Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

Marvell Technology, Inc.

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Revenue

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Income Statement	Nov '25	Aug '25	May '25	Feb '25	Nov '24	Aug '24
Total Revenues	7,793.3	7,234.9	6,501.7	5,767.3	5,376.4	5,278.9
Total Revenues %Chg	45%	37.1%	21.6%	4.7%	-2.2%	-6%
Net Revenue
Cost of Sales	3,843.1	4,005.1	3,694.9	3,385.1	3,247.5	2,948.2
Cost of Goods Sold
Gross Profit	3,950.2	3,229.8	2,806.8	2,382.2	2,128.9	2,330.7
Gross Profit
Gross Profit Margin	50.7%	44.6%	43.2%	41.3%	39.6%	44.2%
Selling, General & Administrative Expenses	764.8	780.2	784.7	798.2	814.5	822.2
Selling and Marketing
General and Administrative
Selling, General and Administrative
Depreciation & Amortization Expenses	—	—	—	—	—	—
Amortization and Write-Off of Acquired Intangible Assets
Research & Development Expenses	2,038.2	2,014.3	1,982	1,950.4	1,911	1,903.5
Research and Development
Other Operating Expenses	-6.5	342.2	337.5	353.9	392.2	37.3
Legal Settlement
Restructuring Related Charges, Net
Operating Profit	1,153.7	93.1	-297.4	-720.3	-988.8	-432.3
Operating Income
Operating Margin	14.8%	1.3%	-4.6%	-12.5%	-18.4%	-8.2%
Interest and Investment Income	1,907.9	-1.4	5.7	15	4	15.9
Interest Income
Interest Income and Other, Net
Interest Expense	-196.8	-192.8	-189.3	-189.4	-197	-202.4
Interest Expense
Non-Operating Income	—	—	—	-174.4	—	-186.5
Other Income, Net
Interest and Other Income, Net
Interest and Other Loss, Net
Total Non-Operating Income	1,711.1	-194.2	-183.6	-348.8	-193	-373
Income Before Provision for Income Taxes	2,864.8	-101.1	-481	-894.7	-1,181.8	-618.8
Income Before Income Taxes
Provision for Income Taxes	390.6	2.3	10.5	-9.7	296.1	347.1
Provision for Income Taxes
Consolidated Net Income	2,474.2	-103.4	-491.5	-885	-1,477.9	-965.9
Income from Continuing Operations, Net of Tax
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—
Loss from Discontinued Operations, Net of Tax
Income from Discontinued Operations, Net of Tax
Net Income Attributable to Common Shareholders	2,474.2	-103.4	-491.5	-885	-1,477.9	-965.9
Net Income
Basic EPS	2.9	-0.1	-0.6	-1	-1.7	-1.1
Diluted EPS	2.9	-0.1	-0.6	-1	-1.7	-1.1
Basic Weighted Average Shares Outstanding	862.2	864.7	865.5	865.5	865.3	864.5
Total Shares Outstanding	862.1	862.1	862.2	866	865.2	866.2
Diluted Weighted Average Shares Outstanding	872.4	872.9	871.7	865.5	865.3	864.5
EBITDA	2,453.2	1,418.2	1,051.9	636.6	402.3	959.2
Effective Tax Rate	13.6%	-2.3%	-2.2%	1.1%	-25.1%	-56.1%