Name: Marvell Technology Inc. (NASDAQ:MRVL) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Marvell Technology Inc., consolidated balance sheet: assets

US$ in thousands

	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Cash and cash equivalents	2,638,800)	948,300)	950,800)	911,000)	613,533)	748,467)
Accounts receivable, net	2,186,600)	1,028,400)	1,121,600)	1,192,200)	1,048,583)	536,668)
Inventories	1,388,000)	1,029,700)	864,400)	1,068,300)	720,331)	268,228)
Prepaid expenses and other current assets	247,200)	113,900)	125,900)	109,600)	111,003)	63,782)
Current assets	6,460,600)	3,120,300)	3,062,700)	3,281,100)	2,493,450)	1,617,145)
Property and equipment, net	935,000)	790,500)	756,000)	577,400)	462,773)	326,125)
Goodwill	11,062,200)	11,586,900)	11,586,900)	11,586,900)	11,511,129)	5,336,961)
Acquired intangible assets, net	1,754,700)	2,710,600)	4,004,100)	5,102,000)	6,153,422)	2,270,700)
Deferred tax assets	345,900)	401,200)	311,900)	465,900)	493,508)	672,424)
Prepaid ship and debits	584,200)	516,900)	547,600)	481,300)	215,931)	131,657)
Technology licenses	296,300)	401,300)	350,600)	439,500)	490,178)	242,244)
Operating right-of-use assets	284,100)	246,000)	203,600)	211,300)	142,029)	101,411)
Prepayments on supply capacity reservation agreements	278,800)	307,800)	302,500)	282,300)	54,587)	—)
Non-marketable equity investments	129,600)	48,200)	45,800)	36,100)	30,679)	7,646)
Other	153,900)	74,800)	56,800)	58,300)	60,911)	58,611)
Other non-current assets	1,726,900)	1,595,000)	1,506,900)	1,508,800)	994,315)	541,569)
Non-current assets	15,824,700)	17,084,200)	18,165,800)	19,241,000)	19,615,147)	9,147,779)
Total assets	22,285,300)	20,204,500)	21,228,500)	22,522,100)	22,108,597)	10,764,924)

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30).

The total asset base experienced a significant expansion between January 2021 and January 2022, growing from approximately 10.76 billion US dollars to 22.11 billion US dollars. Following this surge, the total asset value remained relatively stable, fluctuating between 20.20 billion and 22.52 billion US dollars through February 2025, before ending at 22.29 billion US dollars in January 2026. This trajectory suggests a transition from a period of aggressive inorganic growth to a phase of asset optimization and organic scaling.

Current Asset Dynamics: Current assets exhibited a strong upward trend, increasing from 1.62 billion US dollars in 2021 to 6.46 billion US dollars by 2026. A notable acceleration occurred in the final period, where current assets more than doubled from 3.12 billion US dollars in February 2025 to 6.46 billion US dollars in January 2026. This growth was driven by substantial increases in cash and cash equivalents, which rose to 2.64 billion US dollars, and net accounts receivable, which peaked at 2.19 billion US dollars. Inventories also trended upward over the five-year period, growing from 268 million US dollars to 1.39 billion US dollars, indicating an increase in operational scale and potential preparations for higher demand.
Intangible Assets and Goodwill: The balance sheet is heavily characterized by intangible assets, reflecting a major acquisition event around January 2022. Goodwill rose sharply from 5.34 billion US dollars in 2021 to 11.51 billion US dollars in 2022, remaining largely stagnant until a slight reduction to 11.06 billion US dollars in 2026. In contrast, acquired intangible assets, net, peaked at 6.15 billion US dollars in 2022 and followed a consistent downward trajectory to 1.75 billion US dollars by 2026, a pattern consistent with the systematic amortization of acquired intellectual property.
Fixed and Other Non-Current Assets: Property and equipment, net, showed consistent year-over-year growth, increasing from 326 million US dollars in 2021 to 935 million US dollars in 2026. This steady rise indicates ongoing capital expenditure in physical infrastructure. Other non-current assets also grew steadily from 541 million US dollars to 1.73 billion US dollars over the observed period. Conversely, deferred tax assets generally declined from 672 million US dollars in 2021 to 346 million US dollars in 2026, despite a brief recovery in 2025.
Working Capital and Operational Indicators: Prepayments on supply capacity reservation agreements emerged as a significant asset item after 2021, peaking at 307 million US dollars in 2025. This suggests a strategic approach to securing manufacturing capacity. Additionally, the rise in non-marketable equity investments from 7.6 million US dollars in 2021 to 129.6 million US dollars in 2026 indicates a growing portfolio of strategic corporate investments.

Overall, the asset structure shifted from being predominantly driven by non-current intangible assets in 2022 to a more balanced composition by 2026, with a marked increase in liquidity and working capital. The decline in total non-current assets from a peak of 19.62 billion US dollars in 2022 to 15.82 billion US dollars in 2026 was primarily offset by the rapid accumulation of current assets.

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