Income StatementBalance SheetCash FlowSegments
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Marvell Technology, Inc. Income Statement

Revenue, expenses, and profitability over time

Marvell Technology, Inc. generated $8.2B in trailing twelve-month revenue, up 0.4% year-over-year. Net income was $2.7B with a 32.58% net margin. Gross margin stands at 51.02% and operating margin at 16.14%. Diluted EPS is $3.07, which grew 1.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$8.2BGross Profit (TTM)$4.2BOperating Income (TTM)$1.3BNet Income (TTM)$2.7BEps Diluted (TTM)$3.07
Latest FilingQ1 2026
Report Date2026-03-11
Market Cap$171.90B
P/E Ratio64.38
ROE19.25%

Operating Expenses

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Stock-Based Compensation Expense$152.1M$149.6M$142.1M———
Amortization of Finite-Lived Intangible Assets$264.9M$334.2M$245.7M$243.7M$229.0M$223.6M
Share-Based Compensation Expense$152.1M$149.6M$142.1M———
Amortization expense$264.9M$334.2M$245.7M$243.7M$229.0M$223.6M
Stock-based compensation expense$152.1M$149.6M$142.1M———
Research and development$488.6M$411.2M$507.7M$519.0M$512.5M$536.0M
Restructuring charges$358.3M$347.9M-$12.3M$8.7M$9.6M$9.5M
Selling, general and administrative$205.3M$229.1M$186.4M$192.8M$189.9M$198.0M
Share-Based Compensation$152.1M$149.6M$142.1M———
Total operating expenses$1.1B$988.2M$681.8M$720.5M$712.0M$743.5M

Other Income & Expense

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Other Non-Cash Income (Expense)-$4.3M—-$44.1M———
Other non-cash income (expense)-$4.3M—-$44.1M———
Other Charges-$500.0K$9.6M-$6.0M-$4.5M$1.9B$28.0M
Interest expense$47.2M$37.6M$48.7M$51.9M$51.2M$50.8M
Change in Accounts Payable-$11.0M$260.6M-$37.4M———
Other Non-Cash Income (Expense)-$4.3M—-$44.1M———
Other income (expense), net-$47.7M-$1.9B-$54.7M-$56.4M$1.9B$0.0
Other Non-cash Income (Expense)-$4.3M—-$44.1M———
Other Non-Cash Income (Expense)-$4.3M—-$44.1M———

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Capital Expenditures$73.5M$44.8M$118.8M———
Change in Accounts Receivable$94.7M-$611.2M$115.6M———
Tax Withholding for Share-Based Payments$62.5M$111.5M$50.2M———
Amortization of capitalized software and acquired intangible assets$264.9M$334.2M$245.7M$243.7M$229.0M$223.6M
Deferred taxes—-$109.7M-$4.3M———
Accounts payable-$11.0M$260.6M-$37.4M———
Increase (Decrease) in Accounts Receivable$94.7M-$611.2M$115.6M———
Increase in accrued expenses and other liabilities$269.9M—-$26.4M———
Accrued compensation and employee benefits—$111.5M-$117.6M———
Increase (Decrease) in Inventories—$210.7M$69.9M———
Increase (Decrease) in Prepaid Expense and Other Assets$190.1M-$286.9M-$24.1M———
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.5B—-$301.2M———
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$2.4B-$2.5B-$94.1M———
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$582.3M$304.4M$332.9M———
Other Depreciation and Amortization$86.9M$49.1M$84.2M———
Other Noncash Income (Expense)-$4.3M—-$44.1M———
Other income, net (Note 6)-$500.0K$9.6M-$6.0M-$4.5M$1.9B$28.0M
Payment on Technology License Obligation$47.7M$51.6M$26.8M———
Payment for (Proceeds from) Other Investing Activity$12.8M-$43.7M$100.0K———
Payments for Repurchase of Common Stock$1.3B—$340.0M———
Payments of Dividends$50.8M$53.2M$51.8M———
Payment, Tax Withholding, Share-Based Payment Arrangement$62.5M$111.5M$50.2M———
Payments to Acquire Businesses, Net of Cash Acquired—$10.4M$0.0$0.0$0.0$0.0
Payments to Acquire Intangible Assets$1.2M$3.6M$1.1M———
Payments to Acquire Property, Plant, and Equipment$73.5M$44.8M$118.8M———
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans$400.0K$36.1M$600.0K———
Repayments of Long-Term Debt——$32.8M———
Revenue From Contract With Customer Excluding Assessed Tax$1.5B$1.8B$1.9B$2.0B$2.1B$2.2B
Stock-based compensation$152.1M$149.6M$142.1M———

Earnings Per Share

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Basic earnings per share$-0.78$-3.66$0.21$0.23$2.22$0.44
Diluted earnings per share$-0.78$-3.63$0.20$0.22$2.20$0.45
Weighted-average shares, basic865.7M4.4M864.8M862.6M855.8M—
Weighted-average shares, diluted865.7M—875.6M870.4M863.7M—

Operating Income

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Gross profit$349.4M$917.4M$952.4M$1.0B$1.1B$1.1B
Operating income-$702.8M-$1.6B$270.6M$290.1M$357.8M$404.4M

Tax

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Income tax expense-$74.2M-$400.7M$38.0M$38.9M$314.1M$0.0

Net Income

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Net income-$676.3M-$3.2B$177.9M$194.8M$1.9B$396.1M

Cost of Revenue

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Total cost of revenue$1.2B$442.0M$942.9M$995.5M$1.0B$1.1B

Revenue

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Total revenue$1.5B$1.8B$1.9B$2.0B$2.1B$2.2B