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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 Quarterly (10-Q)
Showing 14 of 15 quarterly reports available
Breakdown Q4 2026
(Jan 31, 2026)
Q3 2026
(Oct 31, 2025)
Q2 2026
(Jul 31, 2025)
Q1 2026
(Apr 30, 2025)
Q4 2025
(Jan 31, 2025)
Q3 2025
(Oct 31, 2024)
Q2 2025
(Jul 31, 2024)
Q1 2025
(Apr 30, 2024)
Q4 2024
(Jan 31, 2024)
Q3 2024
(Oct 31, 2023)
Q2 2024
(Jul 31, 2023)
Q1 2024
(Apr 30, 2023)
Q4 2023
(Jan 31, 2023)
Q3 2023
(Oct 31, 2022)
+ Total Revenue $2.22B $2.07B $2.01B $1.90B $1.82B $1.52B $1.27B $1.16B $1.43B $1.42B $1.34B $1.32B $1.42B $1.54B
Revenue Growth % (YoY) 22.1% 36.8% 57.6% 63.3% 27.4% 6.9% -5.1% -12.2% 0.6% -7.7% nan% nan% nan% nan%
Cost of Revenue $1.07B $1.00B $995.50M $942.90M $900.00M $1.17B $685.30M $633.10M $762.40M $867.40M $819.80M $764.50M $745.20M $760.00M
+ Gross Profit $1.15B $1.07B $1.01B $952.40M $917.40M $349.40M $587.60M $527.80M $664.10M $551.20M $521.10M $557.20M $673.30M $777.30M
Gross Margin % 51.7% 51.6% 50.4% 50.3% 50.5% 23.0% 46.2% 45.5% 46.6% 38.9% 38.9% 42.2% 47.5% 50.6%
Operating Expenses $743.50M $712.00M $720.50M $681.80M $682.20M $1.05B $688.00M $680.10M $697.40M $697.50M $726.80M $739.60M $650.00M $671.50M
Research & Development $536.00M $512.50M $519.00M $507.70M $499.00M $488.60M $486.70M $476.10M $459.60M $481.10M $474.80M $480.70M $443.10M $448.10M
Selling General & Admin $198.00M $189.90M $192.80M $186.40M $195.70M $205.30M $197.30M $199.90M $212.00M $213.00M $210.00M $199.00M $203.40M $207.80M
+ Operating Income $404.40M $357.80M $290.10M $270.60M $235.20M $-702.80M $-100.40M $-152.30M $-33.30M $-146.30M $-205.70M $-182.40M $23.30M $105.80M
Operating Margin % 18.2% 17.2% 14.5% 14.3% 12.9% -46.4% -7.9% -13.1% -2.3% -10.3% -15.3% -13.8% 1.6% 6.9%
Interest Expense $35.50M $51.20M $51.90M $48.70M $45.00M $47.20M $48.40M $48.80M $52.60M $52.60M $53.80M $52.70M $49.30M $45.20M
Other Income/Expense $28.00M $1.91B $-4.50M $-6.00M $-35.40M $-47.70M $-45.80M $-45.50M $-4.40M $9.70M $6.30M $300.00K $300.00K $3.20M
Income Tax Expense $-14.50M $314.10M $38.90M $38.00M $-400.00K $-74.20M $47.10M $17.80M $305.40M $-23.20M $-44.10M $-63.40M $-7.80M $52.00M
+ Net Income $396.10M $1.90B $194.80M $177.90M $200.20M $-676.30M $-193.30M $-215.60M $-392.70M $-164.30M $-207.50M $-168.90M $-15.40M $13.30M
Net Margin % 17.9% 91.7% 9.7% 9.4% 11.0% -44.6% -15.2% -18.6% -27.5% -11.6% -15.5% -12.8% -1.1% 0.9%
Basic EPS nan 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
Diluted EPS nan 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
Basic Shares Outstanding -100K 855.8M 862.6M 864.8M - 865.7M 865.7M 865.0M 1.2M 862.6M 860.9M 856.7M 900K 852.6M
Diluted Shares Outstanding -200K 863.7M 870.4M 875.6M - 865.7M 865.7M 865.0M 1.2M 862.6M 860.9M 856.7M 900K 858.4M
Breakdown Q4 2026
(Jan 31, 2026)
Q3 2026
(Oct 31, 2025)
Q2 2026
(Jul 31, 2025)
Q1 2026
(Apr 30, 2025)
Q4 2025
(Jan 31, 2025)
Q3 2025
(Oct 31, 2024)
Q2 2025
(Jul 31, 2024)
Q1 2025
(Apr 30, 2024)
Q4 2024
(Jan 31, 2024)
Q3 2024
(Oct 31, 2023)
Q2 2024
(Jul 31, 2023)
Q1 2024
(Apr 30, 2023)
Q4 2023
(Jan 31, 2023)
Q3 2023
(Oct 31, 2022)
Cash & Cash Equivalents $2.64B $2.71B $1.22B $885.90M $948.30M $868.10M $808.70M $847.70M $950.80M $725.60M $423.40M $1.03B $911.00M $723.40M
Accounts Receivable $2.19B $1.55B $1.45B $1.14B $1.03B $997.90M $1.06B $881.90M $1.12B $1.21B $1.21B $1.00B $1.19B $1.39B
Inventory $1.39B $1.01B $1.05B $1.07B $1.03B $859.40M $817.80M $826.40M $864.40M $941.50M $1.02B $1.03B $1.07B $957.50M
Other Current Assets $247.20M $237.20M $189.70M $148.10M $113.90M $91.40M $77.30M $91.70M $125.90M $91.50M $118.80M $147.70M $109.60M $107.70M
Total Current Assets $6.46B $5.51B $4.51B $3.84B $3.12B $2.82B $2.76B $2.65B $3.06B $2.97B $2.77B $3.20B $3.28B $3.18B
Property Plant & Equipment $935.00M $854.80M $794.50M $774.70M $790.50M $781.90M $781.50M $758.00M $756.00M $701.60M $693.80M $636.20M $577.40M $521.50M
Goodwill $11.06B $11.06B $11.06B $11.06B $11.59B $11.59B $11.59B $11.59B $11.59B $11.59B $11.59B $11.59B $11.59B $11.58B
Intangible Assets $1.75B $1.98B $2.21B $2.45B $2.71B $2.96B $3.46B $3.74B $4.00B $4.29B $4.56B $4.83B $5.10B $5.37B
Other Non-current Assets $1.73B $1.77B $1.60B $1.49B $1.59B $1.17B $1.35B $1.43B $1.51B $1.40B $1.44B $1.41B $1.51B $1.42B
Total Assets $22.29B $21.58B $20.59B $20.02B $20.20B $19.72B $20.29B $20.49B $21.23B $21.71B $21.75B $22.27B $22.52B $22.52B
Accounts Payable $1.07B $633.70M $610.70M $562.70M $622.20M $538.10M $453.40M $320.90M $411.30M $419.10M $412.80M $388.40M $465.80M $476.20M
Short-term Debt $499.80M $499.50M $499.30M $1.26B $129.50M $129.40M $129.30M $118.30M $107.30M $96.30M $1.02B $1.52B $584.40M $584.00M
Accrued Liabilities $1.34B $1.35B $1.08B $939.80M $972.60M $825.20M $763.80M $861.00M $1.03B - - - $1.09B -
Deferred Revenue $40.10M - - - - - - - - - - - - -
Total Current Liabilities $3.22B $2.74B $2.40B $2.94B $2.03B $1.76B $1.55B $1.47B $1.81B $1.88B $2.69B $3.06B $2.39B $2.42B
Long-term Debt $4.47B - - - - - - - - - - - $3.91B -
Deferred Tax Liabilities $20.50M - - - - - - - - - - - - -
Other Non-current Liabilities $785.60M $816.30M $797.40M $792.20M $816.40M $613.60M $545.50M $517.00M $524.30M $511.80M $540.90M $563.00M $590.50M $615.30M
Total Liabilities $7.98B $7.52B $7.16B $6.71B $6.78B $6.34B $6.09B $6.01B $6.40B $6.48B $6.36B $6.78B $6.88B $6.96B
Common Stock $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M $1.70M
Retained Earnings $1.36B $1.01B $-840.00M $-983.10M $-1.11B $-1.26B $-529.30M $-284.10M $-16.70M $427.90M $644.00M $903.20M $1.12B $1.19B
Total Stockholders Equity $14.31B $14.06B $13.42B $13.31B $13.43B $13.37B $14.20B $14.48B $14.83B $15.23B $15.39B $15.49B $15.64B $15.56B
Total Liabilities & Equity $22.29B $21.58B $20.59B $20.02B $20.20B $19.72B $20.29B $20.49B $21.23B $21.71B $21.75B $22.27B $22.52B $22.52B
Breakdown Q4 2026
(Jan 31, 2026)
Q3 2026
(Oct 31, 2025)
Q2 2026
(Jul 31, 2025)
Q1 2026
(Apr 30, 2025)
Q4 2025
(Jan 31, 2025)
Q3 2025
(Oct 31, 2024)
Q2 2025
(Jul 31, 2024)
Q1 2025
(Apr 30, 2024)
Q4 2024
(Jan 31, 2024)
Q3 2024
(Oct 31, 2023)
Q2 2024
(Jul 31, 2023)
Q1 2024
(Apr 30, 2023)
Q4 2023
(Jan 31, 2023)
Q3 2023
(Oct 31, 2022)
Net Income $396.10M $1.90B $194.80M $177.90M $200.20M $-676.30M $-193.30M $-215.60M $-392.70M $-540.70M $-207.50M $-168.90M $-15.40M $13.30M
Stock-based Compensation $143.00M $447.80M $295.70M $142.10M $147.60M $449.80M $291.40M $136.50M $155.30M $454.50M $296.00M $143.20M $130.70M $421.70M
Deferred Income Tax $44.40M $-2.20M $-9.20M $-4.30M $-5.70M $-106.20M $-58.30M $-22.20M $434.50M $-283.70M $-226.70M $-139.10M $-3.20M $53.60M
Change in Receivables $640.20M $518.00M $423.30M $115.60M $30.50M $-123.70M $-61.50M $-239.70M $-93.00M $22.40M $16.90M $-191.30M $-198.80M $341.50M
Change in Inventory $370.50M $19.30M $54.50M $69.90M $169.80M $60.20M $-48.00M $-38.80M $-78.80M $-123.10M $-52.50M $-41.20M $122.50M $263.40M
Change in Payables $378.40M $-79.10M $-68.10M $-37.40M $71.70M $109.80M $34.80M $-58.30M $-61.60M $-87.50M $-86.80M $-104.80M $-53.90M $-33.90M
Operating Cash Flow $373.70M $1.38B $794.50M $332.90M $514.00M $1.17B $630.90M $324.50M $546.60M $823.90M $320.90M $208.40M $351.50M $937.30M
Capital Expenditure $114.30M $239.80M $166.30M $118.80M $69.90M $214.70M $139.70M $91.50M $71.00M $265.30M $210.90M $99.80M $54.00M $152.20M
Acquisitions - - - - - $10.40M $10.40M - $-5.50M $5.50M $5.50M - $9.30M $103.00M
Investing Cash Flow $-122.10M $2.22B $-171.30M $-94.10M $-70.30M $-230.40M $-154.90M $-101.90M $-76.20M $-274.30M $-219.70M $-102.70M $-64.20M $-264.20M
Debt Repayment - $790.60M $790.60M $32.80M $32.80M $76.60M $43.80M $21.90M $21.90M $1.60B $593.70M $21.90M $21.80M $243.80M
Stock Repurchased $200.10M $1.84B $540.00M $340.00M $200.00M $525.00M $325.00M $150.00M $100.00M $50.00M - - - $115.00M
Dividends Paid $50.80M $154.30M $103.50M $51.80M $51.90M $155.60M $103.70M $51.80M $51.90M $154.90M $103.10M $51.40M $51.30M $153.10M
Financing Cash Flow $-327.30M $-1.83B $-347.10M $-301.20M $-363.50M $-1.02B $-618.10M $-325.70M $-245.20M $-735.00M $-588.80M $11.60M $-99.70M $-563.20M
Net Change in Cash $-75.70M $1.77B $276.10M $-62.40M $80.20M $-82.70M $-142.10M $-103.10M $225.20M $-185.40M $-487.60M $117.30M $187.60M $109.90M
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-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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