Marvell Technology, Inc income statement MRVL

Annual Quarterly

In fiscal 2026, which ended Jan 31, 2026, Marvell Technology, Inc reported revenue of $8.2 billion, up 42.1% from the year before. Net income was $2.7 billion, a profit margin of 32.6%. Operating income came to $1.3 billion, an operating margin of 16.1%. Diluted earnings per share were $3.07. Over the twelve months ended Aug 1, 2026, revenue was $9.5 billion and net income was $2.6 billion. Across the 5 fiscal years shown, revenue grew from $4.5 billion in fiscal 2022 to $8.2 billion in fiscal 2026, about 16.4% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2027 Aug 1, 2026	FY 2026 Jan 31, 2026	FY 2025 Feb 1, 2025	FY 2024 Feb 3, 2024	FY 2023 Jan 28, 2023	FY 2022 Jan 29, 2022
Revenue	9,450 +30.6%	8,195 +42.1%	5,767 +4.7%	5,508 -7.0%	5,920 +32.7%	4,462
Cost of revenue	4,516 +12.8%	4,014 +18.6%	3,385 +5.3%	3,214 +9.6%	2,932 +22.3%	2,398
Gross profit	4,934 +52.8%	4,181 +75.5%	2,382 +3.9%	2,294 -23.2%	2,988 +44.7%	2,064
Research and development	2,442 +21.2%	2,075 +6.4%	1,950 +2.9%	1,896 +6.3%	1,784 +25.3%	1,424
Selling, general and administrative	904 +15.9%	767 -3.9%	798 -4.3%	834 -1.1%	844 -11.7%	955
Restructuring and impairment	32 -82.2%	30 -83.8%	185 +41.3%	131	—	—
Operating income	1,561 +1577.0%	1,323 +283.7%	-720 -26.9%	-568 -338.5%	238 +168.4%	-348
Interest expense	216 +12.2%	203 +7.0%	189	—	—	—
Other non-operating income (expense)	1,714	1,926	—	21 +66.9%	12 +359.3%	3
Pretax income	—	3,047 +440.5%	-895 -17.9%	-759 -991.5%	85 +117.6%	-484
Income tax	419 +18104.3%	376 +3981.4%	-10 -105.6%	175 -29.7%	249 +497.8%	-62
Net income	2,640 +2653.1%	2,670 +401.7%	-885 +5.2%	-933 -470.9%	-164 +61.2%	-421
Basic EPS	3.02 +2626.0%	3.10 +403.9%	-1.02 +5.6%	-1.08 -468.4%	-0.19 +64.2%	-0.53
Diluted EPS	2.98 +2603.0%	3.07 +401.0%	-1.02 +5.6%	-1.08 -468.4%	-0.19 +64.2%	-0.53
Weighted average shares, basic	874 +1.1%	861 -0.5%	866 +0.5%	861 +1.2%	851 +6.8%	797
Weighted average shares, diluted	887 +2.0%	870 +0.5%	866 +0.5%	861 +1.2%	851 +6.8%	797
Other measures
Depreciation and amortization	—	222 +25.3%	177 +19.4%	148 +16.9%	127 +11.7%	114
EBITDA	—	1,545 +384.3%	-543 -29.5%	-420 -215.0%	365 +255.8%	-234
Interest coverage	7.21x	6.53x	-3.80x	—	—	—
Margins
Gross margin	52.21%	51.02%	41.31%	41.64%	50.47%	46.26%
Operating margin	16.52%	16.14%	-12.49%	-10.31%	4.02%	-7.79%
Pretax margin	—	37.18%	-15.51%	-13.78%	1.44%	-10.83%
Profit margin	27.93%	32.58%	-15.35%	-16.95%	-2.76%	-9.43%
EBITDA margin	—	18.85%	-9.42%	-7.62%	6.16%	-5.25%
Effective tax rate	—	12.36%	—	—	292.13%	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry: Semiconductors & Related Devices (SIC 3674)
Listed as: MRVL (Nasdaq)
Fiscal year ends: January 30
Incorporated in: DE
Headquarters: Wilmington, DE
SEC filer status: Large accelerated filer
SEC CIK: 1835632

Other Semiconductors & Related Devices companies

All 112 Semiconductors & Related Devices companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.