 452d | 560d |
| Days payable outstanding | 416d | 230d | 224d | 359d | 168d | 241d | 196d | 176d | 184d | 244d |
| Cash conversion cycle | 543d | 410d | 426d | 558d | 341d | 498d | 526d | 532d | 598d | 617d |
| Valuation | ||||||||||
| P / E | 394.6x | 42.6x | 338.4x | - | - | - | - | - | - | - |
| P / B | 4.8x | 5.8x | 4.8x | 7.3x | 5.5x | 3.6x | 3.9x | 2.7x | 3.6x | 2.4x |
| P / S | 36.5x | 39.0x | 32.3x | 84.1x | 48.4x | 40.3x | 43.8x | 28.7x | 41.7x | 25.9x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 63.3% | 36.8% | 57.6% | -12.2% | 6.9% | -5.1% | -8.7% | -7.7% | -11.6% | 108.6% |
| Revenue CAGR (3y) | 9.4% | 10.5% | 9.8% | 18.7% | 26.4% | 20.5% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 80.4% | 206.2% | 72.0% | -5.3% | -36.6% | 12.8% | -25.8% | -29.1% | -33.7% | 129.7% |
| Operating income growth (YoY) | - | - | - | 16.5% | -380.4% | 51.2% | - | - | - | - |
| Net income growth (YoY) | - | - | - | -27.6% | -311.6% | 6.8% | -1.9% | - | - | -46.6% |
| EPS growth (YoY) | - | - | - | -25.0% | -310.5% | 8.3% | 0.0% | - | - | -53.8% |
| EPS CAGR (3y) | - | 379.1% | 180.2% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -8.1% | - | - | 114.5% | - | - | -31.2% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.6% | 5.1% | -5.5% | -9.5% | -12.2% | -7.7% | -5.2% | -2.1% | -0.9% | -0.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$8.19B totalReportable Segment$8.19B · 100.0%
Product / service
$8.19B totalData Center$6.10B · 74.4%
Communications And Other$2.09B · 25.6%
Geographic
$8.19B totalCN$2.97B · 36.2%
Other Countries$2.39B · 29.2%
TW$1.66B · 20.2%
US$1.17B · 14.3%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing Marvell Technology against the 5 most active filers in the same SIC group.
Dividends
$0.24/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 10, 2026 | $0.0600 |
| Jan 9, 2026 | $0.0600 |
| Oct 10, 2025 | $0.0600 |
| Jul 11, 2025 | $0.0600 |
| Apr 11, 2025 | $0.0600 |
| Jan 10, 2025 | $0.0600 |
| Oct 11, 2024 | $0.0600 |
| Jul 12, 2024 | $0.0600 |
| Apr 11, 2024 | $0.0600 |
| Jan 4, 2024 | $0.0600 |
| Oct 5, 2023 | $0.0600 |
| Jul 6, 2023 | $0.0600 |
| Apr 5, 2023 | $0.0600 |
| Jan 5, 2023 | $0.0600 |
| Oct 6, 2022 | $0.0600 |
| Jul 7, 2022 | $0.0600 |
| Apr 7, 2022 | $0.0600 |
| Jan 6, 2022 | $0.0600 |
| Oct 7, 2021 | $0.0600 |
| Jul 8, 2021 | $0.0600 |
| Apr 8, 2021 | $0.0600 |
| Dec 22, 2020 | $0.0600 |
| Oct 8, 2020 | $0.0600 |
| Jul 10, 2020 | $0.0600 |