Marvell Technology Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.19B | $5.77B | $5.51B | $5.92B | $4.46B | $2.97B | $2.71B | $2.86B |
| Networking | — | — | $3.30B | $3.30B | $2.40B | $2.97B | $2.71B | $2.86B |
| Storage | — | — | $1.20B | $1.60B | $1.40B | $0 | $0 | $0 |
| Compute | — | — | $600.0M | $500.0M | $400.0M | $0 | $0 | $0 |
| Consumer | — | — | $100.0M | $200.0M | $300.0M | $0 | $0 | $0 |
| Automotive/Industrial | — | — | $400.0M | $400.0M | $300.0M | $0 | $0 | $0 |
| Cost of Revenue | $4.01B | $3.39B | $3.21B | $2.93B | $2.40B | $1.48B | $1.34B | — |
| Gross Profit | $4.18B | $2.38B | $2.29B | $2.99B | $2.06B | $1.49B | $1.36B | — |
| Gross Margin | 51.0% | 41.3% | 41.6% | 50.5% | 46.3% | 50.1% | 50.1% | — |
| Operating Expenses | ||||||||
| Research & Development | $2.08B | $1.95B | $1.90B | $1.78B | $1.42B | $1.07B | $1.08B | — |
| SG&A Expense | $767.1M | $798.2M | $834.0M | $843.6M | $955.3M | — | — | — |
| Operating Income | $1.32B | $-720.3M | $-567.7M | $238.0M | $-347.7M | $-258.4M | $-243.4M | — |
| Operating Margin | 16.1% | -12.5% | -10.3% | 4.0% | -7.8% | -8.7% | -9.0% | — |
| Interest Expense | $187.3M | $183.0M | $211.7M | $170.6M | $139.3M | $69.3M | $85.6M | — |
| Pretax Income | $3.05B | $-894.7M | $-758.7M | $85.1M | $-483.5M | $-322.2M | $798.4M | — |
| Income Tax Expense | $376.5M | $-9.7M | $174.7M | $248.6M | $-62.5M | $-44.9M | $-786.0M | — |
| Net Income | $2.67B | $-885.0M | $-933.4M | $-163.5M | $-421.0M | $-277.3M | $1.58B | — |
| Net Margin | 32.6% | -15.3% | -16.9% | -2.8% | -9.4% | -9.3% | 58.5% | — |
| EPS (Basic) | $3.10 | $-1.02 | $-1.08 | $-0.19 | $-0.53 | $-0.41 | $2.38 | — |
| EPS (Diluted) | $3.07 | $-1.02 | $-1.08 | $-0.19 | $-0.53 | $-0.41 | $2.34 | — |
| Shares Outstanding (Basic) | 861.0M | 865.5M | 861.3M | 851.4M | 796.9M | 668.8M | 664.7M | — |
| Shares Outstanding (Diluted) | 869.7M | 865.5M | 861.3M | 851.4M | 796.9M | 668.8M | 676.1M | — |
| Dividends Per Share | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | — |