Marvell Technology MRVL financials

Semiconductors · Statements and segments from its SEC filings, 2020 to 2026.

Marvell Technology revenue, gross and operating margin, net income, free cash flow, cash and debt by quarter and by fiscal year, and revenue by segment, read from the company's own filings with the US Securities and Exchange Commission. Free to everyone; the Risk & Quality report that scores the company is the paid step.

revenue by product: Data center, Communications and other, Enterprise networking, Carrier infrastructure, Consumer, Automotive/industrial
revenue by region: China, Other, Taiwan, United States, Malaysia, Thailand, Singapore, Japan, Philippines, Finland, Netherlands

The numbers

Annual figures

Line	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$2.7B	$3B	$4.5B	$5.9B	$5.5B	$5.8B	$8.2B
Gross profit	$1.4B	$1.5B	$2.1B	$3B	$2.3B	$2.4B	$4.2B
Operating income	-$243.4M	-$258.4M	-$347.7M	$238M	-$567.7M	-$720.3M	$1.3B
Net income	$1.6B	-$277.3M	-$421M	-$163.5M	-$933.4M	-$885M	$2.7B
EPS (diluted)	$2.34	-$0.41	-$0.53	-$0.19	-$1.08	-$1.02	$3.07
Operating cash flow	$360.3M	$817.3M	$819.3M	$1.3B	$1.4B	$1.7B	$1.8B
Free cash flow	$278.4M*	$710.5M*	$650.1M*	$1.1B*	$1B*	$1.4B*	$1.4B*
Cash & equivalents	$647.6M	$748.5M	$613.5M	$911M	$950.8M	$948.3M	$2.6B
Total debt	-	$1.2B	$4.5B	$4.5B	$4.2B	$4.1B	$4.5B
Gross margin	50.3%	50.1%	46.3%	50.5%	41.6%	41.3%	51.0%
Operating margin	-9.0%	-8.7%	-7.8%	4.0%	-10.3%	-12.5%	16.1%
Net margin	58.7%	-9.3%	-9.4%	-2.8%	-16.9%	-15.3%	32.6%

Latest quarters

Line	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27	Q2 FY27
Revenue	$1.5B	$1.8B*	$1.9B	$2B	$2.1B	$2.2B*	$2.4B	$2.7B
Gross profit	$349.4M	$917.4M*	$952.4M	$1B	$1.1B	$1.1B*	$1.3B	$1.5B
Operating income	-$702.8M	$235.2M*	$270.6M	$290.1M	$357.8M	$404.4M*	$339.4M	$459.7M
Net income	-$676.3M	$200.2M*	$177.9M	$194.8M	$1.9B	$396.1M*	$34.5M	$308M
EPS (diluted)	-$0.78	$0.23*	$0.20	$0.22	$2.20	$0.46*	$0.04	$0.33
Operating cash flow	$536.3M*	$514M*	$332.9M	$461.6M*	$582.3M*	$373.7M*	$638.8M	$605.5M*
Free cash flow	$461.3M*	$444.1M*	$214.1M*	$414.1M*	$508.8M*	$259.4M*	$483.1M*	$478.8M*
Cash & equivalents	$868.1M	$948.3M	$885.9M	$1.2B	$2.7B	$2.6B	$3.8B	$3.9B
Total debt	$4.1B	$4.1B	$4.2B	$4.5B	$4.5B	$4.5B	$5B	$5B
Gross margin	23.0%	50.5%	50.3%	50.4%	51.6%	51.7%	52.1%	53.1%
Operating margin	-46.4%	12.9%	14.3%	14.5%	17.2%	18.2%	14.0%	16.8%
Net margin	-44.6%	11.0%	9.4%	9.7%	91.7%	17.9%	1.4%	11.2%

Revenue by product

Line	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Data center	$1B	$1.8B	$2.4B	$2.2B	$4.2B	$6.1B
Communications and other	-	-	-	$3.3B	$1.6B	$2.1B
Enterprise networking	$636M	$907.7M	$1.4B	-	-	-
Carrier infrastructure	$599.4M	$820.4M	$1.1B	-	-	-
Consumer	$574.7M	$700M	$701.1M	-	-	-
Automotive/industrial	$118M	$249.6M	$356.5M	-	-	-

Revenue by region

Line	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
China	$1.3B	$2B	$2.5B	$2.4B	$2.5B	$3B
Other	$369.6M	$478.4M	$716.3M	$2.2B	$1.7B	$2.4B
Taiwan	$79.8M	$161M	$289M	$161.9M	$560.7M	$1.7B
United States	$321.4M	$484M	$690.1M	$795.6M	$956.9M	$1.2B
Malaysia	$254.1M	$276M	$393.2M	-	-	-
Thailand	$251.4M	$355.3M	$391.9M	-	-	-
Singapore	$107.6M	$220.8M	$331.7M	-	-	-
Japan	$142.6M	$222.8M	$260M	-	-	-
Philippines	$166.7M	$213.4M	$171.5M	-	-	-
Finland	$6.9M	$80.2M	$189.6M	-	-	-

* derived: a fourth quarter as the year less the three filed quarters, or a remainder as the total less the parts. All other figures are as filed.

About this page

Every figure on this page is read from Marvell Technology's own SEC filings: the statement lines from the SEC's XBRL company-facts feed, the revenue splits from the segment and revenue notes of each 10-K and 10-Q. Nothing is typed in or estimated. The cache refreshes daily.

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