Marvell Technology Financial Statements
NASDAQ: MRVLTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Marvell Technology revenue and earnings
In fiscal 2026, Marvell Technology generated $8.19 billion in revenue, up 42.1% from fiscal 2025, its 2nd consecutive year of revenue growth. Net income was $2.67 billion, for a net margin of 32.6% versus a median of -9.4% in the prior 5 years. Gross margin was 51.0% (up from 41.3%) and operating margin 16.1%.
Diluted earnings per share came in at $3.07. Over the last 5 fiscal years, MRVL's revenue has grown at a 22.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Marvell Technology income statement (annual)
| Fiscal year (USD) | FY 20262026-01-31 | FY 20252025-02-01 | FY 20242024-02-03 | FY 20232023-01-28 | FY 20222022-01-29 | FY 20212021-01-30 | FY 20202020-02-01 |
|---|---|---|---|---|---|---|---|
| Revenue | 8.19B | 5.77B | 5.51B | 5.92B | 4.46B | 2.97B | 2.70B |
| Revenue growth (YoY) | +42.09% | +4.71% | -6.96% | +32.66% | +50.30% | +9.99% | — |
| Cost of Revenue | 4.01B | 3.39B | 3.21B | 2.93B | 2.40B | 1.48B | 1.34B |
| Gross Profit | 4.18B | 2.38B | 2.29B | 2.99B | 2.06B | 1.49B | 1.36B |
| Operating Expenses | 2.86B | 3.10B | 2.86B | 2.75B | 2.41B | 1.75B | 1.60B |
| Research & Development | 2.08B | 1.95B | 1.90B | 1.78B | 1.42B | 1.07B | 1.08B |
| Selling, General & Admin | 767.10M | 798.20M | 834.00M | 843.60M | 955.30M | — | — |
| Operating Income | 1.32B | -720.30M | -567.70M | 238.00M | -347.70M | -258.40M | -243.36M |
| Interest Expense | 202.60M | 189.40M | 211.70M | 170.60M | 139.30M | 69.30M | 85.63M |
| Other Income (Expense) | 1.72B | -174.40M | -191.00M | -152.90M | -135.80M | -63.80M | 1.04B |
| Pretax Income | 3.05B | -894.70M | -758.70M | 85.10M | -483.50M | -322.20M | 798.38M |
| Income Tax | 376.50M | -9.70M | 174.70M | 248.60M | -62.50M | -44.90M | -786.01M |
| Net Income | 2.67B | -885.00M | -933.40M | -163.50M | -421.00M | -277.30M | 1.58B |
| Net Income growth (YoY) | — | — | — | — | — | -117.50% | — |
| EPS (Basic) | 3.10 | -1.02 | -1.08 | -0.19 | -0.53 | -0.41 | 2.38 |
| EPS (Diluted) | 3.07 | -1.02 | -1.08 | -0.19 | -0.53 | -0.41 | 2.34 |
| Shares Outstanding (Basic) | 861.00M | 865.50M | 861.30M | 851.40M | 796.90M | 668.80M | 664.71M |
| Shares Outstanding (Diluted) | 869.70M | 865.50M | 861.30M | 851.40M | 796.90M | 668.80M | 676.09M |
| EBITDA | 1.54B | -543.30M | -419.50M | 542.90M | -81.80M | -60.50M | -86.70M |
| Gross Margin | 51.02% | 41.31% | 41.64% | 50.47% | 46.26% | 50.13% | 50.27% |
| Operating Margin | 16.14% | -12.49% | -10.31% | 4.02% | -7.79% | -8.70% | -9.02% |
| Net Margin | 32.58% | -15.35% | -16.95% | -2.76% | -9.43% | -9.34% | 58.70% |
This table shows 7 annual periods of Marvell Technology's income statement, from FY 2026 back to FY 2020, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MRVL's reporting calendar. What is a income statement?