The Dispatch • Est. 2026— — —
NASDAQ · Semiconductors · Fiscal year endsFY ends January

Marvell Technology, Inc.

MRVL
$157.31-14.66 (-8.52%)Today
52-week low $70.69high $329.88
52.3% below its 52-week high
Next earningsNov 26, 2026
Revenue by fiscal year, $ billions
+84% over the years shown (FY22–FY26)
Fiscal years · gold is the latest
Five years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest
$ billionsFY22FY23FY24FY25FY26
Income
Revenue4.46†5.925.515.778.19
Revenue growth—+33%-7%+5%+42%
Gross margin46.3%50.5%41.6%41.3%51.0%
Operating income-0.35†0.24-0.57-0.721.32
Operating margin-7.8%4.0%-10.3%-12.5%16.1%
Net income-0.42†-0.16-0.93-0.892.67
Net margin-9.4%-2.8%-16.9%-15.3%32.6%
Cash flow
Operating cash flow0.82†1.291.371.681.75
Capital expenditure0.17†0.210.340.280.35
Free cash flow (calculated)0.65†1.081.031.401.40
Share repurchases0.000.120.150.732.04
Balance sheet
Cash and equivalents0.61†0.910.950.952.64
Total assets22.11†22.5221.2320.2022.29
Total equity15.70†15.6414.8313.4314.31

Source: Marvell Technology, Inc.'s 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in January.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.