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Marvell Technology, Inc. logo

Marvell Technology, Inc. Income Statement

Revenue, expenses, and profitability over time

Marvell Technology, Inc. generated $8.7B in trailing twelve-month revenue, up 0.3% year-over-year. Net income was $2.5B with a 28.99% net margin. Gross margin stands at 51.5% and operating margin at 15.97%. Diluted EPS is $2.92, which grew 3.8% year-over-year. Based on the Q2 2026 filing.

Total Revenue (TTM)$8.7BGross Profit (TTM)$4.5BOperating Income (TTM)$1.4BNet Income (TTM)$2.5BEps Diluted (TTM)$2.92
Latest FilingQ2 2026
Report Date2026-05-28
Market Cap$245.57B
P/E Ratio97.19
ROE16.03%

Operating Expenses

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Stock-Based Compensation Expense$147.6M$142.1M$153.6M$152.1M$143M$207.6M
Amortization of Finite-Lived Intangible Assets$247.1M$245.7M$243.7M$229M$223.6M$225.2M
Share-Based Compensation Expense$147.6M$142.1M$153.6M$152.1M$143M$207.6M
Amortization expense$247.1M$245.7M$243.7M$229M$223.6M$225.2M
Stock-based compensation expense$147.6M$142.1M$153.6M$152.1M$143M$207.6M
Research and development$499M$507.7M$519M$512.5M$536M$652.3M
Restructuring charges$0-$12.3M$8.7M$9.6M$9.5M$10.7M
Selling, general and administrative$195.7M$186.4M$192.8M$189.9M$198M$258.4M
Share-Based Compensation$147.6M$142.1M$153.6M$152.1M$143M$207.6M
Total operating expenses$682.2M$681.8M$720.5M$712M$743.5M$921.4M

Other Income & Expense

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Other Non-Cash Income (Expense)-$23.8M-$44.1M-$36.7M-$4.3M-$24.4M-$23.2M
Other non-cash income (expense)-$23.8M-$44.1M-$36.7M-$4.3M-$24.4M-$23.2M
Other Charges$9.6M-$6M-$4.5M$1.9B$28M-$203.3M
Interest expense$45M$48.7M$51.9M$51.2M$50.8M$52.8M
Change in Accounts Payable$71.7M-$37.4M-$30.7M-$11M$378.4M-$355.9M
Other Non-Cash Income (Expense)-$23.8M-$44.1M-$36.7M-$4.3M-$24.4M-$23.2M
Other income (expense), net-$35.4M-$54.7M-$56.4M$1.9B$0-$256.1M
Other Non-cash Income (Expense)-$23.8M-$44.1M-$36.7M-$4.3M-$24.4M-$23.2M
Other Non-Cash Income (Expense)-$23.8M-$44.1M-$36.7M-$4.3M-$24.4M-$23.2M

Other

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Capital Expenditures$69.9M$118.8M$47.5M$73.5M$114.3M$155.7M
Change in Accounts Receivable—$115.6M$307.7M$94.7M$640.2M-$314.9M
Tax Withholding for Share-Based Payments$84.6M$50.2M$50.7M$62.5M$77.3M$227.2M
Amortization of capitalized software and acquired intangible assets$247.1M$245.7M$243.7M$229M$223.6M$225.2M
Deferred taxes-$5.7M-$4.3M-$4.9M$7M$44.4M$13.8M
Accounts payable$71.7M-$37.4M-$30.7M-$11M$378.4M-$355.9M
Increase (Decrease) in Accounts Receivable—$115.6M$307.7M$94.7M$640.2M-$314.9M
Increase in accrued expenses and other liabilities$87.3M-$26.4M$167.3M$269.9M$0-$46.3M
Accrued compensation and employee benefits$31.6M-$117.6M———-$84.4M
Increase (Decrease) in Inventories$169.8M$69.9M——$370.5M$11.4M
Increase (Decrease) in Prepaid Expense and Other Assets—-$24.1M$117.5M$190.1M—$28.5M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$363.5M-$301.2M-$45.9M-$1.5B-$327.3M$2B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$70.3M-$94.1M-$77.2M$2.4B$0-$1.4B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$514M$332.9M$461.6M$582.3M$373.7M$638.8M
Other Depreciation and Amortization$78.8M$84.2M$84.1M$86.9M$93.4M$95.4M
Other Noncash Income (Expense)-$23.8M-$44.1M-$36.7M-$4.3M-$24.4M-$23.2M
Other income, net (Note 6)$9.6M-$6M-$4.5M$1.9B$28M-$203.3M
Payment on Technology License Obligation$29.2M$26.8M$27.5M$47.7M$26.3M$27.2M
Payment for (Proceeds from) Other Investing Activity-$400K$100K$30M$12.8M$6.7M-$5.7M
Payments for Repurchase of Common Stock$200M$340M$200M$1.3B$200.1M$200M
Payments of Dividends$51.9M$51.8M$51.7M$50.8M$50.8M$53.8M
Payment, Tax Withholding, Share-Based Payment Arrangement$84.6M$50.2M$50.7M$62.5M$77.3M$227.2M
Payments to Acquire Businesses, Net of Cash Acquired$2.6M$0——$0$1.3B
Payments to Acquire Intangible Assets$800K$1.1M$1.1M$1.2M$1.1M$500K
Payments to Acquire Property, Plant, and Equipment$69.9M$118.8M$47.5M$73.5M$114.3M$155.7M
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans$35.2M$600K$50.5M$400K$27.2M$3.3M
Repayments of Long-Term Debt$32.8M$32.8M$757.8M——$500M
Revenue From Contract With Customer Excluding Assessed Tax$1.8B$1.9B$2B$2.1B$2.2B$2.4B
Stock-based compensation$147.6M$142.1M$153.6M$152.1M$143M$207.6M

Earnings Per Share

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Basic earnings per share—$0.21$0.23$2.22$0.46$0.04
Diluted earnings per share—$0.20$0.22$2.20$0.46$0.04
Weighted-average shares, basic865.5M864.8M862.6M855.8M861M882M
Weighted-average shares, diluted865.5M875.6M870.4M863.7M869.7M893.3M

Operating Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Gross profit$917.4M$952.4M$1B$1.1B$1.1B$1.3B
Operating income—$270.6M$290.1M$357.8M$404.4M$339.4M

Tax

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Income tax expense-$400K$38M$38.9M$314.1M$0$48.8M

Net Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Net income—$177.9M$194.8M$1.9B$396.1M$34.5M

Cost of Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Total cost of revenue$900M$942.9M$995.5M$1B$1.1B$1.2B

Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Total revenue$1.8B$1.9B$2B$2.1B$2.2B$2.4B