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MRVL · Marvell Technology, Inc. · Financials

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Market Cap
$196.03B
Shares
876.90M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$8.19B +42.1%
FY2026 Revenue FY2020–FY2026
Net Income
$2.67B +401.7%
FY2026 Net Income FY2020–FY2026
Gross Margin
51.02% +9.7pp
FY2026 Gross Margin FY2020–FY2026
Operating Margin
16.14% +28.6pp
FY2026 Operating Margin FY2020–FY2026
Diluted EPS
$3.07 +401%
FY2026 Diluted EPS FY2020–FY2026
Operating Cash Flow
$1.75B +4.1%
FY2026 Operating Cash Flow FY2020–FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2027 (G) TTM FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
$12B $9.45B $8.19B $5.77B $5.51B $5.92B $4.46B $2.97B $2.7B
$4.52B $4.01B $3.39B $3.21B $2.93B $2.4B $1.48B $1.34B
$4.93B $4.18B $2.38B $2.29B $2.99B $2.06B $1.49B $1.36B
51.02% 41.31% 41.64% 50.47% 46.26% 50.13% 50.27%
$2.44B $2.08B $1.95B $1.9B $1.78B $1.42B $1.07B $1.08B
$843.6M $955.3M $467.2M $464.58M
$903.9M $767.1M $798.2M $834M $843.6M $955.3M
$892.7M $942M $1.05B $1.1B $1.09B $979.4M
$304.9M $265.9M $197.9M $156.66M
$45.3M $30M $185.3M $131.1M $21.6M $32.4M
$3.37B $2.86B $3.1B $2.86B $2.75B $2.41B $1.75B $1.6B
$1.56B $1.32B -$720.3M -$567.7M $238M -$347.7M -$258.4M -$243.36M
16.14% -12.49% -10.31% 4.02% -7.79% -8.7% -9.02%
$542.9M -$81.8M -$60.5M -$86.7M
$216.4M $202.6M $189.4M $211.7M $170.6M $139.3M $69.3M $85.63M
$1.5B $1.72B -$174.4M -$191M -$152.9M -$135.8M -$63.8M $1.04B
$3.05B -$894.7M -$758.7M $85.1M -$483.5M -$322.2M $798.38M
$418.7M $376.5M -$9.7M $174.7M $248.6M -$62.5M -$44.9M -$786.01M
$2.64B $2.67B -$885M -$933.4M -$163.5M -$421M -$277.3M $1.58B
32.58% -15.35% -16.95% -2.76% -9.43% -9.34% 58.7%
$2.64B $2.67B -$885.7M -$932.3M -$163.5M -$421M -$277.3M $1.58B
USD/shares $3.04 $3.10 -$1.02 -$1.08 -$0.19 -$0.53 -$0.41 $2.38
USD/shares $3.02 $3.07 -$1.02 -$1.08 -$0.19 -$0.53 -$0.41 $2.34
shares 861M 865.5M 861.3M 851.4M 796.9M 668.8M 664.71M
shares 869.7M 865.5M 861.3M 851.4M 796.9M 668.8M 676.09M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2020–FY2026: $3.42B in buybacks, $1.33B in dividends.

Debt Profile

Completed filing coverage through Mar 19, 2026 · latest terminal result Aug 19, 2026

Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.

Debt data is being processed. Please check back later.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

5.300% Senior Notes due 2036

Note · Marvell Technology, Inc.

Reference: 5.300% Senior Notes due 2036

Active
Outstanding
Commitment
Availability
Maturity
Apr 15, 2036
Documents and filing history
  1. Issuance · 2026-04-15 Outstanding USD 1,000,000,000 · carrying — Exact source document Parent 8-K filing · 2026-04-15
    On April 15, 2026, Marvell Technology, Inc. (the “Company”) completed a public offering of $1,000,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “Notes”). The Notes were offered and sold pursuant to the Company’s shelf registration statement on Form S-3 (No. 333-285742) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), on March 12, 2025. The net proceeds from the sale of the Notes were approximately $993.5 million after deducting the underwriters’ discount but before other expenses, and will be used for the repayment of debt, including the Company’s 1.650% senior notes due 2026. Any remaining funds will be used for general corporate purposes, which may include, but are not limited to, funding for working capital, payment of dividends, capital expenditures, repurchases of the Company’s common stock and acquisitions.
    Issuer evidence: On April 15, 2026, Marvell Technology, Inc. (the “Company”) completed a public offering of $1,000,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “Notes”). The Notes were offered and sold pursuant to the Company’s shelf registration statement on Form S-3 (No. 333-285742) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), on March 12, 2025. The net proceeds from the sale of the Notes were approximately $993.5 million after deducting the underwriters’ discount but before other expenses, and will be used for the repayment of debt, including the Company’s 1.650% senior notes due 2026. Any remaining funds will be used for general corporate purposes, which may include, but are not limited to, funding for working capital, payment of dividends, capital expenditures, repurchases of the Company’s common stock and acquisitions.
    Supporting evidence: The Notes will accrue interest from April 15, 2026. Interest on the Notes will be payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2026. The Notes will accrue interest at a rate of 5.300% per year. The Notes will mature on April 15, 2036.
    Supporting evidence: On April 15, 2026, Marvell Technology, Inc. (the “Company”) completed a public offering of $1,000,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “Notes”).
    Supporting evidence: On April 15, 2026, Marvell Technology, Inc. (the “Company”) completed a public offering of $1,000,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “Notes”).

5.300% Senior Notes due 2036

Note · Marvell Technology, Inc.

Reference: 5.300% Senior Notes due 2036

Active
Outstanding
Commitment
Availability
Maturity
Apr 15, 2036
Documents and filing history
  1. Issuance · 2026-04-15 Outstanding — · carrying — Exact source document Parent 8-K filing · 2026-04-15
    (b) The aggregate principal amount of the Notes that initially may be authenticated and delivered under this Fifth Supplemental Indenture (the “Initial Notes”) shall be limited to $1,000,000,000, subject to increase as set forth in Section 3.03 of this Fifth Supplemental Indenture.
    Issuer evidence: **FIFTH SUPPLEMENTAL INDENTURE**, dated as of April 15, 2026 (“Fifth Supplemental Indenture”), to the Indenture, dated as of April 12, 2021 (as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the “Base Indenture” and, as amended, modified and supplemented by this Fifth Supplemental Indenture, the “Indenture”), by and among Marvell Technology, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association (successor in interest to U.S. Bank National Association), as trustee (the “Trustee”).
    Supporting evidence: (a) There is hereby created and designated a series of Initial Notes under the Base Indenture: the “5.300% Senior Notes due 2036.” The changes, modifications and supplements to the Base Indenture effected by this Fifth Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Notes and shall not apply to any other series of notes that may be issued under the Base Indenture unless a supplemental indenture with respect to such other series of notes specifically incorporates such changes, modifications and supplements.
    Supporting evidence: (c) The Stated Maturity of the Notes shall be April 15, 2036. The Notes shall be payable and may be presented for payment, purchase, redemption, registration of transfer and exchange, without service charge (subject to Section 305 of the Base Indenture), at the office or agency of the Company maintained for such purpose, which shall initially be the Corporate Trust Office.
    Supporting evidence: (d) The Notes shall bear interest at the rate of 5.300% per annum and shall accrue interest from April 15, 2026. Interest on the Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The Interest Payment Dates for the Notes shall be April 15 and October 15 of each year, beginning on October 15, 2026, and the “Record Date” for any interest payable on each such Interest Payment Date shall be the immediately preceding April 1 and October 1, respectively; *provided* that upon the Stated Maturity of the Notes, interest shall be payable on such Stated Maturity from the most recent date to which interest has been paid or duly provided, and shall include the required payment of principal or premium, if any; and *provided* *further*, that the “Record Date” for any interest, principal, or premium, if any, payable on the Stated Maturity of the Notes shall be the immediately preceding April 1. If any Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal and premium, if any, or interest, or the redemption of such Notes, shall be due on the next succeeding Business Day at such place of payment with the same force and effect as if made on the date that such payment was due, and no interest shall accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.
    Supporting evidence: **WHEREAS**, the Company has duly authorized the execution and delivery, and desires and has requested the Trustee to join it in the execution and delivery, of this Fifth Supplemental Indenture in order to establish and provide for the issuance by the Company of Securities designated as its 5.300% Senior Notes due 2036 (the “Notes”) on the terms set forth herein;
    Supporting evidence: **WHEREAS**, the Company has duly authorized the execution and delivery, and desires and has requested the Trustee to join it in the execution and delivery, of this Fifth Supplemental Indenture in order to establish and provide for the issuance by the Company of Securities designated as its 5.300% Senior Notes due 2036 (the “Notes”) on the terms set forth herein;

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
20.85×
Peer median 12.50×
EV/EBIT
126.22×
Peer median 37.12×
P/E (TTM)
74.02×
Peer median 61.77×

Peer medians compare against the 18 similar-size Semiconductors companies (of 61 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2026 FY2025 FY2024 FY2023
Reportable Segment $8,194,600,000 $5,767,300,000 $5,507,700,000 $5,919,600,000

By Geography (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
China $2,969,900,000 $2,507,600,000 $2,371,000,000 $2,486,300,000 $1,970,500,000 $1,268,800,000 $1,071,028,000
Other Countries $2,393,300,000 $1,742,100,000 $2,179,200,000 $887,800,000 $478,400,000 $369,600,000 $448,645,000
Taiwan $1,657,300,000 $560,700,000 $161,900,000 $289,000,000 $161,000,000 $79,800,000
United States $1,174,100,000 $956,900,000 $795,600,000 $690,100,000 $484,000,000 $321,400,000 $258,827,000
Finland $189,600,000 $80,200,000 $6,900,000
Japan $260,000,000 $222,800,000 $142,600,000 $162,399,000
Malaysia $393,200,000 $276,000,000 $254,100,000 $226,358,000
Philippines $213,400,000 $166,700,000 $221,566,000
Singapore $331,700,000 $220,800,000 $107,600,000 $80,120,000
Thailand $391,900,000 $355,300,000 $251,400,000 $230,218,000

By Product & Service (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
Data Center $6,100,300,000 $4,164,200,000 $2,216,700,000 $2,408,800,000 $1,784,700,000 $1,040,800,000 $823,841,000
Communications and Other $2,094,300,000 $1,603,100,000 $3,291,000,000
Automotive and Industrial $356,500,000 $249,600,000 $118,000,000 $90,020,000
Carrier Infrastructure $1,084,000,000 $820,400,000 $599,400,000 $369,901,000
Consumer $701,100,000 $700,000,000 $574,700,000 $845,825,000
Enterprise Networking $1,369,200,000 $907,700,000 $636,000,000 $569,574,000
Key facts CIK 1835632 CUSIP 573874104 13F (30d) 912 filings 902 filers Visit website Investor relations