Marvell Technology (MRVL) financials
Marvell Technology revenue and earnings by year
Marvell Technology's revenue was $8.19 billion in the fiscal year to January 31, 2026, up 42.1% from the year before. Net income was $2.67 billion, 32.6% of revenue. Since the fiscal year to January 28, 2017, revenue has grown 15.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jan 2026 | Feb 2025 | Feb 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.19 | 5.77 | 5.51 | 5.92 | 4.46 | 2.97 | 2.70 | 2.87 | 2.41 | 2.30 |
| Revenue growth | 42.1% | 4.7% | -7.0% | 32.7% | 50.3% | 10.0% | -5.8% | 19.0% | 4.7% | — |
| Gross profit | 4.18 | 2.38 | 2.29 | 2.99 | 2.06 | 1.49 | 1.36 | 1.46 | 1.46 | 1.28 |
| Gross margin | 51.0% | 41.3% | 41.6% | 50.5% | 46.3% | 50.1% | 50.3% | 50.9% | 60.7% | 55.8% |
| Operating income | 1.32 | -0.72 | -0.57 | 0.24 | -0.35 | -0.26 | -0.24 | 0.04 | 0.43 | 0.13 |
| Operating margin | 16.1% | -12.5% | -10.3% | 4.0% | -7.8% | -8.7% | -9.0% | 1.5% | 17.8% | 5.7% |
| Net income | 2.67 | -0.89 | -0.93 | -0.16 | -0.42 | -0.28 | 1.58 | -0.18 | 0.52 | 0.02 |
| Net margin | 32.6% | -15.3% | -16.9% | -2.8% | -9.4% | -9.3% | 58.7% | -6.2% | 21.6% | 0.9% |
| Diluted EPS | $3.07 | -$1.02 | -$1.08 | -$0.19 | -$0.53 | -$0.41 | $2.34 | -$0.30 | $1.02 | $0.04 |
| Free cash flow | 1.42 | 1.39 | 1.02 | 1.07 | 0.63 | 0.70 | 0.27 | 0.55 | 0.54 | -0.41 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MRVL in Markets.
How Marvell Technology makes money
Revenue by segment in the quarter to August 1, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Data Center | $2.17B | 79.3% |
| Communications & Other | $568M | 20.7% |
See also: MRVL valuation and P/E history · MRVL returns
No forecast, no recommendation. This page describes Marvell Technology from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.