Marvell Technology (MRVL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Marvell Technology

NasdaqGS•Technology•Semiconductors

$226.96-8.05(-0.03%)Pre-market

Market Cap

$219.19B

P/E

83.0x

P/S

23.2x

P/B

11.8x

Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally. The company develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of ethernet solutions, including spanning controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits, interconnects, fibre channel adapters, and processors. The company also provides interconnect products, including pulse amplitude modulation, coherent and coherent-lite digital signal processors (DSPs), laser drivers, trans-impedance amplifiers, silicon photonics, co-packaged optics, linear pluggable optics chipsets, data center interconnect, active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers for server and storage system connectivity; storage controllers for hard disk drives and solid-state-drives; host system interfaces, including serial advanced technology attachment and serial attached SCSI, peripheral component interconnect express, compute express link switches, non-volatile memory express (NVMe), and NVMe over fabrics; and develops ultra accelerator linkTM switches and ethernet for scale-up networking switches. The company serves data centers, communications, and other markets. It offers its products through direct customers and distributors. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

How this company scores

ExcellentMetricSide Score: 90/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (21/25).

Profitability23/25

Growth23/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality23/25

Strengths

Growing revenueStrong marginsRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 83.0x5y range 25.4x – 83.0x

Currently above its 4-quarter median.

P/S · 23.2x5y range 5.8x – 23.2x

Currently above its 19-quarter median.

P/B · 11.8x5y range 2.2x – 11.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $219.19B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.45B
Q. Revenue: $2.74B
TTM EBITDA: $1.73B
TTM Op. Income: $1.56B
Q. Op. Income: $459.70M
TTM Net Income: $2.64B
Q. Net Income: $308.00M
EPS: $0.34
Shares Out.: $897.40M

$9.45B in TTM revenue grew 30.6% YoY, reaching $2.74B last quarter. TTM EBITDA of $1.73B and TTM operating income of $1.56B show growth is flowing through to the bottom line. TTM net income of $2.64B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 53.1%
EBITDA Margin: 24.6%
Op. Margin: 16.8%
Net Margin: 11.2%

Op. margin of 16.8% is up 2.3% YoY — cost efficiency is improving. Net margin at 11.2% and gross margin of 53.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 16% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 83.0x
P/S Ratio: 23.2x
P/B Ratio: 11.8x

At 83.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 23.2x and P/B of 11.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 4 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $27.55B
Cash: $3.93B
Long-Term Debt: $4.96B
Book Value: $18.53B
D/E Ratio: 0.3
Debt/EBITDA: 7.4

With $27.55B in assets and $4.96B in long-term debt, D/E is 0.3and book value is $18.53B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $605.50M
TTM Free Cash Flow: $1.73B
FCF Margin: 18.3%
FCF / Net Income: 0.7

TTM FCF of $1.73B on $605.50M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.