Technology · Semiconductors

Marvell Technology, Inc.

NASDAQMRVL ISINUS5738741041 SEC CIK0001835632 Listed on NASDAQ · USD

$164.52 -4.28 (-2.54%) Pre-market $157.17 (-6.89%) ≈ ₹15,440 a share

Open chart

Price, last 12 months+85.66% in a year

Key numbers

Market value: $144.45B
P/E (TTM): 54.3
Forward P/E: 29.2
EPS (TTM): $3.03
Dividend yield: 0.15%
Beta: 2.33
Day range: $155.97 – $165.24
52-week range: $70.69 – $329.88
Volume: 8,027,492
10-day avg volume: $42.53M
Revenue (TTM): $9.45B
EBITDA (TTM): $2.92B
Gross margin: 52.2%
Net margin: 27.9%
Return on equity: 16.5%
Debt / equity: 26.8%
Price / sales: 15.28
Shares out: 877.99M

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$1.42B$-146.30M$-164.30M

Oct 23

$1.43B$-33.30M$-392.70M

Feb 24

$1.16B$-152.30M$-215.60M

May 24

$1.27B$-100.40M$-193.30M

Aug 24

$1.52B$-702.80M$-676.30M

Nov 24

$1.82B$235.20M$200.20M

Feb 25

$1.90B$270.60M$177.90M

May 25

$2.01B$290.10M$194.80M

Aug 25

$2.07B$357.80M$1.90B

Nov 25

$2.22B$404.40M$396.10M

Jan 26

$2.42B$339.40M$34.50M

May 26

$2.74B$459.70M$308.00M

Aug 26

Revenue · YoY (vs a year ago)

—————+27%+63%+58%+37%—+28%+37%

Net income · YoY (vs a year ago)

—————+151%+183%+201%+381%—-81%+58%

RevenueOperating incomeNet incomeLine = trend

US$	Oct 23	Feb 24	May 24	Aug 24	Nov 24	Feb 25	May 25	Aug 25	Nov 25	Jan 26	May 26	Aug 26
Revenue	$1.42B	$1.43B	$1.16B	$1.27B	$1.52B	$1.82B	$1.90B	$2.01B	$2.07B	$2.22B	$2.42B	$2.74B
Cost of revenue	$867.40M	$762.40M	$633.10M	$685.30M	$1.17B	$900.00M	$942.90M	$995.50M	$1.00B	$1.07B	$1.16B	$1.28B
Gross profit	$551.20M	$664.10M	$527.80M	$587.60M	$349.40M	$917.40M	$952.40M	$1.01B	$1.07B	$1.15B	$1.26B	$1.46B
Gross margin	38.9%	46.6%	45.5%	46.2%	23.0%	50.5%	50.3%	50.4%	51.6%	51.7%	52.1%	53.1%
Research & development	$481.10M	$459.60M	$476.10M	$486.70M	$488.60M	$499.00M	$507.70M	$519.00M	$512.50M	$536.00M	$652.30M	$741.10M
Selling, general & admin	$213.00M	$212.00M	$199.90M	$197.30M	$205.30M	$195.70M	$186.40M	$192.80M	$189.90M	$198.00M	$258.40M	$257.60M
Operating income	$-146.30M	$-33.30M	$-152.30M	$-100.40M	$-702.80M	$235.20M	$270.60M	$290.10M	$357.80M	$404.40M	$339.40M	$459.70M
Operating margin	-10.3%	-2.3%	-13.1%	-7.9%	-46.4%	12.9%	14.3%	14.5%	17.2%	18.2%	14.0%	16.8%
Interest expense	$52.60M	$52.60M	$48.80M	$48.40M	$47.20M	$45.00M	$48.70M	$51.90M	$51.20M	$50.80M	$52.80M	$61.60M
Income tax	$-23.20M	$305.40M	$17.80M	$47.10M	$-74.20M	$-400.00K	$38.00M	$38.90M	$314.10M	$-14.50M	$48.80M	$70.30M
Net income	$-164.30M	$-392.70M	$-215.60M	$-193.30M	$-676.30M	$200.20M	$177.90M	$194.80M	$1.90B	$396.10M	$34.50M	$308.00M
Net margin	-11.6%	-27.5%	-18.6%	-15.2%	-44.6%	11.0%	9.4%	9.7%	91.7%	17.9%	1.4%	11.2%
EPS (diluted)	$-0.19	—	$-0.25	$-0.22	$-0.78	—	$0.20	$0.22	$2.20	—	$0.04	$0.33

Income statement

Results for each year

7 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$2.70B$1.36B$1.58B

FY20

$2.97B$1.49B$-277.30M

FY21

$4.46B$2.06B$-421.00M

FY22

$5.92B$2.99B$-163.50M

FY23

$5.51B$2.29B$-933.40M

FY24

$5.77B$2.38B$-885.00M

FY25

$8.19B$4.18B$2.67B

FY26

Revenue · YoY (vs a year ago)

—+10.0%+50%+33%-7.0%+4.7%+42%

Net income · YoY (vs a year ago)

—-118%-52%+61%-471%+5.2%+402%

RevenueGross profitNet incomeLine = trend

$2.34

FY20

$-0.41

FY21

$-0.53

FY22

$-0.19

FY23

$-1.08

FY24

$-1.02

FY25

$3.07

FY26

EPS (diluted) · YoY (vs a year ago)

—-118%-29%+64%-468%+5.6%+401%

EPS (diluted)Line = trend

US$	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$2.70B	$2.97B	$4.46B	$5.92B	$5.51B	$5.77B	$8.19B
Revenue growth	—	10.0%	50.3%	32.7%	-7.0%	4.7%	42.1%
Cost of revenue	$1.34B	$1.48B	$2.40B	$2.93B	$3.21B	$3.39B	$4.01B
Gross profit	$1.36B	$1.49B	$2.06B	$2.99B	$2.29B	$2.38B	$4.18B
Gross margin	50.3%	50.1%	46.3%	50.5%	41.6%	41.3%	51.0%
Research & development	$1.08B	$1.07B	$1.42B	$1.78B	$1.90B	$1.95B	$2.08B
Selling, general & admin	—	—	$955.30M	$843.60M	$834.00M	$798.20M	$767.10M
Operating income	$-243.36M	$-258.40M	$-347.70M	$238.00M	$-567.70M	$-720.30M	$1.32B
Operating margin	-9.0%	-8.7%	-7.8%	4.0%	-10.3%	-12.5%	16.1%
Depreciation & amortisation	$156.66M	$197.90M	$265.90M	$304.90M	—	—	—
Interest expense	$85.63M	$69.30M	$139.30M	$170.60M	$211.70M	$189.40M	$202.60M
Pre-tax income	$798.38M	$-322.20M	$-483.50M	$85.10M	$-758.70M	$-894.70M	$3.05B
Income tax	$-786.01M	$-44.90M	$-62.50M	$248.60M	$174.70M	$-9.70M	$376.50M
Tax rate	-98.5%	—	—	292.1%	—	—	12.4%
Net income	$1.58B	$-277.30M	$-421.00M	$-163.50M	$-933.40M	$-885.00M	$2.67B
Net margin	58.7%	-9.3%	-9.4%	-2.8%	-16.9%	-15.3%	32.6%
EPS (diluted)	$2.34	$-0.41	$-0.53	$-0.19	$-1.08	$-1.02	$3.07

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$8.68B$647.60M

FY20

$8.44B$1.19B$748.47M

FY21

$15.70B$4.55B$613.50M

FY22

$15.64B$4.49B$911.00M

FY23

$14.83B$4.06B$950.80M

FY24

$13.43B$3.93B$948.30M

FY25

$14.31B$4.47B$2.64B

FY26

Shareholders' equity · YoY (vs a year ago)

—-2.8%+86%-0.4%-5.2%-9.5%+6.6%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & equivalents	$647.60M	$748.47M	$613.50M	$911.00M	$950.80M	$948.30M	$2.64B
Current assets	—	$1.62B	$2.49B	$3.28B	$3.06B	$3.12B	$6.46B
Total assets	—	$10.76B	$22.11B	$22.52B	$21.23B	$20.20B	$22.29B
Current liabilities	—	$1.08B	$1.39B	$2.39B	$1.81B	$2.03B	$3.22B
Long-term debt	—	$993.17M	$4.48B	$3.91B	$4.06B	$3.93B	$3.97B
Short-term debt	—	$199.64M	$63.20M	$584.40M	—	—	$499.80M
Total debt	—	$1.19B	$4.55B	$4.49B	$4.06B	$3.93B	$4.47B
Total liabilities	—	$2.33B	$6.41B	$6.88B	$6.40B	$6.78B	$7.98B
Shareholders' equity	$8.68B	$8.44B	$15.70B	$15.64B	$14.83B	$13.43B	$14.31B
Current ratio	—	1.50	1.80	1.37	1.69	1.54	2.01
Debt / equity	—	0.14	0.29	0.29	0.27	0.29	0.31
Return on equity	18.3%	-3.3%	-2.7%	-1.0%	-6.3%	-6.6%	18.7%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$360.30M$278.38M$523.85M

FY20

$817.30M$710.50M$185.80M

FY21

$819.30M$650.10M$191.00M

FY22

$1.29B$1.08B$319.40M

FY23

$1.37B$1.03B$356.80M

FY24

$1.68B$1.40B$932.50M

FY25

$1.75B$1.40B$2.25B

FY26

Operating cash flow · YoY (vs a year ago)

—+127%+0.2%+57%+6.3%+23%+4.1%

Free cash flow · YoY (vs a year ago)

—+155%-8.5%+67%-4.5%+35%0.0%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash from operations	$360.30M	$817.30M	$819.30M	$1.29B	$1.37B	$1.68B	$1.75B
Capital spending	$-81.92M	$-106.80M	$-169.20M	$-206.20M	$-336.30M	$-284.60M	$-354.10M
Free cash flow	$278.38M	$710.50M	$650.10M	$1.08B	$1.03B	$1.40B	$1.40B
FCF margin	10.3%	23.9%	14.6%	18.3%	18.8%	24.2%	17.0%
Stock-based pay	$242.21M	$241.50M	$460.70M	$552.40M	$609.80M	$597.40M	$590.80M
Cash from investing	$558.85M	$-119.60M	$-3.75B	$-328.40M	$-350.50M	$-300.70M	$2.10B
Cash from financing	$-853.95M	$-596.80M	$2.79B	$-662.90M	$-980.20M	$-1.38B	$-2.16B
Dividends paid	$-159.57M	$-160.60M	$-191.00M	$-204.40M	$-206.80M	$-207.50M	$-205.10M
Share buybacks	$-364.27M	$-25.20M	$0	$-115.00M	$-150.00M	$-725.00M	$-2.04B

About

About Marvell Technology, Inc.

Marvell Technology, Inc. is an American company, headquartered in Santa Clara, California, which develops and produces semiconductors and related technology. Founded in 1995, the company had close to 7,500 employees as of 2026, with over 10,000 patents worldwide, and an annual revenue of $8.2 billion for fiscal 2026.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Marvell Technology, Inc.
Ticker: MRVL
Exchange: NASDAQ
ISIN: US5738741041
SEC CIK: 0001835632
Sector: Technology
Industry: Semiconductors
SEC industry (SIC): Semiconductors & Related Devices (3674)
Incorporated in: Delaware
Financial year ends: 30 January
Filer type: Large accelerated filer
Latest annual report (10-K): 11 Mar 2026
CEO: Matthew J. Murphy
Chair: Matthew J. Murphy
Headquarters: Santa Clara
Address: 1000 N. West Street, Suite 1200, Wilmington, De 19801
Founded: 1995
Employees: 7,480
Trades in: US dollars (USD)
Website: marvell.com

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Marvell Technology, Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

Peers