MRVL Q1 2022 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

Q1 2022 Earnings

Technology Semiconductors

Income Statement

Revenue

$832M+20.0% YoY

Gross Profit

$418M50.2% margin

Operating Income

-$82M-9.9% margin

Net Income

-$88M-10.6% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

-$14M

Free Cash Flow

-$39M

Stock-Based Comp.

$93M

Balance Sheet

Total Assets

$21.2B

Total Liabilities

$6.4B

Stockholders' Equity

$14.9B

Cash & Equivalents

$523M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$832M	$694M	+20.0%
Gross Profit	$418M	$327M	+27.9%
Operating Income	-$82M	-$96M	+14.3%
Net Income	-$88M	-$113M	+22.0%

Revenue Segments

Networking Product Group

$498M60%

Storage Product Group

$303M36%

Other Product Group

$31M4%

Geographic Segments

CHINA

$341M41%

Other Countries

$168M20%

UNITED STATES

$87M11%

THAILAND

$78M9%

MALAYSIA

$59M7%

SINGAPORE

$52M6%

PHILIPPINES

$48M6%