Marvell Technology, Inc.
Business
Marvell Technology is a fabless supplier of data infrastructure semiconductor solutions serving data center and communications markets. The company designs and develops complex System-on-Chip architectures integrating analog, mixed-signal, and digital signal processing functionality, with core offerings in custom ASICs, interconnects, ethernet solutions, processors, storage controllers, and fibre channel products. Marvell serves original equipment manufacturers and original design manufacturers globally through direct sales and distributor channels, with products addressing cloud AI systems, ethernet switching, network-attached storage, enterprise networking, carrier infrastructure, and consumer applications.
Summary from 10-K filed 2026-03-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Net revenue | 8,195 | 5,767 | 5,508 | 5,920 | 4,462 | |
| Cost of goods sold | 4,014 | 3,385 | 3,214 | 2,932 | 2,398 | |
| Gross profit | 4,181 | 2,382 | 2,294 | 2,988 | 2,064 | |
| Research and development | 2,075 | 1,950 | 1,896 | 1,784 | 1,424 | |
| Selling, general and administrative | 767 | 798 | 834 | 844 | 955 | |
| Restructuring related charges, net | 16 | 354 | 131 | 22 | 32 | |
| Total operating expenses | 2,858 | 3,103 | 2,861 | 2,750 | 2,412 | |
| Operating income (loss) | 1,323 | −720 | −568 | 238 | −348 | |
| Interest expense | −203 | −189 | −212 | −171 | — | |
| Interest income and other, net | 1,926 | 15 | 21 | 12 | 3 | |
| Interest and other income (loss), net | 1,724 | −174 | −191 | −153 | −136 | |
| Income (loss) before income taxes | 3,047 | −895 | −759 | 85 | −484 | |
| Provision (benefit) for income taxes | 377 | −10 | 175 | 249 | −63 | |
| Net income (loss) | 2,670 | −885 | −933 | −164 | −421 | |
| Net income (loss) per share basic (in dollars per share) | 3.1 | −1.02 | −1.08 | −0.19 | −0.53 | |
| Net income (loss) per share diluted (in dollars per share) | 3.07 | −1.02 | −1.08 | −0.19 | −0.53 | |
| Basic (in shares) | 861 | 866 | 861 | 851 | 797 | |
| Diluted (in shares) | 870 | 866 | 861 | 851 | 797 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2,639 | 948 | 951 | 911 | 614 | |
| Accounts receivable, net | 2,187 | 1,028 | 1,122 | 1,192 | 1,049 | |
| Inventories | 1,388 | 1,030 | 864 | 1,068 | 720 | |
| Prepaid expenses and other current assets | 247 | 114 | 126 | 110 | 111 | |
| Total current assets | 6,461 | 3,120 | 3,063 | 3,281 | 2,493 | |
| Property and equipment, net | 935 | 791 | 756 | 577 | 463 | |
| Goodwill | 11,100 | 11,600 | 11,600 | 11,600 | 11,500 | |
| Acquired intangible assets, net | 1,755 | 2,711 | 4,004 | 5,102 | 6,153 | |
| Deferred tax assets | 346 | 401 | 312 | 466 | 494 | |
| Other non-current assets | 1,727 | 1,595 | 1,507 | 1,509 | 994 | |
| Total assets | 22,285 | 20,205 | 21,229 | 22,522 | 22,109 | |
| Accounts payable | 1,074 | 622 | 411 | 466 | 462 | |
| Accrued liabilities | 1,337 | 973 | 1,033 | 1,092 | — | |
| Accrued employee compensation | 310 | 303 | 263 | 245 | 241 | |
| Short-term debt | 500 | 130 | 107 | 584 | 63 | |
| Total current liabilities | 3,221 | 2,027 | 1,814 | 2,387 | 1,389 | |
| Long-term debt | 3,971 | 3,934 | 4,059 | 3,908 | — | |
| Other non-current liabilities | 786 | 816 | 524 | 591 | 533 | |
| Total liabilities | 7,977 | 6,778 | 6,397 | 6,885 | 6,407 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Preferred stock, $0.002 par value; 8.0 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.002 par value; 1.3 billion shares authorized; 847.3 and 866.0 shares issued and outstanding as of January 31, 2026 and February 1, 2025, respectively | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 12,951 | 14,534 | 14,845 | 14,512 | 14,209 | |
| Accumulated other comprehensive income | 0 | 400,000 | 1 | 0 | — | |
| Retained earnings (Accumulated deficit) | 1,356 | −1,109 | −17 | 1,124 | 1,491 | |
| Total stockholders equity | 14,308 | 13,427 | 14,831 | 15,637 | 15,702 | |
| Total liabilities and stockholders equity | 22,285 | 20,205 | 21,229 | 22,522 | 22,109 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 349 | 304 | 300 | 305 | 266 | |
| Stock-based compensation | 591 | 597 | 610 | 552 | 461 | |
| Amortization of acquired intangible assets | 942 | 1,100 | 1,100 | 1,100 | 979 | |
| Restructuring related charges (gains), net | −14 | 529 | 33 | 6 | 6 | |
| Deferred income taxes | 42 | −112 | 151 | 50 | −94 | |
| Gain on sale of business | −1,830 | 0 | 0 | — | — | |
| Other expense, net | 110 | 66 | 55 | 63 | 69 | |
| Accounts receivable | −1,158 | 93 | 71 | −143 | −409 | |
| Prepaid expenses and other assets | −242 | 3 | −93 | −480 | −162 | |
| Inventories | −390 | −230 | 202 | −386 | −292 | |
| Accounts payable | 299 | 182 | −149 | −88 | 93 | |
| Accrued employee compensation | −11 | 44 | 18 | 3 | 30 | |
| Accrued liabilities and other non-current liabilities | 393 | 38 | 9 | 445 | 77 | |
| Net cash provided by operating activities | 1,751 | 1,681 | 1,371 | 1,289 | 819 | |
| Purchases of technology licenses | −5 | −7 | −14 | −11 | −18 | |
| Purchases of property and equipment | −354 | −285 | −336 | −206 | −169 | |
| Proceeds from sales of property and equipment | 27 | 500,000 | 300,000 | — | — | |
| Acquisitions, net of cash acquired | 0 | −10 | 0 | −112 | −3,555 | |
| Net proceeds from sale of business | 2,479 | 0 | 0 | — | — | |
| Other, net | −50 | 800,000 | −600,000 | 1 | −3 | |
| Net cash provided by (used in) investing activities | 2,098 | −301 | −351 | −328 | −3,745 | |
| Repurchases of common stock | −2,040 | −725 | −150 | −115 | 0 | |
| Proceeds from employee stock plans | 79 | 88 | 99 | 91 | 85 | |
| Tax withholding paid on behalf of employees for net share settlement | −241 | −275 | −224 | −228 | −306 | |
| Dividend payments to stockholders | −205 | −208 | −207 | −204 | −191 | |
| Payments on technology license obligations | −128 | −154 | −150 | −143 | −135 | |
| Proceeds from borrowings | 1,199 | 0 | 1,295 | — | — | |
| Principal payments of debt | −791 | −109 | −1,623 | −266 | −527 | |
| Other, net | −30 | −200,000 | −21 | 900,000 | −11 | |
| Net cash used in financing activities | −2,158 | −1,383 | −980 | −663 | 2,791 | |
| Net increase (decrease) in cash and cash equivalents | 1,691 | −3 | 40 | 298 | −135 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Marvell Technology, Inc.'s CIK number?
Marvell Technology, Inc.'s SEC CIK number is 0001835632 (1835632). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Marvell Technology, Inc.'s SEC filings?
All of Marvell Technology, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Marvell Technology, Inc. last report earnings?
Marvell Technology, Inc. (MRVL) most recently filed an earnings 8-K with the SEC on May 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001835632-26-000014). This is Marvell Technology, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Marvell Technology, Inc.'s most recent earnings 8-K?
Marvell Technology, Inc.'s latest earnings 8-K (Item 2.02) was filed May 27, 2026 under accession 0001835632-26-000014. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Marvell Technology, Inc.'s latest earnings 8-K →
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