Marvell Technology, Inc. (MRVL) — Financial statements
Income statement, balance sheet, and cash flow for Marvell Technology, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,195↑42.1% | 5,767↑4.7% | 5,508↓7.0% | 5,920↑32.7% | 4,462 | |
| Cost of Revenue | 4,014↑18.6% | 3,385↑5.3% | 3,214↑9.6% | 2,932↑22.3% | 2,398 | |
| Gross Profit | 4,181↑75.5% | 2,382↑3.9% | 2,294↓23.2% | 2,988↑44.7% | 2,064 | |
| Operating Expenses | ||||||
| R&D Expenses | 2,075↑6.4% | 1,950↑2.9% | 1,896↑6.3% | 1,784↑25.3% | 1,424 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 767↓3.9% | 798↓4.3% | 834↓1.1% | 844↓11.7% | 955 | |
| Other Expenses | 16↓95.6% | 354↑169.9% | 131↑7.8% | 122↑275.3% | 32 | |
| Operating Expenses | 2,858↓7.9% | 3,103↑8.4% | 2,861↑4.1% | 2,750↑14.0% | 2,412 | |
| Total Costs & Expenses | 6,856↑5.7% | 6,488↑6.8% | 6,075↑6.9% | 5,682↑18.1% | 4,810 | |
| Operating Results | ||||||
| Operating Income | 1,338↑285.8% | -720↓26.9% | -568↓338.5% | 238↑168.4% | -348 | |
| Depreciation & Amortization | 1,291↓4.9% | 1,357↓2.9% | 1,398↑0.4% | 1,392↑11.8% | 1,245 | |
| EBITDA | 2,629↑303.5% | 652↓23.4% | 851↓48.4% | 1,648↑82.9% | 901 | |
| EBIT | 1,338↑289.8% | -705↓28.9% | -547↓313.9% | 256↑174.3% | -344 | |
| Interest & Other Income | ||||||
| Net Interest Income | -203↓16.2% | -174↑8.7% | -191↓24.9% | -153↓10.4% | -139 | |
| Interest Income | 0.00↓100.0% | 15↓27.5% | 21↑16.9% | 18↑2112.5% | 0.80 | |
| Interest Expense | 203↑7.0% | 189↓10.5% | 212↑24.1% | 171↑22.5% | 139 | |
| Non-Operating Income | 0.00↑100.0% | -15↑27.5% | -21↓16.9% | -18↓405.7% | -4 | |
| Other Income / Expenses | 1,708↑1079.5% | -174↑8.7% | -191↓24.9% | -153↓12.6% | -136 | |
| Income Before Tax | 3,047↑440.5% | -895↓17.9% | -759↓991.5% | 85↑117.6% | -484 | |
| Income Tax Expense | 377↑3981.4% | -10↓105.6% | 175↓29.7% | 249↑497.8% | -63 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,670↑401.7% | -885↑5.2% | -933↓470.9% | -164↑61.2% | -421 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,670↑401.7% | -885↑5.2% | -933↓470.9% | -164↑61.2% | -421 | |
| Bottom-Line Net Income | 2,670↑401.7% | -885↑5.2% | -933↓470.9% | -164↑61.2% | -421 | |
| EPS (Basic) | 3.10↑403.9% | -1.02↑5.6% | -1.08↓468.4% | -0.19↑64.2% | -0.53 | |
| EPS (Diluted) | 3.07↑401.0% | -1.02↑5.6% | -1.08↓468.4% | -0.19↑64.2% | -0.53 | |
| Weighted Average Shares | 861↓0.5% | 866↑0.5% | 861↑1.2% | 851↑6.8% | 797 | |
| Weighted Average Diluted Shares | 870↑0.5% | 866↑0.5% | 861↑1.2% | 851↑6.8% | 797 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.