Net Profit Margin
since 2005
Calculation
Marvell Technology Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Net revenue1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 32.58% | = | 100 | × | 2,670,100) | ÷ | 8,194,600) |
| Feb 1, 2025 | -15.35% | = | 100 | × | (885,000) | ÷ | 5,767,300) |
| Feb 3, 2024 | -16.95% | = | 100 | × | (933,400) | ÷ | 5,507,700) |
| Jan 28, 2023 | -2.76% | = | 100 | × | (163,500) | ÷ | 5,919,600) |
| Jan 29, 2022 | -9.44% | = | 100 | × | (421,034) | ÷ | 4,462,383) |
| Jan 30, 2021 | -9.34% | = | 100 | × | (277,298) | ÷ | 2,968,900) |
| Feb 1, 2020 | 58.70% | = | 100 | × | 1,584,391) | ÷ | 2,699,161) |
| Feb 2, 2019 | -6.25% | = | 100 | × | (179,094) | ÷ | 2,865,791) |
| Feb 3, 2018 | 21.62% | = | 100 | × | 520,831) | ÷ | 2,409,170) |
| Jan 28, 2017 | 0.91% | = | 100 | × | 21,151) | ÷ | 2,317,674) |
| Jan 30, 2016 | -29.77% | = | 100 | × | (811,400) | ÷ | 2,725,828) |
| Jan 31, 2015 | 11.74% | = | 100 | × | 435,346) | ÷ | 3,706,963) |
| Feb 1, 2014 | 9.26% | = | 100 | × | 315,320) | ÷ | 3,404,400) |
| Feb 2, 2013 | 9.68% | = | 100 | × | 306,585) | ÷ | 3,168,630) |
| Jan 28, 2012 | 18.13% | = | 100 | × | 615,091) | ÷ | 3,393,040) |
| Jan 29, 2011 | 25.03% | = | 100 | × | 904,129) | ÷ | 3,611,893) |
| Jan 30, 2010 | 12.59% | = | 100 | × | 353,456) | ÷ | 2,807,687) |
| Jan 31, 2009 | 4.99% | = | 100 | × | 147,242) | ÷ | 2,950,563) |
| Feb 2, 2008 | -3.95% | = | 100 | × | (114,427) | ÷ | 2,894,693) |
| Jan 27, 2007 | -0.54% | = | 100 | × | (12,095) | ÷ | 2,237,553) |
| Jan 28, 2006 | 19.84% | = | 100 | × | 331,363) | ÷ | 1,670,266) |
| Jan 29, 2005 | 11.57% | = | 100 | × | 141,661) | ÷ | 1,224,580) |
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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
The financial trajectory from 2005 to 2026 reveals a significant divergence between revenue growth and bottom-line profitability. While net revenue has exhibited a long-term upward trend, expanding from approximately 1.22 billion USD in 2005 to a projected 8.19 billion USD by 2026, the net profit margin has been characterized by extreme volatility and recurring periods of instability.
- Early Growth and Stability (2005–2015)
- During the initial decade, the net profit margin generally remained positive, reaching a peak of 25.03% in 2011. This period was marked by a relatively stable relationship between revenue increases and net income, although a brief dip into negative territory occurred between 2007 and 2008, coinciding with a period of revenue expansion.
- Period of High Volatility (2016–2020)
- A phase of significant margin instability began in 2016, where the net profit margin dropped to a low of -29.77%. This was followed by a rapid recovery to 21.62% in 2018 and an anomalous spike to 58.70% in 2020. The 2020 figure represents a substantial outlier, as the net income of 1.58 billion USD far exceeded the historical norms relative to the 2.70 billion USD in revenue recorded for that year.
- Recent Contraction and Projected Recovery (2021–2026)
- From 2021 through 2024, the company experienced a sustained period of negative profitability. Despite net revenues scaling from 2.97 billion USD to 5.51 billion USD, the net profit margin remained negative, reaching a low of -16.95% in 2023. This suggests that operational expenses or non-operating losses significantly outpaced revenue growth during this interval. However, the outlook for 2026 indicates a sharp reversal, with a projected net profit margin of 32.58% driven by a substantial increase in net income to 2.67 billion USD on revenues of 8.19 billion USD.
Overall, the data indicates a business model capable of scaling revenue but susceptible to wide swings in profitability. The recurring transitions between high double-digit margins and significant losses suggest a high sensitivity to external market conditions or internal structural adjustments.
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Comparison to Competitors
Marvell Technology Inc., net profit margin, long-term trends, comparison to competitors
| Marvell Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 32.58% | — | — | — | — | — | 35.57% | 31.27% | 63.80% | 55.60% | — | — |
| Feb 1, 2025 | -15.35% | 12.51% | 20.58% | 24.67% | 36.20% | -0.51% | 33.41% | 29.06% | 22.84% | 55.85% | 12.51% | 28.28% |
| Feb 3, 2024 | -16.95% | 6.36% | 17.35% | 26.41% | 11.43% | -35.32% | 28.15% | 25.68% | 3.10% | 48.85% | 26.03% | 30.68% |
| Jan 28, 2023 | -2.76% | 3.77% | 26.94% | 25.86% | 39.31% | 3.11% | 32.27% | 25.88% | -37.54% | 16.19% | 20.19% | 37.16% |
| Jan 29, 2022 | -9.44% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | 26.73% | 28.24% | 36.23% | 29.27% | 43.68% |
| Jan 30, 2021 | -9.34% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | 26.72% | 21.16% | 25.98% | 26.94% | 42.35% |
| Feb 1, 2020 | 58.70% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 22.42% | 12.54% | 25.61% | 22.09% | 38.69% |
| Feb 2, 2019 | -6.25% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | 22.70% | 26.97% | 35.34% | 18.07% | 34.88% |
| Feb 3, 2018 | 21.62% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.49% | 46.51% | 31.37% | -21.40% | 35.35% |
| Jan 28, 2017 | 0.91% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 21.19% | 25.04% | 24.11% | 11.06% | 24.61% |
| Jan 30, 2016 | -29.77% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | 15.53% | -2.23% | 12.26% | 24.22% | 26.89% |
| Jan 31, 2015 | 11.74% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 12.47% | 17.90% | 13.47% | 20.85% | 22.97% |
| Feb 1, 2014 | 9.26% | -7.32% | 21.97% | 11.82% | 6.16% | 20.95% | 19.89% | 13.72% | 18.61% | 10.65% | 30.08% | 21.63% |
| Feb 2, 2013 | 9.68% | -1.57% | 25.57% | 3.41% | 21.90% | 18.25% | 19.11% | 3.16% | 13.12% | 13.14% | 27.56% | 17.71% |
| Jan 28, 2012 | 18.13% | -21.82% | 24.11% | 1.25% | 23.82% | 20.63% | 23.83% | 6.33% | -12.53% | 14.53% | 31.95% | 13.72% |
| Jan 29, 2011 | 25.03% | 7.48% | 28.98% | 18.31% | 23.63% | 23.97% | 25.02% | 22.35% | 1.90% | 7.14% | 28.48% | 16.28% |
| Jan 30, 2010 | 12.59% | 7.25% | 25.79% | 9.82% | 19.83% | 26.28% | 11.66% | 16.25% | 21.81% | -2.04% | 29.54% | 23.11% |
| Jan 31, 2009 | 4.99% | 5.63% | 12.30% | -6.09% | -2.96% | 12.44% | -34.43% | -27.08% | -38.21% | -0.88% | 15.28% | 14.10% |
| Feb 2, 2008 | -3.95% | -53.34% | 30.44% | 11.82% | — | 14.08% | 14.24% | 17.75% | -27.72% | 19.46% | 28.36% | 15.36% |
| Jan 27, 2007 | -0.54% | -56.19% | 19.52% | 17.57% | — | 18.20% | 19.34% | 26.72% | -5.63% | 14.63% | 37.23% | 19.20% |
| Jan 28, 2006 | 19.84% | -2.94% | 21.35% | 16.54% | — | 14.26% | 18.37% | 20.45% | 7.74% | 12.74% | 32.82% | 30.45% |
| Jan 29, 2005 | 11.57% | 2.83% | 17.36% | 17.30% | — | 22.31% | 22.38% | 19.92% | 3.85% | 4.99% | 37.78% | 17.35% |
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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Marvell Technology Inc., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Marvell Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 31, 2026 | 32.58% | — |
| Feb 1, 2025 | -15.35% | 29.97% |
| Feb 3, 2024 | -16.95% | 14.42% |
| Jan 28, 2023 | -2.76% | 16.64% |
| Jan 29, 2022 | -9.44% | 25.04% |
| Jan 30, 2021 | -9.34% | 25.45% |
| Feb 1, 2020 | 58.70% | 23.53% |
| Feb 2, 2019 | -6.25% | 24.08% |
| Feb 3, 2018 | 21.62% | 27.58% |
| Jan 28, 2017 | 0.91% | 16.90% |
| Jan 30, 2016 | -29.77% | 13.44% |
| Jan 31, 2015 | 11.74% | 18.27% |
| Feb 1, 2014 | 9.26% | 19.57% |
| Feb 2, 2013 | 9.68% | 17.41% |
| Jan 28, 2012 | 18.13% | 15.96% |
| Jan 29, 2011 | 25.03% | 20.49% |
| Jan 30, 2010 | 12.59% | 21.44% |
| Jan 31, 2009 | 4.99% | 6.08% |
| Feb 2, 2008 | -3.95% | 9.29% |
| Jan 27, 2007 | -0.54% | 13.69% |
| Jan 28, 2006 | 19.84% | 17.71% |
| Jan 29, 2005 | 11.57% | 19.00% |
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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Information Technology)
Marvell Technology Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Marvell Technology Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2026 | 32.58% | — |
| Feb 1, 2025 | -15.35% | 25.66% |
| Feb 3, 2024 | -16.95% | 20.48% |
| Jan 28, 2023 | -2.76% | 20.24% |
| Jan 29, 2022 | -9.44% | 22.27% |
| Jan 30, 2021 | -9.34% | 23.48% |
| Feb 1, 2020 | 58.70% | 19.76% |
| Feb 2, 2019 | -6.25% | 19.73% |
| Feb 3, 2018 | 21.62% | 18.59% |
| Jan 28, 2017 | 0.91% | 17.77% |
| Jan 30, 2016 | -29.77% | 17.58% |
| Jan 31, 2015 | 11.74% | 18.32% |
| Feb 1, 2014 | 9.26% | 19.33% |
| Feb 2, 2013 | 9.68% | 20.15% |
| Jan 28, 2012 | 18.13% | 20.07% |
| Jan 29, 2011 | 25.03% | 20.71% |
| Jan 30, 2010 | 12.59% | 20.19% |
| Jan 31, 2009 | 4.99% | 14.45% |
| Feb 2, 2008 | -3.95% | 15.07% |
| Jan 27, 2007 | -0.54% | 15.71% |
| Jan 28, 2006 | 19.84% | 16.26% |
| Jan 29, 2005 | 11.57% | 16.64% |
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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).