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NasdaqGS · Technology · Financials

Marvell Technology Inc (MRVL) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for MRVL. Market data source · as of 2026-05-02.

Section freshness

Price Aug 4, 10:13 AM EDT · Statements May 1, 8:00 PM EDT

Financial read

MRVL latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$2.42B

+27.6% YoY

Net income

$34.50M

+101.1% QoQ

Gross margin

52.15%

Gross profit $1.26B

Net margin

1.43%

Operating margin 14.04%

Balance sheet coverage

MRVL balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-05-02

Open balance sheet table

Latest period

Q1 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$26.94B

Liabilities $8.73B

Cash / debt

$3.84B

Net cash -$1.12B

Equity / working capital

$18.22B

Working capital $5.19B

Financial statements

MRVL statement coverage.

Income statement, balance sheet, and cash-flow figures for MRVL, with quarterly and annual history in the tables below.

Data last updated

May 1, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual MRVL statements, sourced from Market data source · as of 2026-05-02.

Financial statement period

MRVL statement history

Market data source · as of 2026-05-02 · Data last updated: May 1, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Gross profit	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q1 FY2026	$2.42B	$1.26B	$339.40M	$34.50M	1.43%	+9.0%	+101.1%
Q4 FY2025	$2.22B	$1.15B	$404.40M	-$3.14B	-141.62%	+7.0%	-265.3%
Q3 FY2025	$2.07B	$1.07B	$357.80M	$1.90B	91.65%	+3.4%	+968.7%
Q2 FY2025	$2.01B	$1.01B	$290.10M	$177.90M	8.87%	+5.8%	0.0%
Q1 FY2025	$1.90B	$952.40M	$270.60M	$177.90M	9.39%	+25.0%	+126.3%
Q3 FY2024	$1.52B	$349.40M	-$702.80M	-$676.30M	-44.61%	0.0%	0.0%
Q4 FY2024	$1.52B	$349.40M	-$702.80M	-$676.30M	-44.61%	+19.1%	-249.9%
Q2 FY2024	$1.27B	$587.60M	-$100.40M	-$193.30M	-15.19%	+9.6%	+10.3%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q1 FY2026	$3.84B	$7.46B	$2.28B	$26.94B	$8.73B	$4.96B	$18.22B	+11.0%
Q4 FY2025	$2.64B	$6.46B	$3.22B	$22.29B	$7.98B	$4.47B	$14.31B	+12.6%
Q3 FY2025	$2.71B	$5.51B	$2.74B	$21.58B	$7.52B	$3.97B	$14.06B	+0.0%
Q2 FY2025	$1.22B	$4.51B	$2.40B	$20.59B	$7.16B	$3.97B	$13.31B	+0.9%
Q1 FY2025	$948.30M	$3.12B	$2.03B	$20.20B	$6.78B	$3.93B	$13.31B	0.0%
Q4 FY2024	$948.30M	$3.12B	$2.03B	$20.20B	$6.78B	$3.93B	$13.43B	-0.8%
Q3 FY2024	$868.10M	$2.82B	$1.76B	$19.72B	$6.34B	$3.97B	$13.37B	-0.8%
Q2 FY2024	$808.70M	$2.76B	$1.55B	$20.29B	$6.09B	$4.00B	$14.20B	-1.5%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q1 FY2026				$34.50M
Q3 FY2025				$1.90B
Q2 FY2025				$177.90M
Q1 FY2025				$177.90M
Q4 FY2025				-$3.14B
Q3 FY2024				-$676.30M
Q4 FY2024				-$676.30M
Q2 FY2024				-$193.30M

Valuation and returns

Enterprise value: $194.26B; TECHi computed

Return on equity: 12.58%; Market data source

Return on assets: 8.50%; Market data source

Debt / equity: 0.27; Current ratio 3.28

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $8.19B; Annual statement 2026-01-31

Annual income base: -$885.00M; Annual statement 2026-01-31

Market cap / annual revenue: 23.57; Live market value divided by annual revenue

Annual sales and income multiple

EV / annual revenue23.71

EV / annual operating income146.84

Market capitalization bridge

Market cap / annual revenue23.57

TTM valuation multiples

TTM revenue: $8.72B; Trailing twelve months

TTM EBIT: $1.39B; TTM operating income

Market cap / TTM revenue: 22.16; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 22.28; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

EV / TTM EBIT139.58

Revenue, net income, and free cash flow

Revenue$2.42BNet income$34.50M

Q3 FY2024Q3 FY2025Q1 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+27.6%

Debt growth YoY+26.1%

Quarterly margin heatmap

Gross margin

Q3 FY2024

23.05%

Q1 FY2025

50.25%

Q2 FY2025

50.38%

Q3 FY2025

51.57%

Q4 FY2025

51.74%

Q1 FY2026

52.15%

Operating margin

Q3 FY2024

-46.36%

Q1 FY2025

14.28%

Q2 FY2025

14.46%

Q3 FY2025

17.25%

Q4 FY2025

18.23%

Q1 FY2026

14.04%

Net margin

Q3 FY2024

-44.61%

Q1 FY2025

9.39%

Q2 FY2025

8.87%

Q3 FY2025

91.65%

Q4 FY2025

-141.62%

Q1 FY2026

1.43%

Latest quarter expense mix

Cost of revenue$1.16B

R&D$652.30M

SG&A$258.40M

Profit bridge

EBIT$339.40M

Tax expense$48.80M

Other income statement lines

Income tax expense$48.80M

Balance sheet · Q1 FY2026

Cash & equivalents: $3.84B

Total debt: $4.96B

Net cash: -$1.12B; Net debt position

Total equity: $18.22B

Balance sheet detail

Current assets: $7.46B

Current liabilities: $2.28B

Inventory: $1.40B

Receivables: $1.87B

Property, plant & equipment: $972.50M

Long-term debt: $4.96B

Debt and liquidity

Debt / revenuei0.57

Debt / income4.82

Cash / debt0.77

Quick ratioi2.51

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for MRVL?

The MRVL Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Marvell Technology Inc. Missing modules and empty line items are omitted.

How current are MRVL's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Marvell Technology Inc's reported net margin?

Marvell Technology Inc's fresh reported margin field is 26.29%. The Financials page shows the supporting period data currently available for MRVL.