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 Cash Flow 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 |
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 |
Depreciation & Amortization | 1,334 | 1,359 | 1,384 | 1,391 | 1,428 | 1,429 | 1,424 | 1,435 | 1,421 | 1,424 | 1,425 | 1,425 | 1,441 | 1,448 | 1,442 | 1,274 | 1,053 | 859.84 | 680.12 | 663.1 |
Other Amortization | - | - | - | - | - | - | - | - | 10.3 | 10.3 | 10.3 | - | 21.6 | 21.6 | 21.6 | 21.6 | 6.81 | 10.03 | 10.03 | 10 |
Loss (Gain) From Sale of Assets | -1,830 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Asset Writedown & Restructuring Costs | -9.3 | 512.5 | 514.1 | 528.8 | 524.8 | 3.8 | 23.5 | 32.9 | 32.9 | 35.1 | 14.8 | 5.6 | 11.1 | 8.1 | 7.1 | 6.2 | 7.34 | 13.36 | 130.9 | 130.9 |
Stock-Based Compensation | 595.4 | 601.7 | 603 | 597.4 | 605.1 | 605.2 | 603.1 | 609.8 | 585.2 | 572.8 | 564.5 | 552.4 | 556.5 | 529.5 | 499.1 | 460.7 | 385.38 | 326.07 | 274.55 | 241.5 |
Other Operating Activities | 66.7 | 16.5 | -40.1 | -80.3 | 348.2 | 348.3 | 294.4 | 168.5 | -268 | -312.3 | -197.4 | 119.3 | 65.8 | 172.7 | 298.1 | 140.5 | 151.87 | 133.47 | -27.49 | -18.8 |
Change in Accounts Receivable | -548.5 | -391.6 | -262.1 | 93.2 | 216.7 | 149 | 119 | 70.6 | 176.4 | 80.1 | 188.1 | -142.7 | -409.1 | -499.5 | -490.5 | -409 | -387.8 | -202.33 | -125.91 | -44.3 |
Change in Inventory | -189.1 | -332.5 | -338.7 | -230 | 18.6 | 197.4 | 199.5 | 201.9 | 0.6 | -126.3 | -218.9 | -385.9 | -354.7 | -416.8 | -404.5 | -291.9 | -200.5 | -88.09 | -19.12 | 29.9 |
Change in Accounts Payable | -7.4 | 78.6 | 202.4 | 181.5 | 48.2 | -27.5 | -102.6 | -149.1 | -141.4 | -178.5 | -254 | -87.8 | -34.5 | 96.5 | 206.2 | 93.2 | 98.7 | 10.62 | -8.38 | 39.7 |
Change in Other Net Operating Assets | 5.4 | 103.6 | 118.9 | 84.4 | 1.8 | -58.5 | -94.2 | -65.6 | -85.7 | -42.9 | -63.3 | -33.4 | 127.5 | -4.9 | -52.8 | -55.2 | -73.21 | -67.76 | -34.28 | 42.6 |
Operating Cash Flow | 1,891 | 1,845 | 1,690 | 1,681 | 1,714 | 1,681 | 1,487 | 1,371 | 1,175 | 1,083 | 1,302 | 1,289 | 1,284 | 1,137 | 1,028 | 819.3 | 631.4 | 624.23 | 627.96 | 817.3 |
Operating Cash Flow Growth | 10.33% | 9.78% | 13.66% | 22.67% | 45.81% | 55.11% | 14.14% | 6.34% | -8.42% | -4.73% | 26.72% | 57.30% | 103.28% | 82.18% | 63.67% | 0.24% | -11.67% | 19.40% | 69.67% | 126.84% |
Capital Expenditures | -309.7 | -311.2 | -311.9 | -284.6 | -285.7 | -265.1 | -328 | -336.3 | -319.3 | -307.6 | -269.1 | -206.2 | -191 | -225.1 | -184.7 | -169.2 | -148.96 | -107.52 | -92.86 | -106.8 |
Sale of Property, Plant & Equipment | 26.9 | 26.9 | 25.8 | - | 0.5 | 0.4 | 0.1 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Acquisitions | - | -10.4 | -10.4 | -10.4 | -4.9 | 5.5 | - | - | -14.8 | -19.2 | -68.3 | -112.3 | -118.2 | -53.4 | 1.2 | -3,555 | -3,540 | -3,600 | -3,600 | - |
Divestitures | 2,479 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Sale (Purchase) of Intangibles | -4.2 | -3.5 | -7.6 | -7 | -16.8 | -16.6 | -11.6 | -13.9 | -5.3 | -9.9 | -12.3 | -11.1 | -17.5 | -15.3 | -15.9 | -17.7 | -13.53 | -12.54 | -12.42 | -12.7 |
Other Investing Activities | -42 | -18.9 | 11.2 | 1.3 | 0.3 | -9.9 | -10.2 | -0.3 | 0.9 | 0.9 | 1 | 1.2 | -0.5 | -0.7 | -3.5 | -3.2 | -2.96 | -3.34 | -0.4 | -0.1 |
Investing Cash Flow | 2,150 | -317.1 | -292.9 | -300.7 | -306.6 | -285.7 | -349.7 | -350.5 | -338.5 | -335.8 | -348.7 | -328.4 | -327.2 | -294.5 | -202.9 | -3,745 | -3,705 | -3,724 | -3,706 | -119.6 |
Long-Term Debt Issued | - | - | - | - | - | - | - | 1,295 | - | - | - | 200 | - | - | - | 3,896 | - | - | - | - |
Total Debt Issued | 1,199 | 1,199 | 200 | - | - | 1,045 | 1,095 | 1,295 | 1,295 | 250 | 400 | 200 | 290 | 290 | 165 | 3,896 | 3,806 | 3,806 | 3,731 | - |
Long-Term Debt Repaid | - | - | - | -109.4 | - | - | - | -1,623 | - | - | - | -265.6 | - | - | - | -708 | - | - | - | -250 |
Total Debt Repaid | -823.4 | -856.2 | -120.3 | -109.4 | -98.5 | -1,073 | -1,623 | -1,623 | -1,622 | -707.4 | -276.6 | -265.6 | -344.7 | -404 | -447.8 | -708 | -757.1 | -705.9 | -521.1 | -250 |
Net Debt Issued (Repaid) | 375.2 | 342.4 | 79.7 | -109.4 | -98.5 | -27.3 | -527.2 | -327.2 | -327.1 | -457.4 | 123.4 | -65.6 | -54.7 | -114 | -282.8 | 3,188 | 3,049 | 3,100 | 3,210 | -250 |
Issuance of Common Stock | 86.7 | 87.1 | 85.9 | 87.6 | 90.5 | 90.4 | 94 | 99.2 | 99.9 | 100.3 | 96.3 | 91.3 | 94.2 | 95.6 | 86.5 | 84.5 | 78.95 | 78.7 | 81.68 | 86.6 |
Repurchase of Common Stock | -2,288 | -1,184 | -1,166 | -999.9 | -870.3 | -706.6 | -525.2 | -373.7 | -245.1 | -229.7 | -262.6 | -342.6 | -452.9 | -426.3 | -385.2 | -305.8 | -194.57 | -167.58 | -149.79 | -133.3 |
Common Dividends Paid | -206.2 | -207.3 | -207.5 | -207.5 | -207.5 | -207.4 | -207.2 | -206.8 | -206.2 | -205.5 | -204.9 | -204.4 | -203.8 | -203.1 | -201.3 | -191 | -180.76 | -170.59 | -161.41 | -160.6 |
Other Financing Activities | -161.7 | -150.1 | -150.6 | -153.8 | -178.9 | -158.6 | -151.9 | -171.7 | -156.2 | -149 | -142.6 | -141.6 | -139.2 | -137.4 | -99.6 | 15 | 12.67 | -13.33 | -47.63 | -139.5 |
Financing Cash Flow | -2,194 | -1,112 | -1,359 | -1,383 | -1,265 | -1,010 | -1,318 | -980.2 | -834.7 | -941.3 | -390.4 | -662.9 | -756.4 | -785.2 | -882.4 | 2,791 | 2,765 | 2,827 | 2,933 | -596.8 |
Net Cash Flow | 1,846 | 415.7 | 38.2 | -2.5 | 142.5 | 385.3 | -180.6 | 39.8 | 2.2 | -193.7 | 563.3 | 297.5 | 199.9 | 57.5 | -57.5 | -135 | -308.57 | -271.97 | -145.08 | 100.9 |
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 Growth | 10.71% | 8.35% | 18.91% | 35.04% | 66.81% | 82.44% | 12.13% | -4.47% | -21.64% | -14.94% | 22.56% | 66.53% | 126.45% | 76.52% | 57.56% | -8.50% | -20.60% | 20.11% | 96.71% | 155.23% |
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% |
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 |
Cash Interest Paid | 173.4 | 173.4 | 173.4 | 173.4 | 173.7 | 173.7 | 173.7 | 173.7 | 147.9 | 147.9 | 147.9 | 147.9 | 91.2 | 91.2 | 91.2 | 91.2 | 54.58 | 54.58 | 54.58 | 54.6 |
Cash Income Tax Paid | 40.1 | 40.1 | 40.1 | 40.1 | 120.6 | 120.6 | 120.6 | 120.6 | 95.9 | 95.9 | 95.9 | 95.9 | 7.9 | 7.9 | 7.9 | 7.9 | 14.2 | 14.2 | 14.2 | 14.2 |
Levered Free Cash Flow | 1,954 | 1,161 | 970.54 | 1,695 | 1,604 | 1,520 | 1,454 | 1,457 | 1,476 | 1,605 | 1,740 | 1,883 | 1,895 | 1,365 | 1,516 | 893.38 | 633.98 | 695.37 | 484.46 | 921.16 |
Unlevered Free Cash Flow | 2,077 | 1,282 | 1,089 | 1,813 | 1,727 | 1,646 | 1,584 | 1,589 | 1,596 | 1,720 | 1,847 | 1,990 | 1,971 | 1,435 | 1,582 | 958.85 | 705.31 | 751.4 | 529.14 | 954.47 |
Change in Working Capital | -739.6 | -541.9 | -279.5 | 129.1 | 285.3 | 260.4 | 121.7 | 57.8 | -50.1 | -267.6 | -348.1 | -649.8 | -670.8 | -824.7 | -741.6 | -662.9 | -562.81 | -347.55 | -187.69 | 67.9 |
Updated Dec 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.