Pricing Log in Create free account
Friday 23 October 2026 Export MRVL’s income statement to Excel — free account

Marvell Technology, Inc.

MRVL Technology Semiconductors

Marvell Technology, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $8.2 billion, up 42.1% from fiscal 2025. In the quarter to July 2026, revenue grew 36.6%, EPS grew 47.8%, free cash flow grew 14.5% and total debt rose 11.1%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, operating cash flow growth for five.

223.34 21.42 −8.75%
Market cap
$196.0B
P/E
72.7×
Fwd P/E
127×
Dividend yield
0.11%
F-score
8/9
Altman Z
5.93
Beneish M
−1.59
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Marvell Technology, Inc. (MRVL) Piotroski F-score

Alert me on Piotroski F-score

Marvell Technology, Inc.'s Piotroski F-score for fiscal 2026 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2025.

Piotroski F-score, annual

Embed this chart

Annual newest first

Period Piotroski F-score Change (points)
FY2026 8 5.00
FY2025 3 0.00
FY2024 3 (2.00)
FY2023 5 1.00
FY2022 4 0.00
FY2021 4 0.00
FY2020 4 2.00
FY2019 2 (6.00)
FY2018 8 3.00
FY2017 5 —

How fiscal 2026’s score is made up

Test This year Year before Result Points
Positive return on assets 12.57% (4.27%) Pass 1
Positive operating cash flow 1.75b 1.68b Pass 1
Rising return on assets 12.57% (4.27%) Pass 1
Cash flow above net income (919.60m) 2.57b Fail 0
Falling long-term leverage 0.19 0.19 Pass 1
Rising current ratio 2.01 1.54 Pass 1
No new shares issued 861,000,000 865,500,000 Pass 1
Rising gross margin 51.02% 41.31% Pass 1
Rising asset turnover 0.39 0.28 Pass 1
Piotroski F-score Strong — most fundamentals improved 8

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

Company Piotroski F-score
ADI Analog Devices, Inc. compare 8
MRVL Marvell Technology, Inc. 8
ARM ARM Holdings PLC Sponsored ADR compare 7
TXN Texas Instruments Incorporated compare 7
INTC Intel Corporation compare 6
QCOM QUALCOMM Incorporated compare 6
MPWR Monolithic Power Systems, Inc. compare 6
ASX ASE Technology Holding Co., Ltd. compare 6
NXPI NXP Semiconductors N.V. compare 4

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

More on MRVL