Marvell Technology Income Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 2, 2026	Jan '26 Jan 31, 2026	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022
Revenue	8,717	8,195	5,767	5,508	5,920	4,462
Revenue Growth (YoY)	34.07%	42.09%	4.71%	-6.96%	32.66%	50.30%
Cost of Revenue	4,228	4,014	3,385	3,214	2,932	2,398
Gross Profit	4,489	4,181	2,382	2,294	2,988	2,064
Selling, General & Admin	839.1	767.1	798.2	834	843.6	955.3
Research & Development	2,220	2,075	1,950	1,896	1,784	1,424
Other Operating Expenses	38.5	15.5	353.9	131.1	121.6	32.4
Total Operating Expenses	3,097	2,858	3,103	2,861	2,750	2,412
Operating Income	1,392	1,323	-720.3	-567.7	238	-347.7
Interest Income	-	-	-	-	-	0.8
Interest Expense	-206.7	-202.6	-189.4	-211.7	-170.6	-139.3
Other Non-Operating Income (Expense)	1,729	1,926	15	20.7	17.7	2.7
Total Non-Operating Income (Expense)	1,522	1,724	-174.4	-191	-152.9	-135.8
Pretax Income	2,914	3,047	-894.7	-758.7	85.1	-483.5
Provision for Income Taxes	387.3	376.5	-9.7	174.7	248.6	-62.5
Net Income	2,527	2,670	-885	-933.4	-163.5	-421
Net Income to Common	2,527	2,670	-885	-933.4	-163.5	-421
Shares Outstanding (Basic)	862	861	866	861	851	797
Shares Outstanding (Diluted)	871	870	866	861	851	797
Shares Change (YoY)	-0.10%	0.48%	0.49%	1.16%	6.84%	19.15%
EPS (Basic)	2.96	3.10	-1.02	-1.08	-0.19	-0.53
EPS (Diluted)	2.92	3.07	-1.02	-1.08	-0.19	-0.53
Shares Outstanding	874.3	847.3	866	865.5	853.2	846.7
Free Cash Flow	1,665	1,396	1,397	1,034	1,083	650.1
Free Cash Flow Growth	19.26%	-0.01%	35.04%	-4.47%	66.53%	-8.50%
Free Cash Flow Per Share	1.91	1.61	1.61	1.20	1.27	0.82
Dividends Per Share	0.180	0.240	0.240	0.240	0.240	0.240
Dividend Growth	-25.00%	-	-	-	-	-
Gross Margin	51.50%	51.02%	41.31%	41.64%	50.47%	46.26%
Operating Margin	15.97%	16.14%	-12.49%	-10.31%	4.02%	-7.79%
Profit Margin	28.99%	32.58%	-15.35%	-16.95%	-2.76%	-9.43%
FCF Margin	19.11%	17.04%	24.22%	18.78%	18.29%	14.57%
EBITDA	2,673	2,614	636.6	830	1,630	897.6
EBITDA Margin	30.66%	31.89%	11.04%	15.07%	27.54%	20.11%
EBIT	1,392	1,323	-720.3	-567.7	238	-347.7
EBIT Margin	15.97%	16.14%	-12.49%	-10.31%	4.02%	-7.79%
Effective Tax Rate	13.29%	12.36%	1.08%	-23.03%	292.13%	12.93%

Updated May 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q