Fundamental analysis · SEC EDGAR · TTM through 02/05/2026

Fundamental analysis of Marvell Technology, Inc.

MRVL · Nasdaq · Technology

Fundamental quality

ATTRACTIVE

87

out of 100

Marvell Technology, Inc. grows profitably: it increases revenue at double digits (22.8% a year) without giving up profitability (net margin 29%). On fundamental quality it scores 87 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Marvell designs infrastructure chips: optical connectivity for data centers and, above all, custom AI chips (ASICs) it designs for cloud giants that don't want to depend solely on NVIDIA.

What will shape its future

  • Custom-chip contracts with hyperscalers (Amazon, Google, Microsoft), its big bet.
  • Optical interconnect, essential for stitching together ever-larger AI clusters.
  • Customer concentration: losing (or winning) a single ASIC program moves the whole needle.

Breakdown by area

I.Growth
87

Revenue growth: 22.8%

II.Profitability
82

Net margin: 29% · ROE: 13.9% · ROIC: 6.3%

III.Financial health
93

Net debt/EBITDA: 0.69x · FCF: 19.1%

Source: SEC EDGAR · TTM through 02/05/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 80%
ROEbeats 44%
Growthbeats 71%
Cash generationbeats 38%
Less debtbeats 49%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Marvell Technology, Inc. strengths

  • Exceptional net margin (29%), high even for its sector: the business is clearly profitable.
  • Strong free-cash-flow generation (FCF margin of 19.1%): profit turns into real cash.
  • Revenue growing strongly (22.8% annualized).
  • It has turned profitable after years of losses.

Marvell Technology, Inc. risks and weaknesses

  • Its net debt has grown over the period.

Marvell Technology, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20212,969-277711444
20224,462-4216503,935
20235,920-1631,0833,581
20245,508-9331,0343,215
20255,767-8851,3973,116
20268,1952,6701,3961,832

Between 2021 and 2026, revenue went from $2,969M to $8,195M (+176%) and net income went from -$277M to $2,670M (+1063%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended May 2, 2026, versus the quarter ended May 3, 2025 (SEC filings):

  • Revenue+27.6%
  • Net income-80.6%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.24

per share, yearly

7.7% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Marvell Technology, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Marvell Technology, Inc. a good company to invest in?

In terms of business quality, Marvell Technology, Inc. scores 87 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Marvell Technology, Inc. a profitable company?

Very. Marvell Technology, Inc. shows a net margin of 29% and an ROE of 13.9%, typical of a highly profitable business.

Does Marvell Technology, Inc. have a lot of debt?

Not particularly. Its net debt is 0.69 times its EBITDA, a low level.

Is Marvell Technology, Inc. growing?

Its revenue has grown 22.8% annualized in recent years.

Does Marvell Technology, Inc. generate cash?

Yes. It converts about 19.1% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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