Marvell MRVL
Public, NASDAQ, reports in USD.
Theme: Semiconductors.
2025-08-01 — AI contender, crappy chips
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.2bn USD | 42.1 % | 51.0 % | 25.3 % | 1.3bn USD | 16.3 % | 2.7bn USD | 3.07 | 58.4 | |
| 2025 | 5.8bn USD | 4.7 % | 41.3 % | 33.8 % | -366m USD | -6.4 % | -885m USD | -1.02 | -1.6 | |
| 2024 | 5.5bn USD | -7.0 % | 41.6 % | 34.4 % | -437m USD | -7.9 % | -933m USD | -1.08 | -14.9 | |
| 2023 | 5.9bn USD | – | 50.5 % | 30.1 % | 360m USD | 6.1 % | -164m USD | -0.19 | – | |
| 2027-Q2 | 2.7bn USD | 36.5 % | 53.1 % | 27.1 % | 457m USD | 16.7 % | 308m USD | 0.33 | 53.2 | |
| 2027-Q1 | 2.4bn USD | – | 52.1 % | 27.0 % | 350m USD | 14.5 % | 34m USD | 0.04 | – | |
| 2026-Q4 | 2.2bn USD | – | 51.7 % | 24.2 % | 414m USD | 18.7 % | 396m USD | 0.46 | – | |
| 2026-Q3 | 2.1bn USD | – | 51.6 % | 24.7 % | 367m USD | 17.7 % | 1.9bn USD | 2.20 | – | |
| 2026-Q2 | 2.0bn USD | – | 50.4 % | 25.9 % | 299m USD | 14.9 % | 195m USD | 0.22 | – |
Sources
- 2026: yfinance
- 2025: yfinance
- 2024: yfinance
- 2023: yfinance
- 2027-Q2: yfinance
- 2027-Q1: yfinance
- 2026-Q4: yfinance
- 2026-Q3: yfinance
- 2026-Q2: yfinance
Latest quarter 2027-Q2, ended 2026-07-31, vs 2026-Q2
| 2027-Q2 | 2026-Q2 | change | |
|---|---|---|---|
| Revenue | 2.7bn USD | 2.0bn USD | +733m (+37 %) |
| Op. margin | 16.7 % | 14.9 % | +1.8 pts |
| FCF | 474m USD | 413m USD | +61m (+15 %) |
| Op. income | 457m USD | ||
| Net income | 308m USD | ||
| EPS (diluted) | 0.33 | 50.0 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.8bn USD | 359m USD | 1.4bn USD | 17.0 % | 65.6 % | 1.2bn USD | 997m USD | 1.8bn USD | 1.7bn USD |
| 2025 | 1.7bn USD | 292m USD | 1.4bn USD | 24.1 % | – | – | – | 1.3bn USD | -2.5m USD |
| 2024 | 1.4bn USD | 350m USD | 1.0bn USD | 18.5 % | – | – | – | 693m USD | 40m USD |
| 2023 | 1.3bn USD | 217m USD | 1.1bn USD | 18.1 % | – | – | – | 1.0bn USD | 298m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 222.13 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 199.6bn USD | 2026-09-15 | |
| 52w high | 329.88 USD | 2026-09-15 | |
| 52w low | 67.36 USD | 2026-09-15 | |
| Off 52w high % | -32.7 % | ||
| P/S | 24.4 |
Notes
- 2025-08-01 opinion AI contender, crappy chips