Operating Profit Margin
since 2005
Calculation
Marvell Technology Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Net revenue1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 16.14% | = | 100 | × | 1,322,900) | ÷ | 8,194,600) |
| Feb 1, 2025 | -12.49% | = | 100 | × | (720,300) | ÷ | 5,767,300) |
| Feb 3, 2024 | -10.31% | = | 100 | × | (567,700) | ÷ | 5,507,700) |
| Jan 28, 2023 | 4.02% | = | 100 | × | 238,000) | ÷ | 5,919,600) |
| Jan 29, 2022 | -7.79% | = | 100 | × | (347,668) | ÷ | 4,462,383) |
| Jan 30, 2021 | -8.70% | = | 100 | × | (258,389) | ÷ | 2,968,900) |
| Feb 1, 2020 | -9.02% | = | 100 | × | (243,358) | ÷ | 2,699,161) |
| Feb 2, 2019 | 1.51% | = | 100 | × | 43,270) | ÷ | 2,865,791) |
| Feb 3, 2018 | 17.84% | = | 100 | × | 429,695) | ÷ | 2,409,170) |
| Jan 28, 2017 | 4.31% | = | 100 | × | 99,994) | ÷ | 2,317,674) |
| Jan 30, 2016 | -29.96% | = | 100 | × | (816,739) | ÷ | 2,725,828) |
| Jan 31, 2015 | 11.03% | = | 100 | × | 408,819) | ÷ | 3,706,963) |
| Feb 1, 2014 | 8.24% | = | 100 | × | 280,691) | ÷ | 3,404,400) |
| Feb 2, 2013 | 9.30% | = | 100 | × | 294,657) | ÷ | 3,168,630) |
| Jan 28, 2012 | 17.81% | = | 100 | × | 604,146) | ÷ | 3,393,040) |
| Jan 29, 2011 | 24.95% | = | 100 | × | 901,192) | ÷ | 3,611,893) |
| Jan 30, 2010 | 11.90% | = | 100 | × | 334,115) | ÷ | 2,807,687) |
| Jan 31, 2009 | 5.60% | = | 100 | × | 165,176) | ÷ | 2,950,563) |
| Feb 2, 2008 | -3.65% | = | 100 | × | (105,590) | ÷ | 2,894,693) |
| Jan 27, 2007 | 0.05% | = | 100 | × | 1,057) | ÷ | 2,237,553) |
| Jan 28, 2006 | 21.54% | = | 100 | × | 359,722) | ÷ | 1,670,266) |
| Jan 29, 2005 | 13.22% | = | 100 | × | 161,847) | ÷ | 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 operating profit margin exhibits significant volatility over the analyzed period, characterized by alternating cycles of profitability and substantial operational losses, occurring despite a consistent long-term increase in net revenue.
- Revenue Growth and Scale
- Net revenue demonstrated a strong upward trajectory, increasing from approximately US$ 1.22 billion in 2005 to US$ 8.19 billion by 2026. However, the expansion of the top line did not translate into stable operating efficiency, as the operating profit margin failed to maintain a consistent positive correlation with revenue growth.
- Early Period Volatility (2005–2011)
- The initial phase was marked by extreme fluctuations. After a peak of 21.54% in 2006, margins collapsed to 0.05% in 2007 and entered negative territory in 2008 at -3.65%. A subsequent recovery phase saw margins climb steadily, reaching a period high of 24.95% in 2011.
- Operational Contraction and Significant Losses (2012–2017)
- A downward trend in profitability was observed between 2012 and 2014, with margins dropping from 17.81% to 8.24%. This period was punctuated by a severe operational decline in 2016, where the operating profit margin fell to -29.96%, the most significant deficit in the data set. A partial recovery followed in 2017, with the margin returning to a positive 4.31%.
- Recent Performance and Recovery (2018–2026)
- The most recent period shows continued instability. After a brief peak of 17.84% in 2018, the margin entered a multi-year period of instability, with negative margins recorded from 2020 to 2022 and again from 2024 to 2025, where losses reached -12.49%. The timeframe concludes with a sharp reversal in 2026, as the operating profit margin recovered to 16.14% alongside peak revenue levels.
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Comparison to Competitors
Marvell Technology Inc., operating 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. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 16.14% | — | — | — | — | — | 35.29% | 74.59% | 60.38% | — | — |
| Feb 1, 2025 | -12.49% | 10.66% | 26.61% | 29.22% | 39.89% | -4.19% | 32.01% | 26.14% | 62.42% | 27.90% | 34.06% |
| Feb 3, 2024 | -10.31% | 7.37% | 21.56% | 28.95% | 26.10% | -21.99% | 28.61% | 5.19% | 54.12% | 25.85% | 34.94% |
| Jan 28, 2023 | 4.02% | 1.77% | 31.07% | 28.86% | 45.25% | 0.17% | 29.69% | -36.97% | 15.66% | 21.74% | 41.85% |
| Jan 29, 2022 | -7.79% | 5.36% | 27.29% | 30.20% | 42.84% | 3.70% | 31.24% | 31.54% | 37.31% | 35.88% | 50.63% |
| Jan 30, 2021 | -8.70% | 22.20% | 23.12% | 29.87% | 31.03% | 24.62% | 30.64% | 22.68% | 27.18% | 29.16% | 48.84% |
| Feb 1, 2020 | -9.02% | 14.02% | 26.74% | 25.37% | 16.80% | 30.41% | 26.62% | 14.01% | 26.07% | 26.58% | 40.76% |
| Feb 2, 2019 | 1.51% | 9.37% | 28.55% | 22.93% | 15.24% | 30.62% | 25.53% | 31.51% | 32.47% | 31.59% | 39.79% |
| Feb 3, 2018 | 17.84% | 6.97% | 30.35% | 27.80% | 24.63% | 32.91% | 29.01% | 49.34% | 33.05% | 3.26% | 42.53% |
| Jan 28, 2017 | 4.31% | 3.83% | 20.66% | 26.61% | 13.51% | 28.58% | 23.74% | 28.88% | 27.99% | 11.73% | 40.66% |
| Jan 30, 2016 | -29.96% | -8.71% | 30.05% | 19.88% | -3.09% | 21.68% | 18.25% | 1.35% | 14.91% | 27.57% | 35.89% |
| Jan 31, 2015 | 11.03% | -12.05% | 24.19% | 17.53% | 23.92% | 25.29% | 14.98% | 18.52% | 16.21% | 22.85% | 32.88% |
| Feb 1, 2014 | 8.24% | -2.82% | 26.27% | 16.75% | 10.26% | 27.47% | 14.71% | 18.87% | 12.01% | 28.50% | 30.26% |
| Feb 2, 2013 | 9.30% | 1.94% | 28.59% | 5.75% | 21.90% | 23.32% | 3.28% | 2.60% | 15.15% | 29.08% | 23.20% |
| Jan 28, 2012 | 17.81% | -19.48% | 30.51% | 4.71% | 24.62% | 27.44% | 8.92% | -7.51% | 16.22% | 29.72% | 15.38% |
| Jan 29, 2011 | 24.95% | 5.60% | 35.81% | 22.80% | 25.00% | 32.37% | 24.84% | 8.59% | 7.22% | 33.60% | 21.78% |
| Jan 30, 2010 | 11.90% | 13.06% | 32.59% | 14.49% | 22.26% | 35.73% | 19.94% | 18.73% | -2.97% | 29.87% | 32.32% |
| Jan 31, 2009 | 5.60% | 12.29% | 14.14% | -7.85% | 3.23% | 16.26% | -25.20% | -34.87% | -2.06% | 21.37% | 19.09% |
| Feb 2, 2008 | -3.65% | -33.66% | 24.20% | 16.67% | — | 23.82% | 20.58% | -27.31% | 20.41% | 33.48% | 19.49% |
| Jan 27, 2007 | 0.05% | -47.65% | 22.24% | 24.36% | — | 21.43% | 30.34% | -4.92% | 14.78% | 32.50% | 25.28% |
| Jan 28, 2006 | 21.54% | -0.83% | 21.44% | 22.04% | — | 15.97% | 24.74% | 6.64% | 14.32% | 35.74% | 23.62% |
| Jan 29, 2005 | 13.22% | 3.96% | 21.60% | 20.71% | — | 31.14% | 26.02% | 4.46% | 5.65% | 42.06% | 20.84% |
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).