MRVL Q2 2024 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

Q2 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.3B-11.6% YoY

Gross Profit

$521M38.9% margin

Operating Income

-$206M-15.3% margin

Net Income

-$208M-15.5% margin

EPS (Diluted)

$-0.24

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$113M

Free Cash Flow

$1M

Stock-Based Comp.

$153M

Balance Sheet

Total Assets

$21.8B

Total Liabilities

$6.4B

Stockholders' Equity

$15.4B

Cash & Equivalents

$423M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.5B	-11.6%
Gross Profit	$521M	$786M	-33.7%
Operating Income	-$206M	$39M	-626.1%
Net Income	-$208M	$4M	-4925.6%

Revenue Segments

Data Center

$460M34%

Enterprise Networking

$328M24%

Carrier Infrastructure

$276M21%

Consumer

$168M13%

Automotive And Industrial

$110M8%

Geographic Segments

CHINA

$569M42%

UNITED STATES

$203M15%

Other Countries

$164M12%

FINLAND

$115M9%

THAILAND

$76M6%

SINGAPORE

$71M5%

TAIWAN

$59M4%

JAPAN

$44M3%

MALAYSIA

$40M3%