MRVL
Marvell Technology Group Ltd
NASDAQ: MRVL · TECHNOLOGY · SEMICONDUCTORS
$156.57
+2.18% today
Updated 2026-04-29
Market cap
$143.68B
P/E ratio
53.52
P/S ratio
17.53x
EPS (TTM)
$3.07
Dividend yield
0.14%
52W range
$54 – $171
Volume
24.6M
Marvell Technology Group Ltd (MRVL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.89B | $2.89B | $2.95B | $2.81B | $3.61B | $3.39B | $3.17B | $3.40B | $3.64B | $2.65B | $2.30B | $2.41B | $2.87B | $2.70B | $2.97B | $4.46B | $5.92B | $5.51B | $5.77B | $8.19B |
| Revenue growth (YoY) | — | +0.0% | +1.9% | -4.8% | +28.6% | -6.1% | -6.6% | +7.4% | +6.8% | -27.2% | -13.1% | +4.7% | +19.0% | -5.8% | +10.0% | +50.3% | +32.7% | -7.0% | +4.7% | +42.1% |
| Cost of revenue | $1.50B | $1.50B | $1.43B | $1.23B | $1.47B | $1.47B | $1.49B | $1.66B | $1.80B | $1.36B | $1.01B | $947.23M | $1.41B | $1.34B | $1.48B | $2.40B | $2.93B | $3.21B | $3.39B | $4.01B |
| Gross profit | $1.40B | $1.40B | $1.52B | $1.58B | $2.14B | $1.93B | $1.68B | $1.74B | $1.84B | $1.29B | $1.29B | $1.46B | $1.46B | $1.36B | $1.49B | $2.06B | $2.99B | $2.29B | $2.38B | $4.18B |
| Gross margin | 48.3% | 48.3% | 51.6% | 56.3% | 59.2% | 56.8% | 52.9% | 51.1% | 50.5% | 48.6% | 56.0% | 60.7% | 50.9% | 50.3% | 50.1% | 46.3% | 50.5% | 41.6% | 41.3% | 51.0% |
| R&D | $989.00M | $989.00M | $935.27M | $828.18M | $897.58M | $1.01B | $1.06B | $1.15B | $1.09B | $994.39M | $806.23M | $720.23M | $914.01M | $1.08B | $1.07B | $1.42B | $1.78B | $1.90B | $1.95B | $2.08B |
| SG&A | — | $138.64M | $108.47M | $171.36M | $104.83M | $100.62M | $108.51M | $105.42M | $124.05M | $150.17M | $181.42M | $723000.00 | $96.50M | $463.78M | $466.64M | $954.45M | $842.90M | $834.00M | $798.20M | $767.10M |
| Operating income | $-105.59M | $-105.60M | $165.18M | $334.12M | $901.19M | $604.15M | $294.66M | $280.69M | $456.38M | $24.36M | $232.04M | $502.22M | $173.72M | $-182.73M | $-258.40M | $-347.70M | $238.00M | $-567.70M | $-720.30M | $1.34B |
| Operating margin | -3.6% | -3.6% | 5.6% | 11.9% | 25.0% | 17.8% | 9.3% | 8.2% | 12.5% | 0.9% | 10.1% | 20.8% | 6.1% | -6.8% | -8.7% | -7.8% | 4.0% | -10.3% | -12.5% | 16.3% |
| EBITDA | $163.81M | $-2.42M | $454.97M | $540.86M | $1.07B | $741.96M | $438.38M | $454.89M | $605.46M | $-644.25M | $266.29M | $538.95M | $363.02M | $1.41B | $388.60M | $901.10M | $1.65B | $850.70M | $651.60M | $2.63B |
| EBITDA margin | 5.7% | -0.1% | 15.4% | 19.3% | 29.7% | 21.9% | 13.8% | 13.4% | 16.6% | -24.3% | 11.6% | 22.4% | 12.7% | 52.2% | 13.1% | 20.2% | 27.8% | 15.4% | 11.3% | 32.1% |
| EBIT | $-97.73M | $-108.22M | $188.83M | $334.12M | $901.19M | $604.15M | $294.66M | $308.13M | $480.88M | $-757.11M | $147.80M | $451.89M | $55.72M | $884.01M | $-252.90M | $-344.20M | $255.70M | $-547.00M | $-705.30M | $1.34B |
| Interest expense | — | $0.00 | $17.99M | $1.73M | $144000.00 | $14.91M | $15.53M | $1.88M | $1.17M | $706000.00 | $368000.00 | $685000.00 | $60.36M | $85.63M | $69.30M | $139.30M | $170.60M | $211.70M | $189.40M | $202.60M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-114.43M | $-114.40M | $147.24M | $353.46M | $904.13M | $615.09M | $306.58M | $315.32M | $435.35M | $-811.40M | $21.15M | $432.43M | $-179.09M | $1.58B | $-277.30M | $-421.00M | $-163.50M | $-933.40M | $-885.00M | $2.67B |
| Net income growth (YoY) | — | +0.0% | +228.7% | +140.1% | +155.8% | -32.0% | -50.2% | +2.8% | +38.1% | -286.4% | +102.6% | +1944.5% | -141.4% | +984.7% | -117.5% | -51.8% | +61.2% | -470.9% | +5.2% | +401.7% |
| Profit margin | -4.0% | -4.0% | 5.0% | 12.6% | 25.0% | 18.1% | 9.7% | 9.3% | 12.0% | -30.6% | 0.9% | 17.9% | -6.2% | 58.7% | -9.3% | -9.4% | -2.8% | -16.9% | -15.3% | 32.6% |