Marvell Technology, Inc. (MRVL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Sales/Revenue | 2.42B | 2.22B | 2.07B | 2.01B | 1.9B | 1.82B | 1.52B | 1.27B | 1.16B | 1.43B | 1.42B | 1.34B | 1.32B | 1.42B | 1.54B | 1.52B | 1.45B | 1.34B | 1.21B | 1.08B |
| Revenue Growth % | 27.57% | 22.08% | 36.83% | 57.6% | 63.26% | 27.4% | 6.87% | -5.07% | -12.17% | 0.56% | -7.72% | -11.6% | -8.65% | 5.62% | 26.92% | 40.99% | 73.84% | 68.33% | 61.46% | 47.93% |
| Cost of Goods Sold | 1.16B | 1.15B | 1B | 995.5M | 942.9M | 900M | 1.17B | 685.3M | 633.1M | 762.4M | 867.4M | 819.8M | 764.5M | 745.2M | 760M | 730.9M | 696M | 656.54M | 623.4M | 704.1M |
| COGS % of Revenue | 47.85% | 51.63% | 48.43% | 49.62% | 49.75% | 49.52% | 76.95% | 53.84% | 54.54% | 53.45% | 61.14% | 61.14% | 57.84% | 52.53% | 49.44% | 48.18% | 48.1% | 48.89% | 51.47% | 65.44% |
| Gross Profit | 1.26B | 1.07B | 1.07B | 1.01B | 952.4M | 917.4M | 349.4M | 587.6M | 527.8M | 664.1M | 551.2M | 521.1M | 557.2M | 673.3M | 777.3M | 786M | 750.9M | 686.43M | 587.8M | 371.8M |
| Gross Margin % | 52.15% | 48.37% | 51.57% | 50.38% | 50.25% | 50.48% | 23.05% | 46.16% | 45.46% | 46.55% | 38.86% | 38.86% | 42.16% | 47.47% | 50.56% | 51.82% | 51.9% | 51.11% | 48.53% | 34.56% |
| Gross Profit Growth % | 32.38% | 16.97% | 206.18% | 71.99% | 80.45% | 38.14% | -36.61% | 12.76% | -5.28% | -1.37% | -29.09% | -33.7% | -25.8% | -1.91% | 32.24% | 111.4% | 79.56% | 63% | 54.25% | 3.49% |
| Operating Expenses | 910.7M | 659.2M | 712M | 720.5M | 681.8M | 682.2M | 1.05B | 688M | 680.1M | 697.4M | 697.5M | 726.8M | 739.6M | 650M | 671.5M | 746.9M | 681.1M | 651.78M | 621.2M | 638.5M |
| OpEx % of Revenue | 37.67% | 29.71% | 34.32% | 35.92% | 35.97% | 37.54% | 69.4% | 54.05% | 58.58% | 48.89% | 49.17% | 54.2% | 55.96% | 45.82% | 43.68% | 49.24% | 47.07% | 48.53% | 51.29% | 59.35% |
| Selling, General & Admin | 258.4M | 123.2M | 189.9M | 192.8M | 186.4M | 195.7M | 205.3M | 197.3M | 199.9M | 212M | 213M | 210M | 199M | 203.4M | 207.8M | 211.7M | 235.7M | 251.21M | 243.4M | 259.2M |
| SG&A % of Revenue | 10.69% | 5.55% | 9.15% | 9.61% | 9.83% | 10.77% | 13.54% | 15.5% | 17.22% | 14.86% | 15.01% | 15.66% | 15.06% | 14.34% | 13.52% | 13.96% | 16.29% | 18.71% | 20.1% | 24.09% |
| Research & Development | 652.3M | 536M | 512.5M | 519M | 507.7M | 499M | 488.6M | 486.7M | 476.1M | 459.6M | 481.1M | 474.8M | 480.7M | 443.1M | 448.1M | 449M | 444.1M | 399.27M | 371.9M | 367M |
| R&D % of Revenue | 26.98% | 24.16% | 24.7% | 25.87% | 26.79% | 27.46% | 32.23% | 38.24% | 41.01% | 32.22% | 33.91% | 35.41% | 36.37% | 31.24% | 29.15% | 29.6% | 30.69% | 29.73% | 30.71% | 34.11% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 350.1M | 413.9M | 357.8M | 290.1M | 270.6M | 235.2M | -702.8M | -100.4M | -152.3M | -33.3M | -146.3M | -205.7M | -182.4M | 23.3M | 105.8M | 39.1M | 69.8M | 34.65M | -33.4M | -266.7M |
| Operating Margin % | 14.48% | 18.66% | 17.25% | 14.46% | 14.28% | 12.94% | -46.36% | -7.89% | -13.12% | -2.33% | -10.31% | -15.34% | -13.8% | 1.64% | 6.88% | 2.58% | 4.82% | 2.58% | -2.76% | -24.79% |
| Operating Income Growth % | 29.38% | 75.98% | 150.91% | 388.94% | 277.68% | 806.31% | -380.38% | 51.19% | 16.5% | -242.92% | -238.28% | -626.09% | -361.32% | -32.76% | 416.77% | 114.66% | 184.81% | 2096.08% | -255.7% | -76.31% |
| EBITDA | 670.7M | 730.9M | 673.7M | 617.9M | 600.5M | 561.1M | -361.3M | 251.6M | 185.2M | 326.8M | 195.6M | 141.6M | 166M | 374.4M | 450.1M | 387.8M | 418M | 405.69M | 317.5M | 76.2M |
| EBITDA Margin % | 27.74% | 32.94% | 32.48% | 30.8% | 31.68% | 30.87% | -23.83% | 19.77% | 15.95% | 22.91% | 13.79% | 10.56% | 12.56% | 26.39% | 29.28% | 25.57% | 28.89% | 30.21% | 26.21% | 7.08% |
| EBITDA Growth % | 11.69% | 30.26% | 286.47% | 145.59% | 224.24% | 71.7% | -284.71% | 77.68% | 11.57% | -12.71% | -56.54% | -63.49% | -60.29% | -7.71% | 41.76% | 408.92% | 326.1% | 160.17% | 114.71% | 539.42% |
| D&A (Non-Cash Add-back) | 320.6M | 317M | 315.9M | 327.8M | 329.9M | 325.9M | 341.5M | 352M | 337.5M | 360.1M | 341.9M | 347.3M | 348.4M | 351.1M | 344.3M | 348.7M | 348.2M | 371.04M | 350.9M | 342.9M |
| EBIT | 339.4M | 413.9M | 2.27B | 290.1M | 270.6M | 244.8M | -702.8M | -97.8M | -149M | -34.7M | -134.9M | -197.8M | -179.6M | 26.1M | 110.5M | 43.6M | 75.5M | 37.04M | -32.2M | -268.2M |
| Net Interest Income | -52.8M | -50.8M | 1.86B | -56.4M | -54.7M | -35.4M | -47.7M | -45.8M | -45.5M | -49.6M | -41.2M | -52.2M | -49.9M | -46.8M | -43.7M | -39M | -35.8M | -34.77M | -35.2M | -33.6M |
| Interest Income | 0 | 0 | 1.91B | 0 | 0 | 9.6M | 0 | 2.6M | 3.3M | 3M | 11.4M | 1.6M | 2.8M | 2.5M | 1.5M | 800K | 500K | 189K | 200K | 200K |
| Interest Expense | 52.8M | 50.8M | 51.2M | 56.4M | 54.7M | 45M | 47.7M | 48.4M | 48.8M | 52.6M | 52.6M | 53.8M | 52.7M | 49.3M | 45.2M | 39.8M | 36.3M | 34.96M | 35.4M | 33.8M |
| Other Income/Expense | -266.8M | -32.3M | 1.86B | -56.4M | -54.7M | -35.4M | -47.7M | -45.8M | -45.5M | -54M | -41.2M | -45.9M | -49.9M | -46.5M | -40.5M | -35.3M | -30.6M | -32.58M | -34.2M | -35.3M |
| Pretax Income | 83.3M | 381.6M | 2.22B | 233.7M | 215.9M | 199.8M | -750.5M | -146.2M | -197.8M | -87.3M | -187.5M | -251.6M | -232.3M | -23.2M | 65.3M | 3.8M | 39.2M | 2.07M | -67.6M | -302M |
| Pretax Margin % | 3.45% | 17.2% | 106.79% | 11.65% | 11.39% | 10.99% | -49.5% | -11.49% | -17.04% | -6.12% | -13.22% | -18.76% | -17.58% | -1.64% | 4.25% | 0.25% | 2.71% | 0.15% | -5.58% | -28.07% |
| Income Tax | 48.8M | -14.5M | 314.1M | 38.9M | 38M | -400K | -74.2M | 47.1M | 17.8M | 305.4M | -23.2M | -44.1M | -63.4M | -7.8M | 52M | -500K | 204.9M | -4.09M | -5M | -25.6M |
| Effective Tax Rate % | 58.58% | -3.8% | 14.18% | 16.65% | 17.6% | -0.2% | 9.89% | -32.22% | -9% | -349.83% | 12.37% | 17.53% | 27.29% | 33.62% | 79.63% | -13.16% | 522.7% | -197.4% | 7.4% | 8.48% |
| Net Income | 34.5M | 396.1M | 1.9B | 194.8M | 177.9M | 200.2M | -676.3M | -193.3M | -215.6M | -392.7M | -164.3M | -207.5M | -168.9M | -15.4M | 13.3M | 4.3M | -165.7M | 6.17M | -62.6M | -276.4M |
| Net Margin % | 1.43% | 17.85% | 91.65% | 9.71% | 9.39% | 11.02% | -44.61% | -15.19% | -18.57% | -27.53% | -11.58% | -15.47% | -12.78% | -1.09% | 0.87% | 0.28% | -11.45% | 0.46% | -5.17% | -25.69% |
| Net Income Growth % | -80.61% | 97.85% | 381.13% | 200.78% | 182.51% | 150.98% | -311.63% | 6.84% | -27.65% | -2450% | -1335.34% | -4925.58% | -1.93% | -349.68% | 121.25% | 101.56% | -87.87% | -62.7% | -173.27% | -75.06% |
| Net Income (Continuing) | 34.5M | 396.1M | 1.9B | 194.8M | 177.9M | 200.2M | -676.3M | -193.3M | -215.6M | -392.7M | -164.3M | -207.5M | -168.9M | -15.4M | 13.3M | 4.3M | -165.7M | 6.17M | -62.6M | -276.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.04 | 0.46 | 2.19 | 0.22 | 0.20 | 0.23 | -0.78 | -0.22 | -0.25 | -0.45 | -0.19 | -0.24 | -0.20 | -0.02 | 0.02 | 0.01 | -0.20 | 0.01 | -0.08 | -0.34 |
| EPS Growth % | -80.7% | 100% | 380.77% | 200% | 180% | 151.11% | -310.53% | 8.33% | -25% | -2400% | -1325.81% | - | 0% | - | 120.53% | 101.47% | -53.85% | -70% | -120.76% | -41.67% |
| EPS (Basic) | 0.04 | 0.47 | 2.20 | 0.23 | 0.21 | 0.23 | -0.78 | -0.22 | -0.25 | -0.45 | -0.19 | -0.24 | -0.20 | -0.02 | 0.02 | 0.01 | -0.20 | 0.01 | -0.08 | -0.34 |
| Diluted Shares Outstanding | 893.3M | 856.2M | 869.9M | 870.4M | 875.6M | 865.5M | 865.7M | 865.7M | 865M | 864.7M | 862.6M | 860.9M | 856.7M | 854.1M | 858.4M | 857.9M | 848M | 862.06M | 828.6M | 821.1M |
| Basic Shares Outstanding | 882M | 848M | 861.1M | 862.6M | 864.8M | 865.5M | 865.7M | 865.7M | 865M | 864.7M | 862.6M | 860.9M | 856.7M | 854.1M | 852.6M | 850.9M | 828.5M | 844.42M | 828.6M | 821.06M |
| Dividend Payout Ratio | 155.94% | 12.83% | 2.67% | 26.54% | 29.12% | 25.92% | - | - | - | - | - | - | - | - | 384.21% | 1188.37% | - | 822.49% | - | - |