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Marvell Technology, Inc.

CIK: 1835632 SIC: 3674
$8.19B
Revenue
$2.67B
Net Income
51.02%
Gross Margin
16.14%
Op. Margin
$2.24B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 5 annual reports available (2021 - 2026)
Breakdown TTM
(Jan 31, 2026)
FY 2026
(Jan 31, 2026)
FY 2024
(Jan 31, 2025)
FY 2023
(Jan 31, 2024)
FY 2022
(Jan 31, 2023)
FY 2021
(Jan 31, 2022)
+ Total Revenue $8.19B $8.19B $5.77B $5.51B $5.92B $4.46B
Revenue Growth % 0.0% 42.1% 4.7% -7.0% 32.7% nan%
Cost of Revenue $4.01B $4.01B $3.39B $3.21B $2.93B $2.40B
+ Gross Profit $4.18B $4.18B $2.38B $2.29B $2.99B $2.06B
Gross Margin % 51.0% 51.0% 41.3% 41.6% 50.5% 46.3%
Operating Expenses $2.86B $2.86B $3.10B $2.86B $2.75B $2.41B
Research & Development $2.08B $2.08B $1.95B $1.90B $1.78B $1.42B
Selling General & Admin $767.10M $767.10M $798.20M $834.00M $843.60M $955.30M
+ Operating Income $1.32B $1.32B $-720.30M $-567.70M $238.00M $-347.67M
Operating Margin % 16.1% 16.1% -12.5% -10.3% 4.0% -7.8%
Interest Expense $187.30M $187.30M $189.40M $211.70M $170.60M $139.34M
Other Income/Expense $1.93B $1.93B $-174.40M $11.90M $12.40M $2.76M
Income Before Tax - $3.05B - - $85.10M $-483.50M
Income Tax Expense $376.50M $376.50M $-9.70M $174.70M $248.60M $-62.46M
+ Net Income $2.67B $2.67B $-885.00M $-933.40M $-163.50M $-421.03M
Net Margin % 32.6% 32.6% -15.3% -16.9% -2.8% -9.4%
Basic EPS nan 3.10 -1.02 -1.08 -0.19 -0.53
Diluted EPS nan 3.07 -1.02 -1.08 -0.19 -0.53
Basic Shares Outstanding -100K 861.0M 865.5M 861.3M 851.4M 796.9M
Diluted Shares Outstanding -200K 869.7M 865.5M 861.3M 851.4M 796.9M
Breakdown FY 2026
(Jan 31, 2026)
FY 2024
(Jan 31, 2025)
FY 2023
(Jan 31, 2024)
FY 2022
(Jan 31, 2023)
FY 2021
(Jan 31, 2022)
Cash & Cash Equivalents $2.64B $948.30M $950.80M $911.00M $613.53M
Accounts Receivable $2.19B $1.03B $1.12B $1.19B $1.05B
Inventory $1.39B $1.03B $864.40M $1.07B $720.33M
Other Current Assets $247.20M $113.90M $125.90M $109.60M $111.00M
Total Current Assets $6.46B $3.12B $3.06B $3.28B $2.49B
Property Plant & Equipment $935.00M $790.50M $756.00M $577.40M $462.77M
Goodwill $11.06B $11.59B $11.59B $11.59B $11.51B
Intangible Assets $1.75B $2.71B $4.00B $5.10B $6.15B
Other Non-current Assets $1.73B $1.59B $1.51B $1.51B $994.32M
Total Assets $22.29B $20.20B $21.23B $22.52B $22.11B
Accounts Payable $1.07B $622.20M $411.30M $465.80M $461.51M
Short-term Debt $499.80M $129.50M $107.30M $584.40M $63.17M
Accrued Liabilities $1.34B $972.60M $1.03B $1.09B -
Deferred Revenue $40.10M - - - -
Total Current Liabilities $3.22B $2.03B $1.81B $2.39B $1.39B
Long-term Debt $4.47B - - $3.91B $4.48B
Deferred Tax Liabilities $20.50M - - - -
Other Non-current Liabilities $785.60M $816.40M $524.30M $590.50M $533.15M
Total Liabilities $7.98B $6.78B $6.40B $6.88B $6.41B
Common Stock $1.70M $1.70M $1.70M $1.70M $1.69M
Retained Earnings $1.36B $-1.11B $-16.70M $1.12B $1.49B
Total Stockholders Equity $14.31B $13.43B $14.83B $15.64B $15.70B
Total Liabilities & Equity $22.29B $20.20B $21.23B $22.52B $22.11B
Breakdown TTM
(Jan 31, 2026)
FY 2026
(Jan 31, 2026)
FY 2024
(Jan 31, 2025)
FY 2023
(Jan 31, 2024)
FY 2022
(Jan 31, 2023)
FY 2021
(Jan 31, 2022)
Net Income $2.67B $2.67B $-885.00M $-933.40M $-163.50M $-421.03M
Depreciation & Amortization - - - - $304.90M $265.93M
Stock-based Compensation $1.03B $590.80M $597.40M $609.80M $552.40M $460.68M
Deferred Income Tax $28.70M $42.20M $-111.90M $150.80M $50.40M $-93.89M
Change in Receivables $1.70B $1.16B $-93.20M $-70.60M $142.70M $409.08M
Change in Inventory $514.20M $389.80M $230.00M $-201.90M $385.90M $291.89M
Change in Payables $193.80M $299.30M $181.50M $-149.10M $-87.80M $93.16M
Operating Cash Flow $2.88B $1.75B $1.68B $1.37B $1.29B $819.37M
Capital Expenditure $639.20M $354.10M $284.60M $336.30M $206.20M $169.32M
Acquisitions - - $10.40M - $112.30M $3.55B
Investing Cash Flow $1.83B $2.10B $-300.70M $-350.50M $-328.40M $-3.75B
Debt Repayment $1.61B $790.60M $109.40M $1.62B $265.60M $526.88M
Stock Repurchased $2.92B $2.04B $725.00M $150.00M $115.00M -
Dividends Paid $360.40M $205.10M $207.50M $206.80M $204.40M $191.05M
Financing Cash Flow $-2.81B $-2.16B $-1.38B $-980.20M $-662.90M $2.79B
Net Change in Cash $1.90B $1.69B $-2.50M $39.80M $297.50M $-134.93M
SEC Filing Format - Data shown as it appears in the Q3 2026 (10-Q) filing Period ended: Oct 31, 2025
Condensed Consolidated Statements of Operations
Description Oct 31, 2025 Oct 31, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.07B - $5.98B -
Cost of Revenue $1.00B - $2.94B -
Gross Profit $1.07B - $3.03B -
Operating Expenses $712.00M - $2.11B -
Research & Development $512.50M - $1.54B -
Selling General & Admin $189.90M - $569.10M -
Operating Income $357.80M - $918.50M -
Interest Expense $51.20M - $151.80M -
Other Income/Expense $1.91B - $1.90B -
Income Tax Expense $314.10M - $391.00M -
Net Income $1.90B $-193.30M $2.27B -
Basic EPS 2.22 - 2.64 -
Diluted EPS 2.20 - 2.61 -
Basic Shares Outstanding $855.80M - $861.10M -
Diluted Shares Outstanding $863.70M - $869.90M -
Condensed Consolidated Balance Sheets
Description Oct 31, 2025 Jan 31, 2025
Cash & Cash Equivalents $2.71B $948.30M
Accounts Receivable $1.55B $1.03B
Inventory $1.01B $1.03B
Other Current Assets $237.20M $113.90M
Total Current Assets $5.51B $3.12B
Property Plant & Equipment $854.80M $790.50M
Goodwill $11.06B $11.59B
Intangible Assets $1.98B $2.71B
Other Non-current Assets $1.77B $1.59B
Total Assets $21.58B $20.20B
Accounts Payable $633.70M $622.20M
Short-term Debt $499.50M $129.50M
Accrued Liabilities $1.35B $972.60M
Total Current Liabilities $2.74B $2.03B
Other Non-current Liabilities $816.30M $816.40M
Total Liabilities $7.52B $6.78B
Common Stock $1.70M $1.70M
Retained Earnings $1.01B $-1.11B
Total Stockholders Equity $14.06B $13.43B
Total Liabilities & Equity $21.58B $20.20B
Condensed Consolidated Statements of Cash Flows
Description Oct 31, 2025 Oct 31, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $1.90B $-193.30M $2.27B -
Stock-based Compensation - - $447.80M -
Deferred Income Tax - - $-2.20M -
Change in Receivables - - $518.00M -
Change in Inventory - - $19.30M -
Change in Payables - - $-79.10M -
Operating Cash Flow - - $1.38B -
Capital Expenditure - - $239.80M -
Acquisitions - - - -
Investing Cash Flow - - $2.22B -
Debt Repayment - - $790.60M -
Stock Repurchased - - $1.84B -
Dividends Paid - - $154.30M -
Financing Cash Flow - - $-1.83B -
Net Change in Cash - - $1.77B -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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