Marvell Technology (MRVL) 10-K Summary — Year Ended Feb 3, 2024
Marvell Technology reported a decrease in annual revenue compared to the prior year, reflecting a period of declining sales. Operating and net income remained negative, though operating cash flow was positive.
Key takeaway
Year ended Feb 3, 2024 · FY2026 10-K
Marvell Technology reported a decrease in annual revenue compared to the prior year, reflecting a period of declining sales. Operating and net income remained negative, though operating cash flow was positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5.5B
Revenue reported for the fiscal year.
Operating income
-$567.7M
Income from operations reported for the year.
Net income
-$933.4M
Net income reported for the year.
Operating cash flow
$1.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 29, 2022 | $4.5B | n/a |
| Jan 28, 2023 | $5.9B | +32.7% |
| Feb 3, 2024 | $5.5B | -7.0% |
Business overview
Marvell Technology is a semiconductor company that designs and supplies data infrastructure solutions. The filing's business overview section references standard parts of Form 10-K including risk factors and management discussion, but does not elaborate on specific products or markets.
Financial performance
Revenue declined year over year, with the trend showing a reduction from the prior year's level. Operating cash flow was positive, while both operating income and net income were negative for the period.
Material risks
The filing identifies risk factors in Item 1A, but the supplied text only lists headings and does not include the detailed risk descriptions. No specific risk events or conditions can be confirmed from the provided context.
Liquidity and capital
The company's liquidity primarily consisted of cash and equivalents, a significant portion of which was held by foreign subsidiaries. During the period, the company fully repaid one term loan and made partial repayment on another, indicating active debt management.
What to watch
Investors should monitor revenue and cash flow trends in the next filing for signs of stabilization or further decline.