迈威尔科技 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 to Commission file number: 001-40357 MARVELL TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) 85-3971597(I.R.S. EmployerIdentification No.) Delaware(State or other jurisdiction ofincorporation or organization) 1000 N. West Street, Suite 1200Wilmington, Delaware 19801 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Acceleratedfiler☐Smallerreportingcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No The number of shares of common stock of the registrant outstanding as of May21, 2026 was 874.8 million. PART I.FINANCIAL INFORMATION Item1.Financial Statements:Unaudited Condensed Consolidated Balance Sheets as of May 2, 2026 and January 31, 2026Unaudited Condensed Consolidated Statements of Operations for the three months ended May 2, 2026 and May 3,2025 Item1.Legal Proceedings Item1A.Risk Factors MARVELL TECHNOLOGY, INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except par value per share) MARVELL TECHNOLOGY, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Note 1. Basis of Presentation The unaudited condensed consolidated financial statements of Marvell Technology, Inc. (“MTI”), a Delaware corporation, and itswholly owned subsidiaries (the “Company”), as of and for the three months ended May2, 2026, have been prepared as required by theU.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financialstatements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omittedas permitted by the SEC. These unaudited condensed consolidated financial statements and related notes should be read in conjunctionwith the Company’s fiscal 2026 audited financial statements included in the Company’s Annual Report on Form 10-K for the fiscalyear ended January31, 2026. In the opinion of management, the financial statements include all adjustments, including normalrecurring adjustments and other adjustments, that are considered necessary for fair presentation of the Company’s financial position The Company’s fiscal year is the 52- or 53-week period ending on the Saturday closest to January31. Accordingly, every fifth orsixth fiscal year will have a 53-week period. The additional week in a 53-week year is added to the fourth quarter, making such quarter On February 2, 2026, the Company completed the acquisition of Celestial AI, Inc. (“Celestial”), a provider of a Photonic Fabrictechnology platform purpose-built for next-generation scale-up interconnect. The acquisition of Celestial is expected toaccelerate the Company’s connectivity strategy for next-generation AI and cloud data centers. The unaudited condensed consolidatedfinancial statements include the operating results of Celestial for the period from date of acquisition through the Company’s firstquarter ended May2, 2026. See “Note 4 – Business Combinations” and “Note 5 – Goodwill and Acquired Intangible Assets, Net” forTM On February 10, 2026, the Company completed the acquisition of XConn Technologies Holdings, Ltd. (“XConn”), a provider ofadvanced peripheral component interconnect express (“PCIe”) and compute express link (“CXL”) switching silicon, which expandsthe Company’s switching portfolio and augments the Company’s Ultra Accelerator Link(“UALink”) scale-up switch team. Theunaudited condensed consolidated financial statements include the operating results of XConn for the period from date of acquisitionTMTM through the Company’s first quarter ended May2, 2026. See “Note 4 – Business Combinations” and “Note 5 – Goodwill and AcquiredIntangible Assets, Net” for more information. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to makeestimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and