迈威尔科技 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 2, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission file number: 001-40357 MARVELL TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware85-3971597(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 1000 N. West Street, Suite 1200Wilmington, Delaware 19801(302) 295-4840(Address of principal executive offices, zip code and registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered The Nasdaq Global Select Market MRVL Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☒Yes☐No 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 theregistrant was required to submit such files).☒Yes☐No 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,” “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Acceleratedfiler☐Smallerreportingcompany☐Emerging growth company☐ Large accelerated filer☒ Non-accelerated filer 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. TABLE OF CONTENTS PART I.FINANCIAL INFORMATION Item1.Financial Statements:Unaudited Condensed Consolidated Balance Sheets as of May 2, 2026 and January 31, 20262Unaudited Condensed Consolidated Statements of Operations for the three months ended May 2, 2026 and May 3,20253Unaudited Condensed Consolidated Statements of Comprehensive Incomefor the three months ended May 2, 2026and May 3, 20254Unaudited Condensed Consolidated Statements of Stockholders’ Equity for thethree months ended May 2, 2026and May 3, 20255Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended May 2, 2026 and May 3,20256Notes to Unaudited Condensed Consolidated Financial Statements7Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item3.Quantitative and Qualitative Disclosures About Market Risk36Item4.Controls and Procedures37PART II.OTHER INFORMATIONItem1.Legal Proceedings38Item1A.Risk Factors38Item2.Unregistered Sales of Equity Securities and Use of Proceeds68Item 5.Other Information69Item 6.Exhibits70Signatures74 PART I: FINANCIAL INFORMATION MARVELL TECHNOLOGY, INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except par value per share) MARVELL TECHNOLOGY, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per share amounts) MARVELL TECHNOLOGY, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(In millions) Three Months EndedMay 2,2026May 3,2025Net income$34.5$177.9Other comprehensive loss, net of taxNet change in unrealized loss on cash flow hedges—(0.5)Other comprehensive loss, net of tax—(0.5)Comprehensive income, net of tax$34.5$177.4 See accompanying notes to unaudited condensed consolidated financial statements MARVELL TECHNOLOGY, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions) MARVELL TECHNOLOGY, INC.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 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 fi