Marvell Technology, Inc. (MRVL)
NASDAQ: MRVL · Real-Time Price · USD
78.39
+0.60 (0.77%)
At close: Feb 24, 2026, 4:00 PM EST
78.48
+0.09 (0.11%)
After-hours: Feb 24, 2026, 7:59 PM EST
Marvell Technology Income Statement
Financials in millions USD. Fiscal year is March - February.
Millions USD. Fiscal year is Mar - Feb.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Nov '25 Nov 1, 2025 | Aug '25 Aug 2, 2025 | May '25 May 3, 2025 | Feb '25 Feb 1, 2025 | Nov '24 Nov 2, 2024 | Aug '24 Aug 3, 2024 | May '24 May 4, 2024 | Feb '24 Feb 3, 2024 | Oct '23 Oct 28, 2023 | Jul '23 Jul 29, 2023 | Apr '23 Apr 29, 2023 | Jan '23 Jan 28, 2023 | Oct '22 Oct 29, 2022 | Jul '22 Jul 30, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 29, 2022 | Oct '21 Oct 30, 2021 | Jul '21 Jul 31, 2021 | May '21 May 1, 2021 | Jan '21 Jan 30, 2021 |
| 2,075 | 2,006 | 1,895 | 1,817 | 1,516 | 1,273 | 1,161 | 1,427 | 1,419 | 1,341 | 1,322 | 1,419 | 1,537 | 1,517 | 1,447 | 1,343 | 1,211 | 1,076 | 832.3 | 797.82 | |
Revenue Growth (YoY) | 36.83% | 57.60% | 63.26% | 27.40% | 6.87% | -5.07% | -12.17% | 0.56% | -7.72% | -11.60% | -8.65% | 5.62% | 26.92% | 40.99% | 73.84% | 68.33% | 61.46% | 47.93% | 19.99% | 11.17% |
Cost of Revenue | 1,004 | 995.5 | 942.9 | 898.9 | 809.9 | 685.3 | 633.1 | 762.4 | 867.4 | 819.8 | 764.5 | 732.5 | 760 | 730.9 | 686.7 | 654.2 | 623.4 | 704.1 | 400.4 | 376.69 |
Gross Profit | 1,070 | 1,011 | 952.4 | 918.5 | 706.2 | 587.6 | 527.8 | 664.1 | 551.2 | 521.1 | 557.2 | 686 | 777.3 | 786 | 760.2 | 688.8 | 587.8 | 371.8 | 431.9 | 421.13 |
Selling, General & Admin | 189.9 | 192.8 | 186.4 | 195.7 | 205.3 | 197.3 | 199.9 | 212 | 213 | 210 | 199 | 203.4 | 207.8 | 211.7 | 235.7 | 251.2 | 231.5 | 259.2 | 201.5 | 116.92 |
Research & Development | 512.5 | 519 | 507.7 | 499 | 488.6 | 486.7 | 476.1 | 459.6 | 481.1 | 474.8 | 480.7 | 443.1 | 448.1 | 449 | 444.1 | 399.2 | 371.9 | 367 | 286.1 | 260.38 |
Operating Expenses | 702.4 | 711.8 | 694.1 | 694.7 | 693.9 | 684 | 676 | 671.6 | 694.1 | 684.8 | 679.7 | 646.5 | 655.9 | 660.7 | 679.8 | 650.4 | 603.4 | 626.2 | 487.6 | 377.3 |
Operating Income | 367.9 | 298.8 | 258.3 | 223.8 | 12.3 | -96.4 | -148.2 | -7.5 | -142.9 | -163.7 | -122.5 | 39.5 | 121.4 | 125.3 | 80.4 | 38.4 | -15.6 | -254.4 | -55.7 | 43.83 |
Interest Expense | -51.2 | -51.9 | -48.7 | -45 | -47.2 | -48.4 | -48.8 | -54 | -52.6 | -53.8 | -52.7 | -49.3 | -45.2 | -39.8 | -36.3 | -35 | -35.4 | -33.8 | -35.1 | -20.73 |
Interest & Investment Income | 78.4 | - | - | 9.6 | - | 2.6 | - | - | 11.4 | 7.9 | 2.8 | 2.5 | 1.5 | 0.8 | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.36 |
Currency Exchange Gain (Loss) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.91 |
Other Non Operating Income (Expenses) | - | -4.5 | -6 | - | -0.5 | - | 3.3 | - | - | - | - | 0.3 | 3.2 | 3.7 | 5.2 | 2.2 | 1 | -1.7 | 1.2 | 1.19 |
EBT Excluding Unusual Items | 395.1 | 242.4 | 203.6 | 188.4 | -35.4 | -142.2 | -193.7 | -61.5 | -184.1 | -209.6 | -172.4 | -7 | 80.9 | 90 | 49.8 | 5.8 | -49.8 | -289.7 | -89.4 | 22.73 |
Merger & Restructuring Charges | -10.1 | -8.7 | 12.3 | 11.4 | -715.1 | -4 | -4.1 | -25.8 | -3.4 | -42 | -59.9 | -16.2 | -15.6 | -1.2 | -10.6 | -3.7 | -17.8 | -12.3 | -26.6 | -9.57 |
Gain (Loss) on Sale of Assets | 1,830 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | - | - | - | -85 | - | - | - | - | - | -36 |
Pretax Income | 2,215 | 233.7 | 215.9 | 199.8 | -750.5 | -146.2 | -197.8 | -87.3 | -187.5 | -251.6 | -232.3 | -23.2 | 65.3 | 3.8 | 39.2 | 2.1 | -67.6 | -302 | -116 | -22.84 |
Income Tax Expense | 314.1 | 38.9 | 38 | -0.4 | -74.2 | 47.1 | 17.8 | 305.4 | -23.2 | -44.1 | -63.4 | -7.8 | 52 | -0.5 | 204.9 | -4.1 | -5 | -25.6 | -27.8 | -39.38 |
Earnings From Continuing Operations | 1,901 | 194.8 | 177.9 | 200.2 | -676.3 | -193.3 | -215.6 | -392.7 | -164.3 | -207.5 | -168.9 | -15.4 | 13.3 | 4.3 | -165.7 | 6.2 | -62.6 | -276.4 | -88.2 | 16.54 |
Net Income | 1,901 | 194.8 | 177.9 | 200.2 | -676.3 | -193.3 | -215.6 | -392.7 | -164.3 | -207.5 | -168.9 | -15.4 | 13.3 | 4.3 | -165.7 | 6.2 | -62.6 | -276.4 | -88.2 | 16.54 |
Net Income to Common | 1,901 | 194.8 | 177.9 | 200.2 | -676.3 | -193.3 | -215.6 | -392.7 | -164.3 | -207.5 | -168.9 | -15.4 | 13.3 | 4.3 | -165.7 | 6.2 | -62.6 | -276.4 | -88.2 | 16.54 |
Net Income Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -62.51% | - | - | - | -99.07% |
Shares Outstanding (Basic) | 856 | 863 | 865 | 866 | 866 | 866 | 865 | 865 | 863 | 861 | 857 | 854 | 853 | 851 | 848 | 844 | 829 | 821 | 693 | 674 |
Shares Outstanding (Diluted) | 864 | 870 | 876 | 880 | 866 | 866 | 865 | 865 | 863 | 861 | 857 | 854 | 858 | 858 | 848 | 862 | 829 | 821 | 693 | 688 |
Shares Change (YoY) | -0.23% | 0.54% | 1.23% | 1.76% | 0.36% | 0.56% | 0.97% | 1.24% | 0.49% | 0.35% | 1.03% | -0.92% | 3.60% | 4.48% | 22.30% | 25.31% | 23.58% | 23.00% | 4.50% | 1.81% |
EPS (Basic) | 2.22 | 0.23 | 0.21 | 0.23 | -0.78 | -0.22 | -0.25 | -0.45 | -0.19 | -0.24 | -0.20 | -0.02 | 0.02 | 0.01 | -0.20 | 0.01 | -0.08 | -0.34 | -0.13 | 0.02 |
EPS (Diluted) | 2.20 | 0.22 | 0.20 | 0.23 | -0.78 | -0.22 | -0.25 | -0.45 | -0.19 | -0.24 | -0.20 | -0.02 | 0.02 | 0.01 | -0.20 | 0.01 | -0.08 | -0.34 | -0.13 | 0.02 |
EPS Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -70.09% | - | - | - | -99.06% |
Free Cash Flow | 508.8 | 414.1 | 214.1 | 444.1 | 461.3 | 258.2 | 233 | 475.6 | 448.6 | 1.4 | 108.6 | 297.5 | 368.3 | 258.9 | 157.9 | 307.4 | 187.9 | 189.9 | -35.1 | 139.74 |
Free Cash Flow Per Share | 0.59 | 0.48 | 0.24 | 0.51 | 0.53 | 0.30 | 0.27 | 0.55 | 0.52 | 0.00 | 0.13 | 0.35 | 0.43 | 0.30 | 0.19 | 0.36 | 0.23 | 0.23 | -0.05 | 0.20 |
Dividend Per Share | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 | 0.060 |
Gross Margin | 51.59% | 50.38% | 50.25% | 50.54% | 46.58% | 46.16% | 45.47% | 46.55% | 38.86% | 38.86% | 42.16% | 48.36% | 50.56% | 51.82% | 52.54% | 51.29% | 48.53% | 34.56% | 51.89% | 52.79% |
Operating Margin | 17.73% | 14.89% | 13.63% | 12.31% | 0.81% | -7.57% | -12.77% | -0.53% | -10.07% | -12.21% | -9.27% | 2.79% | 7.90% | 8.26% | 5.56% | 2.86% | -1.29% | -23.64% | -6.69% | 5.49% |
Profit Margin | 91.65% | 9.71% | 9.39% | 11.02% | -44.61% | -15.19% | -18.57% | -27.53% | -11.58% | -15.47% | -12.78% | -1.09% | 0.86% | 0.28% | -11.45% | 0.46% | -5.17% | -25.69% | -10.60% | 2.07% |
Free Cash Flow Margin | 24.53% | 20.64% | 11.30% | 24.44% | 30.43% | 20.28% | 20.07% | 33.34% | 31.62% | 0.10% | 8.22% | 20.97% | 23.96% | 17.07% | 10.91% | 22.89% | 15.51% | 17.65% | -4.22% | 17.52% |
EBITDA | 683.8 | 626.6 | 588.2 | 549.7 | 353.8 | 255.6 | 189.3 | 352.6 | 199 | 183.6 | 225.9 | 390.6 | 465.7 | 474 | 428.6 | 409.5 | 335.3 | 88.5 | 124.7 | 201.51 |
EBITDA Margin | 32.96% | 31.24% | 31.04% | 30.25% | 23.34% | 20.08% | 16.31% | 24.72% | 14.03% | 13.69% | 17.09% | 27.54% | 30.29% | 31.25% | 29.62% | 30.49% | 27.68% | 8.23% | 14.98% | 25.26% |
D&A For EBITDA | 315.9 | 327.8 | 329.9 | 325.9 | 341.5 | 352 | 337.5 | 360.1 | 341.9 | 347.3 | 348.4 | 351.1 | 344.3 | 348.7 | 348.2 | 371.1 | 350.9 | 342.9 | 180.4 | 157.67 |
EBIT | 367.9 | 298.8 | 258.3 | 223.8 | 12.3 | -96.4 | -148.2 | -7.5 | -142.9 | -163.7 | -122.5 | 39.5 | 121.4 | 125.3 | 80.4 | 38.4 | -15.6 | -254.4 | -55.7 | 43.83 |
EBIT Margin | 17.73% | 14.89% | 13.63% | 12.31% | 0.81% | -7.57% | -12.77% | -0.53% | -10.07% | -12.21% | -9.27% | 2.79% | 7.90% | 8.26% | 5.56% | 2.86% | -1.29% | -23.64% | -6.69% | 5.49% |
Effective Tax Rate | 14.18% | 16.64% | 17.60% | - | - | - | - | - | - | - | - | - | 79.63% | - | 522.70% | - | - | - | - | - |
Updated Dec 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.