
Marvell Technology Group Ltd
NASDAQ:MRVL

Income Statement
Earnings Waterfall
Marvell Technology Group Ltd
Revenue
|
5.8B
USD
|
Cost of Revenue
|
-3.4B
USD
|
Gross Profit
|
2.4B
USD
|
Operating Expenses
|
-2.7B
USD
|
Operating Income
|
-366.4m
USD
|
Other Expenses
|
-518.6m
USD
|
Net Income
|
-885m
USD
|
Income Statement
Marvell Technology Group Ltd
Jan-2015 | May-2015 | Aug-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Feb-2018 | May-2018 | Aug-2018 | Nov-2018 | Feb-2019 | May-2019 | Aug-2019 | Nov-2019 | Feb-2020 | May-2020 | Aug-2020 | Oct-2020 | Jan-2021 | May-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Feb-2024 | May-2024 | Aug-2024 | Nov-2024 | Feb-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 707
N/A
|
3 473
-6%
|
3 222
-7%
|
2 967
-8%
|
2 602
-12%
|
2 392
-8%
|
2 279
-5%
|
2 227
-2%
|
2 301
+3%
|
2 360
+3%
|
2 367
+0%
|
2 360
0%
|
2 409
+2%
|
2 441
+1%
|
2 502
+2%
|
2 736
+9%
|
2 866
+5%
|
2 924
+2%
|
2 915
0%
|
2 726
-6%
|
2 699
-1%
|
2 730
+1%
|
2 801
+3%
|
2 889
+3%
|
2 969
+3%
|
3 108
+5%
|
3 456
+11%
|
3 917
+13%
|
4 462
+14%
|
5 077
+14%
|
5 518
+9%
|
5 844
+6%
|
5 920
+1%
|
5 794
-2%
|
5 618
-3%
|
5 500
-2%
|
5 508
+0%
|
5 347
-3%
|
5 279
-1%
|
5 376
+2%
|
5 767
+7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 844)
|
(1 701)
|
(1 685)
|
(1 599)
|
(1 396)
|
(1 285)
|
(1 093)
|
(991)
|
(1 018)
|
(1 005)
|
(974)
|
(946)
|
(947)
|
(949)
|
(998)
|
(1 227)
|
(1 407)
|
(1 479)
|
(1 497)
|
(1 352)
|
(1 342)
|
(1 408)
|
(1 470)
|
(1 517)
|
(1 481)
|
(1 528)
|
(1 864)
|
(2 118)
|
(2 399)
|
(2 680)
|
(2 707)
|
(2 843)
|
(2 932)
|
(3 001)
|
(3 090)
|
(3 197)
|
(3 214)
|
(3 083)
|
(2 948)
|
(3 248)
|
(3 385)
|
|
Gross Profit |
1 863
N/A
|
1 772
-5%
|
1 537
-13%
|
1 368
-11%
|
1 207
-12%
|
1 107
-8%
|
1 185
+7%
|
1 236
+4%
|
1 283
+4%
|
1 355
+6%
|
1 393
+3%
|
1 414
+1%
|
1 462
+3%
|
1 492
+2%
|
1 504
+1%
|
1 510
+0%
|
1 458
-3%
|
1 444
-1%
|
1 418
-2%
|
1 374
-3%
|
1 357
-1%
|
1 322
-3%
|
1 331
+1%
|
1 372
+3%
|
1 488
+8%
|
1 580
+6%
|
1 592
+1%
|
1 799
+13%
|
2 063
+15%
|
2 397
+16%
|
2 811
+17%
|
3 001
+7%
|
2 988
0%
|
2 794
-6%
|
2 529
-9%
|
2 303
-9%
|
2 294
0%
|
2 264
-1%
|
2 331
+3%
|
2 129
-9%
|
2 382
+12%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 444)
|
(1 431)
|
(1 423)
|
(1 383)
|
(1 233)
|
(1 159)
|
(1 080)
|
(1 023)
|
(1 057)
|
(1 018)
|
(980)
|
(941)
|
(957)
|
(949)
|
(1 026)
|
(1 168)
|
(1 287)
|
(1 422)
|
(1 462)
|
(1 484)
|
(1 491)
|
(1 515)
|
(1 539)
|
(1 525)
|
(1 523)
|
(1 570)
|
(1 807)
|
(2 049)
|
(2 233)
|
(2 555)
|
(2 594)
|
(2 635)
|
(2 518)
|
(2 643)
|
(2 667)
|
(2 705)
|
(2 730)
|
(2 727)
|
(2 726)
|
(2 726)
|
(2 749)
|
|
Selling, General & Administrative |
(269)
|
(276)
|
(277)
|
(273)
|
(279)
|
(267)
|
(269)
|
(265)
|
(251)
|
(242)
|
(231)
|
(229)
|
(239)
|
(240)
|
(280)
|
(303)
|
(328)
|
(347)
|
(326)
|
(364)
|
(366)
|
(390)
|
(415)
|
(408)
|
(433)
|
(480)
|
(634)
|
(765)
|
(545)
|
(973)
|
(930)
|
(895)
|
(734)
|
(822)
|
(820)
|
(825)
|
(834)
|
(835)
|
(822)
|
(815)
|
(798)
|
|
Research & Development |
(1 159)
|
(1 143)
|
(1 134)
|
(1 098)
|
(954)
|
(895)
|
(817)
|
(766)
|
(806)
|
(776)
|
(750)
|
(711)
|
(718)
|
(709)
|
(743)
|
(839)
|
(900)
|
(984)
|
(1 035)
|
(1 042)
|
(1 070)
|
(1 088)
|
(1 095)
|
(1 079)
|
(1 059)
|
(1 083)
|
(1 177)
|
(1 297)
|
(1 404)
|
(1 582)
|
(1 664)
|
(1 740)
|
(1 784)
|
(1 821)
|
(1 847)
|
(1 880)
|
(1 896)
|
(1 892)
|
(1 904)
|
(1 911)
|
(1 950)
|
|
Depreciation & Amortization |
(16)
|
(12)
|
(12)
|
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(32)
|
(59)
|
(91)
|
(102)
|
0
|
(56)
|
(37)
|
(30)
|
(39)
|
(30)
|
0
|
0
|
0
|
(285)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
3
|
5
|
8
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
6
|
0
|
0
|
0
|
(77)
|
0
|
0
|
0
|
0
|
0
|
(7)
|
4
|
13
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
419
N/A
|
341
-19%
|
115
-66%
|
(14)
N/A
|
(27)
-86%
|
(52)
-93%
|
105
N/A
|
213
+103%
|
226
+6%
|
337
+49%
|
413
+23%
|
474
+15%
|
505
+7%
|
543
+7%
|
478
-12%
|
342
-28%
|
171
-50%
|
22
-87%
|
(44)
N/A
|
(109)
-146%
|
(134)
-23%
|
(193)
-43%
|
(208)
-8%
|
(153)
+26%
|
(35)
+77%
|
10
N/A
|
(215)
N/A
|
(250)
-16%
|
(170)
+32%
|
(158)
+7%
|
217
N/A
|
366
+69%
|
469
+28%
|
151
-68%
|
(138)
N/A
|
(402)
-192%
|
(437)
-9%
|
(462)
-6%
|
(395)
+15%
|
(597)
-51%
|
(366)
+39%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
4
|
11
|
16
|
20
|
18
|
17
|
17
|
17
|
20
|
18
|
14
|
18
|
21
|
(1)
|
(23)
|
(48)
|
(74)
|
(81)
|
(80)
|
(84)
|
(77)
|
(72)
|
(68)
|
(69)
|
(86)
|
(104)
|
(124)
|
(140)
|
(139)
|
(145)
|
(153)
|
(165)
|
(180)
|
(193)
|
(200)
|
(203)
|
(198)
|
(192)
|
(189)
|
(174)
|
|
Non-Reccuring Items |
(10)
|
(11)
|
(679)
|
(724)
|
(718)
|
(722)
|
(55)
|
(11)
|
(97)
|
(93)
|
(97)
|
(99)
|
(74)
|
(90)
|
(152)
|
(187)
|
(128)
|
(125)
|
(96)
|
(73)
|
1 013
|
(126)
|
(215)
|
(218)
|
(224)
|
(255)
|
(145)
|
(134)
|
(178)
|
(38)
|
(107)
|
(116)
|
(231)
|
(165)
|
(121)
|
(109)
|
(131)
|
(75)
|
(37)
|
(392)
|
(354)
|
|
Total Other Income |
23
|
22
|
9
|
5
|
(3)
|
(3)
|
(3)
|
(2)
|
1
|
1
|
5
|
8
|
2
|
5
|
(1)
|
(9)
|
1
|
(1)
|
(1)
|
3
|
4
|
1 126
|
1 128
|
1 128
|
5
|
0
|
(1)
|
(0)
|
4
|
7
|
12
|
14
|
12
|
8
|
10
|
17
|
12
|
12
|
5
|
(4)
|
0
|
|
Pre-Tax Income |
432
N/A
|
356
-18%
|
(543)
N/A
|
(718)
-32%
|
(728)
-1%
|
(759)
-4%
|
64
N/A
|
217
+239%
|
147
-32%
|
265
+80%
|
340
+28%
|
397
+17%
|
451
+14%
|
479
+6%
|
324
-32%
|
124
-62%
|
(5)
N/A
|
(178)
-3 735%
|
(223)
-25%
|
(259)
-16%
|
798
N/A
|
732
-8%
|
633
-14%
|
689
+9%
|
(322)
N/A
|
(330)
-2%
|
(465)
-41%
|
(508)
-9%
|
(483)
+5%
|
(328)
+32%
|
(23)
+93%
|
110
N/A
|
85
-23%
|
(186)
N/A
|
(442)
-137%
|
(695)
-57%
|
(759)
-9%
|
(724)
+5%
|
(619)
+15%
|
(1 182)
-91%
|
(895)
+24%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
3
|
(6)
|
(17)
|
(16)
|
(11)
|
(1)
|
10
|
(2)
|
(73)
|
(83)
|
(85)
|
(76)
|
(18)
|
(17)
|
9
|
7
|
(174)
|
(178)
|
(197)
|
(190)
|
786
|
788
|
787
|
790
|
45
|
78
|
94
|
98
|
62
|
(170)
|
(195)
|
(252)
|
(249)
|
20
|
63
|
139
|
(175)
|
(256)
|
(347)
|
(296)
|
10
|
|
Income from Continuing Operations |
435
|
350
|
(561)
|
(734)
|
(738)
|
(760)
|
75
|
216
|
75
|
182
|
255
|
321
|
433
|
462
|
333
|
130
|
(179)
|
(356)
|
(420)
|
(449)
|
1 584
|
1 520
|
1 419
|
1 479
|
(277)
|
(253)
|
(371)
|
(411)
|
(421)
|
(498)
|
(218)
|
(142)
|
(164)
|
(167)
|
(379)
|
(556)
|
(933)
|
(980)
|
(966)
|
(1 478)
|
(885)
|
|
Net Income (Common) |
435
N/A
|
350
-20%
|
(561)
N/A
|
(734)
-31%
|
(811)
-11%
|
(848)
-5%
|
(25)
+97%
|
105
N/A
|
21
-80%
|
150
+611%
|
264
+76%
|
392
+48%
|
521
+33%
|
543
+4%
|
384
-29%
|
130
-66%
|
(179)
N/A
|
(356)
-99%
|
(420)
-18%
|
(449)
-7%
|
1 584
N/A
|
1 520
-4%
|
1 419
-7%
|
1 479
+4%
|
(277)
N/A
|
(253)
+9%
|
(371)
-47%
|
(411)
-11%
|
(421)
-3%
|
(498)
-18%
|
(218)
+56%
|
(142)
+35%
|
(164)
-15%
|
(167)
-2%
|
(379)
-127%
|
(556)
-47%
|
(933)
-68%
|
(980)
-5%
|
(966)
+1%
|
(1 478)
-53%
|
(885)
+40%
|
|
EPS (Diluted) |
0.84
N/A
|
0.68
-19%
|
-1.08
N/A
|
-1.45
-34%
|
-1.58
-9%
|
-1.66
-5%
|
-0.04
+98%
|
0.2
N/A
|
0.04
-80%
|
0.29
+625%
|
0.51
+76%
|
0.77
+51%
|
1.02
+32%
|
1.06
+4%
|
0.68
-36%
|
0.19
-72%
|
-0.3
N/A
|
-0.54
-80%
|
-0.64
-19%
|
-0.68
-6%
|
2.34
N/A
|
2.29
-2%
|
2.12
-7%
|
2.2
+4%
|
-0.41
N/A
|
-0.38
+7%
|
-0.45
-18%
|
-0.49
-9%
|
-0.53
-8%
|
-0.58
-9%
|
-0.26
+55%
|
-0.16
+38%
|
-0.19
-19%
|
-0.19
N/A
|
-0.44
-132%
|
-0.65
-48%
|
-1.08
-66%
|
-1.13
-5%
|
-1.11
+2%
|
-1.7
-53%
|
-1.02
+40%
|