Marvell Technology, Inc. (MRVL) closed fiscal year 2026 with a gross margin of 51.0 % and a net margin of 32.6 %.
Marvell Technology, Inc. (MRVL) closed fiscal year 2026 with a gross margin of 51.0 % and a net margin of 32.6 %. The same year shows an EBITDA margin of 34.6 % and an EBIT margin of 16.1 %. The free cash flow margin was 17.0 %. Against the previous year the gross margin moved +9.7 pp and the net margin +47.9 pp. Across the period the gross margin ranges between 41.3 % in 2025 and 51.0 % in 2026. The series covers 7 fiscal years, from 2020 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: January
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|
| Gross margin (%) | 50.27 % | 50.13 % | 46.26 % | 50.47 % | 41.64 % | 41.31 % | 51.02 % |
| EBITDA margin (%) | -3.21 % | -2.04 % | 20.11 % | 27.54 % | 17.76 % | 14.11 % | 34.60 % |
| EBIT margin (%) | -9.02 % | -8.70 % | -7.79 % | 4.02 % | -10.31 % | -12.49 % | 16.14 % |
| Net margin (%) | 58.70 % | -9.34 % | -9.43 % | -2.76 % | -16.95 % | -15.35 % | 32.58 % |
| FCF margin (%) | 10.31 % | 23.93 % | 14.57 % | 18.29 % | 18.78 % | 24.22 % | 17.04 % |
