MRVL FY 2023 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

FY 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$5.9B+32.7% YoY

Gross Profit

$3.0B50.5% margin

Operating Income

$238M4.0% margin

Net Income

-$164M-2.8% margin

EPS (Diluted)

$-0.19

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$1.1B

Stock-Based Comp.

$552M

Balance Sheet

Total Assets

$22.5B

Total Liabilities

$6.9B

Stockholders' Equity

$15.6B

Cash & Equivalents

$911M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.9B	$4.5B	+32.7%
Gross Profit	$3.0B	$2.1B	+44.7%
Operating Income	$238M	-$348M	+168.4%
Net Income	-$164M	-$421M	+61.2%