MRVL Q2 2022 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

Q2 2022 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.1B+47.9% YoY

Gross Profit

$372M34.6% margin

Operating Income

-$267M-24.8% margin

Net Income

-$276M-25.7% margin

EPS (Diluted)

$-0.34

QoQ Revenue Growth

+29.3%

Cash Flow

Operating Cash Flow

$222M

Free Cash Flow

$187M

Stock-Based Comp.

$114M

Balance Sheet

Total Assets

$20.8B

Total Liabilities

$6.1B

Stockholders' Equity

$14.7B

Cash & Equivalents

$560M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$727M	+47.9%
Gross Profit	$372M	$359M	+3.5%
Operating Income	-$267M	-$151M	-76.3%
Net Income	-$276M	-$158M	-75.1%

Revenue Segments

Networking Product Group

$702M65%

Storage Product Group

$342M32%

Other Product Group

$32M3%

Geographic Segments

CHINA

$488M45%

Other Countries

$195M18%

UNITED STATES

$123M11%

THAILAND

$83M8%

MALAYSIA

$72M7%

SINGAPORE

$58M5%

PHILIPPINES

$56M5%