Marvell Technology, Inc. (MRVL) financials: revenue, net income and SEC filings

About Marvell Technology, Inc.

Overview

Marvell Technology, Inc. (MRVL) is listed on Nasdaq; the SEC classifies it under "Semiconductors & Related Devices".

For fiscal 2026 (ended Jan 31, 2026) it reported revenue of $8.19B, up 42.1% from fiscal 2025.

Net income was $2.67B, a net margin of 32.6%.

At fiscal year end it had total assets of $22.29B and stockholders' equity of $14.31B (64.2% of assets).

Fiscal years shown: FY2022–FY2026 (5 years)
Latest 10-K: Mar 11, 2026
Latest filing: 8-KNov 2, 2026

FY2022–FY2026 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2022 to FY2026.
Period	Revenue	Net income	Net margin
FY2022	$4.46B	-$421M	-9.4%
FY2023	$5.92B	-$164M	-2.8%
FY2024	$5.51B	-$933M	-16.9%
FY2025	$5.77B	-$885M	-15.3%
FY2026	$8.19B	$2.67B	32.6%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2022 to FY2026.
Period	Gross margin	Operating margin	Net margin
FY2022	46.3%	-7.8%	-9.4%
FY2023	50.5%	4.0%	-2.8%
FY2024	41.6%	-10.3%	-16.9%
FY2025	41.3%	-12.5%	-15.3%
FY2026	51.0%	16.1%	32.6%

Diluted EPS

Diluted EPS, fiscal years FY2022 to FY2026.
Period	EPS (diluted)
FY2022	-$0.53
FY2023	-$0.19
FY2024	-$1.08
FY2025	-$1.02
FY2026	$3.07

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2022 to FY2026.
Period	Free cash flow	Net income
FY2022	$650M	-$421M
FY2023	$1.08B	-$164M
FY2024	$1.03B	-$933M
FY2025	$1.4B	-$885M
FY2026	$1.4B	$2.67B

Diluted shares

Diluted shares, fiscal years FY2022 to FY2026.
Period	Diluted shares (weighted)
FY2022	797M
FY2023	851M
FY2024	861M
FY2025	866M
FY2026	870M

Cash vs total debt

Cash vs total debt, fiscal years FY2022 to FY2026.
Period	Cash & equivalents	Total debt
FY2022	$614M	$4.61B
FY2023	$911M	$5.08B
FY2024	$951M	$4.17B
FY2025	$948M	$4.06B
FY2026	$2.64B	$4.47B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2026 · 5-year trend

Ratios

Profitability

Gross margin: 51.0%
Operating margin: 16.1%
Net margin: 32.6%
FCF margin: 17.0%
Return on equity: 19.3%
Return on assets: 12.6%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric	1y	3y CAGR
Revenue	up 42.09%	up 11.45%
EPS (diluted)	—	—
Free cash flow	down 0.01%	up 8.85%

Change in share count: +0.49%

Financial strength

Current ratio: 2.01×
Debt / equity: 0.31×
Liabilities / assets: 35.8%
Net debt: $1.83B
Interest coverage: 6.53×
Equity / assets: 64.2%

Shareholder returns

Dividends per share: $0.24
Dividends paid: $205M
Buybacks: $2.04B
Payout ratio: 7.7%
Stock comp. / revenue: 7.2%

Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

7 of 9 checks passed

FY2026 vs FY2025

PassPositive return on assets13.2%
PassPositive operating cash flow$1.75B
PassReturn on assets improved13.2% vs -4.2%
FailOperating cash flow above net income8.7% vs 13.2%
PassLong-term debt / assets fell17.8% vs 19.5%
PassCurrent ratio improved2.01× vs 1.54×
FailNo increase in share count870M vs 866M
PassGross margin improved51.0% vs 41.3%
PassAsset turnover improved0.41× vs 0.27×

Altman Z''-Score

Safe zone (above 2.60)

FY2026

Altman Z''-Score: Components
Components	Ratio	Weight	Points
Working capital / assets	0.145	×6.56	0.95
Retained earnings / assets	0.061	×3.26	0.20
Operating income / assets	0.059	×6.72	0.40
Equity / liabilities	1.794	×1.05	1.88
Z''			3.43

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 5 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
Metric	FY2026Jan 31, 2026	FY2025Feb 1, 2025	FY2024Feb 3, 2024	FY2023Jan 28, 2023	FY2022Jan 29, 2022
Revenue	8,195	5,767	5,508	5,920	4,462
YoY (Revenue)	+42.09%	+4.71%	-6.96%	+32.66%	—
Gross profit	4,181	2,382	2,294	2,988	2,064
Research & development	2,075	1,950	1,896	1,784	1,424
Selling, general & admin.	767	798	834	—	—
Operating income	1,323	-720	-568	238	-348
Interest expense	203	189	212	171	139
Pretax income	3,047	-895	-759	85.1	-483
Income tax	377	-9.7	175	249	-62.5
Net income	2,670	-885	-933	-164	-421
EPS (basic)	3.10	-1.02	-1.08	-0.19	-0.53
EPS (diluted)	3.07	-1.02	-1.08	-0.19	-0.53
Diluted shares (weighted)	870	866	861	851	797

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
Metric	FY2026Jan 31, 2026	FY2025Feb 1, 2025	FY2024Feb 3, 2024	FY2023Jan 28, 2023	FY2022Jan 29, 2022
Cash & equivalents	2,639	948	951	911	614
Receivables	2,187	1,028	1,122	1,192	1,049
Inventory	1,388	1,030	864	1,068	720
Current assets	6,461	3,120	3,063	3,281	2,493
Goodwill	11,062	11,587	11,587	11,587	11,511
Intangible assets	1,755	2,711	4,004	5,102	6,153
Total assets	22,285	20,205	21,229	22,522	22,109
Current liabilities	3,221	2,027	1,814	2,387	1,389
Short-term debt	500	130	107	1,169	126
Long-term debt	3,971	3,934	4,059	3,908	4,485
Total liabilities	7,977	6,778	6,397	6,885	6,407
Retained earnings	1,356	-1,109	-16.7	1,124	1,491
Stockholders' equity	14,308	13,427	14,831	15,637	15,702
Shares outstanding	847	866	866	856	847

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
Metric	FY2026Jan 31, 2026	FY2025Feb 1, 2025	FY2024Feb 3, 2024	FY2023Jan 28, 2023	FY2022Jan 29, 2022
Operating cash flow	1,751	1,681	1,371	1,289	819
Capital expenditures	354	285	336	206	169
Free cash flow	1,396	1,397	1,034	1,083	650
YoY (Free cash flow)	-0.01%	+35.04%	-4.47%	+66.54%	—
Depreciation & amortization	—	—	—	305	266
Stock-based compensation	591	597	610	552	461
Share repurchases	2,040	725	150	115	0
Dividends paid	205	208	207	204	191
Dividends per share	0.24	0.24	0.24	0.24	0.24

Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2026 · per diluted weighted share

EPS (diluted): $3.07
Revenue per share: $9.42
FCF per share: $1.61
Book value per share: $16.45
Tangible book per share: $1.71
Cash per share: $3.03
Dividends per share: $0.24
Public floatas of Aug 1, 2025: $64.1B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2026)

Share price (USD)

Market capPrice × diluted weighted shares: —
P/EPrice ÷ diluted EPS: —
P/BPrice ÷ book value per share: —
P/SPrice ÷ revenue per share: —
P/FCFPrice ÷ FCF per share: —
Dividend yieldDividends per share ÷ price: —

SEC EDGAR

Filing timeline

Nov 2, 20268-KNew
Current report· Nov 1, 2026(SEC EDGAR)
- 1.01Material agreement
- 9.01Financial statements and exhibits
Nov 2, 20268-KNew
Current report· Nov 1, 2026(SEC EDGAR)
- 2.02Results of operations
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits
Oct 23, 20268-K
Current report· Oct 22, 2026(SEC EDGAR)
- 1.01Material agreement
- 9.01Financial statements and exhibits
Sep 25, 20268-K
Current report· Sep 25, 2026(SEC EDGAR)
- 8.01Other events
- 9.01Financial statements and exhibits
Aug 28, 202610-Q
Quarterly report· Aug 1, 2026(SEC EDGAR)
Aug 27, 20268-K
Current report· Aug 27, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
Aug 19, 20268-K
Current report· Aug 18, 2026(SEC EDGAR)
- 1.01Material agreement
- 3.02Unregistered sale of equity
- 9.01Financial statements and exhibits
Jul 9, 20268-K
Current report· Jul 9, 2026(SEC EDGAR)
- 8.01Other events
- 9.01Financial statements and exhibits
Jun 25, 20268-K
Current report· Jun 25, 2026(SEC EDGAR)
- 5.07Shareholder vote results
- 8.01Other events
- 9.01Financial statements and exhibits
Jun 11, 20268-K
Current report· Jun 10, 2026(SEC EDGAR)
- 5.02Officer or director changes
- 7.01Regulation FD disclosure
- 9.01Financial statements and exhibits

All filings on SEC EDGAR

SIC 3674 · Semiconductors & Related Devices

Peers (same SIC code)

Peers (same SIC code)
Ticker	Revenue (FY)	YoY	Net margin	ROE	F-Score	5y revenue
NVDANVIDIA CORP	$216B	—	55.6%	—	—	—
MUMICRON TECHNOLOGY INC	$133B	—	63.8%	—	—	—
AVGOBroadcom Inc.	$63.9B	—	—	—	—	—
INTCINTEL CORP	$52.9B	—	-0.5%	—	—	—
AMDADVANCED MICRO DEVICES INC	$34.6B	—	12.5%	—	—	—
AMATAPPLIED MATERIALS INC	$28.4B	—	24.7%	—	—	—
TXNTEXAS INSTRUMENTS INC	$17.7B	—	28.3%	—	—	—
MRVLMarvell Technology, Inc. (This company)	$8.19B	up 42.09%	32.6%	19.3%	7/9
ARMARM HOLDINGS PLC	—	—	—	—	—	—
Peer median	$52.9B	—	26.5%	—	—	—

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does Marvell Technology, Inc. do?

The SEC classifies Marvell Technology, Inc. under Standard Industrial Classification (SIC) code 3674, "Semiconductors & Related Devices". It is headquartered in Wilmington, DE. It is incorporated in DE. In fiscal 2026 it reported revenue of $8.19B and net income of $2.67B in its annual 10-K report.

What was Marvell Technology, Inc.'s revenue in 2026?

Marvell Technology, Inc. reported revenue of $8.19B for fiscal 2026, which ended Jan 31, 2026, up 42.1% from $5.77B in fiscal 2025, according to its annual 10-K report filed with the SEC on Mar 11, 2026.

What was Marvell Technology, Inc.'s net income in 2026?

Marvell Technology, Inc. reported net income of $2.67B for fiscal 2026, a net margin of 32.6% of revenue.

Where is Marvell Technology, Inc. listed?

According to the SEC, Marvell Technology, Inc.'s ticker MRVL is listed on Nasdaq.

When does Marvell Technology, Inc.'s fiscal year end?

According to the SEC, Marvell Technology, Inc.'s fiscal year ends on January 30; its latest reported fiscal year (2026) ended Jan 31, 2026.

MRVL Marvell Technology, Inc.

FY2026 at a glance

Overview

Charts

Revenue and net income

Gross, operating and net margin

Diluted EPS

Free cash flow vs net income

Diluted shares

Cash vs total debt

Ratios

Profitability

Growth

Financial strength

Shareholder returns

Quality screens

Piotroski F-Score

Altman Z''-Score

Financial statements

Income statement

Balance sheet

Cash flow

Filing timeline

Peers (same SIC code)

Frequently asked questions

What does Marvell Technology, Inc. do?

What was Marvell Technology, Inc.'s revenue in 2026?

What was Marvell Technology, Inc.'s net income in 2026?

Where is Marvell Technology, Inc. listed?

When does Marvell Technology, Inc.'s fiscal year end?

Revenue and net income

Gross, operating and net margin

Diluted EPS

Free cash flow vs net income

Diluted shares

Cash vs total debt

Profitability

Growthi1y is the change vs the previous fiscal year; longer periods are compound annual growth rates, shown only when both ends are positive.

Financial strength

Shareholder returns

Piotroski F-ScoreiNine pass/fail checks on profitability, leverage and efficiency (Piotroski, 2000).

Altman Z''-Scorei6.56 × working capital/assets + 3.26 × retained earnings/assets + 6.72 × operating income/assets + 1.05 × equity/liabilities (Altman, 1995).

Income statement

Balance sheet

Cash flow

Price ratio calculator

What does Marvell Technology, Inc. do?

What was Marvell Technology, Inc.'s revenue in 2026?

What was Marvell Technology, Inc.'s net income in 2026?

Where is Marvell Technology, Inc. listed?

When does Marvell Technology, Inc.'s fiscal year end?

Growth

Piotroski F-Score

Altman Z''-Score