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MRVL Q1 2024 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena
MRVL
Marvell Technology, Inc.
$83B
Q1 2024 Earnings
Technology
Semiconductors
Income Statement
Revenue
$1.3B
-8.7% YoY
Gross Profit
$557M
42.2% margin
Operating Income
-$182M
-13.8% margin
Net Income
-$169M
-12.8% margin
EPS (Diluted)
$-0.20
QoQ Revenue Growth
-6.8%
Cash Flow
Operating Cash Flow
$208M
Free Cash Flow
$106M
Stock-Based Comp.
$143M
Balance Sheet
Total Assets
$22.3B
Total Liabilities
$6.8B
Stockholders' Equity
$15.5B
Cash & Equivalents
$1.0B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.3B
$1.4B
-8.7%
Gross Profit
$557M
$751M
-25.8%
Operating Income
-$182M
$70M
-361.3%
Net Income
-$169M
-$166M
-1.9%
Revenue Segments
Data Center
$436M
33%
Enterprise Networking
$365M
28%
Carrier Infrastructure
$290M
22%
Consumer
$142M
11%
Automotive And Industrial
$89M
7%
Geographic Segments
CHINA
$516M
39%
UNITED STATES
$187M
14%
Other Countries
$173M
13%
SINGAPORE
$112M
8%
MALAYSIA
$99M
7%
FINLAND
$80M
6%
TAIWAN
$54M
4%
THAILAND
$45M
3%
JAPAN
$44M
3%
PHILIPPINES
$12M
1%
← FY 2024
All Quarters
Q2 2024 →