MRVL Q1 2024 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.3B-8.7% YoY

Gross Profit

$557M42.2% 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

$436M33%

Enterprise Networking

$365M28%

Carrier Infrastructure

$290M22%

Consumer

$142M11%

Automotive And Industrial

$89M7%

Geographic Segments

CHINA

$516M39%

UNITED STATES

$187M14%

Other Countries

$173M13%

SINGAPORE

$112M8%

MALAYSIA

$99M7%

FINLAND

$80M6%

TAIWAN

$54M4%

THAILAND

$45M3%

JAPAN

$44M3%

PHILIPPINES

$12M1%