Marvell Technology, Inc. (MRVL) income statement
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
Marvell Technology, Inc. (MRVL) reported revenue of $2.74B for Q2 '27 (+36.5% year on year), operating income of $457M (16.7% of revenue) and net income of $308M. Over the last four quarters revenue was $9.45B.
Income statement
| Income statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.42B | $1.43B | $1.16B | $1.27B | $1.52B | $1.82B | $1.9B | $2.01B | $2.07B | $2.22B | $2.42B | $2.74B | |
| Cost of revenue | $867M | $762M | $633M | $685M | $1.17B | $900M | $943M | $996M | $1B | $1.15B | $1.16B | $1.28B | |
| Gross profit | $551M | $664M | $528M | $588M | $349M | $917M | $952M | $1.01B | $1.07B | $1.07B | $1.26B | $1.46B | |
| Research & development | $481M | $460M | $476M | $487M | $489M | $499M | $508M | $519M | $513M | $536M | $652M | $741M | |
| Other operating expenses | $3.4M | $25.8M | $4.1M | $4M | $358M | -$12.5M | -$12.3M | $8.7M | $9.6M | $0 | $0 | $0 | |
| Operating expenses | $698M | $697M | $680M | $688M | $1.05B | $682M | $682M | $721M | $712M | $659M | $911M | $999M | |
| Operating income | -$146M | -$33.3M | -$152M | -$100M | -$703M | $235M | $271M | $290M | $358M | $414M | $350M | $457M | |
| Interest income | $11.4M | $3M | $3.3M | $2.6M | $0 | $9.6M | $0 | $0 | $1.91B | $28M | $0 | $0 | |
| Interest expense | $52.6M | $52.6M | $48.8M | $48.4M | $47.7M | $45M | $54.7M | $56.4M | $51.2M | $50.8M | $52.8M | $61.6M | |
| Other non-operating income (gains on investments, FX ...) | -$11.4M | $1.4M | -$3.3M | -$2.6M | $0 | -$9.6M | $12.3M | -$8.7M | -$1.9B | -$18.5M | $10.7M | $0 | |
| Total non-operating income | -$41.2M | -$54M | -$45.5M | -$45.8M | -$47.7M | -$35.4M | -$54.7M | -$56.4M | $1.86B | -$32.3M | -$267M | -$78.6M | |
| Income before tax | -$188M | -$87.3M | -$198M | -$146M | -$751M | $200M | $216M | $234M | $2.22B | $382M | $83.3M | $378M | |
| Income tax | -$23.2M | $305M | $17.8M | $47.1M | -$74.2M | -$400K | $38M | $38.9M | $314M | -$14.5M | $48.8M | $70.3M | |
| Net income | -$164M | -$393M | -$216M | -$193M | -$676M | $200M | $178M | $195M | $1.9B | $396M | $34.5M | $308M | |
| EPS (basic) | -$0.19 | -$0.45 | -$0.25 | -$0.22 | -$0.78 | $0.23 | $0.21 | $0.23 | $2.20 | $0.47 | $0.04 | $0.34 | |
| EPS (diluted) | -$0.19 | -$0.45 | -$0.25 | -$0.22 | -$0.78 | $0.23 | $0.20 | $0.22 | $2.19 | $0.46 | $0.04 | $0.33 | |
| Shares (basic, weighted) | 863M | 865M | 865M | 866M | 866M | 866M | 865M | 863M | 861M | 848M | 882M | 897M | |
| Shares (diluted, weighted) | 863M | 865M | 865M | 866M | 866M | 866M | 876M | 870M | 870M | 856M | 893M | 921M | |
| Depreciation & amortization | $342M | $360M | $338M | $352M | $342M | $326M | $330M | $328M | $316M | $317M | $321M | $308M | |
| EBITDA | $207M | $325M | $189M | $254M | -$361M | $571M | $588M | $627M | $2.58B | $749M | $660M | $765M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.41B | $2.87B | $2.7B | $2.97B | $4.46B | $5.92B | $5.51B | $5.77B | $8.19B | |
| Cost of revenue | $1.01B | $947M | $1.41B | $1.34B | $1.48B | $2.4B | $2.93B | $3.21B | $3.39B | $4.01B | |
| Gross profit | $1.29B | $1.46B | $1.46B | $1.36B | $1.49B | $2.06B | $2.99B | $2.29B | $2.38B | $4.18B | |
| Research & development | $806M | $720M | $914M | $1.08B | $1.07B | $1.42B | $1.78B | $1.9B | $1.95B | $2.08B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $207M | $32.4M | $122M | $131M | $354M | $15.5M | |
| Operating expenses | $1.06B | $960M | $1.28B | $1.54B | $1.75B | $2.41B | $2.75B | $2.86B | $3.1B | $2.86B | |
| Operating income | $232M | $502M | $174M | -$183M | -$258M | -$348M | $238M | -$568M | -$720M | $1.34B | |
| Interest income | $13.2M | $17.4M | $11.9M | $4.82M | $2.6M | $800K | $17.7M | $20.7M | $15M | $1.93B | |
| Interest expense | $368K | $685K | $60.4M | $85.6M | $69.3M | $139M | $171M | $212M | $189M | $203M | |
| Other non-operating income (gains on investments, FX ...) | $84.2M | $50.3M | $118M | -$1.07B | -$5.5M | -$3.5M | -$17.7M | -$20.7M | -$15M | -$1.91B | |
| Total non-operating income | -$84.6M | -$51M | -$178M | $981M | -$63.8M | -$136M | -$153M | -$191M | -$174M | $1.71B | |
| Income before tax | $147M | $451M | -$4.65M | $798M | -$322M | -$484M | $85.1M | -$759M | -$895M | $3.05B | |
| Income tax | $72.6M | $18.1M | $174M | -$786M | -$44.9M | -$62.5M | $249M | $175M | -$9.7M | $377M | |
| Net income | $21.2M | $432M | -$179M | $1.58B | -$277M | -$421M | -$164M | -$933M | -$885M | $2.67B | |
| EPS (basic) | $0.04 | $0.87 | -$0.30 | $2.38 | -$0.41 | -$0.53 | -$0.19 | -$1.08 | -$1.02 | $3.10 | |
| EPS (diluted) | $0.04 | $0.85 | -$0.30 | $2.34 | -$0.41 | -$0.53 | -$0.19 | -$1.08 | -$1.02 | $3.07 | |
| Shares (basic, weighted) | 510M | 498M | 591M | 665M | 669M | 797M | 851M | 861M | 866M | 861M | |
| Shares (diluted, weighted) | 518M | 510M | 591M | 676M | 669M | 797M | 851M | 861M | 866M | 870M | |
| Depreciation & amortization | $118M | $87.1M | $307M | $525M | $642M | $1.25B | $1.39B | $1.4B | $1.36B | $1.29B | |
| EBITDA | $266M | $539M | $363M | $1.41B | $389M | $901M | $1.65B | $851M | $652M | $4.54B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe 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