Marvell Technology (MRVL)
Designs custom compute, networking, connectivity, and storage silicon for cloud and AI infrastructure.
$261.79
vs last close+4.41 (+1.71%)
In millions of USD, except per-share figures
| In millions | Q3 FY24Oct 2023 | Q4 FY24Jan 2024 | Q1 FY25May 2024 | Q2 FY25Aug 2024 | Q3 FY25Nov 2024 | Q4 FY25Jan 2025 | Q1 FY26May 2025 | Q2 FY26Aug 2025 | Q3 FY26Nov 2025 | Q4 FY26Jan 2026 | Q1 FY27May 2026 | Q2 FY27Aug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,419 | 1,427 | 1,161 | 1,273 | 1,516 | 1,817 | 1,895 | 2,006 | 2,075 | 2,219 | 2,418 | 2,739 |
| Cost of revenue | 867 | 762 | 633 | 685 | 1,167 | 900 | 943 | 996 | 1,005 | 1,146 | 1,157 | 1,284 |
| Gross profit | 551 | 664 | 528 | 588 | 349 | 917 | 952 | 1,011 | 1,070 | 1,073 | 1,261 | 1,456 |
| 698 | 697 | 680 | 688 | 1,052 | 682 | 682 | 721 | 712 | 659 | 911 | 999 | |
| Research & development | 481 | 460 | 476 | 487 | 489 | 499 | 508 | 519 | 513 | 536 | 652 | 741 |
| Selling, general & administrative | 213 | 212 | 200 | 197 | 205 | 196 | 186 | 193 | 190 | 123 | 258 | 258 |
| Other expenses | 3 | 26 | 4 | 4 | 358 | −13 | −12 | 9 | 10 | 0 | 0 | 0 |
| Operating income | −146 | −33 | −152 | −100 | −703 | 235 | 271 | 290 | 358 | 414 | 350 | 457 |
| −41 | −54 | −46 | −46 | −48 | −35 | −55 | −56 | 1,858 | −32 | −267 | −79 | |
| Interest income | 11 | 3 | 3 | 3 | 0 | 10 | 0 | 0 | 1,909 | 28 | 0 | 0 |
| Interest expense | 53 | 53 | 49 | 48 | 48 | 45 | 55 | 56 | 51 | 51 | 53 | 62 |
| Other non-operating income | −11 | 1 | −3 | −3 | 0 | −10 | 12 | −9 | −1,899 | −19 | 11 | 0 |
| Income before tax | −188 | −87 | −198 | −146 | −751 | 200 | 216 | 234 | 2,215 | 382 | 83 | 378 |
| Income tax expense | −23 | 305 | 18 | 47 | −74 | 0 | 38 | 39 | 314 | −15 | 49 | 70 |
| Net income from continuing operations | −164 | −393 | −216 | −193 | −676 | 200 | 178 | 195 | 1,901 | 396 | 35 | 308 |
| Net income | −164 | −393 | −216 | −193 | −676 | 200 | 178 | 195 | 1,901 | 396 | 35 | 308 |
| 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 |
| Weighted average shares, basic | 863 | 865 | 865 | 866 | 866 | 866 | 865 | 863 | 861 | 848 | 882 | 897 |
| Weighted average shares, diluted | 863 | 865 | 865 | 866 | 866 | 866 | 876 | 870 | 870 | 856 | 893 | 921 |
| EBITDA | 207 | 325 | 189 | 254 | −361 | 571 | 588 | 627 | 2,583 | 749 | 660 | 765 |
| Depreciation & amortization | 342 | 360 | 338 | 352 | 342 | 326 | 330 | 328 | 316 | 317 | 321 | 308 |
| EBIT | −135 | −35 | −149 | −98 | −703 | 245 | 258 | 299 | 2,267 | 432 | 339 | 457 |
