Name: Marvell Technology Inc. (NASDAQ:MRVL) | Income Statement (Quarterly)
Creator: Stock Analysis on Net

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Download chart

Marvell Technology Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	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
Net revenue	2,739,300)	2,417,800)	2,218,700)	2,074,500)	2,006,100)	1,895,300)	1,817,400)	1,516,100)	1,272,900)	1,160,900)	1,426,500)	1,418,600)	1,340,900)	1,321,700)	1,418,500)	1,537,300)	1,516,900)	1,446,900)	1,342,978)	1,211,245)	1,075,881)	832,279)	797,819)	750,143)	727,297)	693,641)
Cost of goods sold	(1,283,700)	(1,157,000)	(1,070,800)	(1,004,700)	(995,500)	(942,900)	(900,000)	(1,166,700)	(685,300)	(633,100)	(762,400)	(867,400)	(819,800)	(764,500)	(745,200)	(760,000)	(730,900)	(696,000)	(656,544)	(623,425)	(704,051)	(414,138)	(376,687)	(369,083)	(368,041)	(366,739)
Gross profit	1,455,600)	1,260,800)	1,147,900)	1,069,800)	1,010,600)	952,400)	917,400)	349,400)	587,600)	527,800)	664,100)	551,200)	521,100)	557,200)	673,300)	777,300)	786,000)	750,900)	686,434)	587,820)	371,830)	418,141)	421,132)	381,060)	359,256)	326,902)
Research and development	(741,100)	(652,300)	(536,000)	(512,500)	(519,000)	(507,700)	(499,000)	(488,600)	(486,700)	(476,100)	(459,600)	(481,100)	(474,800)	(480,700)	(443,100)	(448,100)	(449,000)	(444,100)	(399,269)	(371,894)	(367,043)	(286,100)	(260,380)	(255,637)	(277,139)	(279,584)
Selling, general and administrative	(257,600)	(258,400)	(198,000)	(189,900)	(192,800)	(186,400)	(195,700)	(205,300)	(197,300)	(199,900)	(212,000)	(213,000)	(210,000)	(199,000)	(203,400)	(207,800)	(211,700)	(220,700)	(251,212)	(243,406)	(259,161)	(201,466)	(116,918)	(115,501)	(112,794)	(122,027)
Legal settlement	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(85,000)	(15,000)	—)	—)	—)	—)	(36,000)	—)	—)	—)
Restructuring related gains (charges), net	2,800)	(10,700)	(9,500)	(9,600)	(8,700)	12,300)	12,500)	(358,300)	(4,000)	(4,100)	(25,800)	(3,400)	(42,000)	(59,900)	(3,500)	(15,600)	(1,200)	(1,300)	(1,301)	(5,861)	(12,294)	(12,886)	(9,570)	(19,312)	(120,590)	(21,287)
Operating expenses	(995,900)	(921,400)	(743,500)	(712,000)	(720,500)	(681,800)	(682,200)	(1,052,200)	(688,000)	(680,100)	(697,400)	(697,500)	(726,800)	(739,600)	(650,000)	(671,500)	(746,900)	(681,100)	(651,782)	(621,161)	(638,498)	(500,452)	(422,868)	(390,450)	(510,523)	(422,898)
Operating income (loss)	459,700)	339,400)	404,400)	357,800)	290,100)	270,600)	235,200)	(702,800)	(100,400)	(152,300)	(33,300)	(146,300)	(205,700)	(182,400)	23,300)	105,800)	39,100)	69,800)	34,652)	(33,341)	(266,668)	(82,311)	(1,736)	(9,390)	(151,267)	(95,996)
Interest expense	(61,600)	(52,800)	(50,800)	(51,200)	(51,900)	(48,700)	(45,000)	(47,200)	(48,400)	(48,800)	(52,600)	(52,600)	(53,800)	(52,700)	(49,300)	(45,200)	(39,800)	(36,300)	(34,963)	(35,423)	(33,814)	(35,141)	(20,733)	(16,066)	(15,635)	(16,830)
Other income (expense), net	(19,800)	(203,300)	28,000)	1,908,800)	(4,500)	(6,000)	9,600)	(500)	2,600)	3,300)	(1,400)	11,400)	7,900)	2,800)	2,800)	4,700)	4,500)	5,700)	2,385)	1,188)	(1,504)	1,445)	(371)	907)	137)	4,812)
Interest and other income (loss), net	(81,400)	(256,100)	(22,800)	1,857,600)	(56,400)	(54,700)	(35,400)	(47,700)	(45,800)	(45,500)	(54,000)	(41,200)	(45,900)	(49,900)	(46,500)	(40,500)	(35,300)	(30,600)	(32,578)	(34,235)	(35,318)	(33,696)	(21,104)	(15,159)	(15,498)	(12,018)
Income (loss) before income taxes	378,300)	83,300)	381,600)	2,215,400)	233,700)	215,900)	199,800)	(750,500)	(146,200)	(197,800)	(87,300)	(187,500)	(251,600)	(232,300)	(23,200)	65,300)	3,800)	39,200)	2,074)	(67,576)	(301,986)	(116,007)	(22,840)	(24,549)	(166,765)	(108,014)
(Provision) benefit for income taxes	(70,300)	(48,800)	14,500)	(314,100)	(38,900)	(38,000)	400)	74,200)	(47,100)	(17,800)	(305,400)	23,200)	44,100)	63,400)	7,800)	(52,000)	500)	(204,900)	4,094)	5,044)	25,558)	27,765)	39,376)	1,641)	8,872)	(5,019)
Net income (loss)	308,000)	34,500)	396,100)	1,901,300)	194,800)	177,900)	200,200)	(676,300)	(193,300)	(215,600)	(392,700)	(164,300)	(207,500)	(168,900)	(15,400)	13,300)	4,300)	(165,700)	6,168)	(62,532)	(276,428)	(88,242)	16,536)	(22,908)	(157,893)	(113,033)

Revenue demonstrates a long-term upward trajectory, expanding from $693.6 million in May 2020 to $2.74 billion by August 2026. While the growth pattern was characterized by volatility and a period of stagnation through 2023, a consistent acceleration in top-line performance is observed beginning in early 2024.

Gross Profit and Margin Analysis: Gross profit generally trended upward in alignment with revenue, although significant fluctuations occurred. A notable margin compression is evident in November 2024, where gross profit fell to $349.4 million despite revenues of $1.52 billion. This was followed by a robust recovery, with gross profit reaching a peak of $1.46 billion in August 2026.
Operating Expenditure Trends: Research and development (R&D) expenses have increased substantially over the analyzed period, rising from $279.6 million in May 2020 to $741.1 million in August 2026, indicating a strategic commitment to product development. In contrast, selling, general, and administrative (SG&A) expenses remained relatively contained, generally fluctuating between $180 million and $260 million, suggesting effective control of administrative overhead during periods of revenue scaling.
Operating Income Performance: The company experienced systemic operating losses from 2020 through 2023. A significant outlier occurred in November 2024, with an operating loss of $702.8 million. However, a pivot toward sustainable profitability is observed starting in February 2025, with operating income growing steadily to reach $459.7 million by August 2026.
Net Income and Non-Operating Impact: Net income exhibits high volatility, largely driven by non-operating items and tax provisions. A substantial anomaly is present in November 2025, where net income spiked to $1.90 billion, directly correlating with a one-time "Other income" gain of $1.91 billion. When excluding this non-recurring item, the net income trend shows a transition from periodic losses to consistent quarterly gains in the final year of the data set.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?

Marvell Technology Inc. (NASDAQ:MRVL)

Income StatementQuarterly Data

Income Statement
Quarterly Data