What is Marvell Technology Inc's earnings per share (EPS)?

Marvell Technology Inc (MRVL) reported diluted earnings per share of $3.07 for fiscal year 2026. This represents a 401.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Marvell Technology Inc Financials

MRVL

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Marvell Technology Inc (MRVL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Mixed

0.66x

For every $1 of reported earnings, Marvell Technology Inc generates $0.66 in operating cash flow ($1.8B OCF vs $2.7B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

7.1x

Marvell Technology Inc earns $7.1 in operating income for every $1 of interest expense ($1.3B vs $187.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$8.2B

YoY+42.1%

5Y CAGR+22.5%

Marvell Technology Inc generated $8.2B in revenue in fiscal year 2026. This represents an increase of 42.1% from the prior year.

EBITDA

$2.5B

YoY+388.2%

Marvell Technology Inc's EBITDA was $2.5B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 388.2% from the prior year.

Net Income

$2.7B

YoY+401.7%

Marvell Technology Inc reported $2.7B in net income in fiscal year 2026. This represents an increase of 401.7% from the prior year.

EPS (Diluted)

$3.07

YoY+401.0%

Marvell Technology Inc earned $3.07 per diluted share (EPS) in fiscal year 2026. This represents an increase of 401.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.4B

YoY-0.0%

5Y CAGR+14.5%

Marvell Technology Inc generated $1.4B in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 0.0% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$0.24

YoY+0.0%

5Y CAGR+0.0%

Marvell Technology Inc paid $0.24 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.

Shares Outstanding

874M

YoY+0.9%

Marvell Technology Inc had 874M shares outstanding in fiscal year 2026. This represents an increase of 0.9% from the prior year.

Margins & Returns

Gross Margin

51.0%

YoY+9.7pp

5Y CAGR+0.9pp

Marvell Technology Inc's gross margin was 51.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 9.7 percentage points from the prior year.

Operating Margin

16.1%

YoY+28.6pp

5Y CAGR+24.8pp

Marvell Technology Inc's operating margin was 16.1% in fiscal year 2026, reflecting core business profitability. This is up 28.6 percentage points from the prior year.

Net Margin

32.6%

YoY+47.9pp

5Y CAGR+41.9pp

Marvell Technology Inc's net profit margin was 32.6% in fiscal year 2026, showing the share of revenue converted to profit. This is up 47.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$2.1B

YoY+6.4%

5Y CAGR+14.1%

Marvell Technology Inc invested $2.1B in research and development in fiscal year 2026. This represents an increase of 6.4% from the prior year.

Share Buybacks

$2.0B

YoY+181.4%

5Y CAGR+140.8%

Marvell Technology Inc spent $2.0B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 181.4% from the prior year.

Capital Expenditures

$354.1M

YoY+24.4%

5Y CAGR+27.1%

Marvell Technology Inc invested $354.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 24.4% from the prior year.

MRVL Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$8.2B+42.1%	$5.8B+4.7%	$5.5B-7.0%	$5.9B+32.7%	$4.5B+50.3%	$3.0B
Cost of Revenue	$4.0B+18.6%	$3.4B+5.3%	$3.2B+9.6%	$2.9B+22.3%	$2.4B+62.0%	$1.5B
Gross Profit	$4.2B+75.5%	$2.4B+3.9%	$2.3B-23.2%	$3.0B+44.7%	$2.1B+38.7%	$1.5B
R&D Expenses	$2.1B+6.4%	$2.0B+2.9%	$1.9B+6.3%	$1.8B+25.3%	$1.4B+32.8%	$1.1B
SG&A Expenses	$767.1M-3.9%	$798.2M-4.3%	$834.0M-1.1%	$843.6M-11.7%	$955.3M	N/A
Operating Income	$1.3B+283.7%	-$720.3M-26.9%	-$567.7M-338.5%	$238.0M+168.4%	-$347.7M-34.6%	-$258.4M
Interest Expense	$187.3M+2.3%	$183.0M-13.6%	$211.7M+24.1%	$170.6M+22.5%	$139.3M+101.0%	$69.3M
Income Tax	$376.5M+3981.4%	-$9.7M-105.6%	$174.7M-29.7%	$248.6M+497.8%	-$62.5M-39.2%	-$44.9M
Net Income	$2.7B+401.7%	-$885.0M+5.2%	-$933.4M-470.9%	-$163.5M+61.2%	-$421.0M-51.8%	-$277.3M
EPS (Diluted)	$3.07+401.0%	$-1.02+5.6%	$-1.08-468.4%	$-0.19+64.2%	$-0.53-29.3%	$-0.41

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$2.1B+3.4%	$2.0B+5.8%	$1.9B+75.0%	$1.1B-28.6%	$1.5B+19.1%	$1.3B+9.6%	$1.2B-26.9%	$1.6B
Cost of Revenue	$1.0B+0.9%	$995.5M+5.6%	$942.9M+59.8%	$590.2M-49.4%	$1.2B+70.2%	$685.3M+8.2%	$633.1M-29.2%	$893.8M
Gross Profit	$1.1B+5.9%	$1.0B+6.1%	$952.4M+93.3%	$492.8M+41.0%	$349.4M-40.5%	$587.6M+11.3%	$527.8M-23.9%	$693.5M
R&D Expenses	$512.5M-1.3%	$519.0M+2.2%	$507.7M+8.6%	$467.4M-4.3%	$488.6M+0.4%	$486.7M+2.2%	$476.1M+2.6%	$464.2M
SG&A Expenses	$189.9M-1.5%	$192.8M+3.4%	$186.4M-10.9%	$209.2M+1.9%	$205.3M+4.1%	$197.3M-1.3%	$199.9M-5.3%	$211.1M
Operating Income	$357.8M+23.3%	$290.1M+7.2%	$270.6M+244.2%	-$187.7M+73.3%	-$702.8M-600.0%	-$100.4M+34.1%	-$152.3M-140.2%	-$63.4M
Interest Expense	$47.9M+2.4%	$46.8M+4.5%	$44.8M-2.8%	$46.1M+1.1%	$45.6M-1.9%	$46.5M-4.7%	$48.8M-13.6%	$56.5M
Income Tax	$314.1M+707.5%	$38.9M+2.4%	$38.0M+284.5%	-$20.6M+72.2%	-$74.2M-257.5%	$47.1M+164.6%	$17.8M-92.1%	$224.2M
Net Income	$1.9B+876.0%	$194.8M+9.5%	$177.9M+192.0%	-$193.3M+71.4%	-$676.3M-249.9%	-$193.3M+10.3%	-$215.6M+37.7%	-$346.0M
EPS (Diluted)	$2.20+900.0%	$0.22+10.0%	$0.20	N/A	$-0.78-254.5%	$-0.22+12.0%	$-0.25	N/A

MRVL Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$20.0B-2.3%	$20.5B-8.0%	$22.3B+1.1%	$22.0B+3.8%	$21.2B
Current Assets	N/A	$3.8B+44.9%	$2.6B-17.3%	$3.2B+23.2%	$2.6B+37.7%	$1.9B
Cash & Equivalents	N/A	$885.9M+4.5%	$847.7M-17.6%	$1.0B+121.1%	$465.0M-11.0%	$522.5M
Inventory	N/A	$1.1B+29.6%	$826.4M-19.5%	$1.0B+22.8%	$835.5M+55.3%	$538.1M
Accounts Receivable	N/A	$1.1B+29.7%	$881.9M-11.9%	$1.0B-16.0%	$1.2B+71.5%	$694.4M
Goodwill	N/A	$11.1B-4.5%	$11.6B0.0%	$11.6B+0.4%	$11.5B+5.2%	$11.0B
Total Liabilities	N/A	$6.7B+11.6%	$6.0B-11.3%	$6.8B+3.1%	$6.6B+3.1%	$6.4B
Current Liabilities	N/A	$2.9B+100.4%	$1.5B-52.1%	$3.1B+97.0%	$1.6B+34.0%	$1.2B
Long-Term Debt	N/A	$3.0B-26.1%	$4.0B+27.7%	$3.2B-29.3%	$4.5B-4.5%	$4.7B
Total Equity	N/A	$13.3B-8.1%	$14.5B-6.6%	$15.5B+0.2%	$15.5B+4.1%	$14.9B
Retained Earnings	N/A	-$983.1M-246.0%	-$284.1M-131.5%	$903.2M-29.1%	$1.3B-35.4%	$2.0B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$21.6B+4.8%	$20.6B+2.8%	$20.0B-0.9%	$20.2B+2.5%	$19.7B-2.8%	$20.3B-1.0%	$20.5B-3.5%	$21.2B
Current Assets	$5.5B+22.1%	$4.5B+17.6%	$3.8B+23.0%	$3.1B+10.8%	$2.8B+1.9%	$2.8B+4.4%	$2.6B-13.6%	$3.1B
Cash & Equivalents	$2.7B+121.7%	$1.2B+38.2%	$885.9M-6.6%	$948.3M+9.2%	$868.1M+7.3%	$808.7M-4.6%	$847.7M-10.8%	$950.8M
Inventory	$1.0B-3.5%	$1.1B-1.8%	$1.1B+4.0%	$1.0B+19.8%	$859.4M+5.1%	$817.8M-1.0%	$826.4M-4.4%	$864.4M
Accounts Receivable	$1.5B+6.5%	$1.5B+26.9%	$1.1B+11.2%	$1.0B+3.1%	$997.9M-5.9%	$1.1B+20.2%	$881.9M-21.4%	$1.1B
Goodwill	$11.1B0.0%	$11.1B0.0%	$11.1B-4.5%	$11.6B0.0%	$11.6B0.0%	$11.6B0.0%	$11.6B0.0%	$11.6B
Total Liabilities	$7.5B+5.0%	$7.2B+6.8%	$6.7B-1.0%	$6.8B+6.9%	$6.3B+4.2%	$6.1B+1.3%	$6.0B-6.0%	$6.4B
Current Liabilities	$2.7B+14.1%	$2.4B-18.4%	$2.9B+45.1%	$2.0B+14.9%	$1.8B+14.0%	$1.5B+5.4%	$1.5B-19.1%	$1.8B
Long-Term Debt	$4.0B0.0%	$4.0B+33.3%	$3.0B-24.3%	$3.9B-0.8%	$4.0B-0.8%	$4.0B-0.8%	$4.0B-0.8%	$4.1B
Total Equity	$14.1B+4.7%	$13.4B+0.8%	$13.3B-0.9%	$13.4B+0.4%	$13.4B-5.9%	$14.2B-1.9%	$14.5B-2.4%	$14.8B
Retained Earnings	$1.0B+220.3%	-$840.0M+14.6%	-$983.1M+11.4%	-$1.1B+11.8%	-$1.3B-137.6%	-$529.3M-86.3%	-$284.1M-1601.2%	-$16.7M

MRVL Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.8B+4.1%	$1.7B+22.7%	$1.4B+6.3%	$1.3B+57.3%	$819.3M+0.2%	$817.3M
Capital Expenditures	$354.1M+24.4%	$284.6M-15.4%	$336.3M+63.1%	$206.2M+21.9%	$169.2M+58.4%	$106.8M
Free Cash Flow	$1.4B0.0%	$1.4B+35.0%	$1.0B-4.5%	$1.1B+66.5%	$650.1M-8.5%	$710.5M
Investing Cash Flow	$2.1B+797.6%	-$300.7M+14.2%	-$350.5M-6.7%	-$328.4M+91.2%	-$3.7B-3031.4%	-$119.6M
Financing Cash Flow	-$2.2B-56.0%	-$1.4B-41.1%	-$980.2M-47.9%	-$662.9M-123.8%	$2.8B+567.6%	-$596.8M
Dividends Paid	$205.1M-1.2%	$207.5M+0.3%	$206.8M+1.2%	$204.4M+7.0%	$191.0M+18.9%	$160.6M
Share Buybacks	$2.0B+181.4%	$725.0M+383.3%	$150.0M+30.4%	$115.0M	$0-100.0%	$25.2M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$582.3M+26.1%	$461.6M+38.7%	$332.9M-35.2%	$514.0M-4.2%	$536.3M+75.0%	$306.4M-5.6%	$324.5M-40.6%	$546.6M
Capital Expenditures	$73.5M+54.7%	$47.5M-60.0%	$118.8M+70.0%	$69.9M-6.8%	$75.0M+55.6%	$48.2M-47.3%	$91.5M+28.9%	$71.0M
Free Cash Flow	$508.8M+22.9%	$414.1M+93.4%	$214.1M-51.8%	$444.1M-3.7%	$461.3M+78.7%	$258.2M+10.8%	$233.0M-51.0%	$475.6M
Investing Cash Flow	$2.4B+3197.4%	-$77.2M+18.0%	-$94.1M-33.9%	-$70.3M+6.9%	-$75.5M-42.5%	-$53.0M+48.0%	-$101.9M-33.7%	-$76.2M
Financing Cash Flow	-$1.5B-3131.8%	-$45.9M+84.8%	-$301.2M+17.1%	-$363.5M+9.4%	-$401.4M-37.3%	-$292.4M+10.2%	-$325.7M-32.8%	-$245.2M
Dividends Paid	$50.8M-1.7%	$51.7M-0.2%	$51.8M-0.2%	$51.9M0.0%	$51.9M0.0%	$51.9M+0.2%	$51.8M-0.2%	$51.9M
Share Buybacks	$1.3B+550.0%	$200.0M-41.2%	$340.0M+70.0%	$200.0M0.0%	$200.0M+14.3%	$175.0M+16.7%	$150.0M+50.0%	$100.0M

MRVL Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	51.0%+9.7pp	41.3%-0.3pp	41.6%-8.8pp	50.5%+4.2pp	46.3%-3.9pp	50.1%
Operating Margin	16.1%+28.6pp	-12.5%-2.2pp	-10.3%-14.3pp	4.0%+11.8pp	-7.8%+0.9pp	-8.7%
Net Margin	32.6%+47.9pp	-15.3%+1.6pp	-17.0%-14.2pp	-2.8%+6.7pp	-9.4%-0.1pp	-9.3%
Return on Equity	N/A	-6.7%-0.2pp	-6.5%-5.4pp	-1.1%+1.7pp	-2.7%-0.8pp	-1.9%
Return on Assets	N/A	-4.4%+0.1pp	-4.6%-3.8pp	-0.7%+1.2pp	-1.9%-0.6pp	-1.3%
Current Ratio	N/A	1.30-0.5	1.80+0.8	1.05-0.6	1.67+0.0	1.63
Debt-to-Equity	N/A	0.22-0.1	0.28+0.1	0.20-0.1	0.29-0.0	0.31
FCF Margin	17.0%-7.2pp	24.2%+5.4pp	18.8%+0.5pp	18.3%+3.7pp	14.6%-9.4pp	23.9%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	51.6%+1.2pp	50.4%+0.1pp	50.2%+4.7pp	45.5%+22.4pp	23.1%-23.1pp	46.2%+0.7pp	45.5%+1.8pp	43.7%
Operating Margin	17.3%+2.8pp	14.5%+0.2pp	14.3%+31.6pp	-17.3%+29.0pp	-46.4%-38.5pp	-7.9%+5.2pp	-13.1%-9.1pp	-4.0%
Net Margin	91.6%+81.9pp	9.7%+0.3pp	9.4%+27.2pp	-17.8%+26.8pp	-44.6%-29.4pp	-15.2%+3.4pp	-18.6%+3.2pp	-21.8%
Return on Equity	13.5%+12.1pp	1.5%+0.1pp	1.3%+2.8pp	-1.4%+3.6pp	-5.1%-3.7pp	-1.4%+0.1pp	-1.5%+0.8pp	-2.3%
Return on Assets	8.8%+7.9pp	0.9%+0.1pp	0.9%+1.8pp	-1.0%+2.5pp	-3.4%-2.5pp	-0.9%+0.1pp	-1.1%+0.6pp	-1.6%
Current Ratio	2.01+0.1	1.88+0.6	1.30-0.2	1.54-0.1	1.60-0.2	1.79-0.0	1.80+0.1	1.69
Debt-to-Equity	0.28-0.0	0.30+0.1	0.22-0.1	0.290.0	0.30+0.0	0.280.0	0.280.0	0.27
FCF Margin	24.5%+3.9pp	20.6%+9.3pp	11.3%-29.7pp	41.0%+10.6pp	30.4%+10.2pp	20.3%+0.2pp	20.1%-9.9pp	30.0%

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Frequently Asked Questions

What is Marvell Technology Inc's annual revenue?

Marvell Technology Inc (MRVL) reported $8.2B in total revenue for fiscal year 2026. This represents a 42.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Marvell Technology Inc's revenue growing?

Marvell Technology Inc (MRVL) revenue grew by 42.1% year-over-year, from $5.8B to $8.2B in fiscal year 2026.

Is Marvell Technology Inc profitable?

Yes, Marvell Technology Inc (MRVL) reported a net income of $2.7B in fiscal year 2026, with a net profit margin of 32.6%.

What is Marvell Technology Inc's EBITDA?

Marvell Technology Inc (MRVL) had EBITDA of $2.5B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Marvell Technology Inc's gross margin?

Marvell Technology Inc (MRVL) had a gross margin of 51.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Marvell Technology Inc's operating margin?

Marvell Technology Inc (MRVL) had an operating margin of 16.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Marvell Technology Inc's net profit margin?

Marvell Technology Inc (MRVL) had a net profit margin of 32.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Marvell Technology Inc pay dividends?

Yes, Marvell Technology Inc (MRVL) paid $0.24 per share in dividends during fiscal year 2026.

What is Marvell Technology Inc's free cash flow?

Marvell Technology Inc (MRVL) generated $1.4B in free cash flow during fiscal year 2026. This represents a -0.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Marvell Technology Inc's operating cash flow?

Marvell Technology Inc (MRVL) generated $1.8B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Marvell Technology Inc's capital expenditures?

Marvell Technology Inc (MRVL) invested $354.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Marvell Technology Inc spend on research and development?

Marvell Technology Inc (MRVL) invested $2.1B in research and development during fiscal year 2026.

Does Marvell Technology Inc buy back shares?

Yes, Marvell Technology Inc (MRVL) spent $2.0B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Marvell Technology Inc have outstanding?

Marvell Technology Inc (MRVL) had 874M shares outstanding as of fiscal year 2026.

Are Marvell Technology Inc's earnings high quality?

Marvell Technology Inc (MRVL) has an earnings quality ratio of 0.66x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Marvell Technology Inc cover its interest payments?

Marvell Technology Inc (MRVL) has an interest coverage ratio of 7.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.