MRVL Q1 2021 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$79B

Q1 2021 Earnings

Technology Semiconductors

Income Statement

Revenue

$694M+4.7% YoY

Gross Profit

$327M47.1% margin

Operating Income

-$96M-13.8% margin

Net Income

-$113M-16.3% margin

EPS (Diluted)

$-0.17

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$176M

Free Cash Flow

$137M

Stock-Based Comp.

$60M

Balance Sheet

Total Assets

$11.0B

Total Liabilities

$2.4B

Stockholders' Equity

$8.5B

Cash & Equivalents

$668M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$694M	$662M	+4.7%
Gross Profit	$327M	$361M	-9.6%
Operating Income	-$96M	-$15M	-521.6%
Net Income	-$113M	-$48M	-133.3%

Revenue Segments

Networking Product Group

$439M55%

Storage Product Group

$326M41%

Other Product Group

$33M4%

Geographic Segments

CHINA

$361M47%

Other Countries

$148M19%

UNITED STATES

$80M10%

THAILAND

$68M9%

MALAYSIA

$56M7%

PHILIPPINES

$48M6%