MRVL Q3 2021 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$79B

Q3 2021 Earnings

Technology Semiconductors

Income Statement

Revenue

$750M+13.2% YoY

Gross Profit

$381M50.8% margin

Operating Income

-$9M-1.3% margin

Net Income

-$23M-3.1% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$258M

Free Cash Flow

$220M

Stock-Based Comp.

$60M

Balance Sheet

Total Assets

$10.8B

Total Liabilities

$2.4B

Stockholders' Equity

$8.4B

Cash & Equivalents

$832M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$750M	$662M	+13.2%
Gross Profit	$381M	$340M	+12.1%
Operating Income	-$9M	-$43M	+78.1%
Net Income	-$23M	-$83M	+72.2%

Revenue Segments

Networking Product Group

$445M59%

Storage Product Group

$276M37%

Other Product Group

$29M4%

Geographic Segments

CHINA

$325M43%

Other Countries

$145M19%

UNITED STATES

$74M10%

MALAYSIA

$74M10%

THAILAND

$56M7%

PHILIPPINES

$44M6%

SINGAPORE

$33M4%