Marvell Technology MRVL · USD
Information Technology · Semiconductors & Semiconductor Equipment · US listing · 🇺🇸 United States
Nasdaq-100S&P 500
154.60
+9.49%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$8.19bn
FY2017FY2026
Net income
$2.67bn
FY2017FY2026
Free cash flow
$1.40bn
FY2017FY2026
Shareholders' equity
$14.31bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.19bn | $5.77bn | $5.51bn | $5.92bn | $4.46bn | $2.97bn | $2.70bn | $2.87bn | $2.41bn | $2.30bn |
| Gross profit | $4.18bn | $2.38bn | $2.29bn | $2.99bn | $2.06bn | $1.49bn | $1.36bn | $1.46bn | $1.46bn | $1.29bn |
| Research and development | $2.08bn | $1.95bn | $1.90bn | $1.78bn | $1.42bn | $1.07bn | $1.08bn | $914.0m | $720.2m | $806.2m |
| Operating income | $1.34bn | −$720.3m | −$555.8m | $255.7m | −$344.9m | −$255.5m | $879.2m | $173.7m | $502.2m | $232.0m |
| Net income | $2.67bn | −$885.0m | −$933.4m | −$163.5m | −$421.0m | −$277.3m | $1.58bn | −$179.1m | $432.4m | $21.2m |
| Diluted earnings per share | 2.90 | -1.02 | -1.08 | -0.19 | -0.49 | -0.33 | 2.36 | -0.27 | 0.66 | 0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $22.29bn | $20.20bn | $21.23bn | $22.52bn | $22.11bn | $10.76bn | $11.13bn | $10.02bn | $4.71bn | $4.65bn |
| Cash and short-term investments | $2.64bn | $948.3m | $950.8m | $911.0m | $613.5m | $748.5m | $647.6m | $582.4m | $1.84bn | $1.67bn |
| Total liabilities | $7.98bn | $6.78bn | $6.40bn | $6.88bn | $6.41bn | $2.33bn | $2.45bn | $2.71bn | $566.9m | $621.0m |
| Debt | $4.53bn | $4.11bn | $4.21bn | $4.54bn | $4.59bn | $1.23bn | $1.47bn | $1.88bn | $28.5m | $283.1m |
| Shareholders' equity | $14.31bn | $13.43bn | $14.83bn | $15.64bn | $15.70bn | $8.44bn | $8.68bn | $7.31bn | $4.14bn | $4.03bn |
| Shares outstanding | 921m | 870m | 866m | 863m | 858m | 829m | 670m | 668m | 658m | 505m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.75bn | $1.68bn | $1.37bn | $1.29bn | $819.4m | $817.3m | $360.3m | $596.7m | $571.1m | −$358.4m |
| Capital spending | −$354.1m | −$291.6m | −$350.2m | −$217.3m | −$187.1m | −$119.5m | −$86.6m | −$87.5m | −$45.1m | −$54.8m |
| Free cash flow | $1.40bn | $1.39bn | $1.02bn | $1.07bn | $632.2m | $697.8m | $273.7m | $509.3m | $526.0m | −$413.3m |
| Dividends paid | −$205.1m | −$207.5m | −$206.8m | −$204.4m | −$191.0m | −$160.6m | −$159.6m | −$148.1m | −$119.3m | −$122.3m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.74bn | $2.42bn | $2.22bn | $2.07bn | $2.01bn | $1.90bn | $1.82bn | $1.52bn |
| Gross profit | $1.46bn | $1.26bn | $1.07bn | $1.07bn | $1.01bn | $952.4m | $917.4m | $349.4m |
| Operating income | $456.9m | $339.4m | $413.9m | $357.8m | $290.1m | $270.6m | $235.2m | −$702.8m |
| Net income | $308.0m | $34.5m | $396.1m | $1.90bn | $194.8m | $177.9m | $200.2m | −$676.3m |
| Diluted earnings per share | 0.33 | 0.04 | 0.43 | 2.19 | 0.22 | 0.20 | 0.23 | -0.78 |
| Cash from operations | $605.0m | $638.0m | $373.0m | $582.0m | $461.0m | $332.0m | $514.0m | $536.0m |
| Capital spending | −$126.0m | −$155.0m | −$114.0m | −$73.0m | −$48.0m | −$119.0m | −$70.0m | −$75.0m |
| Free cash flow | $479.0m | $483.0m | $259.0m | $509.0m | $413.0m | $213.0m | $444.0m | $461.0m |
| Total assets | $27.55bn | $26.94bn | $22.29bn | $21.58bn | $20.59bn | $20.02bn | $20.20bn | $19.72bn |
| Cash and short-term investments | $3.93bn | $3.84bn | $2.64bn | $2.71bn | $1.22bn | $885.9m | $948.3m | $868.1m |
| Debt | $5.02bn | $5.02bn | $4.53bn | $4.52bn | $4.52bn | $4.28bn | $4.11bn | $4.14bn |
| Shareholders' equity | $18.53bn | $18.22bn | $14.31bn | $14.06bn | $13.42bn | $13.31bn | $13.43bn | $13.37bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.4% | 22.5% | 12.0% |
| Operating income | 73.6% | — | 49.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.0% | 46.6% | 46.9% | 48.6% |
| Operating margin | 4.4% | 1.3% | -0.9% | 3.3% |
| Net margin | 12.8% | 2.7% | -0.0% | 2.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 55.1 | -83.5 | -102.4 | -318.2 | -75.5 | -261.4 | 20.1 | -99.1 | 24.6 | — |
| Price to sales | 18.0 | 12.8 | 17.4 | 8.8 | 7.1 | 24.4 | 11.8 | 6.2 | 4.4 | 4.7 |
Market value over time
31 Oct 2016 to 11 Sept 2026, in USD
$6.80bn$217.50bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -20% | 76% | 55% | -54% | 78% | 82% | 75% | -33% | 56% | 63% |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 9 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.18 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
- 2-for-1 split · 25 Jul 2006
- 2-for-1 split · 29 Jun 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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