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Nasdaq · Technology

Marvell Technology, Inc. (MRVL)

As-reported financials and SEC filings for Marvell Technology, Inc. The latest annual period is FY2026. The latest reported quarter is Q2 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Marvell Technology, Inc.

Marvell Technology, Inc. is a fabless semiconductor company that designs and supplies high-performance data infrastructure solutions for data centers and communications markets. Its products include custom ASICs, interconnects, ethernet solutions, fibre channel adapters, processors, and storage controllers used in cloud AI systems, networking equipment, storage systems, and carrier infrastructure. The company serves customers globally across various industries including cloud computing, enterprise networking, consumer electronics, and government applications.

Snapshot

Revenue
$8.19B
Revenue growth (YoY)
42.1%
Net income
$2.67B
Diluted EPS
$3.07
Gross margin
51.0%
Operating margin
16.1%
Net margin
32.6%
FCF margin
17.0%
ROE
18.7%
net income / fiscal-year-end equity
P/E
76.9×
trailing when available, otherwise FY EPS
Market cap
$210.10B
Long-term debt / equity
0.28×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended January 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Marvell Technology

  • Revenue grew 42.1% to $8.2B in FY2026, faster than the 4.7% the year before.
  • Operating margin turned positive at 16.1% in FY2026, from a 7.8% operating loss in FY2022.
  • Most recent quarter Q2 FY2027: revenue $2.7B, up 36.5% from Q2 FY2026.
  • Free cash flow was $1.4B in FY2026, 17.0% of revenue.
  • Net income turned positive at $2.7B in FY2026, from a $885M loss in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Marvell Technology’s fundamentals sit among the 89 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin51.0%
63rd percentile of 79
Operating margin16.1%
78th percentile of 80
Net margin32.6%
94th percentile of 81
FCF margin17.0%
71st percentile of 79
Revenue growth (YoY)+42.1%
84th percentile of 88
ROE18.7%
84th percentile of 76
P/E76.9×
79th percentile of 44
Long-term debt / equity0.28×
56th percentile of 46
Short interest1.08d
7th percentile of 89

Marvell Technology’s net margin of 32.6% ranks in the 94th percentile of the 81 semiconductor companies reporting it.

No reported insider purchases (code P) in the last 90 days; 8 insider sales totaling $12.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+7 quant / multi-strat
Initiated / added
6
3 new, 3 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$1.46B
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$746.1M2.5MAdded
AQR Capital ManagementquantQ2 2026$192.3M663.4KAdded
Renaissance TechnologiesquantQ2 2026$150.6M505.4KNew
Citadel AdvisorsquantQ2 2026$112.7M378.4KReduced
Millennium ManagementquantQ2 2026$100.1M335.9KReduced
Bridgewater AssociatesQ2 2026$54.0M181.2KReduced
Gotham Asset ManagementQ2 2026$47.3M158.7KReduced
Two Sigma InvestmentsquantQ2 2026$30.7M102.9KAdded
Soros Fund ManagementQ2 2026$16.1M54.0KNew
Point72 Asset ManagementquantQ2 2026$4.0M13.5KNew
Maverick CapitalQ2 2026$1.3M4.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
8
$12.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-16
Sandeep BharathiPresident, Data Center GroupSell3.7K$234.97$866K
2026-10-15
filed 2026-10-16
Matthew J. MurphyChairman of the Board and CEOSell7.5K$235.47$1.8M
2026-10-08
filed 2026-10-09
Justin ScarpullaSVP, Chief Accounting OfficerSell1.1K$273.59$301K
2026-10-01
Chris KoopmansPresident and COOSell10.0K$262.05$2.6M
2026-09-15
Matthew J. MurphyChairman of the Board and CEOSell7.5K$223.39$1.7M
2026-09-01
filed 2026-09-02
Chris KoopmansPresident and COOSell10.0K$203.27$2.0M
2026-08-17
Matthew J. MurphyChairman of the Board and CEOSell7.5K$236.08$1.8M
2026-08-03
Chris KoopmansPresident and COOSell10.0K$180.50$1.8M
2026-07-16
Sandeep BharathiPresident, Data Center GroupSell9.0K$199.24$1.8M
2026-07-15
filed 2026-07-16
Matthew J. MurphyChairman of the Board and CEOSell7.5K$209.52$1.6M
2026-07-01
Chris KoopmansPresident and COOSell10.0K$281.92$2.8M
2026-06-23
Daniel DurnChief Financial OfficerSell2.3K$281.01$632K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
24.6M
settled 2026-10-15
Change vs prior
+2.2%
vs previous settlement
Days to cover
1.08
at avg daily volume
Avg daily volume
22.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-10-1524.6M+2.2%1.08
2026-09-3024.1M-23.3%1.43
2026-09-1531.3M-17.9%1.70
2026-08-3138.2M+34.5%1.35
2026-08-1428.4M-20.8%1.42
2026-07-3135.8M+10.3%1.46
2026-07-1532.5M-4.7%1.22
2026-06-3034.1M-13.3%1.00

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$8.19B$5.77B$5.51B$5.92B$4.46B
Gross profit
Operating income$1.32B$-720.3M$-567.7M$238.0M$-347.7M
Pre-tax income$3.05B$-894.7M$-758.7M$85.1M$-483.5M
Net income$2.67B$-885.0M$-933.4M$-163.5M$-421.0M
Diluted EPS$3.07$-1.02$-1.08$-0.19$-0.53

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$1.75B$1.68B$1.37B$1.29B$819.3M
Capital expenditure$354.1M$284.6M$336.3M$206.2M$169.2M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2027$2.74B36.5%$308.0M$0.33
Q1 FY2027$2.42B27.6%$34.5M$0.04
Q4 FY202622.1%
Q3 FY2026$2.07B36.8%$1.90B$2.20
Q2 FY2026$2.01B57.6%$194.8M$0.22
Q1 FY2026$1.90B63.3%$177.9M$0.20
Q4 FY202527.4%
Q3 FY2025$1.52B6.9%$-676.3M$-0.78

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2026 (ended January 31, 2026)
Latest reported quarterQ2 FY2027 (ended August 1, 2026)
Oldest indexed filing2020
SEC CIK1835632

Selected SEC filings

10-K2026-03-11
View on EDGAR →
10-K2025-03-12
View on EDGAR →
10-Q2026-08-28
View on EDGAR →
10-Q2026-05-28
View on EDGAR →
10-Q2025-12-03
View on EDGAR →
10-Q2025-08-29
View on EDGAR →
8-K2026-10-23
View on EDGAR →
8-K2026-09-25
View on EDGAR →

Largest semiconductor peers

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MRVL head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.