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Marvell Technology cash flow statement

In fiscal 2026, Marvell Technology's operations generated $1.75bn of cash; it spent $354m on capital projects, leaving free cash flow of $1.40bn. It returned $205m in dividends and $2.04bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Feb 20202021Jan 20212022Jan 20222023Jan 20232024Feb 20242025Feb 20252026Jan 2026LTMAug 2026
Cash from operations3608178191,2891,3711,6811,7512,200
Depreciation and amortisation157198266305148177222—
Stock-based pay242242461552610597591837
Capital spending82107169206336285354470
Free cash flow2787116501,0831,0341,3971,3961,730
Free cash flow after stock pay36469189530424799806893
Dividends paid160161191204207208205209
Share buybacks3642501151507252,0401,900

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Marvell Technology's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Marvell Technology.