Wednesday 28 October 2026
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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.
243.13
9.35
+4.00%
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Marvell Technology, Inc. (MRVL) revenue by segment, product and region
Where the money comes from and where it goes
| Reportable Segment | 8,195 | 100.00% |
|---|---|---|
| Gross margin | 51.02% | |
| Operating margin | 16.14% | |
| Pre-tax margin | 37.18% |
Revenue by product or service $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Data center | 6,100 74.44% | 4,164 72.20% | 2,217 40.25% | 2,409 40.69% | 1,785 39.99% | 1,041 35.06% | 824 30.52% |
| Communications and other | 2,094 25.56% | 1,603 27.80% | 3,291 59.75% | — | — | — | — |
| Enterprise networking | — | — | — | 1,369 23.13% | 908 20.34% | 636 21.42% | 570 21.10% |
| Carrier infrastructure | — | — | — | 1,084 18.31% | 820 18.38% | 599 20.19% | 370 13.70% |
| Consumer | — | — | — | 701 11.84% | 700 15.69% | 575 19.36% | 846 31.34% |
| Automotive/industrial | — | — | — | 357 6.02% | 250 5.59% | 118 3.97% | 90 3.34% |
| Revenue | 8,195 | 5,767 | 5,508 | 5,920 | 4,462 | 2,969 | 2,699 |
Revenue by segment $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Reportable Segment | 8,195 100.00% | 5,767 100.00% | 5,508 100.00% | 5,920 100.00% |
| Revenue | 8,195 | 5,767 | 5,508 | 5,920 |
Revenue by region $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| China | 2,970 36.24% | 2,508 43.48% | 2,371 43.05% | 2,486 42.00% | 1,971 44.16% | 1,269 42.74% | 1,071 39.68% |
| Other | 2,393 29.21% | 1,742 30.21% | 2,179 39.57% | 888 15.00% | 478 10.72% | 370 12.45% | 449 16.62% |
| Taiwan | 1,657 20.22% | 561 9.72% | 162 2.94% | 289 4.88% | 161 3.61% | 80 2.69% | — |
| United States | 1,174 14.33% | 957 16.59% | 796 14.45% | 690 11.66% | 484 10.85% | 321 10.83% | 259 9.59% |
| Malaysia | — | — | — | 393 6.64% | 276 6.19% | 254 8.56% | 226 8.39% |
| Thailand | — | — | — | 392 6.62% | 355 7.96% | 251 8.47% | 230 8.53% |
| Singapore | — | — | — | 332 5.60% | 221 4.95% | 108 3.62% | 80 2.97% |
| Japan | — | — | — | 260 4.39% | 223 4.99% | 143 4.80% | 162 6.02% |
| Finland | — | — | — | 190 3.20% | 80 1.80% | 7 0.23% | — |
| Philippines | — | — | — | — | 213 4.78% | 167 5.61% | 222 8.21% |
| Revenue | 8,195 | 5,767 | 5,508 | 5,920 | 4,462 | 2,969 | 2,699 |