Marvell Technology, Inc. (MRVL) Financial Statements

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Marvell Technology financial statements at a glance

Marvell Technology reported revenue of $8.19 billion for fiscal year 2026 (ended January 31, 2026), up 42.1% from fiscal year 2025. Net income was $2.67 billion, a net margin of 32.6%, and diluted earnings per share were $3.07.

At the end of fiscal year 2026 it had total assets of $22.29 billion, total liabilities of $7.98 billion and shareholders' equity of $14.31 billion, with cash and short-term investments of $2.64 billion and total debt of $4.79 billion.

Its operations brought in $1.75 billion of cash; capital spending was $358.60 million, leaving free cash flow of $1.39 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended January 31, 2026.

MRVL logo

Marvell Technology, Inc.

MRVLUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
8.19B
Prev Year: 5.77B
YoY: +42.1%
Operating Revenue
8.19B
Prev Year: 5.77B
YoY: +42.1%
Net Income from Continuing Operation Net Minority Interest
2.67B
Prev Year: -885.00M
YoY: +401.7%
Total Unusual Items Excluding Goodwill
-15.50M
Prev Year: -353.90M
YoY: +95.6%
Total Unusual Items
-15.50M
Prev Year: -353.90M
YoY: +95.6%
Normalized EBITDA
4.56B
Prev Year: 1.01B
YoY: +353.0%
Tax Rate for Calcs
0.124
Prev Year: 0
Tax Effect of Unusual Items
-1.92M
Prev Year: -3.84M
YoY: +49.9%
Cost of Revenue
4.01B
Prev Year: 3.39B
YoY: +18.6%
Gross Profit
4.18B
Prev Year: 2.38B
YoY: +75.5%
Operating Expense
2.84B
Prev Year: 2.75B
YoY: +3.4%
Selling General and Administrative
767.10M
Prev Year: 798.20M
YoY: -3.9%
Research and Development
2.08B
Prev Year: 1.95B
YoY: +6.4%
Operating Income
1.34B
Prev Year: -366.40M
YoY: +465.3%
Net Non Operating Interest Income Expense
1.72B
Prev Year: -174.40M
YoY: +1088.4%
Non-operating Interest Income
1.93B
Prev Year: 15.00M
YoY: +12742.0%
Non-operating Interest Expense
202.60M
Prev Year: 189.40M
YoY: +7.0%
Other Income Expense
-15.50M
Prev Year: -353.90M
YoY: +95.6%
Special Income Charges
-15.50M
Prev Year: -353.90M
YoY: +95.6%
Gain on Sale of Securities
-
Restructuring and Mergers Acquisition
15.50M
Prev Year: 353.90M
YoY: -95.6%
Pre-tax Income
3.05B
Prev Year: -894.70M
YoY: +440.5%
Provision for Income Taxes
376.50M
Prev Year: -9.70M
YoY: +3981.4%
Net Income Common Stockholders
2.67B
Prev Year: -885.00M
YoY: +401.7%
Net Income
2.67B
Prev Year: -885.00M
YoY: +401.7%
Net Income Including Non-Controlling Interests
2.67B
Prev Year: -885.00M
YoY: +401.7%
Net Income from Continuing Operations
2.67B
Prev Year: -885.00M
YoY: +401.7%
Diluted NI Available to Com Stockholders
2.67B
Prev Year: -885.00M
YoY: +401.7%
Basic EPS
3.1
Diluted EPS
3.07
Weighted Average Shares (basic)
861.00M
Prev Year: 865.50M
YoY: -0.5%
Weighted Average Shares (diluted)
869.70M
Prev Year: 865.50M
YoY: +0.5%
Total Operating Income as Reported
1.32B
Prev Year: -720.30M
YoY: +283.7%
Total Expenses
6.86B
Prev Year: 6.13B
YoY: +11.8%
Net Income from Continuing and Discontinued Operation
2.67B
Prev Year: -885.00M
YoY: +401.7%
Normalized Income
2.68B
Prev Year: -534.94M
YoY: +601.7%
Interest Income
1.93B
Prev Year: 15.00M
YoY: +12742.0%
Interest Expense
202.60M
Prev Year: 189.40M
YoY: +7.0%
Net Interest Income
1.72B
Prev Year: -174.40M
YoY: +1088.4%
EBIT
3.25B
Prev Year: -705.30M
YoY: +560.7%
EBITDA
4.54B
Prev Year: 651.60M
YoY: +596.7%
Reconciled Cost of Revenue
4.01B
Prev Year: 3.39B
YoY: +18.6%
Reconciled Depreciation
1.29B
Prev Year: 1.36B
YoY: -4.9%
Values in USD

Marvell Technology key figures by fiscal year

FY2026FY2025FY2024FY2023FY2022
Revenue$8.2B$5.8B$5.5B$5.9B$4.5B
Gross profit$4.2B$2.4B$2.3B$3.0B$2.1B
Operating income$1.3B-$366.4M-$436.6M$359.6M-$315.3M
Net income$2.7B-$885.0M-$933.4M-$163.5M-$421.0M
Diluted EPS$3.07–-$1.08-$0.19-$0.53
Total assets$22.3B$20.2B$21.2B$22.5B$22.1B
Total liabilities$8.0B$6.8B$6.4B$6.9B$6.4B
Shareholders' equity$14.3B$13.4B$14.8B$15.6B$15.7B
Cash and short-term investments$2.6B$948.3M$950.8M$911.0M$613.5M
Total debt$4.8B$4.3B$4.4B$4.7B$4.7B
Operating cash flow$1.8B$1.7B$1.4B$1.3B$819.3M
Capital spending$358.6M$291.6M$350.2M$217.3M$186.9M
Free cash flow$1.4B$1.4B$1.0B$1.1B$632.4M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Marvell Technology's revenue in fiscal year 2026?

$8.19 billion, up 42.1% from $5.77 billion in fiscal year 2025.

How much profit does Marvell Technology make?

Marvell Technology reported net income of $2.67 billion for fiscal year 2026 (32.6% of revenue); operating income was $1.34 billion.

How much cash and debt does Marvell Technology have?

At the end of fiscal year 2026: cash and short-term investments of $2.64 billion and total debt of $4.79 billion.

What is Marvell Technology's free cash flow?

$1.39 billion in fiscal year 2026 (operating cash flow of $1.75 billion minus capital spending of $358.60 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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