Marvell Technology, Inc. financials

Key figures from Marvell Technology, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricAug 2026Aug 2025Change
Revenue$2.7B$2.0B+36.5%
Net income$308M$195M+58.1%
Free cash flow$479M$414M+15.6%
Gross margin53.1%50.4%+2.8 pts
Operating margin16.8%14.5%+2.3 pts
Net margin11.2%9.7%+1.5 pts

Quarterly trend

Revenue by quarter
$1.4BOct 2023$1.4BFeb 2024*$1.2BMay 2024$1.3BAug 2024$1.5BNov 2024$1.8BFeb 2025*$1.9BMay 2025$2.0BAug 2025$2.1BNov 2025$2.2BJan 2026*$2.4BMay 2026$2.7BAug 2026
Net income by quarter
-$164MOct 2023-$393MFeb 2024*-$216MMay 2024-$193MAug 2024-$676MNov 2024$200MFeb 2025*$178MMay 2025$195MAug 2025$1.9BNov 2025$396MJan 2026*$35MMay 2026$308MAug 2026
Free cash flow by quarter
$449MOct 2023$476MFeb 2024*$233MMay 2024$258MAug 2024$461MNov 2024$444MFeb 2025*$214MMay 2025$414MAug 2025$509MNov 2025$259MJan 2026*$483MMay 2026$479MAug 2026
Margins by quarter
-67%23%112%Oct 2023Feb 2024*May 2024Aug 2024Nov 2024Feb 2025*May 2025Aug 2025Nov 2025Jan 2026*May 2026Aug 202638.9%46.6%45.5%46.2%23.0%50.5%50.3%50.4%51.6%51.7%52.1%53.1%-10.3%-2.3%-13.1%-7.9%-46.4%12.9%14.3%14.5%17.2%18.2%14.0%16.8%-11.6%-27.5%-18.6%-15.2%-44.6%11.0%9.4%9.7%91.7%17.9%1.4%11.2%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Jan 2026$8.2B$2.7B32.6%$1.4B$3.07
FY Feb 2025$5.8B-$885M-15.3%$1.4B-$1.02
FY Feb 2024$5.5B-$933M-16.9%$1.0B-$1.08
FY Jan 2023$5.9B-$164M-2.8%$1.1B-$0.19
FY Jan 2022$4.5B-$421M-9.4%$650M-$0.53

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.