Marvell Technology, Inc. (BVMF:M2RV34)

Marvell Technology Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022
Revenue	8,195	5,767	5,508	5,920	4,462
Revenue Growth (YoY)	42.09%	4.71%	-6.96%	32.66%	50.30%
Cost of Revenue	4,014	3,385	3,214	2,932	2,398
Gross Profit	4,181	2,382	2,294	2,988	2,064
Selling, General & Admin	767.1	798.2	834	843.6	955.3
Research & Development	2,075	1,950	1,896	1,784	1,424
Other Operating Expenses	15.5	353.9	131.1	121.6	32.4
Operating Income	1,323	-720.3	-567.7	238	-347.7
Interest Income	-	-	-	-	0.8
Interest Expense	-202.6	-189.4	-211.7	-170.6	-139.3
Other Non-Operating Income (Expense)	3,650	-159.4	-170.3	-135.2	-133.1
Total Non-Operating Income (Expense)	3,447	-348.8	-382	-305.8	-271.6
Pretax Income	3,047	-894.7	-758.7	85.1	-483.5
Provision for Income Taxes	376.5	-9.7	174.7	248.6	-62.5
Net Income	2,670	-885	-933.4	-163.5	-421
Net Income to Common	2,670	-885	-933.4	-163.5	-421
Shares Outstanding (Basic)	861	866	861	851	797
Shares Outstanding (Diluted)	870	866	861	851	797
Shares Change (YoY)	0.48%	0.49%	1.16%	6.84%	19.15%
EPS (Basic)	3.10	-1.02	-1.08	-0.19	-0.53
EPS (Diluted)	3.07	-1.02	-1.08	-0.19	-0.53
Free Cash Flow	1,396	1,397	1,034	1,083	650.1
Free Cash Flow Growth	-0.01%	35.04%	-4.47%	66.53%	-8.50%
Free Cash Flow Per Share	1.61	1.61	1.20	1.27	0.82
Dividends Per Share	0.240	0.240	0.240	0.240	0.240
Gross Margin	51.02%	41.31%	41.64%	50.47%	46.26%
Operating Margin	16.14%	-12.49%	-10.31%	4.02%	-7.79%
Profit Margin	32.58%	-15.35%	-16.95%	-2.76%	-9.43%
FCF Margin	17.04%	24.22%	18.78%	18.29%	14.57%
EBITDA	2,614	636.6	830	1,630	897.6
EBITDA Margin	31.89%	11.04%	15.07%	27.54%	20.11%
EBIT	1,323	-720.3	-567.7	238	-347.7
EBIT Margin	16.14%	-12.49%	-10.31%	4.02%	-7.79%
Effective Tax Rate	12.36%	1.08%	-23.03%	292.13%	12.93%

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.