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MRVL Q2 2023 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena
MRVL
Marvell Technology, Inc.
$83B
Q2 2023 Earnings
Technology
Semiconductors
Income Statement
Revenue
$1.5B
+41.0% YoY
Gross Profit
$786M
51.8% margin
Operating Income
$39M
2.6% margin
Net Income
$4M
0.3% margin
EPS (Diluted)
$0.01
QoQ Revenue Growth
+4.8%
Cash Flow
Operating Cash Flow
$332M
Free Cash Flow
$256M
Stock-Based Comp.
$145M
Balance Sheet
Total Assets
$22.2B
Total Liabilities
$6.6B
Stockholders' Equity
$15.5B
Cash & Equivalents
$617M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.5B
$1.1B
+41.0%
Gross Profit
$786M
$372M
+111.4%
Operating Income
$39M
-$267M
+114.7%
Net Income
$4M
-$276M
+101.6%
Geographic Segments
CHINA
$694M
46%
Other Countries
$203M
13%
UNITED STATES
$185M
12%
MALAYSIA
$114M
8%
THAILAND
$75M
5%
JAPAN
$71M
5%
SINGAPORE
$67M
4%
TAIWAN
$61M
4%
PHILIPPINES
$47M
3%
← FY 2023
All Quarters
Q3 2023 →