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Screener / SEC EDGAR /CIK 0001835632 /10-K filed Mar 11, 2026, compared with Mar 12, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
COHRFTNTSNPSMRVLWDAYROP
Nasdaq Technology · Semiconductors

Marvell Technology MRVL

MRVL quote by TradingView

Marvell Technology, Inc., together with its consolidated subsidiaries (“Marvell,” “MTI,” the “Company,” “we,” or “us”) is a leading supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. 10-K, Item 1

Employees
7,480
Headquarters
Wilmington, DE
CEO
Matthew J. Murphy
Next results
around Mar 4, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $8.2B through the costs to a net profit of $2.7B · income statement of the 10-K

16% operating margin
Revenue to Gross profit: $4.2BRevenue to Cost of revenue: $4.0BGross profit to Operating profit: $1.3BGross profit to Operating expenses: $2.9BOperating profit to Net profit: $946.4MOperating profit to Tax: $376.5MOther income to Net profit: $1.7BOperating expenses to R&D: $2.1BOperating expenses to SG&A: $782.6M Revenue: $8.2B REVENUE $8.2B +42% Y/Y Gross profit: $4.2B · 51% margin GROSS PROFIT $4.2B 51% margin · +75% Y/Y Cost of revenue: $4.0B · 49% of revenue COST OF REVENUE $4.0B 49% of revenue Operating profit: $1.3B · 16% margin OPERATING PROFIT $1.3B 16% margin Other income: $1.7B · 21% of revenue OTHER INCOME $1.7B 21% of revenue Operating expenses: $2.9B · 35% of revenue OPERATING EXPENSES $2.9B 35% of revenue Net profit: $2.7B · 33% margin NET PROFIT $2.7B 33% margin Tax: $376.5M · 5% of revenue TAX $376.5M 5% of revenue R&D: $2.1B · 25% of revenue R&D $2.1B 25% of revenue SG&A: $782.6M · 10% of revenue SG&A $782.6M 10% of revenue
Gross profit $4.2B 51% margin · +75% Y/Y
Operating profit $1.3B 16% margin
Net profit $2.7B 33% margin
The full income statement, year by year

MRVL among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 42.1%, above 91% of 74 peers (their median 14.0%) REVENUE GROWTH 42.1% · above 91% Gross margin: 52.2%, above 40% of 67 peers (their median 58.0%) GROSS MARGIN 52.2% · above 40% Operating margin: 16.5%, above 37% of 70 peers (their median 23.8%) OPERATING MARGIN 16.5% · above 37% Net margin: 27.9%, above 70% of 74 peers (their median 18.9%) NET MARGIN 27.9% · above 70% FCF margin: 18.3%, above 39% of 70 peers (their median 23.7%) FCF MARGIN 18.3% · above 39% Return on capital: 4.9%, above 15% of 61 peers (their median 12.7%) RETURN ON CAPITAL 4.9% · above 15%
MRVL Peer median Below the median

What changed

12 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Mar 11, 2026 against Mar 12, 2025.

Risk factors
12 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +112.6% vs revenue +42.1% (+70.5 pts)
10-K · XBRL
Cash from operations lower than net income
Cash from operations $1.8B vs net income $2.7B (FY ending Jan 31, 2026)
10-K · XBRL
Accounting checks
8 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 8 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +112.6% vs revenue +42.1% (+70.5 pts)
  • Cash from operations lower than net income
    Cash from operations $1.8B vs net income $2.7B (FY ending Jan 31, 2026)
  • Inventory +34.8% vs revenue +42.1% (-7.3 pts)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

12 paragraphs in Risk Factors that were not in the 10-K filed Mar 12, 2025. Quoted as filed.

All 12 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    Rapid advances in artificial intelligence (“AI”) and machine learning (“ML”) technologies, including generative AI, could fundamentally alter the semiconductor industry and disrupt our business model and operations. AI-driven tools and platforms are increasingly being deployed across the integrated circuit (“IC”) development lifecycle,…
  2. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    In addition to the above risks related to economic conditions, the U.S. has implemented a series of tariffs targeting various nations and industries. These announcements have triggered global reactions, affecting markets, slowing global economic growth, and heightening concerns about broader financial instability. Tariffs and…
  3. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    In 2025, U.S. government interactions with U.S. semiconductor companies implied that as a condition to obtaining and maintaining export licenses for certain products and technologies destined for China, they remit to the U.S. government a fee equal to fifteen percent (15%) of the gross revenue derived from such China-related sales. In…
  4. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    On April 14, 2025, the BIS announced the initiation of investigations into the effects on U.S. national security of imports of semiconductors under Section 232 of the Trade Expansion Act of 1962. The scope of the investigation includes semiconductors, semiconductor manufacturing equipment, and their derivative products including…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2020 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2020. What happened, from the 10-Ks. Not a forecast.

FY2020 = 100
200 400 100 Revenue: $2.7B in FY2020, $8.2B in FY2026 REVENUE $8.2B · 3.0x Free cash flow: $278.4M in FY2020, $1.4B in FY2026 FREE CASH FLOW $1.4B · 5.0x FY2020 = 100FY2023FY2026
Revenue 3.0x $2.7B to $8.2B
Free cash flow 5.0x $278.4M to $1.4B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$5.9B$5.5B$5.8B$8.2B
Net income−$163.5M−$933.4M−$885.0M$2.7B
Operating cash flow$1.3B$1.4B$1.7B$1.8B
Free cash flow$1.1B$1.0B$1.4B$1.4B

Revenue, FY2020 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$8.2B ▲ 42.1% in FY2026

FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Marvell Technology, Wilmington, DE · from the 10-K filed Mar 11, 2026

Marvell Technology, Inc., together with its consolidated subsidiaries (“Marvell,” “MTI,” the “Company,” “we,” or “us”) is a leading supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. We are a fabless supplier of high-performance semiconductor products with core strengths in developing and scaling complex System-on-a-Chip architectures, integrating analog, mixed-signal and digital signal processing functionality.

Headquarters
Wilmington, DE
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
January 30
Last results
Nov 2, 2026
Incorporated in
DE

Employees, at the top of the page: "The Company employed 7,480 people as of January 31, 2026" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Mar 11, 2026 (open at SEC), compared with the 10-K filed Mar 12, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/MRVL/export.csv") into a cell.