Marvell Technology Inc. (MRVL) financial statements: income statement, balance sheet and cash flow
Marvell Technology Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), Marvell Technology Inc. reported revenue of $8.2B (+42.1% year on year) and net income of $2.7B (+401.7% year on year).
Income statement
Marvell Technology Inc. income statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net revenue
$8.2B
$5.8B
$5.5B
$5.9B
Cost of goods sold
$4.0B
$3.4B
$3.2B
$2.9B
Gross profit
$4.2B
$2.4B
$2.3B
$3.0B
Research and development
$2.1B
$2.0B
$1.9B
$1.8B
Selling, general and administrative
$767.1M
$798.2M
$834.0M
$843.6M
Restructuring related charges, net
$15.5M
$353.9M
—
$21.6M
Total operating expenses
$2.9B
$3.1B
$2.9B
$2.7B
Operating income (loss)
$1.3B
($720.3M)
($567.7M)
$238.0M
Interest expense
($202.6M)
($189.4M)
($211.7M)
($170.6M)
Interest income and other, net
$1.9B
$15.0M
$11.9M
$12.4M
Interest and other income (loss), net
$1.7B
($174.4M)
—
($152.9M)
Income (loss) before income taxes
$3.0B
($894.7M)
($758.7M)
$85.1M
Provision (benefit) for income taxes
$376.5M
($9.7M)
$174.7M
$248.6M
Net income (loss)
$2.7B
($885.0M)
($933.4M)
($163.5M)
Net income (loss) per share — basic (in dollars per share)
$3.10
-$1.02
-$1.08
-$0.19
Net income (loss) per share — diluted (in dollars per share)
$3.07
-$1.02
-$1.08
-$0.19
Basic (in shares)
861.0M
865.5M
861.3M
851.4M
Diluted (in shares)
869.7M
865.5M
861.3M
851.4M
Marvell Technology Inc. income statement, quarters
Line item
Aug 1, 2026 · Q3
May 2, 2026 · Q2
Nov 1, 2025 · Q4
Aug 2, 2025 · Q3
Net revenue
$2.7B
$2.4B
$2.1B
$2.0B
Cost of goods sold
$1.3B
$1.2B
$1.0B
$995.5M
Gross profit
$1.5B
$1.3B
$1.1B
$1.0B
Research and development
$741.1M
$652.3M
$512.5M
$519.0M
Selling, general and administrative
$257.6M
$258.4M
$189.9M
$192.8M
Restructuring related charges (gains), net
($2.8M)
$10.7M
$9.6M
$8.7M
Total operating expenses
$995.9M
$921.4M
$712.0M
$720.5M
Operating income
$459.7M
$339.4M
$357.8M
$290.1M
Interest expense
($61.6M)
($52.8M)
($51.2M)
($51.9M)
Other expense, net
($19.8M)
($203.3M)
$1.9B
($4.5M)
Interest and other loss, net
($81.4M)
($256.1M)
$1.9B
($56.4M)
Income before income taxes
$378.3M
$83.3M
$2.2B
$233.7M
Provision for income taxes
$70.3M
$48.8M
$314.1M
$38.9M
Net income
$308.0M
$34.5M
$1.9B
$194.8M
Net income per share — basic (in dollars per share)
$0.34
$0.04
$2.22
$0.23
Net income per share — diluted (in dollars per share)
$0.33
$0.04
$2.20
$0.22
Basic (in shares)
897.4M
882.0M
855.8M
862.6M
Diluted (in shares)
921.2M
893.3M
863.7M
870.4M
Balance sheet
Marvell Technology Inc. balance sheet, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Cash and cash equivalents
$2.6B
$948.3M
$950.8M
$911.0M
Accounts receivable, net
$2.2B
$1.0B
$1.1B
$1.2B
Inventories
$1.4B
$1.0B
$864.4M
$1.1B
Prepaid expenses and other current assets
$247.2M
$113.9M
$125.9M
$109.6M
Total current assets
$6.5B
$3.1B
$3.1B
$3.3B
Property and equipment, net
$935.0M
$790.5M
$756.0M
$577.4M
Goodwill
$11.1B
$11.6B
$11.6B
$11.6B
Acquired intangible assets, net
$1.8B
$2.7B
$4.0B
$5.1B
Deferred tax assets
$345.9M
$401.2M
$311.9M
$465.9M
Other non-current assets
$1.7B
$1.6B
$1.5B
$1.5B
Total assets
$22.3B
$20.2B
$21.2B
$22.5B
Accounts payable
$1.1B
$622.2M
$411.3M
$465.8M
Accrued liabilities
$1.3B
$972.6M
$1.0B
$1.1B
Accrued employee compensation
$309.8M
$302.5M
$262.7M
$244.5M
Short-term debt
$499.8M
$129.5M
$107.3M
$584.4M
Total current liabilities
$3.2B
$2.0B
$1.8B
$2.4B
Long-term debt
$4.0B
$3.9B
$4.1B
$3.9B
Other non-current liabilities
$785.6M
$816.4M
$524.3M
$590.5M
Total liabilities
$8.0B
$6.8B
$6.4B
$6.9B
Preferred stock, $0.002 par value; 8.0 shares authorized; no shares issued and outstanding
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
1.7M
1.7M
1.7M
1.7M
Additional paid-in capital
$13.0B
$14.5B
$14.8B
$14.5B
Accumulated other comprehensive income
$0
$400.0K
$1.1M
—
Retained earnings (Accumulated deficit)
$1.4B
($1.1B)
($16.7M)
$1.1B
Total stockholders’ equity
$14.3B
$13.4B
$14.8B
$15.6B
Total liabilities and stockholders’ equity
$22.3B
$20.2B
$21.2B
$22.5B
Marvell Technology Inc. balance sheet, quarters
Line item
Aug 1, 2026
May 2, 2026
Nov 1, 2025
Aug 2, 2025
Cash and cash equivalents
$3.9B
$3.8B
$2.7B
$1.2B
Accounts receivable, net
$2.2B
$1.9B
$1.5B
$1.5B
Inventories
$1.4B
$1.4B
$1.0B
$1.1B
Prepaid expenses and other current assets
$407.5M
$347.8M
$237.2M
$189.7M
Total current assets
$7.9B
$7.5B
$5.5B
$4.5B
Property and equipment, net
$1.1B
$972.5M
$854.8M
$794.5M
Goodwill
$13.9B
$13.9B
$11.1B
$11.1B
Acquired intangible assets, net
$2.3B
$2.6B
$2.0B
$2.2B
Deferred tax assets
$322.3M
$319.8M
$403.5M
$409.9M
Other non-current assets
$2.0B
$1.7B
$1.8B
$1.6B
Total assets
$27.6B
$26.9B
$21.6B
$20.6B
Accounts payable
$797.9M
$709.7M
$633.7M
$610.7M
Accrued liabilities
$1.4B
$1.3B
$1.4B
$1.1B
Accrued employee compensation
$275.8M
$231.5M
$252.4M
$210.8M
Short-term debt
$0
$0
$499.5M
$499.3M
Total current liabilities
$2.5B
$2.3B
$2.7B
$2.4B
Long-term debt
$5.0B
$5.0B
$4.0B
$4.0B
Other non-current liabilities
$1.6B
$1.5B
$816.3M
$797.4M
Total liabilities
$9.0B
$8.7B
$7.5B
$7.2B
Preferred stock, $0.002 par value; 8.0 shares authorized; 2.0 shares issued and outstanding as of August 1, 2026 of Series A Convertible Preferred Stock (none issued and outstanding as of January 31, 2026)
0
0
—
—
Common stock, $0.002 par value
$1.8M
$1.8M
$1.7M
$1.7M
Additional paid-in capital
$16.9B
$16.9B
$13.0B
$14.3B
Retained earnings
$1.6B
$1.3B
$1.0B
($840.0M)
Total stockholders’ equity
$18.5B
$18.2B
$14.1B
$13.4B
Total liabilities and stockholders’ equity
$27.6B
$26.9B
$21.6B
$20.6B
Cash flow statement
Marvell Technology Inc. cash flow statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net income (loss)
$2.7B
($885.0M)
($933.4M)
($163.5M)
Depreciation and amortization
$348.6M
$304.3M
$299.8M
$304.9M
Stock-based compensation
$590.8M
$597.4M
$609.8M
$552.4M
Amortization of acquired intangible assets
$942.0M
$1.1B
$1.1B
$1.1B
Restructuring related charges (gains), net
($14.0M)
$528.8M
$32.9M
$5.6M
Deferred income taxes
$42.2M
($111.9M)
$150.8M
$50.4M
Gain on sale of business
($1.8B)
—
—
—
Other expense, net
$109.5M
$65.9M
$44.2M
$52.4M
Accounts receivable
($1.2B)
$93.2M
$70.6M
($142.7M)
Prepaid expenses and other assets
($242.4M)
$3.4M
($93.1M)
($480.4M)
Inventories
($389.8M)
($230.0M)
$201.9M
($385.9M)
Accounts payable
$299.3M
$181.5M
($149.1M)
($87.8M)
Accrued employee compensation
($10.5M)
$43.5M
$18.3M
$2.5M
Accrued liabilities and other non-current liabilities
$393.3M
$37.5M
$9.2M
$444.5M
Net cash provided by operating activities
$1.8B
$1.7B
$1.4B
$1.3B
Purchases of technology licenses
($4.5M)
($7.0M)
($13.9M)
($11.1M)
Purchases of property and equipment
($354.1M)
($284.6M)
($336.3M)
($206.2M)
Proceeds from sales of property and equipment
$27.4M
—
—
—
Acquisitions, net of cash acquired
$0
($10.4M)
$0
($112.3M)
Net proceeds from sale of business
$2.5B
—
—
—
Other, net
($49.6M)
$1.3M
($300.0K)
$1.2M
Net cash provided by (used in) investing activities
$2.1B
($300.7M)
($350.5M)
($328.4M)
Repurchases of common stock
($2.0B)
($725.0M)
($150.0M)
($115.0M)
Proceeds from employee stock plans
78.7M
87.6M
99.2M
91.3M
Tax withholding paid on behalf of employees for net share settlement
($240.7M)
($274.9M)
($223.7M)
($227.6M)
Dividend payments to stockholders
($205.1M)
($207.5M)
($206.8M)
($204.4M)
Payments on technology license obligations
($128.3M)
($153.6M)
($150.3M)
($142.5M)
Proceeds from borrowings
$1.2B
$0
$1.3B
—
Principal payments of debt
($790.6M)
($109.4M)
($1.6B)
($265.6M)
Other, net
($30.3M)
($200.0K)
($21.4M)
$900.0K
Net cash used in financing activities
($2.2B)
($1.4B)
($980.2M)
($662.9M)
Net increase (decrease) in cash and cash equivalents
$1.7B
($2.5M)
$39.8M
$297.5M
Cash and cash equivalents at beginning of the year
$948.3M
$950.8M
$911.0M
$613.5M
Cash and cash equivalents at end of the year
$2.6B
$948.3M
$950.8M
$911.0M
Marvell Technology Inc. cash flow statement, quarters
Line item
Aug 1, 2026 · YTD
May 2, 2026 · Q2
Nov 1, 2025 · YTD
Aug 2, 2025 · YTD
Net income
$342.5M
$34.5M
$2.3B
$372.7M
Depreciation and amortization
$188.5M
$95.4M
$255.2M
$168.3M
Stock-based compensation
$533.8M
$207.6M
$447.8M
$295.7M
Amortization of acquired intangible assets
$440.1M
$225.2M
$718.4M
$489.4M
Change in fair value of contingent consideration liability
$433.7M
$331.8M
—
—
Change in fair value of forward stock purchase contract
($131.0M)
($81.1M)
—
—
Restructuring related charges (gains), net
$0
$0
($14.0M)
($14.0M)
Deferred income taxes
$38.7M
$13.8M
($2.2M)
($9.2M)
Other expense, net
$58.3M
$23.2M
$85.1M
$80.8M
Accounts receivable
($31.7M)
$314.9M
($518.0M)
($423.3M)
Prepaid expenses and other assets
($333.7M)
($28.5M)
($283.5M)
($93.4M)
Inventories
$36.9M
($11.4M)
($19.3M)
($54.5M)
Accounts payable
($333.6M)
($355.9M)
($79.1M)
($68.1M)
Accrued employee compensation
($40.1M)
($84.4M)
($68.0M)
($90.8M)
Accrued liabilities and other non-current liabilities
$41.9M
($46.3M)
$410.8M
$140.9M
Net cash provided by operating activities
$1.2B
$638.8M
$1.4B
$794.5M
Purchases of technology licenses
($5.0M)
($500.0K)
($3.4M)
($2.2M)
Purchases of property and equipment
($282.4M)
($155.7M)
($239.8M)
($166.3M)
Proceeds from sales of property and equipment
$0
$0
$27.4M
$27.3M
Acquisitions, net of cash acquired
($1.3B)
($1.3B)
$0
—
Other, net
$6.6M
$5.7M
($42.9M)
($30.1M)
Net cash used in investing activities
($1.6B)
($1.4B)
$2.2B
($171.3M)
Repurchases of common stock
($400.0M)
($200.0M)
($1.8B)
($540.0M)
Proceeds from employee stock plans
57.5M
3.3M
51.5M
51.1M
Proceeds from issuance of preferred stock
$2.0B
$2.0B
—
—
Tax withholding paid on behalf of employees for net share settlement
($365.2M)
($227.2M)
($163.4M)
($100.9M)
Dividend payments to stockholders
($107.7M)
($53.8M)
($154.3M)
($103.5M)
Payments on technology license obligations
($56.6M)
($27.2M)
($102.0M)
($54.3M)
Proceeds from borrowings
$998.9M
$998.9M
$1.2B
$1.2B
Principal payments of debt
($500.0M)
($500.0M)
($790.6M)
($790.6M)
Other, net
($25.5M)
($6.6M)
($30.3M)
($7.5M)
Net cash provided by (used in) financing activities