The Filings Report

Marvell Technology, Inc.

MRVLNasdaqCIK 1835632Technology / Semiconductorsfiscal year ends January26 quarters since 2020

Revenue, Q2 FY2027
$2.7B
+36.5% on Q2 FY2026
Net income
$308M
+58.1% on Q2 FY2026
Free cash flow
$479M
+15.6% on Q2 FY2026
Diluted EPS
$0.33
+50.0% on Q2 FY2026
Revenue, TTM
$9.5B
trailing four quarters
Net margin, TTM
27.9%
net income $2.6B
Free cash flow, TTM
$1.7B
$2.2B less $470M capex
Cash and equivalents
$3.9B
long-term debt $5.0B, Aug 1, 2026
Shares, 12-month change
+1.7%
877M shares, Aug 1, 2026
Buybacks, TTM
$1.9B
1.1% of market value
Dividends, TTM
$209M
0.1% of market value
Market value
$172.2B
at the close, buybacks

Latest quarter Q2 FY2027, filed August 28, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2027, the quarter ended August 1, 2026, Marvell Technology, Inc. reported revenue of $2.7B, +36.5% on Q2 FY2026, and net income of $308M (+58.1%). Operating margin was 16.8%. Free cash flow, operating cash flow less capital expenditures, was $479M ($606M less $127M). Diluted earnings per share were $0.33.

The last 16 quarters

Q3 FY2023 to Q2 FY2027, through the filing of August 28, 2026.

Revenue and net incomeRevenueNet income
−$1B$0$1B$2B$3BQ3'23, Revenue: $1.5BQ3'23, Net income: $13MQ3'23Q4'23, Revenue: $1.4BQ4'23, Net income: −$15MQ4'23Q1'24, Revenue: $1.3BQ1'24, Net income: −$169MQ1'24Q2'24, Revenue: $1.3BQ2'24, Net income: −$208MQ2'24Q3'24, Revenue: $1.4BQ3'24, Net income: −$164MQ3'24Q4'24, Revenue: $1.4BQ4'24, Net income: −$393MQ4'24Q1'25, Revenue: $1.2BQ1'25, Net income: −$216MQ1'25Q2'25, Revenue: $1.3BQ2'25, Net income: −$193MQ2'25Q3'25, Revenue: $1.5BQ3'25, Net income: −$676MQ3'25Q4'25, Revenue: $1.8BQ4'25, Net income: $200MQ4'25Q1'26, Revenue: $1.9BQ1'26, Net income: $178MQ1'26Q2'26, Revenue: $2.0BQ2'26, Net income: $195MQ2'26Q3'26, Revenue: $2.1BQ3'26, Net income: $1.9BQ3'26Q4'26, Revenue: $2.2BQ4'26, Net income: $396MQ4'26Q1'27, Revenue: $2.4BQ1'27, Net income: $35MQ1'27Q2'27, Revenue: $2.7BQ2'27, Net income: $308MQ2'27−$1B$0$1B$2B$3BQ3'23, Revenue: $1.5BQ3'23, Net income: $13MQ4'23, Revenue: $1.4BQ4'23, Net income: −$15MQ4'23Q1'24, Revenue: $1.3BQ1'24, Net income: −$169MQ2'24, Revenue: $1.3BQ2'24, Net income: −$208MQ2'24Q3'24, Revenue: $1.4BQ3'24, Net income: −$164MQ4'24, Revenue: $1.4BQ4'24, Net income: −$393MQ4'24Q1'25, Revenue: $1.2BQ1'25, Net income: −$216MQ2'25, Revenue: $1.3BQ2'25, Net income: −$193MQ2'25Q3'25, Revenue: $1.5BQ3'25, Net income: −$676MQ4'25, Revenue: $1.8BQ4'25, Net income: $200MQ4'25Q1'26, Revenue: $1.9BQ1'26, Net income: $178MQ2'26, Revenue: $2.0BQ2'26, Net income: $195MQ2'26Q3'26, Revenue: $2.1BQ3'26, Net income: $1.9BQ4'26, Revenue: $2.2BQ4'26, Net income: $396MQ4'26Q1'27, Revenue: $2.4BQ1'27, Net income: $35MQ2'27, Revenue: $2.7BQ2'27, Net income: $308MQ2'27

Net income losses drawn in red.

Free cash flow
$0$200M$400M$600MQ3'23, Free cash flow: $368MQ3'23Q4'23, Free cash flow: $298MQ4'23Q1'24, Free cash flow: $109MQ1'24Q2'24, Free cash flow: $1MQ2'24Q3'24, Free cash flow: $449MQ3'24Q4'24, Free cash flow: $476MQ4'24Q1'25, Free cash flow: $233MQ1'25Q2'25, Free cash flow: $258MQ2'25Q3'25, Free cash flow: $461MQ3'25Q4'25, Free cash flow: $444MQ4'25Q1'26, Free cash flow: $214MQ1'26Q2'26, Free cash flow: $414MQ2'26Q3'26, Free cash flow: $509MQ3'26Q4'26, Free cash flow: $259MQ4'26Q1'27, Free cash flow: $483MQ1'27Q2'27, Free cash flow: $479MQ2'27$0$200M$400M$600MQ3'23, Free cash flow: $368MQ4'23, Free cash flow: $298MQ4'23Q1'24, Free cash flow: $109MQ2'24, Free cash flow: $1MQ2'24Q3'24, Free cash flow: $449MQ4'24, Free cash flow: $476MQ4'24Q1'25, Free cash flow: $233MQ2'25, Free cash flow: $258MQ2'25Q3'25, Free cash flow: $461MQ4'25, Free cash flow: $444MQ4'25Q1'26, Free cash flow: $214MQ2'26, Free cash flow: $414MQ2'26Q3'26, Free cash flow: $509MQ4'26, Free cash flow: $259MQ4'26Q1'27, Free cash flow: $483MQ2'27, Free cash flow: $479MQ2'27

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$2B$4B$6BQ3'23, Cash and equivalents: $723MQ3'23, Long-term debt: $3.9BQ3'23Q4'23, Cash and equivalents: $911MQ4'23, Long-term debt: $3.9BQ4'23Q1'24, Cash and equivalents: $1.0BQ1'24, Long-term debt: $3.2BQ1'24Q2'24, Cash and equivalents: $423MQ2'24, Long-term debt: $3.1BQ2'24Q3'24, Cash and equivalents: $726MQ3'24, Long-term debt: $4.1BQ3'24Q4'24, Cash and equivalents: $951MQ4'24, Long-term debt: $4.1BQ4'24Q1'25, Cash and equivalents: $848MQ1'25, Long-term debt: $4.0BQ1'25Q2'25, Cash and equivalents: $809MQ2'25, Long-term debt: $4.0BQ2'25Q3'25, Cash and equivalents: $868MQ3'25, Long-term debt: $4.0BQ3'25Q4'25, Cash and equivalents: $948MQ4'25, Long-term debt: $3.9BQ4'25Q1'26, Cash and equivalents: $886MQ1'26, Long-term debt: $3.0BQ1'26Q2'26, Cash and equivalents: $1.2BQ2'26, Long-term debt: $4.0BQ2'26Q3'26, Cash and equivalents: $2.7BQ3'26, Long-term debt: $4.0BQ3'26Q4'26, Cash and equivalents: $2.6BQ4'26, Long-term debt: $4.0BQ4'26Q1'27, Cash and equivalents: $3.8BQ1'27, Long-term debt: $5.0BQ1'27Q2'27, Cash and equivalents: $3.9BQ2'27, Long-term debt: $5.0BQ2'27$0$2B$4B$6BQ3'23, Cash and equivalents: $723MQ3'23, Long-term debt: $3.9BQ4'23, Cash and equivalents: $911MQ4'23, Long-term debt: $3.9BQ4'23Q1'24, Cash and equivalents: $1.0BQ1'24, Long-term debt: $3.2BQ2'24, Cash and equivalents: $423MQ2'24, Long-term debt: $3.1BQ2'24Q3'24, Cash and equivalents: $726MQ3'24, Long-term debt: $4.1BQ4'24, Cash and equivalents: $951MQ4'24, Long-term debt: $4.1BQ4'24Q1'25, Cash and equivalents: $848MQ1'25, Long-term debt: $4.0BQ2'25, Cash and equivalents: $809MQ2'25, Long-term debt: $4.0BQ2'25Q3'25, Cash and equivalents: $868MQ3'25, Long-term debt: $4.0BQ4'25, Cash and equivalents: $948MQ4'25, Long-term debt: $3.9BQ4'25Q1'26, Cash and equivalents: $886MQ1'26, Long-term debt: $3.0BQ2'26, Cash and equivalents: $1.2BQ2'26, Long-term debt: $4.0BQ2'26Q3'26, Cash and equivalents: $2.7BQ3'26, Long-term debt: $4.0BQ4'26, Cash and equivalents: $2.6BQ4'26, Long-term debt: $4.0BQ4'26Q1'27, Cash and equivalents: $3.8BQ1'27, Long-term debt: $5.0BQ2'27, Cash and equivalents: $3.9BQ2'27, Long-term debt: $5.0BQ2'27

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2027 filed August 28, 2026.

Marvell Technology, Inc. income statement, quarterly
Millions of dollarsQ2 FY2027ended Aug 1, 2026filed Aug 28, 2026Q1 FY2027ended May 2, 2026filed May 28, 2026Q4 FY2026ended Jan 31, 2026filed Mar 11, 2026Q3 FY2026ended Nov 1, 2025filed Dec 3, 2025Q2 FY2026ended Aug 2, 2025filed Aug 29, 2025Q1 FY2026ended May 3, 2025filed May 30, 2025Q4 FY2025ended Feb 1, 2025filed Mar 12, 2025Q3 FY2025ended Nov 2, 2024filed Dec 4, 2024YoYQ2 FY2027vs Q2 FY2026
Revenue2,7392,4182,2192,0752,0061,8951,8171,516+36.5%
Cost of revenue1,2841,1571,0711,0059969439001,167+29.0%
Gross profit1,4561,2611,1481,0701,011952917349+44.0%
Research and development741652536513519508499489+42.8%
Selling, general and administrative258258198190193186196205+33.6%
Operating income460339404358290271235(703)+58.5%
Other income (expense)(81)(256)(23)1,858(56)(55)(35)(48)−44.3%
Pretax income—————————
Income tax7049(14)31439380(74)+80.7%
Net income308353961,901195178200(676)+58.1%
Diluted EPS ($)0.330.04—2.200.220.20—(0.78)+50.0%
Diluted shares (millions)921893—864870876—866—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2027 filed August 28, 2026.

Marvell Technology, Inc. balance sheet, quarterly
Millions of dollarsQ2 FY2027ended Aug 1, 2026filed Aug 28, 2026Q1 FY2027ended May 2, 2026filed May 28, 2026Q4 FY2026ended Jan 31, 2026filed Mar 11, 2026Q3 FY2026ended Nov 1, 2025filed Dec 3, 2025Q2 FY2026ended Aug 2, 2025filed Aug 29, 2025Q1 FY2026ended May 3, 2025filed May 30, 2025Q4 FY2025ended Feb 1, 2025filed Mar 12, 2025Q3 FY2025ended Nov 2, 2024filed Dec 4, 2024YoYQ2 FY2027vs Q2 FY2026
Cash and equivalents3,9333,8442,6392,7151,224886948868+221.2%
Short-term investments—————————
Total current assets7,9197,4646,4615,5134,5133,8383,1202,817+75.5%
Total assets27,55526,94522,28521,57920,58620,02420,20519,716+33.8%
Total current liabilities2,5002,2773,2212,7372,3992,9412,0271,764+4.2%
Long-term debt4,9634,9613,9713,9693,9682,9773,9343,966+25.1%
Total liabilities9,0238,7297,9777,5227,1656,7116,7786,343+25.9%
Stockholders’ equity18,53218,21614,30814,05713,42213,31313,42713,373+38.1%
Shares outstanding (millions)877875874848862862866865—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2027 filed August 28, 2026.

Marvell Technology, Inc. cash flow statement, quarterly
Millions of dollarsQ2 FY2027ended Aug 1, 2026filed Aug 28, 2026Q1 FY2027ended May 2, 2026filed May 28, 2026Q4 FY2026ended Jan 31, 2026filed Mar 11, 2026Q3 FY2026ended Nov 1, 2025filed Dec 3, 2025Q2 FY2026ended Aug 2, 2025filed Aug 29, 2025Q1 FY2026ended May 3, 2025filed May 30, 2025Q4 FY2025ended Feb 1, 2025filed Mar 12, 2025Q3 FY2025ended Nov 2, 2024filed Dec 4, 2024YoYQ2 FY2027vs Q2 FY2026
Operating cash flow606639374582462333514536+31.2%
Capital expenditures12715611474481197075+166.7%
Free cash flow (CFO − capex)479483259509414214444461+15.6%
Depreciation and amortization—————————
Share repurchases2002002001,3002003402002000.0%
Dividends paid5454515152525252+4.3%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2026 filed March 11, 2026.

Income statement

Marvell Technology, Inc. income statement, annual
Millions of dollarsFY2026ended Jan 31, 2026filed Mar 11, 2026FY2025ended Feb 1, 2025filed Mar 12, 2025FY2024ended Feb 3, 2024filed Mar 13, 2024FY2023ended Jan 28, 2023filed Mar 9, 2023FY2022ended Jan 29, 2022filed Mar 10, 2022FY2021ended Jan 30, 2021filed Jun 9, 2021FY2020ended Feb 1, 2020filed Jun 9, 2021
Revenue8,1955,7675,5085,9204,4622,9692,699
Cost of revenue4,0143,3853,2142,9322,3981,4811,342
Gross profit4,1812,3822,2942,9882,0641,4881,357
Research and development2,0751,9501,8961,7841,4241,0731,080
Selling, general and administrative767798834844955——
Operating income1,323(720)(568)238(348)(258)(243)
Other income (expense)1,724(174)(191)(153)3(64)1,042
Pretax income3,047(895)(759)85(483)(322)798
Income tax377(10)175249(62)(45)(786)
Net income2,670(885)(933)(163)(421)(277)1,584
Diluted EPS ($)3.07(1.02)(1.08)(0.19)(0.53)(0.41)2.34
Diluted shares (millions)870866861851797669676

Balance sheet

Marvell Technology, Inc. balance sheet, annual
Millions of dollarsFY2026ended Jan 31, 2026filed Mar 11, 2026FY2025ended Feb 1, 2025filed Mar 12, 2025FY2024ended Feb 3, 2024filed Mar 13, 2024FY2023ended Jan 28, 2023filed Mar 9, 2023FY2022ended Jan 29, 2022filed Mar 10, 2022FY2021ended Jan 30, 2021filed Jun 9, 2021FY2020ended Feb 1, 2020filed Jun 9, 2021
Cash and equivalents2,639948951911614748—
Short-term investments———————
Total current assets6,4613,1203,0633,2812,4931,617—
Total assets22,28520,20521,22922,52222,10910,765—
Total current liabilities3,2212,0271,8142,3871,3891,077—
Long-term debt3,9713,9344,0593,9084,485993—
Total liabilities7,9776,7786,3976,8856,4072,329—
Stockholders’ equity14,30813,42714,83115,63715,7028,4368,679
Shares outstanding (millions)874866866857848——

Cash flow statement

Marvell Technology, Inc. cash flow statement, annual
Millions of dollarsFY2026ended Jan 31, 2026filed Mar 11, 2026FY2025ended Feb 1, 2025filed Mar 12, 2025FY2024ended Feb 3, 2024filed Mar 13, 2024FY2023ended Jan 28, 2023filed Mar 9, 2023FY2022ended Jan 29, 2022filed Mar 10, 2022FY2021ended Jan 30, 2021filed Jun 9, 2021FY2020ended Feb 1, 2020filed Jun 9, 2021
Operating cash flow1,7511,6811,3711,289819817360
Capital expenditures35428533620616910782
Free cash flow (CFO − capex)1,3961,3971,0341,083650711278
Depreciation and amortization———305266198157
Share repurchases2,040725150115025364
Dividends paid205208207204191161160

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$13M
8 sales by 4 insiders; officers and directors $13M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$55M
30 sales by 7 insiders; officers and directors $55M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 16, 2026Bharathi SandeepPresident, Data Center Groupopen-market sale10b5-13,685$234.97$866K58,748Oct 16, 2026
Oct 15, 2026Scarpulla JustinSVP, Chief Accounting Officeroption exercise510$0.00—1,419Oct 16, 2026
Oct 15, 2026Scarpulla JustinSVP, Chief Accounting Officertax withholding253$241.24$61K1,166Oct 16, 2026
Oct 15, 2026Koopmans ChrisPresident and COOoption exerciseindirect2,788$0.00—210,729Oct 16, 2026
Oct 15, 2026Koopmans ChrisPresident and COOtax withholdingindirect1,468$241.24$354K209,261Oct 16, 2026
Oct 15, 2026Koopmans ChrisPresident and COOoption exerciseindirect4,077$0.00—213,338Oct 16, 2026
Oct 15, 2026Koopmans ChrisPresident and COOtax withholdingindirect2,147$241.24$518K211,191Oct 16, 2026
Oct 15, 2026Koopmans ChrisPresident and COOoption exerciseindirect3,400$0.00—214,591Oct 16, 2026
Oct 15, 2026Koopmans ChrisPresident and COOtax withholdingindirect1,791$241.24$432K212,800Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Groupoption exercise2,462$0.00—59,601Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Grouptax withholding1,297$241.24$313K58,304Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Groupoption exercise3,568$0.00—61,872Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Grouptax withholding1,879$241.24$453K59,993Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Groupoption exercise1,757$0.00—61,750Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Grouptax withholding926$241.24$223K60,824Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Groupoption exercise3,400$0.00—64,224Oct 16, 2026
Oct 15, 2026Bharathi SandeepPresident, Data Center Grouptax withholding1,791$241.24$432K62,433Oct 16, 2026
Oct 15, 2026Casper MarkEVP & Chief Legal Officeroption exercise1,394$0.00—3,810Oct 16, 2026
Oct 15, 2026Casper MarkEVP & Chief Legal Officertax withholding734$241.24$177K3,076Oct 16, 2026
Oct 15, 2026Casper MarkEVP & Chief Legal Officeroption exercise1,529$0.00—4,605Oct 16, 2026
Oct 15, 2026Casper MarkEVP & Chief Legal Officertax withholding806$241.24$194K3,799Oct 16, 2026
Oct 15, 2026Casper MarkEVP & Chief Legal Officeroption exercise1,190$0.00—4,989Oct 16, 2026
Oct 15, 2026Casper MarkEVP & Chief Legal Officertax withholding627$241.24$151K4,362Oct 16, 2026
Oct 15, 2026Murphy Matthew JChairman of the Board and CEO, Directoropen-market sale10b5-17,500$235.47$2M768,186Oct 16, 2026
Oct 15, 2026Murphy Matthew JChairman of the Board and CEO, Directoroption exercise6,968$0.00—775,154Oct 16, 2026

Full insider history for Marvell Technology, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 1; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
MARVELL TECHNOLOGY, INC, CIK 1835632 on EDGAR
Extract generated
August 31, 2026
Withheld
none
Repaired
1 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: operating income FY2025
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: GrossProfit
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense, OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated August 31, 2026.

JSON file
/data/financials/MRVL.json