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NASDAQ NMS - GLOBAL MARKET · Semiconductors · CIK 0001835632
$223.47
-8.70% · delayed ~15 min
Last price from Oct 22, 2026
$189.35B market value
From Marvell Technology, Inc.'s FY2026 10-K, filed Mar 11, 2026 · read the filing
Marvell Technology designs and makes computer chips. It took in $8.19B last year, which makes it a mid-sized company. Of every dollar it sells, about 33 cents is left as profit.
The financial picture is led by profitability, growth and debt, while accounting remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Its accounting patterns resemble those of companies that later restated earnings. This is a statistical screen, not evidence of wrongdoing.
Beneish M-Score -1.60, above the −1.78 threshold
Recent open-market selling by Scarpulla Justin, not under a pre-arranged plan.
$300.9K sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From Marvell Technology, Inc.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Revenue
$5.77B → $8.19B
Gross profit
$2.38B → $4.18B
Operating income
-$720.3M → $1.32B
Profit
-$885.0M → $2.67B
Measured against FY2025, from the 10-K filed Mar 11, 2026
Improved: +42.1%
$5.77B to $8.19BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote delayed ~15 min), and what was published around it
MRVL fell 8.70% on the latest quote. The average Technology company tracked here moved −1.27%, and the S&P 500 −1.04%. That is 7.4 points below its sector and 7.7 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 32% a year for the next 10 years. Over the last 6 years it grew by about 31% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 33 cents of every dollar of sales as profit, earning $2.67B last year.
Yes, quickly. Sales grew 42.1% last year.
No. At its current cash flow it could clear its debt in about 1.0 years. For every $1 it owes, it owns $2.79 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 8 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 12% of the cash its operations generated. It has paid in each of the last 7 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2026 annual filing
Last year it earned $2.67B and generated $1.75B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Mar 11, 2026Filing for FY2026 | FY202510-K · Mar 12, 2025Filing for FY2025 | FY202410-K · Mar 13, 2024Filing for FY2024 | FY202310-K · Mar 13, 2024Filing for FY2023 | FY202210-K · Mar 13, 2024Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $8.19B | $5.77B | $5.51B | $5.92B | $4.46B | +42.1% |
| Cost of revenue | $4.01B | $3.39B | $3.21B | $2.93B | $2.40B | +18.6% |
| Gross profit | $4.18B | $2.38B | $2.29B | $2.99B | $2.06B | +75.5% |
| Gross marginGross profit ÷ revenueWhat is this? | 51.0% | 41.3% | 41.6% | 50.5% | 46.3% | +9.7 pts |
| Selling, general and administrative | $767.1M | $798.2M | $834.0M | $843.6M | $955.3M | −3.9% |
| Operating income | $1.32B | -$720.3M | -$567.7M | $238.0M | -$347.7M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | 16.1% | -12.5% | -10.3% | 4.0% | -7.8% | +28.6 pts |
| Interest expense | $187.3M | $183.0M | $211.7M | $170.6M | $139.3M | +2.3% |
| Income before tax | $3.05B | -$894.7M | -$758.7M | $85.1M | -$483.5M | n/m |
| Net income | $2.67B | -$885.0M | -$933.4M | -$163.5M | -$421.0M | n/m |
| Net marginNet income ÷ revenueWhat is this? | 32.6% | -15.3% | -16.9% | -2.8% | -9.4% | +47.9 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $3.15 | $-1.02 | $-1.08 | $-0.191 | $-0.4972 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| MRVLMarvell Technology, Inc. · this page | 8.0/10 | 8/9 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 7,500 shares at $235.47 ($1.8M)
Holds 768,186 shares after this filing.
Exercised stock options — 6,968 shares
Holds 775,154 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Reported another event
Read the filingQuarterly report for Q2 FY2027
Revenue +36.5% · Operating margin +2.3 pts · Gross profit +44.0% — against Q2 FY2026
Read the filingWrite down why you are following Marvell Technology, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 52 subsidiaries named in its 10-K, incorporated across 24 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from MRVL's 10-K for fiscal year 2026 (period ending 2026-01-31, filed Mar 11, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 8.0 | 8/9 | 10-K, filed Mar 11, 2026 |
| FY2025 | 5.0 | 5/9 | 10-K, filed Mar 12, 2025 |
| FY2024 | 4.0 | 4/9 | 10-K, filed Mar 13, 2024 |
| FY2023 | 6.0 | 7/9 | 10-K, filed Mar 9, 2023 |
| FY2022 | 4.7 | 3/9 | 10-K, filed Mar 9, 2023 |
| FY2021 | 3.3 | 3/5 | 10-K, filed Mar 10, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
8 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
15.07
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-1.60
Above the threshold — worth a closer look
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +75.5%
$2.38B to $4.18BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: turned positive
-$720.3M to $1.32BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$885.0M to $2.67BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +9.7 pts
41.3% to 51.0%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +28.6 pts
-12.5% to 16.1%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +47.9 pts
-15.3% to 32.6%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: turned positive
-$1.02 to $3.15Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +178.3%
$948.3M to $2.64BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +24.4%
$284.6M to $354.1MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: -2.2%
866.0M to 847.3MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2027 against Q2 FY2026, from the 10-Q filed Aug 28, 2026 — read it.
Improved: +44.0%
$1.01B to $1.46BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +58.5%
$290.1M to $459.7MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +58.1%
$194.8M to $308.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +52.0%
$0.23 to $0.34Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +221.2%
$1.22B to $3.93BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +36.5%
$2.01B to $2.74BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: +25.1%
$3.97B to $4.96BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +2.8 pts
50.4% to 53.1%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +2.3 pts
14.5% to 16.8%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.5 pts
9.7% to 11.2%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +4.0%
862.6M to 897.4MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2027 against Q1 FY2027, from the 10-Q filed Aug 28, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +792.8%
$34.5M to $308.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +9.8 pts
1.4% to 11.2%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +777.4%
$0.04 to $0.34Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +15.5%
$1.26B to $1.46BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +35.4%
$339.4M to $459.7MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +13.3%
$2.42B to $2.74BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +2.7 pts
14.0% to 16.8%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: +1.7%
882.0M to 897.4MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 29% and 34%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 51 analysts covering this company, as of . Their views, not this site's.
Of 51 analysts publishing on this company, 13 say strong buy, 32 say buy and 6 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.8% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 77.6x — a high multiple relative to the current trailing profit.
Some accounting patterns here resemble those found in companies that overstated earnings. This is a statistical flag, not evidence of wrongdoing — it is a prompt to read the filings closely.
| 42.1% |
| 32.6% |
| 70.91x |
| 0.56x |
| TXNTEXAS INSTRUMENTS INC | 9.0/10 | 7/9 | 13.0% | 28.3% | 50.88x | 1.13x |
|---|
| ADIANALOG DEVICES INC | 10.0/10 | 8/9 | 16.9% | 20.6% | 83.31x | 0.42x |
|---|
| QCOMQUALCOMM INC/DE | 9.0/10 | 6/9 | 13.7% | 12.5% | 33.50x | 1.36x |
|---|
| MPWRMONOLITHIC POWER SYSTEMS, INC. | 10.0/10 | 6/8 | 26.4% | 22.3% | 91.54x | 0.19x |
|---|
| MCHPMICROCHIP TECHNOLOGY INC | 7.0/10 | 7/9 | 7.1% | 4.9% | 175.63x | 1.23x |
|---|
| ONON SEMICONDUCTOR CORP | 6.0/10 | 4/9 | -15.3% | 2.0% | 240.11x | 0.63x |
|---|
| Median of peers | 9.0/10 | — | 13.4% | 16.5% | 87.42x | 0.88x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Had shares withheld to cover taxes — 3,669 shares at $241.24 ($885.1K)
Holds 771,485 shares after this filing.
Exercised stock options — 8,409 shares
Holds 779,894 shares after this filing.
Had shares withheld to cover taxes — 4,428 shares at $241.24 ($1.1M)
Holds 775,466 shares after this filing.
Exercised stock options — 6,120 shares
Holds 781,586 shares after this filing.
Had shares withheld to cover taxes — 3,223 shares at $241.24 ($777.5K)
Holds 778,363 shares after this filing.
Exercised stock options — 1,394 shares
Holds 3,810 shares after this filing.
Had shares withheld to cover taxes — 734 shares at $241.24 ($177.1K)
Holds 3,076 shares after this filing.
Exercised stock options — 1,529 shares
Holds 4,605 shares after this filing.
Had shares withheld to cover taxes — 806 shares at $241.24 ($194.4K)
Holds 3,799 shares after this filing.
Exercised stock options — 1,190 shares
Holds 4,989 shares after this filing.
Had shares withheld to cover taxes — 627 shares at $241.24 ($151.3K)
Holds 4,362 shares after this filing.
Exercised stock options — 2,462 shares
Holds 59,601 shares after this filing.
Had shares withheld to cover taxes — 1,297 shares at $241.24 ($312.9K)
Holds 58,304 shares after this filing.
Exercised stock options — 3,568 shares
Holds 61,872 shares after this filing.
Had shares withheld to cover taxes — 1,879 shares at $241.24 ($453.3K)
Holds 59,993 shares after this filing.
Exercised stock options — 1,757 shares
Holds 61,750 shares after this filing.
Had shares withheld to cover taxes — 926 shares at $241.24 ($223.4K)
Holds 60,824 shares after this filing.
Exercised stock options — 3,400 shares
Holds 64,224 shares after this filing.
Had shares withheld to cover taxes — 1,791 shares at $241.24 ($432.1K)
Holds 62,433 shares after this filing.
Sold on the open market — 3,685 shares at $234.97 ($865.9K)
Holds 58,748 shares after this filing.
Exercised stock options — 2,788 shares
Holds 210,729 shares after this filing.
Had shares withheld to cover taxes — 1,468 shares at $241.24 ($354.1K)
Holds 209,261 shares after this filing.
Exercised stock options — 4,077 shares
Holds 213,338 shares after this filing.
Had shares withheld to cover taxes — 2,147 shares at $241.24 ($517.9K)
Holds 211,191 shares after this filing.
Exercised stock options — 3,400 shares
Holds 214,591 shares after this filing.
Had shares withheld to cover taxes — 1,791 shares at $241.24 ($432.1K)
Holds 212,800 shares after this filing.
Exercised stock options — 510 shares
Holds 1,419 shares after this filing.
Had shares withheld to cover taxes — 253 shares at $241.24 ($61.0K)
Holds 1,166 shares after this filing.
Sold on the open market — 1,100 shares at $273.59 ($300.9K)
Holds 909 shares after this filing.
Sold on the open market — 10,000 shares at $262.05 ($2.6M)
Holds 207,941 shares after this filing.
Exercised stock options — 6,469 shares
Holds 13,371 shares after this filing.
Had shares withheld to cover taxes — 3,408 shares at $221.70 ($755.6K)
Holds 9,963 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 3,685 shares ($865.9K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 1,100 shares ($300.9K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 10,000 shares ($2.6M) on or after .
Shares originally obtained via Performance Shares.
Filed notice to sell 10,000 shares ($2.0M) on or after .
Shares originally obtained via Performance Shares.
Filed notice to sell 22,500 shares ($5.3M) on or after .
Shares originally obtained via Acquired as compensation -- Performance Awards.
Filed notice to sell 10,000 shares ($1.8M) on or after .
Shares originally obtained via Performance Shares.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Signed a material agreement · Sold shares outside a public offering
Read the filingReported another event
Read the filingHeld a shareholder vote · Reported another event
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2027
Revenue +27.6% · Profit margin −8.0 pts · Profit -80.6% — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingSigned a material agreement · Reported another event
Read the filingSold shares outside a public offering · Amended its charter or changed its financial year · Made a Regulation FD disclosure
Read the filingReported another event
Read the filingReported another event
Read the filingAnnual report for FY2026
Revenue +42.1% · Operating margin +28.6 pts · Gross profit +75.5% — against FY2025
Read the filingPublished results
Read the filingReported another event
Read the filingReported another event
Read the filingSold shares outside a public offering
Read the filingReported another event
Read the filingThe first 40 of 52. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-03-11. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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