Stock Analysis on Net
Stock Analysis on Net

Marvell Technology Inc. (NASDAQ:MRVL)

Common-Size Balance Sheet: Assets
Quarterly Data

Marvell Technology Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Aug 1, 2026 May 2, 2026 Jan 31, 2026 Nov 1, 2025 Aug 2, 2025 May 3, 2025 Feb 1, 2025 Nov 2, 2024 Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020
Cash and cash equivalents 14.27 14.26 11.84 12.58 5.95 4.42 4.69 4.40 3.99 4.14 4.48 3.34 1.95 4.62 4.04 3.21 2.78 2.11 2.78 2.38 2.69 2.46 6.95 7.69 7.61 6.08
Accounts receivable, net 8.05 6.95 9.81 7.17 7.05 5.71 5.09 5.06 5.22 4.30 5.28 5.59 5.56 4.49 5.29 6.17 5.83 5.40 4.74 4.44 3.77 3.27 4.99 4.53 4.43 4.27
Inventories 4.94 5.20 6.23 4.70 5.11 5.35 5.10 4.36 4.03 4.03 4.07 4.34 4.67 4.61 4.74 4.25 4.12 3.79 3.26 2.85 2.21 2.53 2.49 2.48 2.41 2.46
Prepaid expenses and other current assets 1.48 1.29 1.11 1.10 0.92 0.74 0.56 0.46 0.38 0.45 0.59 0.42 0.55 0.66 0.49 0.48 0.42 0.49 0.50 0.52 0.50 0.63 0.59 0.63 0.50 0.66
Assets held for sale 0.00 0.00 0.00 0.00 2.89 2.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 28.74% 27.70% 28.99% 25.55% 21.92% 19.17% 15.44% 14.29% 13.62% 12.92% 14.43% 13.69% 12.72% 14.38% 14.57% 14.12% 13.15% 11.79% 11.28% 10.19% 9.16% 8.89% 15.02% 15.33% 14.94% 13.47%
Property and equipment, net 3.89 3.61 4.20 3.96 3.86 3.87 3.91 3.97 3.85 3.70 3.56 3.23 3.19 2.86 2.56 2.32 2.29 2.28 2.09 2.02 2.08 2.00 3.03 3.06 3.07 3.17
Goodwill 50.35 51.53 49.64 51.26 53.74 55.25 57.35 58.77 57.10 56.55 54.58 53.36 53.27 52.02 51.45 51.41 52.25 52.36 52.07 51.98 52.67 51.65 49.58 49.30 48.85 48.60
Acquired intangible assets, net 8.52 9.51 7.87 9.17 10.72 12.24 13.42 15.00 17.07 18.25 18.86 19.76 20.97 21.69 22.65 23.85 25.46 26.72 27.83 29.24 30.16 30.91 21.09 21.99 22.79 24.15
Deferred tax assets 1.17 1.19 1.55 1.87 1.99 2.03 1.99 2.06 1.71 1.60 1.47 3.50 3.22 2.73 2.07 2.01 1.40 1.51 2.23 2.40 2.48 3.42 6.25 5.98 5.91 5.82
Other non-current assets 7.34 6.47 7.75 8.19 7.77 7.45 7.89 5.91 6.65 6.99 7.10 6.46 6.63 6.32 6.70 6.30 5.45 5.35 4.50 4.16 3.45 3.13 5.03 4.34 4.45 4.79
Non-current assets 71.26% 72.30% 71.01% 74.45% 78.08% 80.83% 84.56% 85.71% 86.38% 87.08% 85.57% 86.31% 87.28% 85.62% 85.43% 85.88% 86.85% 88.21% 88.72% 89.81% 90.84% 91.11% 84.98% 84.67% 85.06% 86.53%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-08-01), 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02).

A structural shift in asset composition is evident over the analyzed period, characterized by a significant transition from non-current assets toward current assets. Total current assets increased from 13.47% in May 2020 to 28.74% by August 2026, while non-current assets declined from 86.53% to 71.26% during the same timeframe.

Liquidity and Working Capital Trends
Cash and cash equivalents remained relatively stable between 2% and 7% for several years before experiencing a sharp increase starting in late 2024, peaking at 14.27% by August 2026. Accounts receivable followed a similar upward trajectory, rising from 4.27% to 8.05%, suggesting an expansion in credit sales or a shift in collection timelines. Inventories also showed a steady increase, moving from 2.46% to 4.94% of total assets, indicating a larger allocation of capital toward stock management.
Amortization of Acquired Intangibles
A consistent downward trend is observed in acquired intangible assets. After peaking at 30.91% in May 2021, this item declined steadily to 8.52% by August 2026. This pattern is indicative of the systematic amortization of intangible assets acquired through business combinations over time.
Goodwill Concentration
Goodwill continues to be the most dominant component of the balance sheet, consistently representing approximately half of the total asset base. While it fluctuated between a low of 48.60% and a peak of 58.77% in October 2023, it remained above 50% through August 2026, highlighting a heavy reliance on acquisition-based valuation.
Other Non-Current Asset Movements
Deferred tax assets showed a marked decline from 5.82% in May 2020 to 1.17% in August 2026. Conversely, other non-current assets increased from 4.79% to 7.34%, suggesting a diversification of long-term holdings outside of goodwill and intangibles.

The overall trend indicates a strategic or operational pivot toward increased liquidity and a reduced relative weight of acquired intangible assets, although the asset base remains heavily concentrated in goodwill.

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