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 |
| 7,793 | 7,235 | 6,502 | 5,767 | 5,376 | 5,279 | 5,347 | 5,508 | 5,500 | 5,618 | 5,794 | 5,920 | 5,844 | 5,518 | 5,077 | 4,462 | 3,917 | 3,456 | 3,108 | 2,969 | |
Revenue Growth (YoY) | 44.95% | 37.05% | 21.60% | 4.71% | -2.24% | -6.04% | -7.72% | -6.96% | -5.89% | 1.82% | 14.13% | 32.66% | 49.19% | 59.66% | 63.38% | 50.30% | 35.60% | 23.39% | 13.81% | 9.99% |
Cost of Revenue | 3,842 | 3,647 | 3,337 | 3,027 | 2,891 | 2,948 | 3,083 | 3,214 | 3,184 | 3,066 | 2,971 | 2,893 | 2,815 | 2,667 | 2,491 | 2,205 | 1,927 | 1,685 | 1,487 | 1,454 |
Gross Profit | 3,952 | 3,588 | 3,165 | 2,740 | 2,486 | 2,331 | 2,264 | 2,294 | 2,316 | 2,552 | 2,823 | 3,026 | 3,029 | 2,851 | 2,586 | 2,258 | 1,990 | 1,771 | 1,620 | 1,515 |
Selling, General & Admin | 764.8 | 780.2 | 784.7 | 798.2 | 814.5 | 822.2 | 834.9 | 834 | 825.4 | 820.2 | 806.9 | 843.6 | 891.4 | 915.1 | 926.8 | 892.6 | 758.32 | 642.32 | 546.71 | 467.2 |
Research & Development | 2,038 | 2,014 | 1,982 | 1,950 | 1,911 | 1,904 | 1,892 | 1,896 | 1,880 | 1,847 | 1,821 | 1,784 | 1,740 | 1,664 | 1,582 | 1,424 | 1,285 | 1,169 | 1,079 | 1,073 |
Operating Expenses | 2,803 | 2,795 | 2,767 | 2,749 | 2,726 | 2,726 | 2,727 | 2,730 | 2,705 | 2,667 | 2,628 | 2,628 | 2,632 | 2,579 | 2,509 | 2,317 | 2,044 | 1,811 | 1,626 | 1,540 |
Operating Income | 1,149 | 793.2 | 398 | -8.5 | -239.8 | -395 | -462.3 | -436.6 | -389.6 | -114.9 | 195.4 | 398.3 | 397.2 | 271.3 | 77 | -59.1 | -53.67 | -40.05 | -5.74 | -24.7 |
Interest Expense | -196.8 | -192.8 | -189.3 | -189.4 | -197 | -202.4 | -207.8 | -211.7 | -208.4 | -201 | -187 | -170.6 | -156.3 | -146.5 | -140.5 | -139.3 | -125.03 | -105.7 | -87.53 | -69.3 |
Interest & Investment Income | 77.5 | 9.1 | 15 | 15 | 4 | 15.9 | 17.9 | 20.7 | 24.6 | 14.7 | 7.6 | 17.7 | 3 | 1.7 | 1.1 | 0.8 | 0.96 | 1.36 | 1.74 | 2.6 |
Currency Exchange Gain (Loss) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.91 | -1.91 | -1.91 | - |
Other Non Operating Income (Expenses) | - | -10.5 | -9.3 | - | - | - | 3.3 | - | 0.3 | 3.5 | 7.2 | - | 14.3 | 12.1 | 6.7 | 2.7 | 1.69 | 0.99 | 2.25 | 2.9 |
EBT Excluding Unusual Items | 1,030 | 599 | 214.4 | -182.9 | -432.8 | -581.5 | -648.9 | -627.6 | -573.1 | -297.7 | 23.2 | 245.4 | 258.2 | 138.6 | -55.7 | -194.9 | -177.97 | -145.31 | -91.2 | -88.5 |
Merger & Restructuring Charges | 4.9 | -700.1 | -695.4 | -711.8 | -749 | -37.3 | -75.3 | -131.1 | -121.5 | -144.1 | -109.6 | -60.3 | -47.8 | -61.1 | -272.6 | -288.6 | -294.47 | -284.08 | -202.95 | -197.7 |
Gain (Loss) on Sale of Assets | 1,830 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | -100 | -100 | -100 | -100 | - | - | -36 | -36 | -36 | -36 |
Pretax Income | 2,865 | -101.1 | -481 | -894.7 | -1,182 | -618.8 | -724.2 | -758.7 | -694.6 | -441.8 | -186.4 | 85.1 | 110.4 | -22.5 | -328.3 | -483.5 | -508.44 | -465.39 | -330.15 | -322.2 |
Income Tax Expense | 390.6 | 2.3 | 10.5 | -9.7 | 296.1 | 347.1 | 255.9 | 174.7 | -138.5 | -63.3 | -19.7 | 248.6 | 252.3 | 195.3 | 170.2 | -62.5 | -97.78 | -94.42 | -77.69 | -44.9 |
Earnings From Continuing Operations | 2,474 | -103.4 | -491.5 | -885 | -1,478 | -965.9 | -980.1 | -933.4 | -556.1 | -378.5 | -166.7 | -163.5 | -141.9 | -217.8 | -498.5 | -421 | -410.66 | -370.97 | -252.47 | -277.3 |
Net Income | 2,474 | -103.4 | -491.5 | -885 | -1,478 | -965.9 | -980.1 | -933.4 | -556.1 | -378.5 | -166.7 | -163.5 | -141.9 | -217.8 | -498.5 | -421 | -410.66 | -370.97 | -252.47 | -277.3 |
Net Income to Common | 2,474 | -103.4 | -491.5 | -885 | -1,478 | -965.9 | -980.1 | -933.4 | -556.1 | -378.5 | -166.7 | -163.5 | -141.9 | -217.8 | -498.5 | -421 | -410.66 | -370.97 | -252.47 | -277.3 |
Shares Outstanding (Basic) | 862 | 865 | 865 | 866 | 865 | 865 | 863 | 861 | 859 | 856 | 854 | 851 | 849 | 843 | 836 | 797 | 754 | 715 | 676 | 669 |
Shares Outstanding (Diluted) | 869 | 865 | 865 | 866 | 865 | 865 | 863 | 861 | 859 | 856 | 854 | 851 | 849 | 843 | 836 | 797 | 754 | 715 | 676 | 669 |
Shares Change (YoY) | 0.40% | 0.01% | 0.24% | 0.49% | 0.79% | 0.99% | 1.15% | 1.16% | 1.13% | 1.55% | 2.16% | 6.84% | 12.58% | 17.97% | 23.56% | 19.15% | 11.54% | 5.36% | -0.15% | -1.08% |
EPS (Basic) | 2.87 | -0.12 | -0.57 | -1.02 | -1.71 | -1.12 | -1.14 | -1.08 | -0.65 | -0.44 | -0.20 | -0.19 | -0.17 | -0.26 | -0.60 | -0.53 | -0.54 | -0.52 | -0.37 | -0.41 |
EPS (Diluted) | 2.84 | -0.12 | -0.57 | -1.02 | -1.71 | -1.12 | -1.14 | -1.08 | -0.65 | -0.44 | -0.20 | -0.19 | -0.17 | -0.26 | -0.60 | -0.53 | -0.54 | -0.52 | -0.37 | -0.41 |
Free Cash Flow | 1,581 | 1,534 | 1,378 | 1,397 | 1,428 | 1,415 | 1,159 | 1,034 | 856.1 | 775.8 | 1,033 | 1,083 | 1,093 | 912.1 | 843.1 | 650.1 | 482.44 | 516.71 | 535.1 | 710.5 |
Free Cash Flow Per Share | 1.82 | 1.77 | 1.59 | 1.61 | 1.65 | 1.64 | 1.34 | 1.20 | 1.00 | 0.91 | 1.21 | 1.27 | 1.29 | 1.08 | 1.01 | 0.82 | 0.64 | 0.72 | 0.79 | 1.06 |
Dividend Per Share | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 | 0.240 |
Gross Margin | 50.71% | 49.59% | 48.68% | 47.51% | 46.23% | 44.15% | 42.35% | 41.64% | 42.10% | 45.42% | 48.72% | 51.12% | 51.83% | 51.66% | 50.94% | 50.59% | 50.80% | 51.25% | 52.14% | 51.04% |
Operating Margin | 14.74% | 10.96% | 6.12% | -0.15% | -4.46% | -7.48% | -8.65% | -7.93% | -7.08% | -2.04% | 3.37% | 6.73% | 6.80% | 4.92% | 1.52% | -1.32% | -1.37% | -1.16% | -0.18% | -0.83% |
Profit Margin | 31.75% | -1.43% | -7.56% | -15.35% | -27.49% | -18.30% | -18.33% | -16.95% | -10.11% | -6.74% | -2.88% | -2.76% | -2.43% | -3.95% | -9.82% | -9.43% | -10.48% | -10.73% | -8.12% | -9.34% |
Free Cash Flow Margin | 20.29% | 21.20% | 21.19% | 24.22% | 26.56% | 26.81% | 21.67% | 18.78% | 15.57% | 13.81% | 17.83% | 18.29% | 18.69% | 16.53% | 16.61% | 14.57% | 12.32% | 14.95% | 17.22% | 23.93% |
EBITDA | 2,448 | 2,118 | 1,747 | 1,348 | 1,151 | 996.5 | 924.5 | 961.1 | 999.1 | 1,276 | 1,588 | 1,791 | 1,810 | 1,690 | 1,490 | 1,186 | 978.21 | 798.19 | 652.78 | 616.8 |
EBITDA Margin | 31.41% | 29.28% | 26.88% | 23.38% | 21.41% | 18.88% | 17.29% | 17.45% | 18.17% | 22.71% | 27.40% | 30.25% | 30.96% | 30.63% | 29.35% | 26.58% | 24.97% | 23.09% | 21.01% | 20.77% |
D&A For EBITDA | 1,300 | 1,325 | 1,349 | 1,357 | 1,391 | 1,392 | 1,387 | 1,398 | 1,389 | 1,391 | 1,393 | 1,392 | 1,412 | 1,419 | 1,413 | 1,245 | 1,032 | 838.24 | 658.52 | 641.5 |
EBIT | 1,149 | 793.2 | 398 | -8.5 | -239.8 | -395 | -462.3 | -436.6 | -389.6 | -114.9 | 195.4 | 398.3 | 397.2 | 271.3 | 77 | -59.1 | -53.67 | -40.05 | -5.74 | -24.7 |
EBIT Margin | 14.74% | 10.96% | 6.12% | -0.15% | -4.46% | -7.48% | -8.65% | -7.93% | -7.08% | -2.04% | 3.37% | 6.73% | 6.80% | 4.92% | 1.52% | -1.32% | -1.37% | -1.16% | -0.18% | -0.83% |
Effective Tax Rate | 13.63% | - | - | - | - | - | - | - | - | - | - | 292.13% | 228.53% | - | - | - | - | - | - | - |
Advertising Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.6 |
Updated Dec 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.