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Marvell Technology (MRVL) Financials

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$67.35 +0.76 (+1.14%)
Closing price 09/12/2025 04:00 PM Eastern
Extended Trading
$67.18 -0.17 (-0.25%)
As of 09/12/2025 07:59 PM Eastern
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Annual Income Statements for Marvell Technology

Annual Income Statements for Marvell Technology

This table shows Marvell Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Net Income / (Loss) Attributable to Common Shareholders
1,584 -277 -421 -164 -933 -885
Consolidated Net Income / (Loss)
1,584 -277 -421 -164 -933 -885
Net Income / (Loss) Continuing Operations
1,584 -277 -421 -164 -933 -885
Total Pre-Tax Income
798 -322 -484 85 -759 -895
Total Operating Income
-243 -258 -348 238 -568 -720
Total Gross Profit
1,357 1,488 2,064 2,988 2,294 2,382
Total Revenue
2,699 2,969 4,462 5,920 5,508 5,767
Operating Revenue
2,699 2,969 4,462 5,920 5,508 5,767
Total Cost of Revenue
1,342 1,481 2,398 2,932 3,214 3,385
Operating Cost of Revenue
1,342 1,481 2,398 2,932 3,214 3,385
Total Operating Expenses
1,600 1,747 2,412 2,750 2,861 3,103
Selling, General & Admin Expense
- - 955 844 834 798
Research & Development Expense
1,080 1,073 1,424 1,784 1,896 1,950
Restructuring Charge
55 171 32 22 131 354
Other Special Charges / (Income)
0.00 36 0.00 100 0.00 0.00
Total Other Income / (Expense), net
1,042 -64 -136 -153 -191 -174
Interest Expense
86 69 139 171 212 189
Interest & Investment Income
4.82 2.60 0.80 18 21 15
Income Tax Expense
-786 -45 -63 249 175 -9.70
Basic Earnings per Share
$2.38 ($0.41) ($0.53) ($0.19) ($1.08) ($1.02)
Weighted Average Basic Shares Outstanding
664.71M 668.80M 796.90M 851.40M 861.30M 865.50M
Diluted Earnings per Share
$2.34 ($0.41) ($0.53) ($0.19) ($1.08) ($1.02)
Weighted Average Diluted Shares Outstanding
676.09M 668.80M 796.90M 851.40M 861.30M 865.50M
Weighted Average Basic & Diluted Shares Outstanding
- - 847.80M 856.90M 866M 866.10M
Cash Dividends to Common per Share
$0.24 $0.24 $0.24 $0.24 $0.24 $0.24

Quarterly Income Statements for Marvell Technology

This table shows Marvell Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025 8/2/2025
Net Income / (Loss) Attributable to Common Shareholders
-15 -169 -208 -164 -393 -216 -193 -676 200 178 195
Consolidated Net Income / (Loss)
-15 -169 -208 -164 -393 -216 -193 -676 200 178 195
Net Income / (Loss) Continuing Operations
-15 -169 -208 -164 -393 -216 -193 -676 200 178 195
Total Pre-Tax Income
-23 -232 -252 -188 -87 -198 -146 -751 200 216 234
Total Operating Income
23 -182 -206 -146 -33 -152 -100 -703 235 271 290
Total Gross Profit
673 557 521 551 664 528 588 349 917 952 1,011
Total Revenue
1,419 1,322 1,341 1,419 1,427 1,161 1,273 1,516 1,817 1,895 2,006
Operating Revenue
1,419 1,322 1,341 1,419 1,427 1,161 1,273 1,516 1,817 1,895 2,006
Total Cost of Revenue
745 765 820 867 762 633 685 1,167 900 943 996
Operating Cost of Revenue
745 765 820 867 762 633 685 1,167 900 943 996
Total Operating Expenses
650 740 727 698 697 680 688 1,052 682 682 721
Selling, General & Admin Expense
188 199 210 213 212 200 197 205 196 186 193
Research & Development Expense
443 481 475 481 460 476 487 489 499 508 519
Restructuring Charge
3.50 60 42 3.40 26 4.10 4.00 358 -13 -12 8.70
Total Other Income / (Expense), net
-47 -50 -46 -41 -54 -46 -46 -48 -35 -55 -56
Interest Expense
49 53 54 53 53 49 48 47 45 49 52
Other Income / (Expense), net
- - - - - 3.30 2.60 - - -6.00 -4.50
Income Tax Expense
-7.80 -63 -44 -23 305 18 47 -74 -0.40 38 39
Basic Earnings per Share
($0.02) ($0.20) ($0.24) ($0.19) ($0.45) ($0.25) ($0.22) ($0.78) $0.23 $0.21 $0.23
Weighted Average Basic Shares Outstanding
851.40M 856.70M 860.90M 862.60M 861.30M 865M 865.70M 865.70M 865.50M 864.80M 862.60M
Diluted Earnings per Share
($0.02) ($0.20) ($0.24) ($0.19) ($0.45) ($0.25) ($0.22) ($0.78) $0.23 $0.20 $0.22
Weighted Average Diluted Shares Outstanding
851.40M 856.70M 860.90M 862.60M 861.30M 865M 865.70M 865.70M 865.50M 875.60M 870.40M
Weighted Average Basic & Diluted Shares Outstanding
856.90M 860M 862.80M 864.50M 866M 865.60M 866.20M 865.30M 866.10M 862.20M 862.10M

Annual Cash Flow Statements for Marvell Technology

This table details how cash moves in and out of Marvell Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Net Change in Cash & Equivalents
65 101 -135 298 40 -2.50
Net Cash From Operating Activities
360 817 819 1,289 1,371 1,681
Net Cash From Continuing Operating Activities
360 817 819 1,289 1,371 1,681
Net Income / (Loss) Continuing Operations
1,584 -277 -421 -164 -933 -885
Consolidated Net Income / (Loss)
1,584 -277 -421 -164 -933 -885
Depreciation Expense
157 198 266 305 300 304
Amortization Expense
375 471 1,001 1,126 1,098 1,053
Non-Cash Adjustments To Reconcile Net Income
-780 397 730 621 698 1,192
Changes in Operating Assets and Liabilities, net
-976 28 -757 -599 209 17
Net Cash From Investing Activities
559 -120 -3,745 -328 -351 -301
Net Cash From Continuing Investing Activities
559 -120 -3,745 -328 -351 -301
Purchase of Property, Plant & Equipment
-82 -107 -169 -206 -336 -285
Acquisitions
-1,076 -13 -3,573 -123 -14 -17
Other Investing Activities, net
-1.06 -0.10 -3.20 1.20 -0.30 1.30
Net Cash From Financing Activities
-854 -597 2,791 -663 -980 -1,383
Net Cash From Continuing Financing Activities
-854 -597 2,791 -663 -980 -1,383
Repayment of Debt
-1,257 -252 -538 -265 -1,644 -110
Repurchase of Common Equity
-364 -63 0.00 -115 -150 -725
Payment of Dividends
-160 -161 -191 -204 -207 -208
Issuance of Debt
950 0.00 3,896 200 1,295 0.00
Issuance of Common Equity
147 87 85 91 99 88
Other Financing Activities, net
-171 -208 -461 -370 -374 -429

Quarterly Cash Flow Statements for Marvell Technology

This table details how cash moves in and out of Marvell Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025 8/2/2025
Net Change in Cash & Equivalents
188 117 -605 302 225 -103 -39 59 80 -62 339
Net Cash From Operating Activities
352 208 113 503 547 325 306 536 514 333 462
Net Cash From Continuing Operating Activities
352 208 113 503 547 325 306 536 514 333 462
Net Income / (Loss) Continuing Operations
-15 -169 -208 -164 -393 -216 -193 -676 200 178 195
Consolidated Net Income / (Loss)
-15 -169 -208 -164 -393 -216 -193 -676 200 178 195
Depreciation Expense
78 78 76 72 74 73 76 77 79 84 84
Amortization Expense
312 270 272 270 286 265 276 265 247 246 244
Non-Cash Adjustments To Reconcile Net Income
115 166 183 178 171 159 168 689 176 172 190
Changes in Operating Assets and Liabilities, net
-137 -137 -210 148 408 44 -20 182 -188 -347 -251
Net Cash From Investing Activities
-64 -103 -117 -55 -76 -102 -53 -76 -70 -94 -77
Net Cash From Continuing Investing Activities
-64 -103 -117 -55 -76 -102 -53 -76 -70 -94 -77
Purchase of Property, Plant & Equipment
-54 -100 -111 -54 -71 -92 -48 -75 -70 -119 -48
Acquisitions
-11 -2.80 -5.70 -0.30 -5.10 -0.50 -16 -0.50 -0.80 -1.10 -1.10
Sale of Property, Plant & Equipment
- - - - - 0.10 - - - 26 1.40
Other Investing Activities, net
1.10 -0.10 -0.20 0.10 -0.10 -10 11 - 0.40 -0.10 -30
Net Cash From Financing Activities
-100 12 -600 -146 -245 -326 -292 -401 -364 -301 -46
Net Cash From Continuing Financing Activities
-100 12 -600 -146 -245 -326 -292 -401 -364 -301 -46
Repayment of Debt
-22 -22 -572 -1,014 -36 -22 -22 -33 -33 -33 -765
Repurchase of Common Equity
- 0.00 - -50 -100 -150 -175 -200 -200 -340 -200
Payment of Dividends
-51 -51 -52 -52 -52 -52 -52 -52 -52 -52 -52
Issuance of Debt
- 200 50 1,045 - 0.00 - - - 200 999
Issuance of Common Equity
39 7.50 53 0.70 38 2.30 49 0.80 35 0.60 51
Other Financing Activities, net
-65 -123 -80 -77 -95 -104 -93 -118 -114 -77 -78

Annual Balance Sheets for Marvell Technology

This table presents Marvell Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Total Assets
10,765 22,109 22,522 21,229 20,205
Total Current Assets
1,617 2,493 3,281 3,063 3,120
Cash & Equivalents
748 614 911 951 948
Accounts Receivable
537 1,049 1,192 1,122 1,028
Inventories, net
268 720 1,068 864 1,030
Prepaid Expenses
64 111 110 126 114
Other Current Nonoperating Assets
- - - - 0.00
Plant, Property, & Equipment, net
326 463 577 756 791
Total Noncurrent Assets
8,822 19,152 18,664 17,410 16,294
Goodwill
5,337 11,511 11,587 11,587 11,587
Intangible Assets
2,271 6,153 5,102 4,004 2,711
Noncurrent Deferred & Refundable Income Taxes
672 494 466 312 401
Other Noncurrent Operating Assets
542 994 1,509 1,507 1,595
Total Liabilities & Shareholders' Equity
10,765 22,109 22,522 21,229 20,205
Total Liabilities
2,329 6,407 6,885 6,397 6,778
Total Current Liabilities
1,077 1,389 2,387 1,814 2,027
Short-Term Debt
200 63 584 107 130
Accounts Payable
252 462 466 411 622
Accrued Expenses
436 623 1,092 1,033 973
Current Employee Benefit Liabilities
189 241 245 263 303
Total Noncurrent Liabilities
1,252 5,018 4,498 4,583 4,751
Long-Term Debt
993 4,485 3,908 4,059 3,934
Other Noncurrent Operating Liabilities
259 533 591 524 816
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
8,436 15,702 15,637 14,831 13,427
Total Preferred & Common Equity
8,436 15,702 15,637 14,831 13,427
Total Common Equity
8,436 15,702 15,637 14,831 13,427
Common Stock
6,332 14,211 14,514 14,847 14,536
Retained Earnings
2,103 1,491 1,124 -17 -1,109
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 1.10 0.40

Quarterly Balance Sheets for Marvell Technology

This table presents Marvell Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 4/30/2022 7/30/2022 10/29/2022 4/29/2023 7/29/2023 10/28/2023 5/4/2024 8/3/2024 11/2/2024 5/3/2025 8/2/2025
Total Assets
22,039 22,162 22,522 22,273 21,750 21,714 20,491 20,293 19,716 20,024 20,586
Total Current Assets
2,599 2,915 3,179 3,203 2,767 2,973 2,648 2,764 2,817 3,838 4,513
Cash & Equivalents
465 617 723 1,028 423 726 848 809 868 886 1,224
Accounts Receivable
1,191 1,291 1,391 1,001 1,209 1,215 882 1,060 998 1,144 1,452
Inventories, net
836 913 958 1,026 1,016 942 826 818 859 1,071 1,052
Prepaid Expenses
107 94 108 148 119 92 92 77 91 148 190
Other Current Nonoperating Assets
- - - - - - - - - 588 596
Plant, Property, & Equipment, net
502 508 522 636 694 702 758 782 782 775 795
Total Noncurrent Assets
18,938 18,739 18,821 18,434 18,289 18,040 17,085 16,748 16,117 15,411 15,279
Goodwill
11,539 11,579 11,579 11,587 11,587 11,587 11,587 11,587 11,587 11,062 11,062
Intangible Assets
5,888 5,643 5,373 4,832 4,560 4,290 3,739 3,463 2,958 2,451 2,207
Noncurrent Deferred & Refundable Income Taxes
332 311 452 608 701 760 327 348 407 406 410
Other Noncurrent Operating Assets
1,179 1,207 1,418 1,407 1,441 1,403 1,432 1,350 1,166 1,492 1,600
Total Liabilities & Shareholders' Equity
22,039 22,162 22,522 22,273 21,750 21,714 20,491 20,293 19,716 20,024 20,586
Total Liabilities
6,574 6,632 6,963 6,779 6,361 6,481 6,012 6,089 6,343 6,711 7,165
Total Current Liabilities
1,554 2,156 2,420 3,061 2,685 1,880 1,468 1,547 1,764 2,941 2,399
Short-Term Debt
74 654 584 1,518 1,019 96 118 129 129 1,255 499
Accounts Payable
553 490 476 388 413 419 321 453 538 563 611
Accrued Expenses
735 824 1,112 971 1,069 1,119 861 764 825 940 1,079
Current Employee Benefit Liabilities
192 188 248 185 185 245 168 200 271 184 211
Total Noncurrent Liabilities
5,020 4,476 4,543 3,718 3,675 4,601 4,545 4,542 4,579 3,770 4,765
Long-Term Debt
4,465 3,947 3,928 3,155 3,135 4,090 4,028 3,997 3,966 2,977 3,968
Other Noncurrent Operating Liabilities
554 529 615 563 541 512 517 546 614 792 797
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
15,465 15,530 15,559 15,494 15,390 15,233 14,479 14,205 13,373 13,313 13,422
Total Preferred & Common Equity
15,465 15,530 15,559 15,494 15,390 15,233 14,479 14,205 13,373 13,313 13,422
Total Common Equity
15,465 15,530 15,559 15,494 15,390 15,233 14,479 14,205 13,373 13,313 13,422
Common Stock
14,190 14,302 14,370 14,592 14,747 14,807 14,762 14,735 14,631 14,296 14,261
Retained Earnings
1,275 1,228 1,190 903 644 428 -284 -529 -1,258 -983 -840
Accumulated Other Comprehensive Income / (Loss)
- - -0.80 -0.90 -1.00 -1.40 0.40 -0.40 -0.30 -0.10 0.60

Annual Metrics And Ratios for Marvell Technology

This table displays calculated financial ratios and metrics derived from Marvell Technology's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Growth Metrics
- - - - - -
Revenue Growth
0.00% 9.99% 50.30% 32.66% -6.96% 4.71%
EBITDA Growth
0.00% -70.70% 123.06% 81.04% -50.27% -23.30%
EBIT Growth
0.00% -129.06% -35.03% 168.99% -338.53% -26.88%
NOPAT Growth
0.00% 62.55% -34.56% -87.87% 13.09% -26.88%
Net Income Growth
0.00% -117.50% -51.82% 61.16% -470.89% 5.19%
EPS Growth
0.00% -117.52% -29.27% 64.15% -468.42% 5.56%
Operating Cash Flow Growth
0.00% 126.84% 0.24% 57.31% 6.34% 22.67%
Free Cash Flow Firm Growth
0.00% 0.00% -21.40% 99.65% 2,087.60% 29.10%
Invested Capital Growth
0.00% 0.00% 121.13% -2.13% -6.10% -8.33%
Revenue Q/Q Growth
0.00% 0.00% 13.92% 1.29% 0.15% 7.27%
EBITDA Q/Q Growth
0.00% 0.00% 40.90% -1.68% -6.52% 54.14%
EBIT Q/Q Growth
0.00% 0.00% 10.24% -9.75% -11.07% 27.15%
NOPAT Q/Q Growth
0.00% 0.00% 9.49% -42.64% -11.07% 27.15%
Net Income Q/Q Growth
0.00% 0.00% -2.52% -15.22% -67.85% 40.12%
EPS Q/Q Growth
0.00% 0.00% -1.92% -26.67% -66.15% 40.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 29.76% 0.41% 16.60% -1.90%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -175.50% 161.86% -28.68%
Invested Capital Q/Q Growth
0.00% 0.00% -0.42% -0.67% -3.46% -0.34%
Profitability Metrics
- - - - - -
Gross Margin
50.27% 50.13% 46.26% 50.47% 41.64% 41.31%
EBITDA Margin
52.26% 13.92% 20.66% 28.19% 15.07% 11.04%
Operating Margin
-9.02% -8.70% -7.79% 4.02% -10.31% -12.49%
EBIT Margin
32.57% -8.61% -7.73% 4.02% -10.31% -12.49%
Profit (Net Income) Margin
58.70% -9.34% -9.43% -2.76% -16.95% -15.35%
Tax Burden Percent
198.45% 86.06% 87.07% -192.13% 123.03% 98.92%
Interest Burden Percent
90.81% 126.11% 140.14% 35.76% 133.64% 124.21%
Effective Tax Rate
-98.45% 0.00% 0.00% 292.13% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% -4.07% -1.71% -2.35% -2.13% -2.92%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -47.47% -9.82% 5.46% -17.91% -14.95%
Return on Net Nonoperating Assets (RNNOA)
0.00% -2.50% -1.78% 1.31% -3.99% -3.35%
Return on Equity (ROE)
0.00% -6.57% -3.49% -1.04% -6.13% -6.26%
Cash Return on Invested Capital (CROIC)
0.00% -204.07% -77.15% -0.20% 4.16% 5.78%
Operating Return on Assets (OROA)
0.00% -2.37% -2.10% 1.07% -2.60% -3.48%
Return on Assets (ROA)
0.00% -2.58% -2.56% -0.73% -4.27% -4.27%
Return on Common Equity (ROCE)
0.00% -6.57% -3.49% -1.04% -6.13% -6.26%
Return on Equity Simple (ROE_SIMPLE)
0.00% -3.29% -2.68% -1.05% -6.29% -6.59%
Net Operating Profit after Tax (NOPAT)
-483 -181 -243 -457 -397 -504
NOPAT Margin
-17.89% -6.09% -5.45% -7.72% -7.22% -8.74%
Net Nonoperating Expense Percent (NNEP)
0.00% 43.40% 8.11% -7.82% 15.77% 12.03%
Return On Investment Capital (ROIC_SIMPLE)
- - - -2.27% -2.09% -2.88%
Cost of Revenue to Revenue
49.73% 49.87% 53.74% 49.53% 58.36% 58.69%
SG&A Expenses to Revenue
0.00% 0.00% 21.41% 14.25% 15.14% 13.84%
R&D to Revenue
40.03% 36.13% 31.92% 30.14% 34.43% 33.82%
Operating Expenses to Revenue
59.29% 58.83% 54.05% 46.45% 51.95% 53.79%
Earnings before Interest and Taxes (EBIT)
879 -256 -345 238 -568 -720
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,411 413 922 1,669 830 637
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 3.52 2.40 3.92 7.27
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.00 0.00 12.40 6.33 10.57 16.93
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
1.02% 0.47% 0.37% 0.55% 0.36% 0.21%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 3.02 2.14 3.40 6.09
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 13.28 6.93 11.15 17.47
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 64.28 24.59 74.00 158.30
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 172.46 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 72.32 31.85 44.82 59.94
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 79.31 100.79
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.14 0.29 0.29 0.28 0.30
Long-Term Debt to Equity
0.00 0.12 0.29 0.25 0.27 0.29
Financial Leverage
0.00 0.05 0.18 0.24 0.22 0.22
Leverage Ratio
0.00 1.28 1.36 1.42 1.44 1.47
Compound Leverage Factor
0.00 1.61 1.91 0.51 1.92 1.82
Debt to Total Capital
0.00% 12.39% 22.46% 22.32% 21.93% 23.23%
Short-Term Debt to Total Capital
0.00% 2.07% 0.31% 2.90% 0.56% 0.74%
Long-Term Debt to Total Capital
0.00% 10.31% 22.15% 19.41% 21.36% 22.49%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 87.61% 77.54% 77.68% 78.07% 76.77%
Debt to EBITDA
0.00 2.89 4.93 2.69 5.02 6.38
Net Debt to EBITDA
0.00 1.08 4.27 2.15 3.87 4.89
Long-Term Debt to EBITDA
0.00 2.40 4.86 2.34 4.89 6.18
Debt to NOPAT
0.00 -6.59 -18.69 -9.82 -10.48 -8.06
Net Debt to NOPAT
0.00 -2.46 -16.17 -7.83 -8.09 -6.18
Long-Term Debt to NOPAT
0.00 -5.49 -18.43 -8.55 -10.21 -7.80
Altman Z-Score
0.00 0.00 5.49 3.68 5.70 8.80
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 1.50 1.80 1.37 1.69 1.54
Quick Ratio
0.00 1.19 1.20 0.88 1.14 0.98
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -9,061 -11,000 -39 774 1,000
Operating Cash Flow to CapEx
439.81% 765.26% 484.22% 625.02% 407.52% 590.72%
Free Cash Flow to Firm to Interest Expense
0.00 -130.75 -78.97 -0.23 3.66 5.28
Operating Cash Flow to Interest Expense
4.21 11.79 5.88 7.55 6.47 8.88
Operating Cash Flow Less CapEx to Interest Expense
3.25 10.25 4.67 6.35 4.89 7.37
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.28 0.27 0.27 0.25 0.28
Accounts Receivable Turnover
0.00 5.53 5.63 5.28 4.76 5.36
Inventory Turnover
0.00 5.52 4.85 3.28 3.33 3.57
Fixed Asset Turnover
0.00 9.10 11.31 11.38 8.26 7.46
Accounts Payable Turnover
0.00 5.87 6.72 6.32 7.33 6.55
Days Sales Outstanding (DSO)
0.00 65.98 64.83 69.08 76.67 68.03
Days Inventory Outstanding (DIO)
0.00 66.12 75.23 111.33 109.74 102.12
Days Payable Outstanding (DPO)
0.00 62.23 54.33 57.72 49.80 55.72
Cash Conversion Cycle (CCC)
0.00 69.88 85.73 122.69 136.61 114.43
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 8,880 19,637 19,218 18,047 16,543
Invested Capital Turnover
0.00 0.67 0.31 0.30 0.30 0.33
Increase / (Decrease) in Invested Capital
0.00 8,880 10,756 -418 -1,172 -1,504
Enterprise Value (EV)
0.00 0.00 59,256 41,046 61,419 100,773
Market Capitalization
0.00 0.00 55,321 37,465 58,204 97,658
Book Value per Share
$0.00 $12.61 $18.61 $18.33 $17.16 $15.52
Tangible Book Value per Share
$0.00 $1.24 ($2.33) ($1.23) ($0.88) ($1.01)
Total Capital
0.00 9,629 20,250 20,129 18,997 17,491
Total Debt
0.00 1,193 4,548 4,492 4,166 4,064
Total Long-Term Debt
0.00 993 4,485 3,908 4,059 3,934
Net Debt
0.00 444 3,935 3,581 3,215 3,116
Capital Expenditures (CapEx)
82 107 169 206 336 285
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -8.78 555 568 405 275
Debt-free Net Working Capital (DFNWC)
0.00 740 1,168 1,479 1,356 1,223
Net Working Capital (NWC)
0.00 540 1,105 894 1,249 1,094
Net Nonoperating Expense (NNE)
-2,067 96 178 -294 536 381
Net Nonoperating Obligations (NNO)
0.00 444 3,935 3,581 3,215 3,116
Total Depreciation and Amortization (D&A)
532 669 1,267 1,431 1,398 1,357
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -0.30% 12.43% 9.59% 7.35% 4.76%
Debt-free Net Working Capital to Revenue
0.00% 24.91% 26.17% 24.98% 24.62% 21.21%
Net Working Capital to Revenue
0.00% 18.19% 24.76% 15.11% 22.67% 18.96%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.53) ($0.19) ($1.08) ($1.02)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 796.86M 851.40M 861.30M 865.50M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.53) ($0.19) ($1.08) ($1.02)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 796.86M 851.40M 861.30M 865.50M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 847.80M 856.90M 866M 866.10M
Normalized Net Operating Profit after Tax (NOPAT)
-132 -36 -221 252 -306 -256
Normalized NOPAT Margin
-4.88% -1.22% -4.95% 4.25% -5.55% -4.45%
Pre Tax Income Margin
29.58% -10.85% -10.84% 1.44% -13.78% -15.51%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
10.27 -3.69 -2.48 1.40 -2.68 -3.80
NOPAT to Interest Expense
-5.64 -2.61 -1.75 -2.68 -1.88 -2.66
EBIT Less CapEx to Interest Expense
9.31 -5.23 -3.69 0.19 -4.27 -5.31
NOPAT Less CapEx to Interest Expense
-6.60 -4.15 -2.96 -3.89 -3.47 -4.16
Payout Ratios
- - - - - -
Dividend Payout Ratio
10.07% -57.92% -45.37% -125.02% -22.16% -23.45%
Augmented Payout Ratio
33.06% -80.71% -45.37% -195.35% -38.23% -105.37%

Quarterly Metrics And Ratios for Marvell Technology

This table displays calculated financial ratios and metrics derived from Marvell Technology's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025 8/2/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
5.62% -8.65% -11.60% -7.72% 0.56% -12.17% -5.07% 6.87% 27.40% 63.26% 57.60%
EBITDA Growth
-3.84% -60.78% -63.83% -56.85% -20.89% 11.57% 77.68% -284.71% 71.70% 215.38% 141.31%
EBIT Growth
-36.86% -343.20% -580.61% -234.22% -242.92% 16.50% 51.19% -380.38% 806.31% 277.58% 392.02%
NOPAT Growth
-84.08% 56.73% -425.44% -575.25% -242.92% 16.50% 51.19% -380.38% 1,111.03% 309.15% 444.07%
Net Income Growth
-348.39% -1.93% -4,925.58% -1,335.34% -2,450.00% -27.65% 6.84% -311.63% 150.98% 182.51% 200.78%
EPS Growth
-200.00% 0.00% -2,500.00% -1,050.00% -2,150.00% -25.00% 8.33% -310.53% 151.11% 180.00% 200.00%
Operating Cash Flow Growth
1.53% 6.98% -66.06% 22.38% 55.51% 55.71% 172.36% 6.62% -5.96% 2.59% 50.65%
Free Cash Flow Firm Growth
104.08% 145.36% 142.95% 39.97% 164.26% 358.52% 508.80% 190.70% 51.47% 53.73% 11.00%
Invested Capital Growth
-2.13% -2.05% -2.02% -3.38% -6.10% -7.11% -8.35% -11.20% -8.33% -9.60% -8.29%
Revenue Q/Q Growth
-7.73% -6.82% 1.45% 5.79% 0.56% -18.62% 9.65% 19.11% 19.87% 4.29% 5.85%
EBITDA Q/Q Growth
-8.87% -56.88% -14.70% 38.14% 67.08% -45.13% 35.85% -243.60% 255.30% 5.95% 3.18%
EBIT Q/Q Growth
-78.62% -872.88% -12.77% 28.88% 77.24% -357.36% 34.08% -600.00% 133.47% 12.50% 7.94%
NOPAT Q/Q Growth
-24.31% -882.83% -12.77% 28.88% 77.24% -357.36% 34.08% -600.00% 147.90% -5.39% 8.45%
Net Income Q/Q Growth
-215.79% -996.75% -22.85% 20.82% -139.01% 45.10% 10.34% -249.87% 129.60% -11.14% 9.50%
EPS Q/Q Growth
-200.00% -900.00% -20.00% 20.83% -136.84% 44.44% 12.00% -254.55% 129.49% -13.04% 10.00%
Operating Cash Flow Q/Q Growth
-14.48% -40.71% -46.02% 347.11% 8.67% -40.63% -5.58% 75.03% -4.16% -35.23% 38.66%
Free Cash Flow Firm Q/Q Growth
10.39% -37.04% -8.34% 119.72% 108.40% 9.24% 21.71% 4.92% 8.59% 10.86% -12.13%
Invested Capital Q/Q Growth
-0.67% -0.42% -0.10% -2.23% -3.46% -1.49% -1.43% -5.26% -0.34% -2.85% -0.01%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
47.47% 42.16% 38.86% 38.86% 46.55% 45.46% 46.16% 23.05% 50.48% 50.25% 50.38%
EBITDA Margin
29.12% 12.56% 10.56% 13.79% 22.91% 15.95% 19.77% -23.83% 30.87% 31.37% 30.58%
Operating Margin
1.64% -13.80% -15.34% -10.31% -2.33% -13.12% -7.89% -46.36% 12.94% 14.28% 14.46%
EBIT Margin
1.64% -13.80% -15.34% -10.31% -2.33% -13.12% -7.89% -46.36% 12.94% 13.96% 14.24%
Profit (Net Income) Margin
-1.09% -12.78% -15.47% -11.58% -27.53% -18.57% -15.19% -44.61% 11.02% 9.39% 9.71%
Tax Burden Percent
66.38% 72.71% 82.47% 87.63% 449.83% 109.00% 132.22% 90.11% 100.20% 82.40% 83.35%
Interest Burden Percent
-99.57% 127.36% 122.31% 128.16% 262.16% 129.88% 145.62% 106.79% 84.95% 81.59% 81.83%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.20% 17.60% 16.65%
Return on Invested Capital (ROIC)
0.35% -2.89% -3.12% -2.09% -0.48% -2.66% -1.59% -9.89% 4.32% 4.52% 5.19%
ROIC Less NNEP Spread (ROIC-NNEP)
-0.49% -3.96% -4.77% -3.80% -11.35% -5.80% -5.08% -15.40% 3.20% 3.03% 3.62%
Return on Net Nonoperating Assets (RNNOA)
-0.12% -0.99% -1.19% -0.89% -2.53% -1.34% -1.21% -3.60% 0.72% 0.66% 0.78%
Return on Equity (ROE)
0.23% -3.88% -4.31% -2.98% -3.02% -4.00% -2.80% -13.49% 5.04% 5.18% 5.97%
Cash Return on Invested Capital (CROIC)
-0.20% 2.02% 1.11% 1.55% 4.16% 5.34% 7.07% 7.94% 5.78% 8.85% 9.04%
Operating Return on Assets (OROA)
0.44% -3.61% -3.93% -2.56% -0.59% -3.28% -1.98% -12.03% 3.60% 4.48% 5.04%
Return on Assets (ROA)
-0.29% -3.34% -3.96% -2.88% -6.93% -4.64% -3.81% -11.58% 3.07% 3.01% 3.44%
Return on Common Equity (ROCE)
0.23% -3.88% -4.31% -2.98% -3.02% -4.00% -2.80% -13.49% 5.04% 5.18% 5.97%
Return on Equity Simple (ROE_SIMPLE)
0.00% -1.08% -2.46% -3.65% 0.00% -6.77% -6.80% -11.05% 0.00% -3.69% 0.00%
Net Operating Profit after Tax (NOPAT)
16 -128 -144 -102 -23 -107 -70 -492 236 223 242
NOPAT Margin
1.15% -9.66% -10.74% -7.22% -1.63% -9.18% -5.52% -32.45% 12.97% 11.76% 12.05%
Net Nonoperating Expense Percent (NNEP)
0.84% 1.07% 1.65% 1.71% 10.87% 3.14% 3.49% 5.51% 1.12% 1.49% 1.58%
Return On Investment Capital (ROIC_SIMPLE)
0.08% - - - -0.12% - - - 1.35% 1.27% 1.35%
Cost of Revenue to Revenue
52.53% 57.84% 61.14% 61.14% 53.45% 54.54% 53.84% 76.95% 49.52% 49.75% 49.62%
SG&A Expenses to Revenue
13.28% 15.06% 15.66% 15.01% 14.86% 17.22% 15.50% 13.54% 10.77% 9.83% 9.61%
R&D to Revenue
31.24% 36.37% 35.41% 33.91% 32.22% 41.01% 38.24% 32.23% 27.46% 26.79% 25.87%
Operating Expenses to Revenue
45.82% 55.96% 54.20% 49.17% 48.89% 58.58% 54.05% 69.40% 37.54% 35.97% 35.92%
Earnings before Interest and Taxes (EBIT)
23 -182 -206 -146 -33 -152 -100 -703 235 265 286
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
413 166 142 196 327 185 252 -361 561 595 613
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.40 2.17 3.61 2.67 3.92 4.09 3.61 5.49 7.27 4.06 4.78
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 421.48
Price to Revenue (P/Rev)
6.33 5.81 9.90 7.39 10.57 11.09 9.72 13.66 16.93 8.30 8.87
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.55% 0.61% 0.37% 0.51% 0.36% 0.35% 0.41% 0.28% 0.21% 0.39% 0.32%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
2.14 1.95 3.10 2.36 3.40 3.52 3.12 4.62 6.09 3.57 4.20
Enterprise Value to Revenue (EV/Rev)
6.93 6.44 10.56 8.02 11.15 11.70 10.34 14.26 17.47 8.82 9.32
Enterprise Value to EBITDA (EV/EBITDA)
24.59 26.87 51.94 49.66 74.00 72.77 56.30 185.60 158.30 54.50 47.55
Enterprise Value to EBIT (EV/EBIT)
172.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 724.31
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,034.73
Enterprise Value to Operating Cash Flow (EV/OCF)
31.85 28.65 54.77 37.51 44.82 42.10 32.49 44.73 59.94 33.93 36.55
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 95.34 277.93 149.09 79.31 63.54 42.18 54.68 100.79 38.28 44.42
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.29 0.30 0.27 0.27 0.28 0.29 0.29 0.31 0.30 0.32 0.33
Long-Term Debt to Equity
0.25 0.20 0.20 0.27 0.27 0.28 0.28 0.30 0.29 0.22 0.30
Financial Leverage
0.24 0.25 0.25 0.24 0.22 0.23 0.24 0.23 0.22 0.22 0.22
Leverage Ratio
1.42 1.43 1.42 1.44 1.44 1.43 1.42 1.45 1.47 1.46 1.48
Compound Leverage Factor
-1.42 1.82 1.74 1.84 3.76 1.85 2.07 1.55 1.25 1.19 1.21
Debt to Total Capital
22.32% 23.17% 21.25% 21.56% 21.93% 22.26% 22.51% 23.44% 23.23% 24.12% 24.97%
Short-Term Debt to Total Capital
2.90% 7.53% 5.21% 0.50% 0.56% 0.64% 0.71% 0.74% 0.74% 7.15% 2.79%
Long-Term Debt to Total Capital
19.41% 15.64% 16.04% 21.06% 21.36% 21.63% 21.80% 22.70% 22.49% 16.97% 22.18%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
77.68% 76.83% 78.75% 78.44% 78.07% 77.74% 77.49% 76.56% 76.77% 75.88% 75.03%
Debt to EBITDA
2.69 3.36 3.64 4.71 5.02 4.82 4.25 9.92 6.38 4.02 3.15
Net Debt to EBITDA
2.15 2.62 3.26 3.90 3.87 3.84 3.42 7.81 4.89 3.18 2.29
Long-Term Debt to EBITDA
2.34 2.27 2.74 4.61 4.89 4.68 4.12 9.60 6.18 2.83 2.80
Debt to NOPAT
-9.82 -470.07 -22.91 -11.70 -10.48 -11.02 -13.63 -5.92 -8.06 -20.33 68.55
Net Debt to NOPAT
-7.83 -366.62 -20.57 -9.67 -8.09 -8.76 -10.96 -4.66 -6.18 -16.08 49.76
Long-Term Debt to NOPAT
-8.55 -317.39 -17.29 -11.43 -10.21 -10.70 -13.21 -5.73 -7.80 -14.30 60.89
Altman Z-Score
3.65 3.28 5.52 4.08 5.78 6.20 5.33 7.08 8.96 5.18 5.84
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.37 1.05 1.03 1.58 1.69 1.80 1.79 1.60 1.54 1.30 1.88
Quick Ratio
0.88 0.66 0.61 1.03 1.14 1.18 1.21 1.06 0.98 0.69 1.12
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
435 274 251 551 1,148 1,255 1,527 1,602 1,740 1,929 1,695
Operating Cash Flow to CapEx
650.93% 208.82% 101.26% 924.63% 769.86% 354.64% 635.68% 715.07% 735.34% 358.34% 1,001.30%
Free Cash Flow to Firm to Interest Expense
8.82 5.19 4.66 10.48 21.83 25.71 31.55 33.94 38.66 39.60 32.66
Operating Cash Flow to Interest Expense
7.13 3.95 2.09 9.56 10.39 6.65 6.33 11.36 11.42 6.84 8.89
Operating Cash Flow Less CapEx to Interest Expense
6.03 2.06 0.03 8.53 9.04 4.77 5.33 9.77 9.87 4.93 8.01
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.27 0.26 0.26 0.25 0.25 0.25 0.25 0.26 0.28 0.32 0.35
Accounts Receivable Turnover
5.28 5.29 4.49 4.22 4.76 5.68 4.65 4.86 5.36 6.42 5.76
Inventory Turnover
3.28 3.22 3.20 3.37 3.33 3.33 3.22 3.61 3.57 3.89 4.28
Fixed Asset Turnover
11.38 10.18 9.35 8.99 8.26 7.67 7.16 7.25 7.46 8.48 9.18
Accounts Payable Turnover
6.32 6.37 6.84 7.14 7.33 8.69 6.81 6.79 6.55 8.36 7.53
Days Sales Outstanding (DSO)
69.08 69.04 81.22 86.45 76.67 64.26 78.45 75.10 68.03 56.87 63.36
Days Inventory Outstanding (DIO)
111.33 113.22 113.94 108.41 109.74 109.66 113.50 101.21 102.12 93.74 85.18
Days Payable Outstanding (DPO)
57.72 57.26 53.35 51.11 49.80 41.99 53.62 53.79 55.72 43.64 48.49
Cash Conversion Cycle (CCC)
122.69 124.99 141.82 143.75 136.61 131.94 138.34 122.52 114.43 106.96 100.06
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
19,218 19,138 19,119 18,694 18,047 17,777 17,522 16,600 16,543 16,071 16,069
Invested Capital Turnover
0.30 0.30 0.29 0.29 0.30 0.29 0.29 0.30 0.33 0.38 0.43
Increase / (Decrease) in Invested Capital
-418 -401 -395 -654 -1,172 -1,361 -1,597 -2,094 -1,504 -1,706 -1,453
Enterprise Value (EV)
41,046 37,311 59,337 44,091 61,419 62,579 54,604 76,655 100,773 57,331 67,434
Market Capitalization
37,465 33,666 55,608 40,631 58,204 59,280 51,287 73,428 97,658 53,984 64,191
Book Value per Share
$18.33 $18.08 $17.89 $17.66 $17.16 $16.72 $16.41 $15.44 $15.52 $15.37 $15.57
Tangible Book Value per Share
($1.23) ($1.08) ($0.88) ($0.75) ($0.88) ($0.98) ($0.98) ($1.35) ($1.01) ($0.23) $0.18
Total Capital
20,129 20,166 19,543 19,419 18,997 18,625 18,331 17,468 17,491 17,545 17,889
Total Debt
4,492 4,673 4,153 4,186 4,166 4,146 4,126 4,095 4,064 4,233 4,467
Total Long-Term Debt
3,908 3,155 3,135 4,090 4,059 4,028 3,997 3,966 3,934 2,977 3,968
Net Debt
3,581 3,644 3,730 3,460 3,215 3,298 3,317 3,227 3,116 3,347 3,243
Capital Expenditures (CapEx)
54 100 111 54 71 92 48 75 70 93 46
Debt-free, Cash-free Net Working Capital (DFCFNWC)
568 631 677 464 405 451 538 315 275 1,266 1,389
Debt-free Net Working Capital (DFNWC)
1,479 1,659 1,101 1,190 1,356 1,298 1,347 1,183 1,223 2,151 2,613
Net Working Capital (NWC)
894 142 82 1,094 1,249 1,180 1,217 1,053 1,094 896 2,114
Net Nonoperating Expense (NNE)
32 41 64 62 369 109 123 184 35 45 47
Net Nonoperating Obligations (NNO)
3,581 3,644 3,730 3,460 3,215 3,298 3,317 3,227 3,116 2,759 2,647
Total Depreciation and Amortization (D&A)
390 348 347 342 360 338 352 342 326 330 328
Debt-free, Cash-free Net Working Capital to Revenue
9.59% 10.89% 12.05% 8.44% 7.35% 8.43% 10.19% 5.85% 4.76% 19.46% 19.19%
Debt-free Net Working Capital to Revenue
24.98% 28.63% 19.59% 21.64% 24.62% 24.28% 25.51% 22.00% 21.21% 33.09% 36.12%
Net Working Capital to Revenue
15.11% 2.44% 1.46% 19.88% 22.67% 22.07% 23.06% 19.59% 18.96% 13.78% 29.21%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.02) ($0.20) ($0.24) ($0.19) ($0.45) ($0.25) ($0.22) ($0.78) $0.23 $0.21 $0.23
Adjusted Weighted Average Basic Shares Outstanding
851.40M 856.70M 860.90M 862.60M 861.30M 865M 865.70M 865.70M 865.50M 864.80M 862.60M
Adjusted Diluted Earnings per Share
($0.02) ($0.20) ($0.24) ($0.19) ($0.45) ($0.25) ($0.22) ($0.78) $0.23 $0.20 $0.22
Adjusted Weighted Average Diluted Shares Outstanding
851.40M 856.70M 860.90M 862.60M 861.30M 865M 865.70M 865.70M 865.50M 875.60M 870.40M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
856.90M 860M 862.80M 864.50M 866M 865.60M 866.20M 865.30M 866.10M 862.20M 862.10M
Normalized Net Operating Profit after Tax (NOPAT)
19 -86 -115 -100 -5.25 -104 -67 -241 156 213 249
Normalized NOPAT Margin
1.32% -6.49% -8.55% -7.05% -0.37% -8.94% -5.30% -15.91% 8.58% 11.23% 12.42%
Pre Tax Income Margin
-1.64% -17.58% -18.76% -13.22% -6.12% -17.04% -11.49% -49.50% 10.99% 11.39% 11.65%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.47 -3.46 -3.82 -2.78 -0.63 -3.12 -2.07 -14.89 5.23 5.43 5.50
NOPAT to Interest Expense
0.33 -2.42 -2.68 -1.95 -0.44 -2.18 -1.45 -10.42 5.24 4.58 4.66
EBIT Less CapEx to Interest Expense
-0.62 -5.35 -5.89 -3.82 -1.98 -5.00 -3.07 -16.48 3.67 3.53 4.61
NOPAT Less CapEx to Interest Expense
-0.76 -4.32 -4.74 -2.98 -1.79 -4.06 -2.45 -12.01 3.68 2.67 3.77
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-125.02% -122.92% -54.29% -37.08% -22.16% -21.14% -21.47% -14.04% -23.45% -42.22% -200.48%
Augmented Payout Ratio
-195.35% -182.90% -67.50% -46.07% -38.23% -51.75% -70.65% -56.33% -105.37% -228.38% -1,109.57%

Key Financial Trends

Marvell Technology Inc. (NASDAQ: MRVL) has demonstrated notable financial developments over the past few years through its quarterly results ending Q2 2026.

Positive Highlights:

  • Strong revenue growth, with operating revenue increasing from approximately $1.32 billion in Q1 2024 to over $2 billion by Q2 2026, indicating robust top-line expansion.
  • Sustained growth in gross profit margins — gross profit rose to about $1.01 billion in Q2 2026 from $527 million in Q1 2024, showcasing improved operational efficiency.
  • Net income turned positive and showed consistent improvement, moving from losses of over $215 million in Q1 2024 to positive earnings of roughly $195 million in Q2 2026.
  • Operating cash flow has increased significantly, reaching $461.6 million in Q2 2026 compared to $194.8 million in Q1 2023, supporting operational strength and cash generation capacity.
  • Total assets increased from around $22 billion in early 2023 to over $20.58 billion by Q2 2026, with substantial goodwill and intangible assets reflecting strategic acquisitions supporting growth.
  • Stable dividend payments maintained at $0.06 per share throughout many quarters, providing consistent shareholder returns.
  • Repayment of debt intensified in recent quarters, exemplified by $765 million repayment in Q2 2026, indicating focus on deleveraging.

Neutral Observations:

  • Amortization and depreciation expenses remain significant, reflecting ongoing investments in intangible assets and property, plant, and equipment.
  • Shares outstanding have remained relatively stable, with weighted average diluted shares around 860-870 million, suggesting limited dilution risk.
  • Marvell continues active capital expenditures, fluctuating around $40-$110 million each quarter, signaling ongoing investment in capacity and technology.

Negative Factors:

  • Fluctuating and sometimes negatives net income in prior years (e.g., large losses in Q3 2025 of approximately $676 million) before recent recovery, indicating historical volatility and challenges.
  • Significant restructuring charges, notably $358 million in Q3 2025, which can weigh on near-term profitability.
  • High levels of goodwill and intangible assets (over $13 billion combined), which pose potential risks of future impairment charges.
  • Substantial long-term debt levels around $3.9 to $4 billion may elevate financial leverage and credit risk.
  • Large repurchases of common equity in some quarters (e.g., $340 million repurchase in Q2 2026), which while signaling confidence, could also impact liquidity.

Overall, Marvell Technology has exhibited a strong recovery trajectory with improving profitability, revenue growth, and robust cash flows by Q2 2026 after encountering some challenging quarters in 2024 and 2025. The sustained investments and strategic debt management indicate a focus on long-term growth, although elevated intangibles and past volatility merit attention from investors.

09/13/25 06:52 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Marvell Technology's Financials

When does Marvell Technology's fiscal year end?

According to the most recent income statement we have on file, Marvell Technology's financial year ends in February. Their financial year 2025 ended on February 1, 2025.

How has Marvell Technology's net income changed over the last 5 years?

Marvell Technology's net income appears to be on an upward trend, with a most recent value of -$885 million in 2025, falling from $1.58 billion in 2020. The previous period was -$933.40 million in 2024. View Marvell Technology's forecast to see where analysts expect Marvell Technology to go next.

What is Marvell Technology's operating income?
Marvell Technology's total operating income in 2025 was -$720.30 million, based on the following breakdown:
  • Total Gross Profit: $2.38 billion
  • Total Operating Expenses: $3.10 billion
How has Marvell Technology's revenue changed over the last 5 years?

Over the last 5 years, Marvell Technology's total revenue changed from $2.70 billion in 2020 to $5.77 billion in 2025, a change of 113.7%.

How much debt does Marvell Technology have?

Marvell Technology's total liabilities were at $6.78 billion at the end of 2025, a 5.9% increase from 2024, and a 191.0% increase since 2021.

How much cash does Marvell Technology have?

In the past 4 years, Marvell Technology's cash and equivalents has ranged from $613.50 million in 2022 to $950.80 million in 2024, and is currently $948.30 million as of their latest financial filing in 2025.

How has Marvell Technology's book value per share changed over the last 5 years?

Over the last 5 years, Marvell Technology's book value per share changed from 0.00 in 2020 to 15.52 in 2025, a change of 1,551.7%.



This page (NASDAQ:MRVL) was last updated on 9/13/2025 by MarketBeat.com Staff
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