Marvell Technology, Inc.
Financial Performance
Marvell Revenue & Financials
Revenue
$8.2B (FY2026)
Market Cap
$225.7B
Net Income
$2.7B
Employees
7,400
What is Marvell's revenue?
Marvell had $8.2B in revenue for fiscal year 2026, up 42.1% from 2025. Net income was $2.7B.
- Latest revenue
- $8.2B (FY2026)
- Year-over-year
- +42.1%
- Growth rate (CAGR)
- 20.3% over 6 years
- Peak revenue
- $8.2B (FY2026)
- Years of data
- 7
- Employees
- 7,400
Financial Analysis
Marvell's revenue was $2.70 billion in fiscal 2020 and $5.77 billion in fiscal 2025, then jumped 42% to $8.195 billion in fiscal 2026 as AI data-center demand ramped. GAAP results were losses from fiscal 2021 through fiscal 2025, mainly due to amortization from the Inphi and Cavium deals and restructuring charges. Fiscal 2026 GAAP net income was $2.67 billion, helped by a pre-tax gain of about $1.8 billion on the $2.5 billion sale of the automotive Ethernet unit to Infineon. In Q2 fiscal 2027 (quarter ended August 1, 2026) revenue was $2.739 billion, GAAP net income $308.0 million ($0.33 per share), non-GAAP EPS $0.94 and operating cash flow $605.5 million. Marvell guided Q3 fiscal 2027 revenue to $3.15 billion, plus or minus 5%. Marvell Technology, Inc. is a major American fabless semiconductor company heavily focused on data center infrastructure, commanding a market valuation typically exceeding $65 billion.
Revenue Trend Analysis
YoY Change
+42.1%
6-Year CAGR
+20.3%
Peak Year
2026
Trend
Consistent Growth
Marvell Technology, Inc. has 7 full fiscal year figures on this page, compounding at +20.3% annually over 6 years. The most recent year saw a 42.1% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $8.2B. Of 6 comparable year-over-year steps, 5 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Marvell Technology, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jan 31, 2026 | $1.8B | $354.1M | $22.3B | $8B | $14.3B | $1.4B | Form 10-K |
| FY2025ended Feb 1, 2025 | $1.7B | $284.6M | $20.2B | $6.8B | $13.4B | $1.4B | Form 10-K |
| FY2024ended Feb 3, 2024 | $1.4B | $336.3M | $21.2B | $6.4B | $14.8B | $1B | Form 10-K |
| FY2023ended Jan 28, 2023 | $1.3B | $206.2M | $22.5B | $6.9B | $15.6B | $1.1B | Form 10-K |
| FY2022ended Jan 29, 2022 | $819.3M | $169.2M | $22.1B | $6.4B | $15.7B | $650.1M | Form 10-K |
| FY2021ended Jan 30, 2021 | $817.3M | $106.8M | $10.8B | $2.3B | $8.4B | $710.5M | Form 10-K |
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Marvell Revenue and Financial FAQ
What is Marvell Technology's annual revenue and historical growth rate?
Marvell reported revenue of $8.195 billion for fiscal 2026 (ended January 31, 2026), up 42% from $5.767 billion. Q2 fiscal 2027 revenue was a record $2.739 billion, up 37% year over year.
What is Marvell's market capitalization on the NASDAQ exchange?
Marvell's market capitalization was about $226 billion on September 21, 2026, according to StockAnalysis, after the stock more than tripled over the prior year.
What are Marvell's gross margins?
In Q2 fiscal 2027 Marvell reported a 53.1% GAAP gross margin and 58.9% non-GAAP gross margin. It guided Q3 non-GAAP gross margin to 57.5%-58.5%.
What is Marvell's R&D expenditure and capital reinvestment rate?
Marvell spends heavily on R&D, mostly on custom silicon, SerDes, optics and advanced-node design. Exact figures are reported in its Form 10-K.
What is Marvell's dividend and share repurchase program?
Marvell maintains a regular quarterly cash dividend of $0.06 per share ($0.24 annualized) and actively returns excess free cash flow to shareholders through board-authorized common share buyback programs.
What is Marvell's balance sheet debt structure and leverage ratio?
Marvell holds investment-grade senior notes, much of the debt dating to the Inphi acquisition. In March 2026 it also issued Series A convertible preferred stock to Nvidia for $2 billion.
How does the AI Data Center segment contribute to Marvell's total revenue?
Data Center was $6.10 billion, or 74%, of fiscal 2026 revenue and about $2.17 billion, or 79%, of Q2 fiscal 2027 revenue, up 46% year over year.
What is Marvell's operating cash flow?
Marvell generated $605.5 million of operating cash flow in Q2 fiscal 2027.
Is Marvell financially successful?
Yes, they are experiencing a massive financial super-cycle driven by Artificial Intelligence. While Nvidia makes the actual massive AI brains (GPUs), those GPUs are completely useless if they cannot talk to each other fast enough. Marvell holds a near-monopoly on highly complex "electro-optic" networking chips that use lasers to transfer data between Nvidia servers. This critical "plumbing" of the AI revolution generates billions in high-margin revenue.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Marvell Revenue & Financials." CorpDigest, https://corpdigest.com/company/marvell/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Marvell reported $8.2B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/marvell/financials" target="_blank" rel="noopener">CorpDigest — Marvell financials</a></div>Related Financial Audits
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