Marvell Technology reported revenue of 2417.80M and net income of 34.50M for the quarter ended May 2026, up 27.6% year over year. This income statement covers 25 quarters of results from May 2020 through May 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | May2020 | Aug2020 | Oct2020 | Jan2021 | May2021 | Jul2021 | Oct2021 | Jan2022 | Apr2022 | Jul2022 | Oct2022 | Jan2023 | Apr2023 | Jul2023 | Oct2023 | Feb2024 | May2024 | Aug2024 | Nov2024 | Feb2025 | May2025 | Aug2025 | Nov2025 | Jan2026 | May2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||
| Revenue (Quarter)Revenue (Qtr) | 1,075.90M | 1,211.20M | 1,343.00M | 1,446.90M | 1,516.90M | 1,537.30M | 1,418.50M | 1,321.70M | 1,340.90M | 1,418.60M | 1,426.50M | 1,160.90M | 1,272.90M | 1,516.10M | 1,817.40M | 1,895.30M | 2,006.10M | 2,074.50M | 2,218.70M | 2,417.80M | |||||
| Cost of Revenue (Quarter)Cost of Rev (Qtr) | 704.10M | 623.40M | 656.60M | 696.00M | 730.90M | 760.00M | 745.20M | 764.50M | 819.80M | 867.40M | 762.40M | 633.10M | 685.30M | 1,166.70M | 900.00M | 942.90M | 995.50M | 1,004.70M | 1,070.80M | 1,157.00M | |||||
| Gross Profit (Quarter)Gross Profit (Qtr) | 371.80M | 587.80M | 686.40M | 750.90M | 786.00M | 777.30M | 673.30M | 557.20M | 521.10M | 551.20M | 664.10M | 527.80M | 587.60M | 349.40M | 917.40M | 952.40M | 1,010.60M | 1,069.80M | 1,147.90M | 1,260.80M | |||||
| Operating items | |||||||||||||||||||||||||
| Research & Development (Quarter)R&D (Qtr) | 367.00M | 371.90M | 399.20M | 444.10M | 449.00M | 448.10M | 443.10M | 480.70M | 474.80M | 481.10M | 459.60M | 476.10M | 486.70M | 488.60M | 499.00M | 507.70M | 519.00M | 512.50M | 536.00M | 652.30M | |||||
| Selling, General & Administrative (Quarter)SG&A (Qtr) | 259.20M | 243.40M | 251.20M | 235.70M | 211.70M | 207.80M | 203.40M | 199.00M | 210.00M | 213.00M | 212.00M | 199.90M | 197.30M | 205.30M | 195.70M | 186.40M | 192.80M | 189.90M | 198.00M | 258.40M | |||||
| Restructuring Costs (Quarter)Restructuring (Qtr) | 12.30M | 5.90M | -31.10M | 1.30M | 85.00M | 15.60M | 59.90M | 42.00M | -105.30M | 4.10M | 4.00M | 97.80M | -105.90M | ||||||||||||
| Other Operating Expenses (Quarter)Other Opex (Qtr) | 32.40M | 1.20M | 3.50M | 3.40M | 131.10M | 260.50M | 93.40M | -12.30M | 8.70M | 9.60M | 9.50M | 10.70M | |||||||||||||
| Operating Expenses (Quarter)Opex (Qtr) | 638.50M | 621.20M | 651.70M | 681.10M | 746.90M | 671.50M | 650.00M | 739.60M | 726.80M | 697.50M | 697.40M | 680.10M | 688.00M | 1,052.20M | 682.20M | 681.80M | 720.50M | 712.00M | 743.50M | 921.40M | |||||
| Operating Income (Quarter)Op. Inc (Qtr) | -266.70M | -33.40M | 34.70M | 69.80M | 39.10M | 105.80M | 23.30M | -182.40M | -205.70M | -146.30M | -33.30M | -152.30M | -100.40M | -702.80M | 235.20M | 270.60M | 290.10M | 357.80M | 404.40M | 339.40M | |||||
| EBIT (Quarter)EBIT (Qtr) | -266.70M | -33.40M | 34.70M | 69.80M | 39.10M | 105.80M | 23.30M | -182.40M | -205.70M | -146.30M | -33.30M | -152.30M | -100.40M | -702.80M | 235.20M | 270.60M | 290.10M | 357.80M | 404.40M | 339.40M | |||||
| Non-operating items | |||||||||||||||||||||||||
| Interest & Investment Income (Quarter)Int & Inv Inc (Qtr) | 0.20M | 0.20M | 0.20M | 0.50M | 0.80M | 1.50M | 14.90M | 2.80M | 7.90M | 11.40M | -1.40M | 3.30M | 2.60M | -0.50M | 9.60M | ||||||||||
| Other Non Operating Income (Quarter)Other Non Op Inc. (Qtr) | -1.70M | 1.00M | 2.20M | 5.20M | 3.70M | 3.20M | 0.30M | 0.30M | 6.30M | 9.70M | 4.40M | 3.30M | 2.60M | -0.50M | 9.60M | -6.00M | -4.50M | 1,908.80M | 28.00M | -203.30M | |||||
| Non Operating Income (Quarter)Non Op. Inc. (Qtr) | -35.30M | -34.20M | -32.60M | -30.60M | -35.30M | -40.50M | -46.50M | -49.90M | -45.90M | -41.20M | -54.00M | -45.50M | -45.80M | -47.70M | -35.40M | -54.70M | -56.40M | 1,857.60M | -22.80M | -256.10M | |||||
| Net income details | |||||||||||||||||||||||||
| EBT (Quarter)EBT (Qtr) | -302.00M | -67.60M | 2.10M | 39.20M | 3.80M | 65.30M | -23.20M | -232.30M | -251.60M | -187.50M | -87.30M | -197.80M | -146.20M | -750.50M | 199.80M | 215.90M | 233.70M | 2,215.40M | 381.60M | 83.30M | |||||
| Tax Provisions (Quarter)Taxes (Qtr) | -25.60M | -5.00M | -4.10M | 204.90M | -0.50M | 52.00M | -7.80M | -63.40M | -44.10M | -23.20M | 305.40M | 17.80M | 47.10M | -74.20M | -0.40M | 38.00M | 38.90M | 314.10M | -14.50M | 48.80M | |||||
| Profit After Tax (Quarter)PAT (Qtr) | -276.40M | -62.60M | 6.20M | -165.70M | 4.30M | 13.30M | -15.40M | -168.90M | -207.50M | -164.30M | -392.70M | -215.60M | -193.30M | -676.30M | 200.20M | 177.90M | 194.80M | 1,901.30M | 396.10M | 34.50M | |||||
| Income from Continuing Operations (Quarter)Income (Continuing) (Qtr) | -276.40M | -62.60M | 6.20M | -165.70M | 4.30M | 13.30M | -15.40M | -168.90M | -207.50M | -164.30M | -392.70M | -215.60M | -193.30M | -676.30M | 200.20M | 177.90M | 194.80M | 1,901.30M | 396.10M | 34.50M | |||||
| Consolidated Net Income (Quarter)Consol Net Inc. (Qtr) | -276.40M | -62.60M | 6.20M | -165.70M | 4.30M | 13.30M | -15.40M | -168.90M | -207.50M | -164.30M | -392.70M | -215.60M | -193.30M | -676.30M | 200.20M | 177.90M | 194.80M | 1,901.30M | 396.10M | 34.50M | |||||
| Income towards Parent Company (Quarter)Parent Net Inc (Qtr) | -276.40M | -62.60M | 6.20M | -165.70M | 4.30M | 13.30M | -15.40M | -168.90M | -207.50M | -164.30M | -392.70M | -215.60M | -193.30M | -676.30M | 200.20M | 177.90M | 194.80M | 1,901.30M | 396.10M | 34.50M | |||||
| Net Income towards Common Stockholders (Quarter)Net Income (Qtr) | -276.40M | -62.60M | 6.20M | -165.70M | 4.30M | 13.30M | -15.40M | -168.90M | -207.50M | -164.30M | -392.70M | -215.60M | -193.30M | -676.30M | 200.20M | 177.90M | 194.80M | 1,901.30M | 396.10M | 34.50M | |||||
| Additional items | |||||||||||||||||||||||||
| EPS (Basic) (Quarter)EPS (Basic) (Qtr) | -0.34 | -0.08 | 0.01 | -0.20 | 0.01 | 0.02 | -0.02 | -0.20 | -0.24 | -0.19 | -0.46 | -0.25 | -0.22 | -0.78 | 0.23 | 0.21 | 0.23 | 2.22 | 0.46 | 0.04 | |||||
| EPS (Diluted) (Quarter)EPS (Diluted) (Qtr) | -0.34 | -0.08 | 0.01 | -0.20 | 0.01 | 0.02 | -0.02 | -0.20 | -0.24 | -0.19 | -0.46 | -0.25 | -0.22 | -0.78 | 0.23 | 0.20 | 0.22 | 2.20 | 0.46 | 0.04 | |||||
| Shares Outstanding (Quarter)Shares Outstanding (Qtr) | 821.06M | 828.63M | 796.86M | 848.00M | 850.90M | 852.60M | 851.40M | 856.70M | 860.90M | 862.60M | 861.30M | 865.00M | 865.70M | 865.70M | 865.50M | 864.80M | 862.60M | 855.80M | 861.00M | 882.00M | |||||
| Shares Outstanding (Diluted) (Quarter)Shares Outstanding (Dil.) (Qtr) | 821.06M | 828.63M | 796.86M | 848.00M | 857.90M | 858.40M | 851.40M | 856.70M | 860.90M | 862.60M | 861.30M | 865.00M | 865.70M | 865.70M | 865.50M | 875.60M | 870.40M | 863.70M | 869.70M | 893.30M | |||||
| Shares Outstanding (Entity) (Quarter)Shares Outstanding (Entity.) (Qtr) | 823.38M | 841.54M | 846.70M | 850.50M | 852.50M | 853.10M | 856.10M | 859.90M | 863.30M | 864.30M | 865.50M | 865.50M | 866.20M | 865.20M | 866.00M | 862.20M | 862.10M | 848.60M | 847.30M | 875.60M | |||||
| EBITDA (Quarter)EBITDA (Qtr) | -266.70M | -33.40M | 34.70M | 69.80M | 39.10M | 105.80M | 23.30M | -182.40M | -205.70M | -146.30M | -33.30M | -152.30M | -100.40M | -702.80M | 235.20M | 270.60M | 290.10M | 357.80M | 404.40M | 339.40M | |||||
| Interest Expenses (Quarter)Int Expense (Qtr) | 859.92M | 902.28M | 35.00M | 788.00M | 817.40M | 818.60M | 26.60M | 264.60M | 264.60M | 273.20M | 59.70M | 113.10M | 138.20M | 129.00M | 45.00M | 106.80M | 106.80M | 106.80M | 25.90M | 60.80M | |||||
| Tax Rate (Quarter)Tax Rate (Qtr) | 8.48% | 7.40% | -195.24% | 522.70% | -13.16% | 79.63% | 33.62% | 27.29% | 17.53% | 12.37% | -349.83% | -9.00% | -32.22% | 9.89% | -0.20% | 17.60% | 16.65% | 14.18% | -3.80% | 58.58% |