MRVL Q3 2024 Earnings — Marvell Technology, Inc. Revenue & Financial Results | Market Cap Arena

MRVLMarvell Technology, Inc.

$83B

Q3 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.4B-7.7% YoY

Gross Profit

$551M38.9% margin

Operating Income

-$146M-10.3% margin

Net Income

-$164M-11.6% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

+5.8%

Cash Flow

Operating Cash Flow

$503M

Free Cash Flow

$448M

Stock-Based Comp.

$159M

Balance Sheet

Total Assets

$21.7B

Total Liabilities

$6.5B

Stockholders' Equity

$15.2B

Cash & Equivalents

$726M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.5B	-7.7%
Gross Profit	$551M	$777M	-29.1%
Operating Income	-$146M	$106M	-238.3%
Net Income	-$164M	$13M	-1335.3%

Revenue Segments

Data Center

$556M39%

Carrier Infrastructure

$317M22%

Enterprise Networking

$271M19%

Consumer

$169M12%

Automotive And Industrial

$107M8%

Geographic Segments

CHINA

$605M43%

UNITED STATES

$217M15%

Other Countries

$178M13%

FINLAND

$158M11%

THAILAND

$95M7%

SINGAPORE

$74M5%

JAPAN

$38M3%

MALAYSIA

$32M2%

TAIWAN

$23M2%