Marvell Technology, Inc. (MRVL) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Semiconductors · as of Sep 25, 2026
Marvell Technology, Inc. (MRVL)
A forensic read on Marvell Technology, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
14.2
Distress distance
Watch
Earnings quality
4
Forensic signals
81.1
P / E (ttm)
18.7%
ROE
$228.8B
Market cap
0.43%
Dividend yield
42.1%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Marvell Technology, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 14.2, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
6.8%
FY2026
Return on invested capital.Return on invested capital is 6.8% in the latest fiscal year and rising across FY2024–FY2026 from -2.4%. After-tax operating profit was ($448M) in FY2024 and $1.2B in FY2026, with operating income at -10.3% of revenue in FY2024, -12.5% in FY2025 and 16.1% in FY2026. The capital base behind it barely moved across FY2024–FY2026 ($18.6B to $16.9B, -9%), so there has been little new capital for that return to be earned on. FY2024's operating profit carried a $131M restructuring charge that alone took about 0.6 points off that year's return, so about 0.6 of the 9.2-point rise across FY2024–FY2026 is that charge leaving the base year rather than the capital earning more. FY2025's operating profit carried a $185M restructuring charge that alone took about 0.8 points off that year's return; FY2025 sits between the two ends of FY2024–FY2026, so the charge shapes the path between them without moving the change across it.
161% of FCF
FY2026
Shareholder returns.Returned $2.2B to shareholders (buybacks + dividends) in FY2026 — 161% of free cash flow. That is $849M (61%) more than free cash flow covered, and more than operating cash flow as well. New debt covered it: total debt rose $407M over FY2026, while cash rose $1.7B — $407M of the $849M, with the rest met from lines this read does not cover. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely. Counting the $591M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 203%.
110d
FY2025→FY2026
Inventory days.Days inventory outstanding moved from 102 to 110 FY2025→FY2026 (against cost of goods sold; inventory +35% vs +19% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
+0.5%/yr
Key fundamentals
Latest Revenue$8.19B
Revenue Growth YoY+42.1%
Revenue CAGR (2yr)+22.1%
Net Margin32.6%
Free Cash Flow$1.40B
Return on Equity18.7%
Debt / Equity0.31x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Marvell Technology, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 25, 2026. Forensic signals flag probability, not certainty.
FY2024–FY2026
Share count.Diluted share count changed +1% over the last 2 years to FY2026 (+0.5%/yr). Roughly flat — buybacks ($2.0B) are about offsetting stock comp ($591M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.