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	3,843	3,385	3,214	2,932	2,398	1,481
Gross Profit	3,950	2,382	2,294	2,988	2,064	1,488
Selling, General & Admin	764.8	798.2	834	843.6	955.3	467.2
Research & Development	2,038	1,950	1,896	1,784	1,424	1,073
Other Operating Expenses	-6.5	353.9	131.1	121.6	32.4	206.8
Total Operating Expenses	2,797	3,103	2,861	2,750	2,412	1,747
Operating Income	1,154	-720.3	-567.7	238	-347.7	-258.4
Interest Income	-	-	-	-	0.8	2.6
Interest Expense	-196.8	-189.4	-211.7	-170.6	-139.3	-69.3
Other Non-Operating Income (Expense)	3,619	-159.4	-170.3	-135.2	-133.1	-60.9
Total Non-Operating Income (Expense)	3,422	-348.8	-382	-305.8	-271.6	-127.6
Pretax Income	2,865	-894.7	-758.7	85.1	-483.5	-322.2
Provision for Income Taxes	390.6	-9.7	174.7	248.6	-62.5	-44.9
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)	872	866	861	851	797	669
Shares Change (YoY)	0.82%	0.49%	1.16%	6.84%	19.15%	-1.08%
EPS (Basic)	2.89	-1.02	-1.08	-0.19	-0.53	-0.41
EPS (Diluted)	2.85	-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 Growth	13.21%	35.04%	-4.47%	66.53%	-8.50%	155.23%
Free Cash Flow Per Share	1.81	1.61	1.20	1.27	0.82	1.06
Dividends Per Share	0.240	0.240	0.240	0.240	0.240	0.240
Gross Margin	50.69%	41.31%	41.64%	50.47%	46.26%	50.13%
Operating Margin	14.80%	-12.49%	-10.31%	4.02%	-7.79%	-8.70%
Profit Margin	31.75%	-15.35%	-16.95%	-2.76%	-9.43%	-9.34%
FCF Margin	20.29%	24.22%	18.78%	18.29%	14.57%	23.93%
EBITDA	2,453	636.6	830	1,630	897.6	383.1
EBITDA Margin	31.48%	11.04%	15.07%	27.54%	20.11%	12.90%
EBIT	1,154	-720.3	-567.7	238	-347.7	-258.4
EBIT Margin	14.80%	-12.49%	-10.31%	4.02%	-7.79%	-8.70%
Effective Tax Rate	13.63%	1.08%	-23.03%	292.13%	12.93%	13.94%

Updated Dec 3, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q