Marvell Technology Income Statement

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

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 1, 2025	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022	Jan '21 Jan 30, 2021
Revenue	7,793	5,767	5,508	5,920	4,462	2,969
Revenue Growth (YoY)	44.95%	4.71%	-6.96%	32.66%	50.30%	9.99%
Cost of Revenue	3,842	3,027	3,214	2,893	2,205	1,454
Gross Profit	3,952	2,740	2,294	3,026	2,258	1,515
Selling, General & Admin	764.8	798.2	834	843.6	892.6	467.2
Research & Development	2,038	1,950	1,896	1,784	1,424	1,073
Operating Expenses	2,803	2,749	2,730	2,628	2,317	1,540
Operating Income	1,149	-8.5	-436.6	398.3	-59.1	-24.7
Interest Expense	-196.8	-189.4	-211.7	-170.6	-139.3	-69.3
Interest & Investment Income	77.5	15	20.7	17.7	0.8	2.6
Other Non Operating Income (Expenses)	-	-	-	-	2.7	2.9
EBT Excluding Unusual Items	1,030	-182.9	-627.6	245.4	-194.9	-88.5
Merger & Restructuring Charges	4.9	-711.8	-131.1	-60.3	-288.6	-197.7
Gain (Loss) on Sale of Assets	1,830	-	-	-	-	-
Legal Settlements	-	-	-	-100	-	-36
Pretax Income	2,865	-894.7	-758.7	85.1	-483.5	-322.2
Income Tax Expense	390.6	-9.7	174.7	248.6	-62.5	-44.9
Earnings From Continuing Operations	2,474	-885	-933.4	-163.5	-421	-277.3
Net Income	2,474	-885	-933.4	-163.5	-421	-277.3
Net Income to Common	2,474	-885	-933.4	-163.5	-421	-277.3
Shares Outstanding (Basic)	862	866	861	851	797	669
Shares Outstanding (Diluted)	869	866	861	851	797	669
Shares Change (YoY)	0.40%	0.49%	1.16%	6.84%	19.15%	-1.08%
EPS (Basic)	2.87	-1.02	-1.08	-0.19	-0.53	-0.41
EPS (Diluted)	2.84	-1.02	-1.08	-0.19	-0.53	-0.41
Free Cash Flow	1,581	1,397	1,034	1,083	650.1	710.5
Free Cash Flow Per Share	1.82	1.61	1.20	1.27	0.82	1.06
Dividend Per Share	0.240	0.240	0.240	0.240	0.240	0.240
Gross Margin	50.71%	47.51%	41.64%	51.12%	50.59%	51.04%
Operating Margin	14.74%	-0.15%	-7.93%	6.73%	-1.32%	-0.83%
Profit Margin	31.75%	-15.35%	-16.95%	-2.76%	-9.43%	-9.34%
Free Cash Flow Margin	20.29%	24.22%	18.78%	18.29%	14.57%	23.93%
EBITDA	2,448	1,348	961.1	1,791	1,186	616.8
EBITDA Margin	31.41%	23.38%	17.45%	30.25%	26.58%	20.77%
D&A For EBITDA	1,300	1,357	1,398	1,392	1,245	641.5
EBIT	1,149	-8.5	-436.6	398.3	-59.1	-24.7
EBIT Margin	14.74%	-0.15%	-7.93%	6.73%	-1.32%	-0.83%
Effective Tax Rate	13.63%	-	-	292.13%	-	-
Advertising Expenses	-	-	-	-	-	0.6

Updated Nov 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.