Founded in 1995, Marvell Technology Group Ltd. has operations worldwide and more than 7,000 employees. Marvell’s U.S. operating subsidiary is based in Santa Clara, California and Marvell has international design centers located in China, Europe, Hong Kong, India, Israel, Japan, Malaysia, Singapore, Taiwan and the U.S. A leading fabless semiconductor company, Marvell ships over one billion chips a year. Marvell’s expertise in microprocessor architecture and digital signal processing, drives multiple platforms including high volume storage solutions, mobile and wireless, networking, consumer and green products. World class engineering and mixed-signal design expertise helps Marvell deliver critical building blocks to its customers, giving them the competitive edge to succeed in today’s dynamic market.
Type
Public
HQ
Santa Clara, US
Founded
1995
Size (employees)
2,864 (est)
Marvell Technology was founded in 1995 and is headquartered in Santa Clara, US
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Key People/Management at Marvell Technology

Matt Murphy

Matt Murphy

President and Chief Executive Officer
Dan Christman

Dan Christman

Executive Vice President, Storage Group
Mitch Gaynor

Mitch Gaynor

Executive Vice President, Chief Administration and Legal Officer
Jean Hu

Jean Hu

CFO
Raghib Hussain

Raghib Hussain

Executive Vice President and Chief Strategy Officer
Gary Ignatin

Gary Ignatin

Executive Vice President, Corporate Development
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Marvell Technology Office Locations

Marvell Technology has offices in Hamilton and Santa Clara
Santa Clara, US (HQ)
5488 Marvell Ln
Hamilton, BM
22 Victoria St
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Marvell Technology Financials and Metrics

Marvell Technology Revenue

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Marvell Technology's revenue was reported to be $2.32 b in FY, 2017 which is a 15% decrease from the previous period.
USD

Revenue (Q1, 2019)

604.6 m

Gross profit (Q1, 2019)

375.7 m

Gross profit margin (Q1, 2019), %

62.1%

Net income (Q1, 2019)

128.6 m

Market capitalization (11-Jul-2018)

14.2 b

Closing share price (11-Jul-2018)

21.7

Cash (5-May-2018)

1.2 b
Marvell Technology's current market capitalization is $14.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.4 b3.7 b2.7 b2.3 b

Revenue growth, %

9%(26%)(15%)

Cost of goods sold

1.7 b1.8 b1.5 b1 b

Gross profit

1.7 b1.9 b1.2 b1.3 b
Quarterly
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018Q1, 2019

Revenue

931.2 m930.1 m961.5 m957.8 m710.5 m724.3 m674.9 m540.8 m626.4 m654.4 m616.3 m604.6 m

Cost of goods sold

465 m455 m477.7 m493.9 m461.7 m351.2 m379.3 m259.2 m287.6 m286.1 m238.5 m228.9 m

Gross profit

466.2 m475.2 m483.8 m464 m248.8 m373.1 m295.6 m281.6 m338.8 m368.4 m377.8 m375.7 m

Gross profit Margin, %

50%51%50%48%35%52%44%52%54%56%61%62%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

965.8 m1.2 b1.3 b814.1 m

Accounts Receivable

Inventories

347.9 m308.2 m210 m172 m

Current Assets

2.8 b3.3 b2.9 b2.3 b
Quarterly
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018Q1, 2019

Cash

796.3 m1.2 b1.3 b1.1 b927.5 m1 b897.1 m780.2 m718.8 m751.6 m800.1 m1.2 b

Accounts Receivable

466.7 m445.1 m498.5 m517.1 m417.7 m393.8 m380.9 m280.7 m348.7 m362.2 m366.1 m329.7 m

Inventories

380.4 m356.4 m394 m350.6 m327.1 m339.9 m279.4 m196.7 m202.7 m198.8 m173.7 m169.6 m

Current Assets

2.7 b3.3 b3.3 b3.1 b3.2 b3.3 b3 b2.1 b2.2 b2.3 b2.4 b2.4 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

315.3 m435.3 m(811.4 m)21.2 m

Depreciation and Amortization

102.8 m106.2 m100.2 m107.9 m

Inventories

(97 m)39.5 m90.6 m29.3 m

Accounts Payable

39.8 m(43.9 m)(105.9 m)(28.2 m)
Quarterly
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019

Net Income

103.2 m115.3 m138.9 m99.5 m(757.9 m)14.1 m(815.6 m)(22.7 m)51.3 m72.6 m128.6 m

Depreciation and Amortization

51.8 m26.6 m77.4 m20.3 m

Inventories

356.4 m394 m(18.4 m)(31.3 m)21 m196.7 m202.7 m198.8 m2.7 m

Accounts Payable

341.4 m415.7 m12 m17.1 m(43.7 m)193.7 m213 m183.3 m14.7 m
USDY, 2018

Financial Leverage

1.1 x
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Marvell Technology Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Cavium November 19, 2017$6 b
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Marvell Technology Online and Social Media Presence

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Marvell Technology News and Updates

Marvell Technology Group Ltd. Announces Pricing of Inaugural Public Offering of Senior Notes

SANTA CLARA, Calif., June 20, 2018 /PRNewswire/ -- Marvell (NASDAQ:MRVL), a leader in storage, networking and connectivity semiconductor solutions, today announced that it priced an offering of $500 million aggregate principal amount of 4.200% Senior Notes due 2023 and $500 million aggrega...
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Marvell Technology Company Life and Culture

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