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Marvell Technology, Inc.
Ticker MRVL · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-03-11 · Period end 2026-01-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 16.1%; equity ratio is 64.2%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin16.1%
Equity ratio64.2%
Last priceUSD 133.55
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
MARVELL TECHNOLOGY, INC is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel (302) 295-4840 · As of filing date 2026-03-11
Financial statements
Income statement
| Account | FY2025 (ended Feb 01, 2025) | FY2026 (ended Jan 31, 2026) |
|---|---|---|
| Revenue | $5.8B | $8.2B |
| Cost of sales* | $3.4B | $4.0B |
| Gross profit | $2.4B | $4.2B |
| Operating profit | -$720.3M | $1.3B |
| Income tax | -$9.7M | $376.5M |
| Net income | -$885.0M | $2.7B |
| Basic EPS | — | — |
Balance sheet
| Account | FY2025 (ended Feb 01, 2025) | FY2026 (ended Jan 31, 2026) |
|---|---|---|
| Cash & equivalents | $948.3M | $2.6B |
| Current assets | $3.1B | $6.5B |
| Non-current assets* | $17.1B | $15.8B |
| Total assets | $20.2B | $22.3B |
| Current liabilities | $2.0B | $3.2B |
| Non-current liabilities* | $4.8B | $4.8B |
| Total liabilities | $6.8B | $8.0B |
| Stockholders’ equity | $13.4B | $14.3B |
Cash flow statement
| Account | FY2025 (ended Feb 01, 2025) | FY2026 (ended Jan 31, 2026) |
|---|---|---|
| Operating cash flow | $1.7B | $1.8B |
| Investing cash flow | -$300.7M | $2.1B |
| Financing cash flow | -$1.4B | -$2.2B |
| Cash at end of period | $948.3M | $2.6B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $5.9B | $5.5B | $5.8B | $8.2B | |
| Operating profit | -$347.7M | $238.0M | -$567.7M | -$720.3M | $1.3B | |
| Net income | -$421.0M | -$163.5M | -$933.4M | -$885.0M | $2.7B | |
| Total assets | $22.1B | $22.5B | $21.2B | $20.2B | $22.3B | |
| Cash & equivalents | $613.5M | $911.0M | $950.8M | $948.3M | $2.6B | |
| Stockholders’ equity | $15.7B | $15.6B | $14.8B | $13.4B | $14.3B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $5.8B to $8.2B (▲ +42.1%). Operating profit went from -$720.3M to $1.3B (▲ +283.7%).
Operating cash flow was $1.8B (prior $1.7B), with cash on the balance sheet at $2.6B versus $948.3M.
Liquidity & leverage
Cash moved from $948.3M to $2.6B; current liabilities $3.2B.
Capital buffer
Stockholders’ equity moved from $13.4B to $14.3B.
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Source: SEC EDGAR 0001835632-26-000011
(MARVELL TECHNOLOGY, INC), period end 2026-01-31.