Marvell Technology, Inc. (MRVL) balance sheet
NASDAQ · Technology · Semiconductors · 7,480 employees · CEO Matthew J. Murphy
- Price
- $196.40 -10.05%
- Market cap
- $172B
- Enterprise value
- $173B
- Last report
- Q2 '27 filed 2026-08-28
- Next report
- 2026-12-01 EPS est. $1.10
At the end of Q2 '27 Marvell Technology, Inc. (MRVL) held $3.93B in cash and short-term investments against $5.29B of debt incl. leases. Total assets $27.6B, total liabilities $9.02B, shareholders' equity $18.5B.
Balance sheet
| Balance sheet | Trend | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $726M | $951M | $848M | $809M | $868M | $948M | $886M | $1.22B | $2.71B | $2.64B | $3.84B | $3.93B | |
| Receivables | $1.21B | $1.12B | $882M | $1.06B | $998M | $1.03B | $1.14B | $1.45B | $1.55B | $2.19B | $1.87B | $2.22B | |
| Inventory | $942M | $864M | $826M | $818M | $859M | $1.03B | $1.07B | $1.05B | $1.01B | $1.39B | $1.4B | $1.36B | |
| Other current assets | $91.5M | $126M | $91.7M | $77.3M | $91.4M | $114M | $736M | $785M | $237M | $247M | $348M | $408M | |
| Current assets | $2.97B | $3.06B | $2.65B | $2.76B | $2.82B | $3.12B | $3.84B | $4.51B | $5.51B | $6.46B | $7.46B | $7.92B | |
| Property, plant & equipment (net) | $912M | $960M | $962M | $998M | $996M | $1.04B | $1.02B | $1.07B | $1.13B | $1.22B | $1.26B | $1.36B | |
| Long-term investments | $44.1M | $45.8M | $50.5M | $50.4M | $49.4M | $48.2M | $48.6M | $73M | $128M | $130M | $140M | $0 | |
| Goodwill | $11.6B | $11.6B | $11.6B | $11.6B | $11.6B | $11.6B | $11.1B | $11.1B | $11.1B | $11.1B | $13.9B | $13.9B | |
| Intangible assets | $4.61B | $4.35B | $4.06B | $3.82B | $3.12B | $3.11B | $2.83B | $2.55B | $2.29B | $2.05B | $2.84B | $2.35B | |
| Deferred tax assets | $760M | $312M | $327M | $348M | $407M | $401M | $406M | $410M | $404M | $346M | $320M | $322M | |
| Other non-current assets | $826M | $907M | $853M | $730M | $739M | $900M | $821M | $907M | $1.05B | $1.02B | $1.04B | $1.73B | |
| Non-current assets | $18.7B | $18.2B | $17.8B | $17.5B | $16.9B | $17.1B | $16.2B | $16.1B | $16.1B | $15.8B | $19.5B | $19.6B | |
| Total assets | $21.7B | $21.2B | $20.5B | $20.3B | $19.7B | $20.2B | $20B | $20.6B | $21.6B | $22.3B | $26.9B | $27.6B | |
| Liabilities | |||||||||||||
| Accounts payable | $419M | $411M | $321M | $453M | $538M | $622M | $563M | $611M | $634M | $1.07B | $710M | $798M | |
| Accrued expenses | $725M | $834M | $674M | $560M | $713M | $847M | $749M | $881M | $916M | $1.01B | $1.02B | $333M | |
| Short-term debt | $96.3M | $107M | $118M | $129M | $129M | $130M | $1.26B | $499M | $500M | $500M | $0 | $0 | |
| Taxes payable | $163M | $17.8M | $20.9M | $63.9M | $33.4M | $55.6M | $78M | $91.2M | $334M | $228M | $193M | $0 | |
| Deferred revenue | $56.9M | $43.2M | $33.9M | $39.2M | $34.5M | $22.1M | $31.8M | $41.3M | $32.2M | $40.1M | $63.7M | $0 | |
| Other current liabilities | $380M | $361M | $262M | $260M | $272M | $303M | $215M | $225M | $268M | $310M | $232M | $1.15B | |
| Current liabilities | $1.88B | $1.81B | $1.47B | $1.55B | $1.76B | $2.03B | $2.94B | $2.4B | $2.74B | $3.22B | $2.28B | $2.5B | |
| Long-term debt | $4.09B | $4.06B | $4.03B | $4B | $3.97B | $3.93B | $2.98B | $3.97B | $3.97B | $3.97B | $4.96B | $4.96B | |
| Lease obligations (non-current) | $197M | $196M | $197M | $207M | $203M | $231M | $229M | $258M | $255M | $263M | $261M | $264M | |
| Deferred tax liabilities | $73.2M | $58.7M | $51.5M | $35.2M | $46.3M | $33.8M | $34.2M | $33.3M | $33.9M | $20.5M | $95.7M | $125M | |
| Other non-current liabilities | $242M | $270M | $269M | $303M | $364M | $552M | $529M | $506M | $527M | $502M | $1.13B | $1.17B | |
| Non-current liabilities | $4.6B | $4.58B | $4.54B | $4.54B | $4.58B | $4.75B | $3.77B | $4.77B | $4.79B | $4.76B | $6.45B | $6.52B | |
| Total liabilities | $6.48B | $6.4B | $6.01B | $6.09B | $6.34B | $6.78B | $6.71B | $7.16B | $7.52B | $7.98B | $8.73B | $9.02B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.8M | $1.8M | |
| Retained earnings | $428M | -$16.7M | -$284M | -$529M | -$1.26B | -$1.11B | -$983M | -$840M | $1.01B | $1.36B | $1.34B | $1.59B | |
| Accumulated other comprehensive income | -$1.4M | $1.1M | $400K | -$400K | -$300K | $400K | -$100K | $600K | $400K | $0 | $0 | $0 | |
| Shareholders' equity | $15.2B | $14.8B | $14.5B | $14.2B | $13.4B | $13.4B | $13.3B | $13.4B | $14.1B | $14.3B | $18.2B | $18.5B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $4.42B | $4.4B | $4.38B | $4.37B | $4.34B | $4.34B | $4.51B | $4.78B | $4.78B | $4.79B | $5.28B | $5.29B | |
| Net debt (debt - cash) | $3.7B | $3.45B | $3.53B | $3.57B | $3.47B | $3.39B | $3.63B | $3.55B | $2.06B | $2.15B | $1.43B | $1.35B | |
| Balance sheet | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $814M | $888M | $582M | $648M | $748M | $614M | $911M | $951M | $948M | $2.64B | |
| Short-term investments | $854M | $953M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $335M | $280M | $493M | $492M | $537M | $1.05B | $1.19B | $1.12B | $1.03B | $2.19B | |
| Inventory | $171M | $170M | $276M | $323M | $268M | $720M | $1.07B | $864M | $1.03B | $1.39B | |
| Other current assets | $57.1M | $30.8M | $0 | $0 | $0 | -$3K | $110M | $126M | $114M | $247M | |
| Current assets | $2.29B | $2.36B | $1.4B | $1.54B | $1.62B | $2.49B | $3.28B | $3.06B | $3.12B | $6.46B | |
| Property, plant & equipment (net) | $243M | $202M | $319M | $468M | $428M | $605M | $789M | $960M | $1.04B | $1.22B | |
| Long-term investments | $10.4M | $2.2M | $0 | $0 | $7.65M | $30.7M | $36.1M | $45.8M | $48.2M | $130M | |
| Goodwill | $1.99B | $1.99B | $5.49B | $5.34B | $5.34B | $11.5B | $11.6B | $11.6B | $11.6B | $11.1B | |
| Intangible assets | $69.6M | $87.5M | $2.69B | $3.04B | $2.51B | $6.64B | $5.54B | $4.35B | $3.11B | $2.05B | |
| Deferred tax assets | $26.6M | $20.6M | $12.5M | $640M | $672M | $494M | $466M | $312M | $401M | $346M | |
| Other non-current assets | $14.9M | $38.4M | $110M | $108M | $190M | $332M | $822M | $907M | $900M | $1.02B | |
| Non-current assets | $2.36B | $2.34B | $8.62B | $9.6B | $9.15B | $19.6B | $19.2B | $18.2B | $17.1B | $15.8B | |
| Total assets | $4.65B | $4.71B | $10B | $11.1B | $10.8B | $22.1B | $22.5B | $21.2B | $20.2B | $22.3B | |
| Liabilities | |||||||||||
| Accounts payable | $143M | $145M | $185M | $214M | $252M | $462M | $466M | $411M | $622M | $1.07B | |
| Accrued expenses | $143M | $86M | $133M | $139M | $297M | $442M | $763M | $834M | $847M | $1.01B | |
| Short-term debt | $0 | $0 | $0 | $0 | $200M | $63.2M | $584M | $107M | $130M | $500M | |
| Taxes payable | $0 | $959K | $47.1M | $6.13M | $2.25M | $23.3M | $118M | $17.8M | $55.6M | $228M | |
| Deferred revenue | $64M | $61.2M | $142M | $117M | $16.1M | $39M | $45.2M | $43.2M | $22.1M | $40.1M | |
| Other current liabilities | $145M | $128M | $129M | $212M | $277M | $321M | $367M | $361M | $303M | $310M | |
| Current liabilities | $496M | $421M | $637M | $710M | $1.08B | $1.39B | $2.39B | $1.81B | $2.03B | $3.22B | |
| Long-term debt | $0 | $0 | $1.73B | $1.44B | $993M | $4.48B | $3.91B | $4.06B | $3.93B | $3.97B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $116M | $104M | $140M | $202M | $196M | $231M | $263M | |
| Deferred tax liabilities | $38.8M | $52.2M | $246M | $31.2M | $22.4M | $34.5M | $64.2M | $58.7M | $33.8M | $20.5M | |
| Other non-current liabilities | $85.8M | $93.5M | $94.6M | $158M | $132M | $358M | $325M | $270M | $552M | $502M | |
| Non-current liabilities | $125M | $146M | $2.07B | $1.74B | $1.25B | $5.02B | $4.5B | $4.58B | $4.75B | $4.76B | |
| Total liabilities | $621M | $567M | $2.71B | $2.45B | $2.33B | $6.41B | $6.88B | $6.4B | $6.78B | $7.98B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $1.01M | $991K | $1.32M | $1.33M | $1.35M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | |
| Retained earnings | $1.01B | $1.41B | $1.12B | $2.54B | $2.1B | $1.49B | $1.12B | -$16.7M | -$1.11B | $1.36B | |
| Accumulated other comprehensive income | $23K | -$2.32M | $0 | $0 | $0 | $0 | $0 | $1.1M | $400K | $0 | |
| Shareholders' equity | $4.03B | $4.14B | $7.31B | $8.68B | $8.44B | $15.7B | $15.6B | $14.8B | $13.4B | $14.3B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $0 | $0 | $1.73B | $1.58B | $1.33B | $4.73B | $4.74B | $4.4B | $4.34B | $4.79B | |
| Net debt (debt - cash) | -$814M | -$888M | $1.15B | $936M | $581M | $4.11B | $3.83B | $3.45B | $3.39B | $2.15B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-K 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-K 2025-02-01, 10-Q 2024-11-02, 10-Q 2024-08-03
Data as of 2026-11-01