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Marvell Technology (MRVL)

Nasdaq Information Technology Semiconductors S&P 500Nasdaq-100
$141.20
+7.65 (+5.73%)
Close of Nov 06, 2026 · end-of-day data
Source: Marvell Technology's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue$2.70B$2.97B$4.46B$5.92B$5.51B$5.77B$8.19B
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
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
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
Net income$1.58B-$277.30M-$421.00M-$163.50M-$933.40M-$885.00M$2.67B
EBITDA-$86.70M-$60.50M-$81.80M$542.90M-$419.50M-$543.30M$1.54B
EPS (basic)$2.38$-0.41$-0.53$-0.19$-1.08$-1.02$3.10
EPS (diluted)$2.34$-0.41$-0.53$-0.19$-1.08$-1.02$3.07
Diluted shares676.09M668.80M796.90M851.40M861.30M865.50M869.70M
Gross margin50.3%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 margin58.7%-9.3%-9.4%-2.8%-16.9%-15.3%32.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash & equivalents$647.60M$748.47M$613.50M$911.00M$950.80M$948.30M$2.64B
Receivables—$536.67M$1.05B$1.19B$1.12B$1.03B$2.19B
Inventory—$268.23M$720.30M$1.07B$864.40M$1.03B$1.39B
Total current assets—$1.62B$2.49B$3.28B$3.06B$3.12B$6.46B
Goodwill—$5.34B$11.51B$11.59B$11.59B$11.59B$11.06B
Total assets—$10.76B$22.11B$22.52B$21.23B$20.20B$22.29B
Total current liabilities—$1.08B$1.39B$2.39B$1.81B$2.03B$3.22B
Short-term debt—$199.64M$63.20M$584.40M$107.30M$129.50M$499.80M
Long-term debt—$993.17M$4.48B$3.91B$4.06B$3.93B$3.97B
Total debt—$1.19B$4.55B$4.49B$4.17B$4.06B$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

Cash flow

fiscal years · USD
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow$360.30M$817.30M$819.30M$1.29B$1.37B$1.68B$1.75B
Capital expenditures$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
Investing cash flow$558.85M-$119.60M-$3.75B-$328.40M-$350.50M-$300.70M$2.10B
Financing cash flow-$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
Stock-based compensation$242.21M$241.50M$460.70M$552.40M$609.80M$597.40M$590.80M
Depreciation & amortization$156.66M$197.90M$265.90M$304.90M$148.20M$177.00M$221.70M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.