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Fabless·MRVL
Marvell Technology, Inc.
NASDAQ · US
Custom silicon, DSP, electro-optics, storage, and networking silicon supplier.
AI relevance
Custom ASIC and optical/networking silicon for AI clusters.
Price
$235.52
Change
-15.49 (-6.17%)
Market cap
$206.3B
52w range
$61–$330
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
MRVL market performance
Daily close for Marvell Technology, Inc.
- Latest close
- $235.5
- Range move
- +$164.3 (+230.7%)
- Range high
- $316.4
- Range low
- $62.31
- Latest volume
- 13.9M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
78 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus73 ratings
Strong buy
0
Buy
60
Hold
12
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2027-01-31 | $11.54B | $11.40B - $11.76B | $4.06 | $3.92 - $4.20 | $3.00B | $325.2M | $3.53B | $1.71B | 29 rev / 23 EPS |
| 2028-01-31 | $16.74B | $16.26B - $17.63B | $6.26 | $5.84 - $6.89 | $4.36B | $471.9M | $5.68B | $2.48B | 29 rev / 25 EPS |
| 2029-01-31 | $23.40B | $19.59B - $28.60B | $9.21 | $5.30 - $11.67 | $6.09B | $659.7M | $8.62B | $3.46B | 26 rev / 13 EPS |
| 2030-01-31 | $30.09B | $28.42B - $32.95B | $12.28 | $11.40 - $13.80 | $7.83B | $848.4M | $10.68B | $4.45B | 13 rev / 5 EPS |
| 2031-01-31 | $21.86B | $20.65B - $23.94B | $9.40 | $8.72 - $10.56 | $5.69B | $616.3M | $8.18B | $3.24B | 21 rev / 9 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-11-02 | $3.02B | $2.99B - $3.09B | $1.07 | $1.02 - $1.11 | $787.3M | $85.3M | $958.2M | $447.6M | 19 rev / 20 EPS |
| 2027-02-02 | $3.37B | $3.33B - $3.45B | $1.24 | $1.22 - $1.28 | $877.1M | $95.0M | $1.11B | $498.6M | 13 rev / 9 EPS |
| 2027-05-02 | $3.62B | $3.58B - $3.72B | $1.32 | $1.30 - $1.36 | $943.4M | $102.1M | $1.18B | $536.3M | 9 rev / 9 EPS |
| 2027-08-02 | $3.94B | $3.89B - $4.04B | $1.45 | $1.43 - $1.50 | $1.03B | $111.1M | $1.30B | $583.3M | 9 rev / 9 EPS |
| 2027-11-02 | $4.31B | $4.25B - $4.42B | $1.62 | $1.59 - $1.67 | $1.12B | $121.5M | $1.44B | $638.1M | 9 rev / 9 EPS |
| 2028-02-02 | $4.75B | $4.69B - $4.88B | $1.82 | $1.78 - $1.87 | $1.24B | $134.0M | $1.62B | $703.7M | 8 rev / 10 EPS |
| 2028-05-02 | $5.15B | $5.08B - $5.28B | $1.93 | $1.89 - $1.99 | $1.34B | $145.2M | $1.72B | $762.2M | 14 rev / 10 EPS |
| 2028-08-02 | $5.64B | $5.56B - $5.78B | $2.14 | $2.10 - $2.21 | $1.47B | $158.9M | $1.91B | $834.1M | 10 rev / 10 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 8 | $281.88 |
| Last quarter | 37 | $263.86 |
| Last year | 89 | $184.67 |
| All time | 177 | $135.54 |
Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, TipRanks Contributor, Investing, MarketWatch
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-08-21 | BMO Capital | Maintain | Outperform | Outperform |
| 2026-08-21 | Oppenheimer | Maintain | Outperform | Outperform |
| 2026-08-20 | UBS | Maintain | Buy | Buy |
| 2026-08-20 | RBC Capital | Maintain | Outperform | Outperform |
| 2026-08-18 | TD Cowen | Maintain | Hold | Hold |
| 2026-08-17 | UBS | Maintain | Buy | Buy |
| 2026-07-14 | Keybanc | Maintain | Overweight | Overweight |
| 2026-07-07 | RBC Capital | Maintain | Outperform | Outperform |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 8 | 30 | 6 | 0 | 0 |
| 2026-07-01 | 8 | 31 | 6 | 0 | 1 |
| 2026-06-01 | 8 | 31 | 6 | 0 | 1 |
| 2026-05-01 | 8 | 31 | 6 | 0 | 1 |
| 2026-04-01 | 7 | 30 | 7 | 0 | 1 |
| 2026-03-01 | 7 | 30 | 11 | 0 | 0 |
| 2026-02-01 | 7 | 26 | 12 | 0 | 0 |
| 2026-01-01 | 7 | 26 | 14 | 0 | 0 |
FinancialsFY 2026
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2026 | $8.19B | $4.18B | 51.0% | $2.08B | $1.34B | $4.54B | $2.67B | $3.10 |
| FY 2025 | $5.77B | $2.38B | 41.3% | $1.95B | -$720.3M | $651.6M | -$885.0M | $-1.02 |
| FY 2024 | $5.51B | $2.29B | 41.6% | $1.90B | -$567.7M | $850.7M | -$933.4M | $-1.08 |
| FY 2023 | $5.92B | $2.99B | 50.5% | $1.78B | $238.0M | $1.65B | -$163.5M | $-0.19 |
| FY 2022 | $4.46B | $2.06B | 46.3% | $1.42B | -$347.7M | $901.1M | -$421.0M | $-0.53 |
| FY 2021 | $2.97B | $1.49B | 50.1% | $1.07B | -$258.4M | $388.6M | -$277.3M | $-0.41 |
| FY 2020 | $2.70B | $1.36B | 50.3% | $1.08B | -$182.7M | $1.41B | $1.58B | $2.38 |
| FY 2019 | $2.87B | $1.46B | 50.9% | $914.0M | $173.7M | $363.0M | -$179.1M | $-0.30 |
| FY 2018 | $2.41B | $1.46B | 60.7% | $720.2M | $502.2M | $538.9M | $432.4M | $0.87 |
| FY 2017 | $2.30B | $1.29B | 56.0% | $806.2M | $232.0M | $266.3M | $21.2M | $0.04 |
| FY 2016 | $2.65B | $1.29B | 48.6% | $994.4M | $24.4M | -$644.3M | -$811.4M | $-1.59 |
| FY 2015 | $3.64B | $1.84B | 50.5% | $1.09B | $456.4M | $605.5M | $435.3M | $0.85 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2026 | $1.75B | $354.1M | $1.40B |
| FY 2025 | $1.68B | $284.6M | $1.39B |
| FY 2024 | $1.37B | $336.3M | $1.02B |
| FY 2023 | $1.29B | $206.2M | $1.07B |
| FY 2022 | $819.3M | $169.2M | $632.4M |
| FY 2021 | $817.3M | $106.8M | $697.8M |
| FY 2020 | $360.3M | $81.9M | $273.7M |
| FY 2019 | $596.7M | $75.9M | $509.3M |
| FY 2018 | $571.1M | $38.6M | $526.0M |
| FY 2017 | -$358.4M | $44.5M | -$413.3M |
| FY 2016 | $205.4M | $47.5M | $149.6M |
| FY 2015 | $728.9M | $63.0M | $649.5M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $2.64B | $2.19B | $1.39B | $1.22B | $22.29B | $4.79B | $2.15B | $7.98B | $14.31B |
| FY 2025 | $948.3M | $1.03B | $1.03B | $1.04B | $20.20B | $4.34B | $3.39B | $6.78B | $13.43B |
| FY 2024 | $950.8M | $1.12B | $864.4M | $959.6M | $21.23B | $4.40B | $3.45B | $6.40B | $14.83B |
| FY 2023 | $911.0M | $1.19B | $1.07B | $788.7M | $22.52B | $4.74B | $3.83B | $6.88B | $15.64B |
| FY 2022 | $613.5M | $1.05B | $720.3M | $604.8M | $22.11B | $4.73B | $4.11B | $6.41B | $15.70B |
| FY 2021 | $748.5M | $536.7M | $268.2M | $427.5M | $10.76B | $1.33B | $581.2M | $2.33B | $8.44B |
| FY 2020 | $647.6M | $492.3M | $323.0M | $468.0M | $11.13B | $1.58B | $935.9M | $2.45B | $8.68B |
| FY 2019 | $582.4M | $493.1M | $276.0M | $319.0M | $10.02B | $1.73B | $1.15B | $2.71B | $7.31B |
| FY 2018 | $1.84B | $280.4M | $170.0M | $202.2M | $4.71B | $0 | -$888.5M | $566.9M | $4.14B |
| FY 2017 | $1.67B | $335.4M | $170.8M | $243.4M | $4.65B | $0 | -$814.1M | $621.0M | $4.03B |
| FY 2016 | $2.28B | $323.3M | $201.0M | $296.8M | $5.44B | $0 | -$1.28B | $1.30B | $4.14B |
| FY 2015 | $2.53B | $421.0M | $308.2M | $340.6M | $5.88B | $0 | -$1.21B | $738.3M | $5.15B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | 51.0% | 16.3% | 32.6% | 2.0x | 1.6x | 18.7% | 6.0% | 8.6x | 15.4x | 2.1% | 25.3% | 126d |
| FY 2025 | 41.3% | -12.5% | -15.3% | 1.5x | 1.0x | -6.6% | -3.9% | 17.5x | 155.1x | 1.4% | 33.8% | 109d |
| FY 2024 | 41.6% | -10.3% | -16.9% | 1.7x | 1.2x | -6.3% | -2.9% | 11.2x | 72.6x | 1.7% | 34.4% | 126d |
| FY 2023 | 50.5% | 4.0% | -2.8% | 1.4x | 0.9x | -1.0% | -2.2% | 6.9x | 24.6x | 2.9% | 30.1% | 149d |
| FY 2022 | 46.3% | -7.8% | -9.4% | 1.8x | 1.3x | -2.7% | -1.5% | 13.7x | 67.7x | 1.1% | 31.9% | 125d |
| FY 2021 | 50.1% | -8.7% | -9.3% | 1.5x | 1.3x | -3.3% | -2.2% | 12.1x | 92.5x | 2.0% | 36.1% | 70d |
| FY 2020 | 50.3% | -6.8% | 58.7% | 2.2x | 1.7x | 18.3% | -1.7% | 6.3x | 12.0x | 1.7% | 40.0% | 96d |
| FY 2019 | 50.9% | 6.1% | -6.2% | 2.2x | 1.8x | -2.5% | 1.9% | 4.2x | 33.3x | 4.6% | 31.9% | 86d |
| FY 2018 | 60.7% | 20.8% | 17.9% | 5.6x | 5.2x | 10.4% | 11.2% | 4.5x | 19.9x | 4.5% | 29.9% | 52d |
| FY 2017 | 56.0% | 10.1% | 0.9% | 4.6x | 4.3x | 0.5% | 2.8% | 2.9x | 25.4x | -5.5% | 35.0% | 63d |
| FY 2016 | 48.6% | 0.9% | -30.6% | 2.4x | 2.2x | -19.6% | 0.6% | 1.2x | -5.1x | 3.3% | 37.5% | 50d |
| FY 2015 | 50.5% | 12.5% | 12.0% | 5.2x | 4.8x | 8.5% | 8.7% | 1.8x | 11.1x | 8.2% | 30.0% | 47d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | +42.1% | +75.5% | +6.4% | +285.8% | +401.7% | +403.9% | +0.5% | -21.4% | +178.3% | +34.8% | +10.3% | +10.3% |
| FY 2025 | +4.7% | +3.9% | +2.9% | -26.9% | +5.2% | +5.6% | +36.2% | +16.7% | -0.3% | +19.1% | -4.8% | -1.3% |
| FY 2024 | -7.0% | -23.2% | +6.3% | -338.5% | -470.9% | -468.4% | -4.8% | -61.2% | +4.4% | -19.1% | -5.7% | -7.1% |
| FY 2023 | +32.7% | +44.7% | +25.3% | +168.4% | +61.2% | +64.2% | +69.4% | -16.3% | +48.5% | +48.3% | +1.9% | +0.2% |
| FY 2022 | +50.3% | +38.7% | +32.8% | -34.6% | -51.8% | -29.3% | -9.4% | -56.4% | -18.0% | +168.5% | +105.4% | +255.5% |
| FY 2021 | +10.0% | +9.7% | -0.7% | -41.4% | -117.5% | -117.2% | +155.0% | -37.9% | +15.6% | -17.0% | -3.3% | -16.0% |
| FY 2020 | -5.8% | -7.0% | +18.2% | -205.2% | +984.7% | +893.3% | -46.3% | +0.9% | +11.2% | +17.0% | +11.1% | -8.6% |
| FY 2019 | +19.0% | -0.2% | +26.9% | -65.4% | -141.4% | -134.5% | -3.2% | -93.8% | -68.4% | +62.3% | +112.7% | 0.0% |
| FY 2018 | +4.7% | +13.4% | -10.7% | +116.4% | +1944.5% | +2075.0% | +227.3% | +17.7% | +10.4% | -0.5% | +1.3% | 0.0% |
| FY 2017 | -13.1% | +0.1% | -18.9% | +852.5% | +102.6% | +102.5% | -376.2% | +1.6% | -26.9% | -15.0% | -14.6% | 0.0% |
| FY 2016 | -27.2% | -29.9% | -8.9% | -94.7% | -286.4% | -287.1% | -77.0% | +29.9% | -9.8% | -34.8% | -7.5% | 0.0% |
| FY 2015 | +6.8% | +5.6% | -5.4% | +62.6% | +38.1% | +32.8% | +78.5% | +5.7% | +28.4% | -11.4% | +8.0% | 0.0% |
SegmentsFY 2026
Revenue Mix
Latest product mixFY 2026 · $6.10B
Data Center$6.10B · 100.0%
Latest geography mixFY 2026 · $8.19B
CHINA$2.97B · 36.2%
Other Countries$2.39B · 29.2%
TAIWAN$1.66B · 20.2%
UNITED STATES$1.17B · 14.3%
Product revenue annual
| Period | Total | Data Center | Enterprise Networking | Carrier Infrastructure | Consumer | Information Storage | Automotive And Industrial | Mobile and Wireless | Networking | Other products |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $6.10B | $6.10B | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2025 | $5.77B | $4.16B | $626.4M | $338.2M | $316.1M | -- | $322.4M | -- | -- | -- |
| FY 2024 | $5.51B | $2.22B | $1.23B | $1.05B | $622.4M | -- | $388.3M | -- | -- | -- |
| FY 2023 | $5.92B | $2.41B | $1.37B | $1.08B | $701.1M | -- | $356.5M | -- | -- | -- |
| FY 2022 | $4.46B | $1.78B | $907.7M | $820.4M | $700.0M | -- | $249.6M | -- | -- | -- |
| FY 2015 | $3.71B | -- | -- | -- | -- | $1.74B | -- | $1.07B | $674.7M | $215.8M |
Geography revenue annual
| Period | Total | CHINA | Other Countries | UNITED STATES | TAIWAN | THAILAND | MALAYSIA | SINGAPORE | JAPAN | PHILIPPINES | FINLAND |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $8.19B | $2.97B | $2.39B | $1.17B | $1.66B | -- | -- | -- | -- | -- | -- |
| FY 2025 | $5.77B | $2.51B | $563.3M | $956.9M | $560.7M | $304.4M | $143.1M | $452.2M | $166.2M | -- | $112.9M |
| FY 2024 | $5.51B | $2.37B | $667.1M | $795.6M | $161.9M | $329.2M | $222.6M | $336.2M | $169.1M | $74.6M | $380.4M |
| FY 2023 | $5.92B | $2.49B | $716.3M | $690.1M | $289.0M | $391.9M | $393.2M | $331.7M | $260.0M | $171.5M | $189.6M |
| FY 2022 | $4.46B | $1.97B | $719.5M | $484.0M | -- | $355.3M | $276.0M | $220.8M | $222.8M | $213.4M | -- |
| FY 2015 | $3.71B | $2.21B | $502.8M | $62.3M | -- | $294.7M | $377.9M | -- | -- | $254.4M | -- |
Transcripts78 on file
Transcripts
Events
Events
Next earnings
2026-08-27EPS est $0.93
Latest news
- Marvell stock forecast: valuation concerns persist ahead of earnings
Invezz · 2026-08-21
- Marvell's $12.2 Billion Google Deal Changes the Bull Case for MRVL Stock
24/7 Wall Street · 2026-08-21