Income StatementBalance SheetCash FlowSegments
Marvell Technology, Inc. logo

Marvell Technology, Inc. Business Segments

Business, geographic, and product segment breakdowns

Marvell Technology, Inc. generates $8.2B in annual revenue across 4 key segments: Automotive/industrial ($272.4M), Carrier infrastructure ($542.1M), Communications and other ($2.1B), and Consumer ($384.3M). The company-wide operating margin is 16.14%. Based on the Q1 2026 filing.

Automotive/industrial (TTM)$272.4MCarrier infrastructure (TTM)$542.1MCommunications and other (TTM)$2.1BConsumer (TTM)$384.3MData center (TTM)$6.1BEnterprise networking (TTM)$779.7M
Latest FilingQ1 2026
Report Date2026-03-11
Market Cap$171.90B
P/E Ratio64.38
ROE19.25%

Products & Services

Net revenue

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Data center$1.1B$1.4B$1.4B$1.5B$1.5B$1.7B
Communications and other$400.8M$400.8M$523.6M$523.6M$523.6M$523.6M
Automotive/industrial$82.9M$85.7M$75.7M$76.0M$35.0M—
Carrier infrastructure$84.7M$105.8M$138.4M$130.1M$167.8M—
Consumer$96.5M$88.7M$63.1M$115.9M$116.6M—
Enterprise networking$150.9M$171.4M$177.5M$193.6M$237.2M—

% of Total

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Automotive/industrial5.0%1.0%5.0%4.0%2.0%—
Carrier infrastructure6.0%—7.0%6.0%8.0%—
Consumer6.0%—3.0%6.0%6.0%—
Data center73.0%1.0%76.0%74.0%73.0%—
Enterprise networking10.0%—9.0%10.0%11.0%—

Concentration of risk percentage

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Communications and other7.0%7.0%6.5%6.5%6.5%6.5%

Geographic

Net revenue

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
China$658.4M$732.8M$708.9M$583.4M$838.7M$838.9M
Other$403.2M$522.0M$139.4M$158.7M$622.6M$646.1M
Taiwan$198.5M$281.1M$327.3M$541.2M$318.9M$469.9M
United States$256.0M$281.5M$305.2M$310.8M$294.3M$263.8M

% of Total

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Other27.0%—8.0%7.0%31.0%1.0%

Business Segments

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Net revenue$1.5B$1.8B$1.9B$2.0B$2.1B$2.2B
Product costs$599.0M$725.4M$761.8M$814.7M$836.4M$909.9M
Net income (loss)-$676.3M—$177.9M$194.8M$1.9B$396.1M
Employee compensation and related in operating expenses$333.1M$335.0M$347.9M$338.6M$324.2M$348.3M
Acquired Intangible Amortization$264.9M$247.1M$245.7M$243.7M$229.0M$223.6M
Stock-Based Comp$158.4M$147.6M$142.1M$153.6M$152.1M$143.0M
Engineering design related costs$52.4M$65.4M$50.7M$66.0M$71.6M$77.1M
Interest Expense$47.2M$45.0M$48.7M$51.9M$51.2M$50.8M
Restructuring related charges, net$715.1M———$10.1M$9.5M
Other segment items$96.5M$63.5M$94.8M$95.2M-$1.8B$0.0
Provision (benefit) for income taxes-$74.2M-$400.0K$38.0M$38.9M$314.1M$0.0