Marvell Technology (MRVL) 10-K Red Flags
Risk signals extracted deterministically from Marvell Technology’s SEC 10-K/10-Q XBRL filings — no LLM, every finding cites the underlying data.
Detected red flags (10)
- Receivables outpacing revenue: Accounts receivable grew +112.6% YoY vs revenue growth of +42.1%. The +70.5% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Gross margin expansion: Gross margin expanded +9.7%pp (from 41.3% to 51.0%), indicating improved pricing power, cost efficiency, or favorable product mix.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +81.4% to $40.1M, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- Goodwill is 52% of total assets: Goodwill of $13.88B represents a large share of the balance sheet. If acquired businesses underperform, a non-cash impairment charge could materially impact earnings. Monitor segment performance and acquisition integration metrics.
- R&D intensity declining: R&D as % of revenue fell from 33.8% to 25.3%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: Revenue grew +42.1% but receivables grew +112.6% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 19 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Market cap $188.96B at $216.00 per share.
- Trailing P/E 70.36, P/S 23.06, P/B 10.37.
Filings & ownership
- Latest annual report (10-K) filed Mar 11, 2026.
- Latest quarterly report (10-Q) filed May 28, 2026.
- 12 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Marvell Technology; broad institutional reporting.
- Recent filers include Oak Grove Capital LLC, Oak Grove Capital LLC, Oak Grove Capital LLC.
- 2 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 18 recent 13G passive institutional ownership notices.
Full MRVL analyst report
Valuation (DCF & Graham), technicals, macro exposure, risk scorecard and 13F/13D ownership.
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