MRVL Q2 2023 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

Q2 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.5B+41.0% YoY

Gross Profit

$786M51.8% margin

Operating Income

$39M2.6% margin

Net Income

$4M0.3% 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

$694M46%

Other Countries

$203M13%

UNITED STATES

$185M12%

MALAYSIA

$114M8%

THAILAND

$75M5%

JAPAN

$71M5%

SINGAPORE

$67M4%

TAIWAN

$61M4%

PHILIPPINES

$47M3%