Marvell Technology, Inc. (MRVL) - Quarterly Income Statement

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MRVL
Financials

111.9 (USD) • At close December 20, 2024

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2012 Q4	2012 Q3	2012 Q2	2012 Q1	2011 Q4	2011 Q3	2011 Q2	2011 Q1	2010 Q4	2010 Q3	2010 Q2	2010 Q1	2009 Q4	2009 Q3	2009 Q2	2009 Q1	2008 Q4	2008 Q3	2008 Q2	2008 Q1	2007 Q4	2007 Q3	2007 Q2	2007 Q1	2006 Q4	2006 Q3	2006 Q2	2006 Q1	2005 Q4	2005 Q3	2005 Q2	2005 Q1	2004 Q4	2004 Q3	2004 Q2	2004 Q1	2003 Q4	2003 Q3	2003 Q2	2003 Q1	2002 Q4	2002 Q3	2002 Q2	2002 Q1	2001 Q4	2001 Q3	2001 Q2	2001 Q1
Revenue Numbers are in millions	1,516.1	1,272.9	1,160.9	1,426.5	1,418.6	1,340.9	1,321.7	1,418.5	1,537.3	1,516.9	1,446.9	1,342.978	1,211.245	1,075.881	832.279	797.819	750.143	727.297	693.641	717.671	662.47	656.568	662.452	744.799	851.051	665.31	604.631	615.409	616.302	604.75	579.18	571.4	654.422	626.404	540.822	616.158	674.056	711.326	724.288	857.452	930.136	961.545	957.83	931.749	931.226	807.056	734.369	775.294	780.881	816.104	796.351	742.701	950.417	897.52	802.402	900.513	959.327	896.474	855.579	842.535	803.098	640.62	521.434	512.867	791.046	842.575	804.075	844.686	758.246	656.711	635.05	621.974	520.398	573.985	521.196	489.016	426.026	390.454	364.77	340.266	317.583	297.154	269.577	243.294	215.331	192.854	168.283	150.847	135.944	119.694	98.8	82.816	73.1	68.649	64.23	45.843	36.212	32.175	29.664
Cost of Revenue Numbers are in millions	1,166.7	685.3	633.1	762.4	867.4	819.8	764.5	745.2	760	730.9	696	656.544	623.425	704.051	414.138	376.687	369.083	368.041	366.739	412.927	322.403	305.866	301.024	422.797	467.464	288.2	228.938	241.927	238.533	239.572	230.549	243.883	286.063	287.608	259.21	302.61	382.386	748.346	351.153	417.131	454.974	477.741	493.86	467.752	464.981	386.059	335.438	370.833	374.503	381.839	366.322	341.113	412.1	378.117	334.475	371.799	390.808	366.682	343.985	339.79	341.617	288.059	257.63	252.732	379.137	405.913	388.842	438.64	396.209	335.53	327.417	324.843	256.09	279.075	240.664	220.666	197.077	183.646	175.244	162.756	150.26	140.905	127.836	116.312	100.837	88.944	76.113	70.301	62.925	56.033	43.78	35.736	33.491	31.419	30.161	21.788	16.999	15.08	13.18
Gross Profit Numbers are in millions	349.4	587.6	527.8	664.1	551.2	521.1	557.2	673.3	777.3	786	750.9	686.434	587.82	371.83	418.141	421.132	381.06	359.256	326.902	304.744	340.067	350.702	361.428	322.002	383.587	377.11	375.693	373.482	377.769	365.178	348.631	327.517	368.359	338.796	281.612	313.548	291.67	-37.02	373.135	440.321	475.162	483.804	463.97	463.997	466.245	420.997	398.931	404.461	406.378	434.265	430.029	401.588	538.317	519.403	467.927	528.714	568.519	529.792	511.594	502.745	461.481	352.561	263.804	260.135	411.909	436.662	415.233	406.046	362.037	321.181	307.633	297.131	264.308	294.91	280.532	268.35	228.949	206.808	189.526	177.51	167.323	156.249	141.741	126.982	114.494	103.91	92.17	80.546	73.019	63.661	55.02	47.08	39.609	37.23	34.069	24.055	19.213	17.095	16.484
Gross Profit Ratio Numbers are in millions	0.23	0.462	0.455	0.466	0.389	0.389	0.422	0.475	0.506	0.518	0.519	0.511	0.485	0.346	0.502	0.528	0.508	0.494	0.471	0.425	0.513	0.534	0.546	0.432	0.451	0.567	0.621	0.607	0.613	0.604	0.602	0.573	0.563	0.541	0.521	0.509	0.433	-0.052	0.515	0.514	0.511	0.503	0.484	0.498	0.501	0.522	0.543	0.522	0.52	0.532	0.54	0.541	0.566	0.579	0.583	0.587	0.593	0.591	0.598	0.597	0.575	0.55	0.506	0.507	0.521	0.518	0.516	0.481	0.477	0.489	0.484	0.478	0.508	0.514	0.538	0.549	0.537	0.53	0.52	0.522	0.527	0.526	0.526	0.522	0.532	0.539	0.548	0.534	0.537	0.532	0.557	0.568	0.542	0.542	0.53	0.525	0.531	0.531	0.556
Reseach & Development Expenses Numbers are in millions	488.6	486.7	476.1	459.6	481.1	474.8	480.7	443.1	448.1	449	444.1	399.269	371.894	367.043	286.1	260.38	255.637	277.139	279.584	279.389	267.781	266.354	266.867	256.102	264.888	216.285	176.734	180	165.477	180.871	193.027	228.669	223.519	228.562	241.271	239.703	284.309	296.16	280.114	285.497	288.435	294.764	295.363	288.9	296.291	292.642	279.052	273.685	263.615	264.175	255.97	255.282	266.255	249.604	242.537	231.836	218.42	228.211	219.111	213.024	212.873	192.664	200.249	207.579	234.222	249.714	238.475	266.464	252.205	236.194	234.133	223.399	152.939	152.645	124.831	88.747	77.689	73.164	71.898	69.575	66.378	64.036	63.272	59.702	55.147	52.252	46.639	42.697	38.817	33.599	30.609	27.441	24.072	21.843	20.066	11.786	9.436	7.812	6.118
General & Administrative Expenses Numbers are in millions	0	0	0	0	0	0	0	202.7	0	0	0	250.412	0	0	0	116.318	0	0	0	120.792	0	0	0	0	0	0	0	0	0	0	0	80.347	29.012	37.173	35.623	37.812	34.731	33.982	41.027	34.651	33.473	31.333	30.573	26.367	26.589	27.192	26.323	32.577	24.514	25.718	25.705	23.184	29.021	23.631	24.784	26.706	29.576	25.44	23.108	22.506	16.66	28.562	101.496	0	0	0	12.951	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling & Marketing Expenses Numbers are in millions	0	0	0	0	0	0	0	0.7	0	0	0	0.8	0	0	0	0.6	0	0	0	0.8	0	0	0	106.168	112.178	133.701	72.313	68.291	59.112	55.659	55.211	29.154	30.576	31.094	31.379	31.301	32.481	30.841	36.174	37.235	34.41	33.949	38.358	36.665	37.496	38.548	39.989	42.319	38.398	41.034	40.066	40.392	40.5	40.39	38.152	40.444	39.751	36.863	38.423	37.144	35.442	32.384	32.646	0	0	0	46.088	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A Numbers are in millions	205.3	197.3	199.9	212	213	210	199	203.4	207.8	211.7	235.7	251.212	243.406	259.161	201.466	116.918	115.501	112.794	122.027	121.592	118.993	113.99	110.005	106.168	112.178	133.701	72.313	68.291	59.112	55.659	55.211	109.501	59.588	68.267	67.002	69.113	67.212	64.823	77.201	71.886	67.883	65.282	68.931	63.032	64.085	65.74	66.312	74.896	62.912	66.752	65.771	63.576	69.521	64.021	62.936	67.15	69.327	62.303	61.531	59.65	52.102	60.946	134.142	63.872	70.027	72.823	59.039	108.844	78.96	87.717	74.38	95.579	78.302	58.956	54.991	36.214	30.663	29.615	27.727	26.995	28.711	27.546	25.538	22.019	21.158	19.134	19.043	16.416	15.88	15.844	14.654	13.685	13.309	13.837	12.53	8.213	7.048	7.022	5.588
Other Expenses Numbers are in millions	358.3	0	0	-4.4	9.7	6.3	0.3	0.3	0	3.7	5.2	2.196	0.999	-1.654	1.223	-0.727	0.299	-0.44	3.754	1,124.179	0.689	-2.197	-0.116	4.377	-2.628	-2.701	2.853	0	0	0	-0.063	1.155	2.299	289.74	2.461	2.462	3.15	2.568	2.568	0	458.278	3.304	6.689	11.956	10.645	10.638	10.686	12.268	13.054	13.023	14.355	12.723	11.155	11.138	14.341	14.005	21.77	21.214	22.549	24.282	26.45	26.446	30.356	48.274	34.814	34.988	35.247	43.81	37.311	37.293	37.32	37.826	27.405	27.405	17.351	32.783	20.211	20.27	20.63	20.239	23.009	31.031	34.646	21.478	23.169	20.58	20.106	44.506	25.273	23.515	41.404	107.271	108.559	108.603	108.621	9.663	2.143	2.223	2.261
Operating Expenses Numbers are in millions	1,052.2	684	676	671.6	694.1	684.8	679.7	646.5	655.9	660.7	679.8	650.481	615.3	626.204	487.566	377.298	371.138	389.933	401.611	400.981	386.774	380.344	376.872	362.27	377.066	349.986	249.047	248.291	224.589	236.53	248.238	339.65	285.406	299.29	310.734	311.278	354.369	363.551	359.883	360.483	359.622	363.35	370.983	363.888	371.021	369.02	356.05	360.849	339.581	343.95	336.096	331.581	346.931	324.763	319.814	312.991	309.517	311.728	303.191	296.956	291.425	280.056	364.747	319.725	339.063	357.525	332.761	419.118	368.476	361.204	345.833	356.804	258.646	239.006	197.173	157.744	128.563	123.049	120.255	116.809	118.098	122.613	123.456	103.199	99.474	91.966	85.788	103.619	79.97	72.958	86.667	148.397	145.94	144.283	141.217	29.662	18.627	17.057	13.967
Operating Income Numbers are in millions	-702.8	-96.4	-148.2	-7.5	-146.3	-205.7	-119.7	23.3	105.8	125.3	69.8	34.652	-33.341	-266.668	-82.311	-1.736	-9.39	-151.267	-95.996	-114.495	-61.509	-46.228	-21.126	-53.008	-20.51	-8.291	125.079	54.011	149.896	124.363	98.888	-12.133	82.953	39.506	-29.122	2.27	-62.699	-400.571	13.252	79.838	115.54	120.454	92.987	100.109	95.224	51.977	42.881	43.612	66.797	90.315	93.933	70.007	191.386	194.64	148.113	215.723	259.002	218.064	208.403	205.789	170.056	67.549	-109.279	-69.279	72.846	79.137	82.472	-20.928	-6.439	-40.023	-38.2	-137.473	5.662	55.904	83.359	106.306	100.386	83.759	69.271	60.701	49.225	33.636	18.285	23.783	15.02	11.944	6.382	-23.073	-6.951	-9.297	-31.647	-101.317	-106.331	-107.053	-107.148	-240.481	0.586	0.038	2.517
Operating Income Ratio Numbers are in millions	-0.464	-0.076	-0.128	-0.005	-0.103	-0.153	-0.091	0.016	0.069	0.083	0.048	0.026	-0.028	-0.248	-0.099	-0.002	-0.013	-0.208	-0.138	-0.16	-0.093	-0.07	-0.032	-0.071	-0.024	-0.012	0.207	0.088	0.243	0.206	0.171	-0.021	0.127	0.063	-0.054	0.004	-0.093	-0.563	0.018	0.093	0.124	0.125	0.097	0.107	0.102	0.064	0.058	0.056	0.086	0.111	0.118	0.094	0.201	0.217	0.185	0.24	0.27	0.243	0.244	0.244	0.212	0.105	-0.21	-0.135	0.092	0.094	0.103	-0.025	-0.008	-0.061	-0.06	-0.221	0.011	0.097	0.16	0.217	0.236	0.215	0.19	0.178	0.155	0.113	0.068	0.098	0.07	0.062	0.038	-0.153	-0.051	-0.078	-0.32	-1.223	-1.455	-1.559	-1.668	-5.246	0.016	0.001	0.085
Total Other Income Expenses Net Numbers are in millions	-47.7	-49.8	-49.6	-79.8	-41.2	-45.9	-109.8	-46.5	-40.5	-121.5	-30.6	-32.578	-34.235	-35.318	-46.582	-21.104	-15.159	-136.088	-12.018	1,102.902	-19.46	-38.237	-20.051	-29.08	-50.983	-14.921	5.729	4.788	6.2	7.188	0.796	22.57	-5.967	5.563	7.387	1.084	-40.911	-739.777	4.575	-46.588	3.562	11.528	-6.549	13.899	1.536	8.253	3.16	6.225	2.387	5.864	1.057	5.338	7.729	2.064	-0.218	10.475	-1.665	4.212	-3.752	10.249	-1.373	0.279	-0.16	-0.44	11.543	-0.754	-3.959	18.864	-6.048	-6.814	-8.656	-2.003	6.845	1.091	7.616	6.129	5.244	4.384	3.612	2.599	1.77	1.616	1.672	1.617	1.726	1.569	1.311	1.603	1.67	1.906	2.139	2.751	1.817	2.459	2.967	1.714	1.811	0.794	0.24
Income Before Tax Numbers are in millions	-750.5	-146.2	-197.8	-87.3	-187.5	-251.6	-232.3	-23.2	65.3	3.8	39.2	2.074	-67.576	-301.986	-116.007	-22.84	-24.549	-166.765	-108.014	988.407	-80.969	-67.879	-41.177	-69.348	-44.462	-23.212	132.375	58.799	156.096	131.551	102.221	-8.353	88.423	45.79	-27.634	3.354	-58.054	-393.781	18.419	84.22	120.304	132.717	94.912	112.726	96.76	60.23	46.041	49.837	69.184	96.179	94.99	75.345	199.115	196.704	147.895	226.198	257.337	222.276	204.651	216.038	168.683	67.828	-109.439	-69.719	84.389	76.447	78.513	-2.064	-12.487	-46.837	-46.856	-139.476	12.507	56.995	90.975	112.435	105.63	88.143	72.883	63.3	50.995	35.252	19.957	25.4	16.746	13.513	7.693	-21.47	-5.281	-7.391	-29.508	-98.566	-104.514	-104.594	-104.181	-238.767	2.397	0.832	2.757
Income Before Tax Ratio Numbers are in millions	-0.495	-0.115	-0.17	-0.061	-0.132	-0.188	-0.176	-0.016	0.042	0.003	0.027	0.002	-0.056	-0.281	-0.139	-0.029	-0.033	-0.229	-0.156	1.377	-0.122	-0.103	-0.062	-0.093	-0.052	-0.035	0.219	0.096	0.253	0.218	0.176	-0.015	0.135	0.073	-0.051	0.005	-0.086	-0.554	0.025	0.098	0.129	0.138	0.099	0.121	0.104	0.075	0.063	0.064	0.089	0.118	0.119	0.101	0.21	0.219	0.184	0.251	0.268	0.248	0.239	0.256	0.21	0.106	-0.21	-0.136	0.107	0.091	0.098	-0.002	-0.016	-0.071	-0.074	-0.224	0.024	0.099	0.175	0.23	0.248	0.226	0.2	0.186	0.161	0.119	0.074	0.104	0.078	0.07	0.046	-0.142	-0.039	-0.062	-0.299	-1.19	-1.43	-1.524	-1.622	-5.208	0.066	0.026	0.093
Income Tax Expense Numbers are in millions	-74.2	47.1	17.8	305.4	-23.2	-44.1	-63.4	-7.8	52	-0.5	204.9	-4.094	-5.044	-25.558	-27.765	-39.376	-1.641	-8.872	5.019	-784.266	1.532	-10.548	7.273	191.35	9.305	-29.971	3.763	10.036	6.759	-3.899	5.251	68.524	15.807	-5.515	-4.955	-0.846	3.684	-11.351	4.329	2.527	5	-6.153	-4.567	6.097	-6.396	-1.596	-7.168	-0.315	0.368	3.105	0.447	-5.372	3.994	4.312	1.034	3.345	1.605	2.499	-1.116	11.217	-32.916	9.335	2.018	-4.709	13.443	5.08	8.574	-3.357	-6.051	9.619	5.972	1.109	6.461	12.114	15.678	14.952	12.584	10.841	9.351	8.355	7.4	6.628	5.46	5.625	4.79	4.091	3.336	2.764	2.399	1.935	1.426	1.304	0.607	0.603	0.785	0.843	0.599	0.208	0.689
Net Income Numbers are in millions	-676.3	-193.3	-215.6	-392.7	-164.3	-207.5	-168.9	-15.4	13.3	4.3	-165.7	6.168	-62.532	-276.428	-88.242	16.536	-22.908	-157.893	-113.033	1,772.673	-82.501	-57.331	-48.45	-260.698	-53.767	6.759	128.612	48.763	200.188	165.259	106.621	-80.091	72.616	51.305	-22.679	4.2	-61.738	-382.43	14.09	81.693	115.304	138.87	99.479	106.629	103.156	61.826	53.209	50.152	68.816	93.074	94.543	80.717	195.121	192.392	146.861	222.853	255.732	219.777	205.767	204.821	201.599	58.493	-111.457	-65.01	70.946	71.367	69.939	1.293	-6.436	-56.456	-52.828	-140.585	6.046	44.881	75.297	97.483	93.046	77.302	63.532	54.945	43.595	28.624	14.497	19.775	11.956	9.422	4.357	-24.234	-7.68	-9.326	-30.934	-99.87	-105.121	-105.197	-104.966	-239.61	1.798	0.624	2.068
Net Income Ratio Numbers are in millions	-0.446	-0.152	-0.186	-0.275	-0.116	-0.155	-0.128	-0.011	0.009	0.003	-0.115	0.005	-0.052	-0.257	-0.106	0.021	-0.031	-0.217	-0.163	2.47	-0.125	-0.087	-0.073	-0.35	-0.063	0.01	0.213	0.079	0.325	0.273	0.184	-0.14	0.111	0.082	-0.042	0.007	-0.092	-0.538	0.019	0.095	0.124	0.144	0.104	0.114	0.111	0.077	0.072	0.065	0.088	0.114	0.119	0.109	0.205	0.214	0.183	0.247	0.267	0.245	0.241	0.243	0.251	0.091	-0.214	-0.127	0.09	0.085	0.087	0.002	-0.008	-0.086	-0.083	-0.226	0.012	0.078	0.144	0.199	0.218	0.198	0.174	0.161	0.137	0.096	0.054	0.081	0.056	0.049	0.026	-0.161	-0.056	-0.078	-0.313	-1.206	-1.438	-1.532	-1.634	-5.227	0.05	0.019	0.07
EPS Numbers are in millions	0.47	-0.22	-0.25	-0.45	-0.19	-0.24	-0.2	-0.018	0.02	0.005	-0.2	0.01	-0.076	-0.34	-0.13	0.02	-0.034	-0.24	-0.17	2.66	-0.12	-0.09	-0.074	-0.4	-0.082	0.01	0.26	0.1	0.41	0.33	0.21	-0.16	0.14	0.1	-0.045	0.01	-0.12	-0.74	0.03	0.16	0.22	0.27	0.2	0.21	0.21	0.13	0.11	0.1	0.12	0.17	0.16	0.14	0.32	0.32	0.23	0.34	0.39	0.34	0.32	0.33	0.32	0.09	-0.18	-0.11	0.12	0.12	0.12	0.002	-0.011	-0.096	-0.09	-0.24	0.01	0.08	0.13	0.17	0.17	0.14	0.12	0.1	0.08	0.055	0.028	0.039	0.025	0.02	0.01	-0.051	-0.016	-0.02	-0.066	-0.22	-0.23	-0.23	-0.23	-0.9	0.005	0.003	0.01
EPS Diluted Numbers are in millions	0.47	-0.22	-0.25	-0.45	-0.19	-0.24	-0.2	-0.018	0.02	0.005	-0.2	0.01	-0.076	-0.34	-0.13	0.02	-0.034	-0.24	-0.17	2.62	-0.12	-0.086	-0.074	-0.4	-0.082	0.01	0.25	0.1	0.4	0.32	0.21	-0.16	0.14	0.1	-0.045	0.01	-0.12	-0.74	0.03	0.16	0.22	0.27	0.19	0.21	0.21	0.12	0.11	0.09	0.12	0.16	0.16	0.13	0.32	0.31	0.22	0.33	0.38	0.33	0.3	0.31	0.31	0.09	-0.18	-0.1	0.11	0.11	0.11	0.002	-0.011	-0.096	-0.09	-0.24	0.01	0.07	0.12	0.15	0.14	0.13	0.1	0.092	0.075	0.05	0.025	0.036	0.02	0.018	0.008	-0.051	-0.016	-0.02	-0.066	-0.22	-0.23	-0.23	-0.23	-0.9	0.005	0.003	0.005
EBITDA Numbers are in millions	-702.8	254.2	188.5	325.4	207	149.5	168.8	377.2	454.8	392.3	423.7	408.078	318.721	74.748	99.61	155.565	148.784	12.054	72.221	1,169.674	73.54	75.56	104.064	68.92	95.858	45.276	152.962	80.367	178.817	153.14	124.085	24.146	124.362	80.892	11.55	28.017	15.381	-737.961	42.925	160.857	145.844	150.506	127.167	138.322	135.99	88.49	78.761	87.961	102.297	124.623	129.487	104.531	222.72	228.215	186.491	264.423	303.912	257.839	257.782	264.618	222.45	120.818	-53.62	29.684	136.796	142.157	148.796	57.746	57.256	23.16	25.65	2.794	53.028	100.252	116.325	158.309	134.848	118.187	103.332	94.56	81.134	64.683	52.931	53.793	45.036	42.99	34.325	30.224	22.338	19.13	-4.182	10.644	6.588	5.687	4.947	5.942	3.745	3.25	5.6
EBITDA Ratio Numbers are in millions	-0.464	0.2	0.163	0.247	0.148	0.143	0.173	0.268	0.296	0.312	0.294	0.305	0.268	0.081	0.135	0.252	0.224	0.182	0.135	1.655	0.133	0.14	0.166	0.11	0.144	0.121	0.246	0.354	0.29	0.255	0.214	0.029	0.173	0.111	-0.008	0.045	-0.05	-0.56	0.059	0.128	0.157	0.157	0.133	0.148	0.142	0.109	0.107	0.106	0.131	0.153	0.163	0.141	0.234	0.254	0.233	0.294	0.319	0.288	0.301	0.314	0.277	0.201	-0.087	0.058	0.173	0.169	0.186	0.068	0.076	0.035	0.04	0.004	0.102	0.175	0.223	0.324	0.317	0.303	0.283	0.278	0.263	0.218	0.196	0.221	0.209	0.223	0.204	0.2	0.177	0.16	0.138	0.129	0.09	0.083	0.077	0.13	0.103	0.101	0.189

Marvell Technology, Inc.

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