MRVLMarvell Technology, Inc.

$83B

Q1 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.4B+73.8% YoY

Gross Profit

$751M51.9% margin

Operating Income

$70M4.8% margin

Net Income

-$166M-11.5% margin

EPS (Diluted)

$-0.20

QoQ Revenue Growth

+7.7%

Cash Flow

Operating Cash Flow

$195M

Free Cash Flow

$156M

Stock-Based Comp.

$131M

Balance Sheet

Total Assets

$22.0B

Total Liabilities

$6.6B

Stockholders' Equity

$15.5B

Cash & Equivalents

$465M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$832M	+73.8%
Gross Profit	$751M	$418M	+79.6%
Operating Income	$70M	-$82M	+184.8%
Net Income	-$166M	-$88M	-87.9%

Geographic Segments

CHINA

$644M45%

Other Countries

$250M17%

UNITED STATES

$150M10%

THAILAND

$99M7%

MALAYSIA

$81M6%

JAPAN

$67M5%

TAIWAN

$54M4%

PHILIPPINES

$52M4%

SINGAPORE

$50M3%

MRVL Q1 2023 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena