MRVL Q3 2023 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

Q3 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.5B+26.9% YoY

Gross Profit

$777M50.6% margin

Operating Income

$106M6.9% margin

Net Income

$13M0.9% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$411M

Free Cash Flow

$363M

Stock-Based Comp.

$146M

Balance Sheet

Total Assets

$22.5B

Total Liabilities

$7.0B

Stockholders' Equity

$15.6B

Cash & Equivalents

$723M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.2B	+26.9%
Gross Profit	$777M	$588M	+32.2%
Operating Income	$106M	-$33M	+416.8%
Net Income	$13M	-$63M	+121.2%

Geographic Segments

CHINA

$604M39%

Other Countries

$212M14%

UNITED STATES

$185M12%

SINGAPORE

$135M9%

THAILAND

$115M7%

TAIWAN

$89M6%

MALAYSIA

$85M6%

JAPAN

$70M5%

PHILIPPINES

$42M3%