MRVL Q3 2020 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$79B

Q3 2020 Earnings

Technology Semiconductors

Income Statement

Revenue

$662M-22.2% YoY

Gross Profit

$340M51.3% margin

Operating Income

-$43M-6.5% margin

Net Income

-$83M-12.5% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$66M

Free Cash Flow

$44M

Stock-Based Comp.

$67M

Balance Sheet

Total Assets

$10.3B

Total Liabilities

$3.1B

Stockholders' Equity

$7.2B

Cash & Equivalents

$438M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$662M	$851M	-22.2%
Gross Profit	$340M	$384M	-11.3%
Operating Income	-$43M	$17M	-356.6%
Net Income	-$83M	-$54M	-53.4%

Revenue Segments

Networking Product Group

$406M56%

Storage Product Group

$290M40%

Other Product Group

$31M4%

Geographic Segments

CHINA

$303M42%

Other Countries

$129M18%

UNITED STATES

$87M12%

THAILAND

$60M8%

MALAYSIA

$60M8%

PHILIPPINES

$50M7%

SINGAPORE

$38M5%