# Marvell Technology, Inc. Common Stock (MRVL) — Stock CV

Marvell Technology, Inc. is a $247B technology company. Revenue grew 30.6% over the last year, it keeps 28¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 91.4× earnings — near the highest of its own history.

> Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

## Identity

- **Ticker**: MRVL
- **Sector**: Technology
- **Industry**: Semiconductors & Related Devices
- **Headquarters**: WILMINGTON, DE
- **Employees**: 7 480
- **Website**: https://www.marvell.com
- **Market cap**: $247B
- **Last price**: $274.83
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $9.45B
- **Net income**: $2.64B
- **Free cash flow**: $1.73B
- **Net cash**: $2.14B
- **P/E**: 91.4
- **Revenue growth (YoY)**: 30.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 5 |
| Growth | 45 |
| Profitability | 90 |
| Health | 75 |
| Quality | 62 |
| Moat | 45 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +30.6% YoY
- [x] Profitable — $2.64B TTM
- [x] Profit growing — +401.7% YoY
- [x] Generates cash — $1.73B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $247B market cap
- [x] Not printing shares — +9.1% shares over ~5y
- [ ] Proven track record — 1/5 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 0.09%
- [ ] Valuation not extreme — P/E 91.4

## Experience (career milestones)

- **FY2026** — Turned profitable: $2.67B net income after a loss year
- **FY2026** — Best year on record: $2.67B net income
- **FY2024** — Became debt-free: cash now exceeds total debt
- **2023** — Marvell Technologies acquired an expansion deal in Pune, India
- **FY2022** — Revenue already above $1B: $4.46B in first reported year
- **FY2022** — Positive free cash flow every year since: 5-year streak
- **2021** — Marvell completed the acquisition of Inphi Corporation
- **May 27, 2021** — Marvell announced its first NVM Express SSD controllers to support PCI Express 5.0
- **2019** — Marvell completed the acquisition of Aquantia
- **2017** — Synaptics acquired Marvell Multimedia Solutions on 2017-06-12
- **2007** — Radlan was officially renamed Marvell Software Solutions Israel (MSSI), to complete the integration into…
- **2003** — The integrated circuit (IC) designer Marvell Technology Group closed the deal to acquire RADLAN…
- **Jun 27, 2000** — The company's initial public offering of 6 million shares on NASDAQ under the ticker symbol MRVL on June 27, 2000…
- **1995** — Marvell was founded in 1995 by Dr

## Strengths

- High gross margin (52.2%)
- Strongly profitable — 27.9% net margin
- Revenue growing 30.6% year over year
- Strong cash conversion — FCF is 18.3% of revenue
- Net cash position after subtracting debt from cash

## Watch-outs

- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $4.46B | -$421M | $650M |
| FY2023 | $5.92B | -$164M | $1.08B |
| FY2024 | $5.51B | -$933M | $1.03B |
| FY2025 | $5.77B | -$885M | $1.40B |
| FY2026 | $8.19B | $2.67B | $1.40B |

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Source: https://stockcv.com/MRVL — derived from company filings; may be delayed or incomplete. Information, not investment advice.