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Revenue - Net Revenue Based on Destination of Shipment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Disaggregation of Revenue [Line Items]
Net revenue	$ 1,340.9	$ 1,516.9	$ 2,662.6	$ 2,963.8
China
Disaggregation of Revenue [Line Items]
Net revenue	$ 569.3	$ 693.6	$ 1,085.0	$ 1,337.6
China \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	42.00%	46.00%	41.00%	45.00%
United States
Disaggregation of Revenue [Line Items]
Net revenue	$ 202.8	$ 185.0	$ 390.1	$ 334.5
United States \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	15.00%	12.00%	15.00%	11.00%
Singapore
Disaggregation of Revenue [Line Items]
Net revenue	$ 70.9	$ 67.1	$ 183.2	$ 117.2
Singapore \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	5.00%	4.00%	7.00%	4.00%
Malaysia
Disaggregation of Revenue [Line Items]
Net revenue	$ 39.5	$ 113.9	$ 138.0	$ 195.1
Malaysia \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	3.00%	8.00%	5.00%	7.00%
Finland
Disaggregation of Revenue [Line Items]
Net revenue	$ 115.3	$ 39.1	$ 195.4	$ 77.9
Finland \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	9.00%	3.00%	7.00%	3.00%
Taiwan
Disaggregation of Revenue [Line Items]
Net revenue	$ 59.1	$ 61.3	$ 112.9	$ 114.9
Taiwan \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	4.00%	4.00%	4.00%	4.00%
Thailand
Disaggregation of Revenue [Line Items]
Net revenue	$ 76.0	$ 74.9	$ 121.4	$ 174.2
Thailand \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	6.00%	5.00%	5.00%	6.00%
Japan
Disaggregation of Revenue [Line Items]
Net revenue	$ 44.0	$ 71.1	$ 87.8	$ 138.1
Japan \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	3.00%	5.00%	3.00%	5.00%
Other
Disaggregation of Revenue [Line Items]
Net revenue	$ 164.0	$ 210.9	$ 348.8	$ 474.3
Other \| Net Revenue \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	13.00%	13.00%	13.00%	15.00%

Fair Value Measurements

6 Months Ended

Jul. 29, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair value is an exit price representing the amount that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the accounting guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

Level 1 — Observable inputs that reflect quoted prices for identical assets or liabilities in active markets.

Level 2 — Other inputs that are directly or indirectly observable in the marketplace.

Level 3 — Unobservable inputs that are supported by little or no market activity.

The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

The Company’s Level 1 assets include marketable equity investments that are classified as other non-current assets and which are valued primarily using quoted market prices. The Company’s Level 2 assets include time deposits, as the market inputs used to value these instruments consist of market yield. In addition, forward contracts and the severance pay fund are classified within Level 2 of the fair value hierarchy as the valuation inputs are based on quoted prices and market observable data of similar instruments.

The tables below set forth, by level, the Company’s assets and liabilities that are measured at fair value on a recurring basis. The tables do not include assets and liabilities that are measured at historical cost or any basis other than fair value (in millions):


	Fair Value Measurements at July 29, 2023
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:

Time deposits	$	—	$	9.6	$	—	$	9.6















Other non-current assets:
Marketable equity investments	12.6		—		—		12.6
Severance pay fund	—		0.7		—		0.7
Total assets	$	12.6	$	10.3	$	—	$	22.9
Liabilities
Accrued liabilities:
Foreign currency forward contracts	$	—	$	1.1	$	—	$	1.1


Total liabilities	$	—	$	1.1	$	—	$	1.1

The carrying value of investments in non-marketable equity securities recorded to fair value on a non-recurring basis is adjusted for observable transactions for identical or similar investments of the same issuer or for impairment. These securities relate to equity investments in privately-held companies. These items measured at fair value on a non-recurring basis are classified as Level 3 in the fair value hierarchy because the value is estimated based on valuation methods using the observable transaction price at the transaction date and other unobservable inputs such as volatility, rights and obligations of the securities held. As of July 29, 2023 and January 28, 2023, non-marketable equity investments had a carrying value of $35.7 million and $36.1 million, respectively, and are included in other non-current assets in the Company’s unaudited condensed consolidated balance sheets.


	Fair Value Measurements at January 28, 2023
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:

Time deposits	$	—	$	150.7	$	—	$	150.7















Other non-current assets:
Marketable equity investments	3.2		—		—		3.2
Severance pay fund	—		0.7		—		0.7
Total assets	$	3.2	$	151.4	$	—	$	154.6

Fair Value of Debt

The Company classified the 2024 and 2026 Term Loans, the 2023 Revolving Credit Facility, the 2026 Senior Notes, 2028 Senior Notes, and 2031 Senior Notes as Level 2 in the fair value measurement hierarchy. The carrying value of the 2024 and 2026 Term Loans and the 2023 Revolving Credit Facility approximate their fair value as each is carried at a market observable interest rate that resets periodically. The estimated aggregate fair value of the unsecured senior notes was $2.2 billion at July 29, 2023 and $2.7 million at January 28, 2023, and were classified as Level 2 as there are quoted prices from less active markets for the notes. See “Note 3 – Debt” for additional information.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jul. 29, 2023	Apr. 29, 2023	Jul. 30, 2022	Apr. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.06	$ 0.06	$ 0.06	$ 0.06
Cash dividends paid (in dollars per share)	$ 0.06	$ 0.06	$ 0.06	$ 0.06

Supplemental Financial Information (in millions) - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 29, 2023	Apr. 29, 2023	Jan. 28, 2023
Accrued liabilities:
Variable consideration estimates	$ 501,500		$ 572,800
Accrued income tax payable	167,600		118,400
Technology license obligations	80,400		119,100
Accrued legal reserve	67,000		102,000
Accrued warranty expense	58,900		2,400
Deferred revenue	44,600		45,200
Lease liabilities - current portion	42,400		43,800
Accrued restructuring	32,800	$ 32,800	4,200
Accrued interest payable	19,000		22,100
Other	54,300		62,000
Accrued liabilities	$ 1,068,500		$ 1,092,000

Goodwill and Acquired Intangible Assets, Net - Net Carrying Amounts and Weighted Average Amortization Period (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jul. 29, 2023	Jan. 28, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 7,244.0	$ 7,323.0
Accumulated Amortization	(3,362.8)	(2,900.0)
Net Carrying Amounts	3,881.2	4,423.0
Gross Carrying Amounts, Total acquired intangible assets	7,923.0	8,002.0
Net Carrying Amounts, Total acquired intangible assets	$ 4,560.2	$ 5,102.0
Weighted-Average Remaining Amortization Period (Years)	4 years 18 days	4 years 6 months 10 days
Developed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 5,015.0	$ 5,078.0
Accumulated Amortization	(2,320.9)	(2,014.5)
Net Carrying Amounts	$ 2,694.1	$ 3,063.5
Weighted-Average Remaining Amortization Period (Years)	4 years 2 months 8 days	4 years 8 months 1 day
Customer contracts and related relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 2,179.0	$ 2,179.0
Accumulated Amortization	(1,019.2)	(853.2)
Net Carrying Amounts	$ 1,159.8	$ 1,325.8
Weighted-Average Remaining Amortization Period (Years)	3 years 9 months 7 days	4 years 2 months 26 days
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 50.0	$ 66.0
Accumulated Amortization	(22.7)	(32.3)
Net Carrying Amounts	$ 27.3	$ 33.7
Weighted-Average Remaining Amortization Period (Years)	2 years 8 months 23 days	3 years 1 month 9 days
IPR&D
Acquired Finite-Lived Intangible Assets [Line Items]
IPR&D	$ 679.0	$ 679.0

Revenue - Net Revenue by Customer Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Disaggregation of Revenue [Line Items]
Net revenue	$ 1,340.9	$ 1,516.9	$ 2,662.6	$ 2,963.8
Direct customers
Disaggregation of Revenue [Line Items]
Net revenue	$ 857.3	$ 976.0	$ 1,748.1	$ 1,969.9
Direct customers \| Net Revenue \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	64.00%	64.00%	66.00%	66.00%
Distributors
Disaggregation of Revenue [Line Items]
Net revenue	$ 483.6	$ 540.9	$ 914.5	$ 993.9
Distributors \| Net Revenue \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	36.00%	36.00%	34.00%	34.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Debt - Interest Expense and Future Contractual Maturities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Debt Disclosure [Abstract]
Interest expense	$ 51.9	$ 37.4	$ 102.4	$ 70.3

Income Tax	6 Months Ended
Income Tax	Jul. 29, 2023
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The Company’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The Company’s quarterly tax provision, and estimate of its annual effective tax rate, is subject to variation due to several factors, including variability in accurately predicting our pre-tax income or loss and the mix of jurisdictions to which they relate, intercompany transactions, changes in tax laws, the applicability of special tax regimes, changes in how the Company does business, discrete items, and acquisitions, as well as the integration of such acquisitions. The Company recorded income tax benefit of $44.1 million and $107.5 million for the three and six months ended July 29, 2023, respectively. The Company’s estimated effective tax rate for the year differs from the U.S. statutory rate of 21% primarily due to a substantial portion of its earnings, or in some cases, losses being taxed or benefited at rates lower than the U.S. statutory rate, net of the impact of U.S. taxation of foreign operations, benefits from tax credits, and valuation allowance releases, as well as discrete tax benefits and expenses for excess deductions and deficiencies on stock-based compensation, respectively. The Company operates under tax incentives in certain countries that may be extended and/or renewed if certain additional requirements are satisfied. The tax incentives are conditional upon meeting certain employment and investment thresholds. The benefit of the tax incentives on net income per share was approximately $0.01 per share for the six months ended July 29, 2023. No tax incentive was recorded for the three months ended July 29, 2023, as the benefit was recognized upfront during the first three months ended April 29, 2023. No tax incentive benefits were recorded for the three and six months ended July 30, 2022. In the first quarter of fiscal 2023, the Singapore Economic Development Board (“EDB”) agreed to extend the Company’s Development and Expansion Incentive (“DEI”) by five years until June 30, 2029. As a result of the DEI extension, the Company remeasured its Singapore net deferred tax assets that are scheduled to reverse during these future periods at the new incentive tax rate that the Company expects to apply during these periods, which resulted in a net reduction to our Singapore deferred tax assets of $213.6 million and a corresponding deferred income tax expense during the six months ended July 30, 2022. The amount of unrecognized tax benefits could increase or decrease due to changes in tax law in various jurisdictions, the effects of income tax audits, and changes in the U.S. dollar as compared to foreign currencies within the next 12 months. It is reasonably possible that our uncertain tax positions may be reduced by as much as $24.4 million within the next 12 months as a result of the lapses of statutes of limitation. The Company is currently under audit in certain U.S. state and non-U.S. taxing jurisdictions. The Company believes that it has adequately provided for the expected outcomes related to these tax audits and that any settlements with respect to these audits will not have a material effect on its results or financial position at this time. The Company’s principal source of liquidity as of July 29, 2023 consisted of approximately $423.4 million of cash and cash equivalents, of which approximately $352.1 million was held by subsidiaries outside of the United States. The Company has not recognized a deferred tax liability on $110.3 million of assets held by subsidiaries as those amounts are deemed to be indefinitely reinvested. The Company manages its worldwide cash requirements by, among other things, reviewing available funds held by its foreign subsidiaries and the cost effectiveness by which those funds can be accessed in the United States.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

Supplemental Financial Information (in millions) - Accumulated Other Comprehensive Loss (Details) $ in Millions	6 Months Ended
	Jul. 29, 2023 USD ($)
Increase (Decrease) in AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 15,637.2
Balance at end of period	15,389.5
Unrealized Gain (Loss) on Cash Flow Hedges
Increase (Decrease) in AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	0.0
Other comprehensive income (loss) before reclassifications	(2.4)
Amounts reclassified from accumulated other comprehensive income (loss)	1.4
Other comprehensive income (loss), net of tax	(1.0)
Balance at end of period	$ (1.0)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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+ Details

Revenue (Tables)

6 Months Ended

Jul. 29, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table summarizes net revenue disaggregated by end market (in millions, except percentages):


	Three Months Ended								Six Months Ended
	July 29, 2023		% of Total		July 30, 2022		% of Total		July 29, 2023		% of Total		July 30, 2022		% of Total
Net revenue by end market:
Data center	$	459.8	34	%	$	643.4	42	%	$	895.6	34	%	$	1,283.9	43	%
Enterprise networking	327.7		24	%	340.3		22	%	692.3		26	%	626.9		21	%
Carrier infrastructure	275.5		21	%	285.2		19	%	565.4		21	%	537.2		18	%
Consumer	167.7		13	%	164.4		11	%	309.8		12	%	342.9		12	%
Automotive/industrial	110.2		8	%	83.6		6	%	199.5		7	%	172.9		6	%
	$	1,340.9			$	1,516.9			$	2,662.6			$	2,963.8

The following table summarizes net revenue disaggregated by primary geographical market based on destination of shipment (in millions, except percentages):


	Three Months Ended								Six Months Ended
	July 29, 2023		% of Total		July 30, 2022		% of Total		July 29, 2023		% of Total		July 30, 2022		% of Total
Net revenue based on destination of shipment:
China	$	569.3	42	%	$	693.6	46	%	$	1,085.0	41	%	$	1,337.6	45	%
United States	202.8		15	%	185.0		12	%	390.1		15	%	334.5		11	%
Finland	115.3		9	%	39.1		3	%	195.4		7	%	77.9		3	%
Singapore	70.9		5	%	67.1		4	%	183.2		7	%	117.2		4	%
Malaysia	39.5		3	%	113.9		8	%	138.0		5	%	195.1		7	%
Thailand	76.0		6	%	74.9		5	%	121.4		5	%	174.2		6	%
Taiwan	59.1		4	%	61.3		4	%	112.9		4	%	114.9		4	%


Japan	44.0		3	%	71.1		5	%	87.8		3	%	138.1		5	%






Other	164.0		13	%	210.9		13	%	348.8		13	%	474.3		15	%
	$	1,340.9			$	1,516.9			$	2,662.6			$	2,963.8

These destinations of shipment are not necessarily indicative of the geographic location of the Company’s end customers or the country in which the Company’s end customers sell devices containing the Company’s products. For example, a substantial majority of the shipments made to China relate to sales to non-China based customers that have factories or contract manufacturing operations located within China.

The following table summarizes net revenue disaggregated by customer type (in millions, except percentages):


	Three Months Ended								Six Months Ended
	July 29, 2023		% of Total		July 30, 2022		% of Total		July 29, 2023		% of Total		July 30, 2022		% of Total
Net revenue by customer type:
Direct customers	$	857.3	64	%	$	976.0	64	%	$	1,748.1	66	%	$	1,969.9	66	%
Distributors	483.6		36	%	540.9		36	%	914.5		34	%	993.9		34	%
	$	1,340.9			$	1,516.9			$	2,662.6			$	2,963.8

Debt

6 Months Ended

Jul. 29, 2023

Debt Disclosure [Abstract]

Debt

Summary of Borrowings and Outstanding Debt

The following table summarizes the Company’s outstanding debt at July 29, 2023 and January 28, 2023 (in millions):


	July 29, 2023		January 28, 2023
Face Value Outstanding:

2024 Term Loan - 3-Year Tranche	$	735.0	$	735.0
2026 Term Loan - 5-Year Tranche	743.8		787.5
Term Loan Total	1,478.8		1,522.5
2023 Revolving Credit Facility	200.0		—
Revolving Credit Facility Total	200.0		—
4.200% MTG/MTI 2023 Senior Notes	—		500.0
4.875% MTG/MTI 2028 Senior Notes	499.9		499.9


1.650% 2026 Senior Notes	500.0		500.0
2.450% 2028 Senior Notes	750.0		750.0
2.950% 2031 Senior Notes	750.0		750.0
Senior Notes Total	2,499.9		2,999.9



Total borrowings	$	4,178.7	$	4,522.4
Less: Unamortized debt discount and issuance cost	(25.6)		(30.3)
Net carrying amount of debt	$	4,153.1	$	4,492.1
Less: Current portion (1)	1,018.6		584.4

Non-current portion	$	3,134.5	$	3,907.7

(1)As of July 29, 2023, the current portion of outstanding debt that is due within twelve months includes the 2024 Term Loan - 3-Year Tranche, the outstanding balance of the 2023 Revolving Credit Facility and a portion of the 2026 Term Loan - 5-Year Tranche. The Company intends to repay the amount with operating cash flow or opportunistically refinance such debt. The weighted average interest rate on short-term debt outstanding at July 29, 2023 and January 28, 2023 was 6.663% and 4.448%, respectively.

In December 2020, the Company executed a debt agreement to obtain a 3-year $875.0 million term loan and a 5-year $875.0 million term loan. The Company also executed a debt agreement to obtain a 5-year $750.0 million revolving credit facility in December 2020, replacing its previous $500.0 million revolving credit facility. On April 12, 2021, the Company completed a debt offering and issued (i) $500.0 million of Senior Notes with a 5-year term due in 2026, (ii) $750.0 million of Senior Notes with a 7-year term due in 2028, and (iii) $750.0 million of Senior Notes with a 10-year term due in 2031.

On May 4, 2021, in conjunction with the U.S. domiciliation, the Company exchanged certain existing senior notes due in 2023 and 2028 that were previously issued by the Bermuda-domiciled Marvell Technology Group Ltd. (the “MTG Senior Notes”) with like notes that are now issued by the Delaware-domiciled Marvell Technology, Inc. (the “MTI Senior Notes”). Below is further discussion of the terms of the various debt agreements.

On April 14, 2023, the Company entered into an agreement to amend and restate the revolving credit facility to increase the borrowing capacity to $1.0 billion with a 5-year term and a stated floating interest rate which equates to an adjusted term Secure Overnight Financing Rate (“SOFR”) plus an applicable margin. The Company also entered into an agreement to amend the term loan to adopt SOFR interest rates and conform the maximum leverage ratio financial covenant with the amended and restated revolving credit facility agreement.

2024 and 2026 Term Loans

On December 7, 2020, the Company entered into a term loan credit agreement with a lending syndicate led by JP Morgan Chase Bank, N.A (the “2024 and 2026 Term Loan Agreement”) in order to finance the acquisition of Inphi Corporation (“Inphi”). The 2024 and 2026 Term Loan Agreement provides for borrowings of $1.75 billion consisting of: (i) $875.0 million loan with a three-year term from the funding date (the “3-Year Tranche Loan”) and (ii) $875.0 million loan with a five-year term from the funding date (the “5-Year Tranche Loan” and, together with the 3-Year Tranche Loan, the “2024 and 2026 Term Loans”).

On April 14, 2023, the Company entered into an amendment to the 2024 and 2026 Term Loan Agreement. The amendment modifies the existing agreement to, among other things, adopt SOFR interest rates and conform the maximum leverage ratio financial covenant with the amended and restated revolving credit agreement.

Pursuant to the amended 2024 and 2026 Term Loan Agreement, the 3-Year Tranche Loan has a stated floating interest rate which equates to reserve-adjusted SOFR + 135 bps. The effective interest rate for the 3-Year Tranche Loan was 4.292% as of July 29, 2023. The 5-Year Tranche Loan has a stated floating interest rate which equates to reserve-adjusted SOFR + 147.5 bps. The effective interest rate for the 5-Year Tranche Loan was 5.093% as of July 29, 2023. The 3-Year Tranche Loan does not require any scheduled principal payments prior to final maturity but does permit the Company to make early principal payments without premium or penalty. The 5-year Tranche Loan requires scheduled principal payments at the end of each fiscal quarter equal to (i) 1.25% of the aggregate principal amount on the term funding date for the first four full fiscal quarters following the term loan funding date, (ii) 2.50% of the aggregate principal amount on the term funding date for the fifth through twelfth full fiscal quarters following the term loan funding date, and (iii) 3.75% of the aggregate principal amount on the term funding date for each fiscal quarter following the twelfth full fiscal quarter following the term loan funding date. During the six months ended July 29, 2023, the Company repaid $43.7 million of the principal outstanding of the 5-Year Tranche Loan. As of July 29, 2023, the Company has $1.5 billion 2024 and 2026 Term Loan borrowings outstanding.

The 2024 and 2026 Term Loan Agreement requires that the Company and its subsidiaries comply with covenants relating to customary matters, including with respect to creating or permitting certain liens, entering into sale and leaseback transactions, and consolidating, merging, liquidating or dissolving. It also prohibits subsidiaries of the Company from incurring additional indebtedness, subject to certain exceptions, and requires that the Company maintain a leverage ratio financial covenant as of the end of any fiscal quarter.

2023 Revolving Credit Facility

On December 7, 2020, the Company entered into a revolving line of credit agreement with a lending syndicate led by JP Morgan Chase Bank, N.A for borrowings of up to $750.0 million. On April 14, 2023, the Company entered into an agreement to amend and restate the credit facility to increase the borrowing capacity to $1.0 billion (as so amended and restated, the “2023 Revolving Credit Facility”). The 2023 Revolving Credit Facility has a 5-year term and a stated floating interest rate which equates to an adjusted term SOFR plus an applicable margin. The borrowings from the Revolving Loans will be used for general corporate purposes of the Company. The Company may prepay any borrowings at any time without premium or penalty. An unused commitment fee is payable quarterly based on unused balances at a rate that is based on the ratings of the Company’s senior unsecured long-term indebtedness. This annual rate was 0.175% at July 29, 2023.

During the quarter ended April 29, 2023, the Company drew down $200.0 million on the 2023 Revolving Credit Facility. During the quarter ended July 29, 2023, the Company drew down an additional $50.0 million on the 2023 Revolving Credit Facility and repaid $50.0 million in the same quarter. The Company intends to repay the outstanding amount of $200.0 million during fiscal 2024. As of July 29, 2023, $800.0 million of the $1.0 billion of the 2023 Revolving Credit Facility was undrawn and will be available for draw down through April 14, 2028.

The 2023 Revolving Credit Facility requires that the Company and its subsidiaries comply with covenants relating to customary matters. The covenants are consistent with the 2024 and 2026 Term Loan covenants discussed above.

As of July 29, 2023, the Company was in compliance with its debt covenants for the credit agreements discussed above.

2026, 2028, and 2031 Senior Unsecured Notes

On April 12, 2021, the Company completed an offering of (i) $500.0 million aggregate principal amount of the Company’s 1.650% Senior Notes due 2026 (the “2026 Senior Notes”), (ii) $750.0 million aggregate principal amount of the Company’s 2.450% Senior Notes due 2028 (the “2028 Senior Notes”) and (iii) $750.0 million aggregate principal amount of the Company’s 2.950% Senior Notes due 2031 (the “2031 Senior Notes”, and, together with the 2026 Senior Notes and the 2028 Senior Notes, the “Senior Notes”). On October 8, 2021, the Senior Notes issued on April 12, 2021 were exchanged for new notes. The terms of the new notes issued in the exchange are substantially identical to the notes issued in April 2021, except that the new notes are registered under the Securities Act of 1933, as amended (the “Securities Act”) and the transfer restrictions and registration rights applicable to the Senior Notes issued in April 2021 do not apply to the new notes.

The 2026 Senior Notes mature on April 15, 2026, the 2028 Senior Notes mature on April 15, 2028, and the 2031 Senior Notes mature on April 15, 2031. The stated and effective interest rates for the 2026 Senior Notes are 1.650% and 1.839%, respectively. The stated and effective interest rates for the 2028 Senior Notes are 2.450% and 2.554%, respectively. The stated and effective interest rates for the 2031 Senior Notes are 2.950% and 3.043%, respectively. The Company may redeem the Senior Notes, in whole or in part, at any time prior to their respective maturity at the redemption prices set forth in the indenture governing the Senior Notes. In addition, upon the occurrence of a change of control repurchase event (which involves the occurrence of both a change of control and a ratings event involving the Senior Notes being rated below investment grade), the Company will be required to make an offer to repurchase the Senior Notes at a price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the repurchase date. The indenture governing the Senior Notes also contains certain limited covenants restricting the Company’s ability to incur certain liens, enter into certain sale and leaseback transactions and merge or consolidate with any other entity or convey, transfer or lease all or substantially all of the Company’s properties or assets to another person, which, in each case, are subject to certain qualifications and exceptions. As of July 29, 2023, the Company had $2.0 billion Senior Notes borrowings outstanding.

2023 and 2028 Senior Unsecured Notes

On June 22, 2018, the Company’s Bermuda-based parent company Marvell Technology Group, Ltd. (“MTG”) completed a public offering of (i) $500.0 million aggregate principal amount of 4.200% Senior Notes due 2023 (the “MTG 2023 Notes”) and (ii) $500.0 million aggregate principal amount of 4.875% Senior Notes due 2028 (the “MTG 2028 Notes” and, together with the MTG 2023 Notes, the “MTG Senior Notes”).

In April 2021, in conjunction with the Company’s U.S. domiciliation, the Company commenced Exchange Offers on April 19, 2021 for the outstanding $1.0 billion in aggregate principal amount of the MTG Senior Notes outstanding in exchange for corresponding senior notes to be issued by the Company’s U.S. domiciled parent MTI. MTI made an offer to (i) exchange any and all of the outstanding MTG 2023 Notes for up to an aggregate principal amount of $500.0 million of new 4.200% Senior Notes due 2023 issued by MTI (the “MTI 2023 Notes”) and to (ii) exchange any and all of the outstanding MTG 2028 Notes for up to an aggregate principal amount of $500.0 million of new 4.875% Senior Notes due 2028 issued by MTI (the “MTI 2028 Notes” and, together with the MTI 2023 Notes, the “MTI Senior Notes”). Each new series of MTI Senior Notes have the same interest rate, maturity date, redemption terms and interest payment dates and are subject to substantially similar covenants as the corresponding series of the MTG Senior Notes for which they were offered in exchange.

The settlement of the Exchange Offers occurred on May 4, 2021 with $433.9 million aggregate principal amount of the MTG 2023 Notes and $479.5 million aggregate principal amount of the MTG 2028 Notes. The exchange was accounted for as a debt modification in accordance with applicable accounting guidance. On December 16, 2021, the MTI Senior Notes issued on May 4, 2021 were exchanged for new notes. The terms of the new notes issued in the exchange are substantially identical to the notes issued in May 2021, except that the new notes are registered under the Securities Act and the transfer restrictions and registration rights applicable to the MTI Senior Notes issued in May 2021 do not apply to the new notes.

The MTI 2023 Notes and MTG 2023 Notes with aggregate principal of $500.0 million matured on June 22, 2023 and was repaid.

The MTI 2028 Notes mature on June 22, 2028. The stated and effective interest rates for the MTI 2028 Notes are 4.875% and 4.988%, respectively. The Company may redeem the MTI Senior Notes, in whole or in part, at any time prior to their maturity at the redemption prices set forth in MTI Senior Notes. In addition, upon the occurrence of a change of control repurchase event (which involves the occurrence of both a change of control and a ratings event involving the MTI Senior Notes being rated below investment grade), the Company will be required to make an offer to repurchase the MTI Senior Notes at a price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the repurchase date. The indenture governing the MTI Senior Notes also contains certain limited covenants restricting the Company’s ability to incur certain liens, enter into certain sale and leaseback transactions and merge or consolidate with any other entity or convey, transfer or lease all or substantially all of the Company’s properties or assets to another person, which, in each case, are subject to certain qualifications and exceptions.

The MTG 2028 Notes mature on June 22, 2028. The stated and effective interest rates for the MTG 2028 Notes are 4.875% and 4.940%, respectively. The Company may redeem the MTG Senior Notes, in whole or in part, at any time prior to their maturity at the redemption prices set forth in MTG Senior Notes.

As of July 29, 2023, the Company had $499.9 million borrowings outstanding from MTI 2028 Notes and MTG 2028 Notes.

Interest Expense and Future Contractual Maturities

During the three and six months ended July 29, 2023, the Company recognized $51.9 million and $102.4 million, respectively, of interest expense in its unaudited condensed consolidated statements of operations related to interest, amortization of debt issuance costs and accretion of discount associated with the outstanding debt.

During the three and six months ended July 30, 2022, the Company recognized $37.4 million and $70.3 million, respectively, of interest expense in its unaudited condensed consolidated statements of operations related to interest, amortization of debt issuance costs and accretion of discount associated with the outstanding debt.

As of July 29, 2023, the aggregate future contractual maturities of the Company’s outstanding debt, at face value, were as follows (in millions):


Fiscal Year	Amount
Remainder of 2024	$	243.8
2025	844.4
2026	131.2
2027	959.4
2028	—
Thereafter	1,999.9
Total	$	4,178.7

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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+ Details

Income Tax (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022	Apr. 29, 2023
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ (44.1)	$ (0.5)	$ (107.5)	$ 204.4
Federal statutory income tax rate, percent			21.00%
Tax savings, effect on net income per share (less than) (in dollars per share)			$ 0.01
Deferred tax assets					$ 213.6
Decrease in uncertain tax positions	24.4		$ 24.4
Cash, cash equivalents and short-term investments	423.4		423.4
Deferred tax liability, undistributed earnings of foreign subsidiaries	110.3		110.3
Foreign Subsidiaries
Income Tax Contingency [Line Items]
Cash, cash equivalents and short-term investments	$ 352.1		$ 352.1
Singapore Economic Development Board
Income Tax Contingency [Line Items]
Income tax holiday, expiration term	5 years		5 years

Restructuring - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022	Apr. 29, 2023	Jan. 28, 2023
Restructuring and Related Activities [Abstract]
Restructuring related charges	$ 42,000	$ 1,200	$ 101,900	$ 2,500
Restructuring reserve, current	32,800		32,800		$ 32,800	$ 4,200
Restructuring reserve, noncurrent	$ 1,000		$ 1,000		$ 1,000

Revenue

6 Months Ended

Jul. 29, 2023

Revenue from Contract with Customer [Abstract]

Revenue

The majority of the Company’s revenue is generated from sales of the Company’s products.

The following table summarizes net revenue disaggregated by end market (in millions, except percentages):


	Three Months Ended								Six Months Ended
	July 29, 2023		% of Total		July 30, 2022		% of Total		July 29, 2023		% of Total		July 30, 2022		% of Total
Net revenue by end market:
Data center	$	459.8	34	%	$	643.4	42	%	$	895.6	34	%	$	1,283.9	43	%
Enterprise networking	327.7		24	%	340.3		22	%	692.3		26	%	626.9		21	%
Carrier infrastructure	275.5		21	%	285.2		19	%	565.4		21	%	537.2		18	%
Consumer	167.7		13	%	164.4		11	%	309.8		12	%	342.9		12	%
Automotive/industrial	110.2		8	%	83.6		6	%	199.5		7	%	172.9		6	%
	$	1,340.9			$	1,516.9			$	2,662.6			$	2,963.8

The following table summarizes net revenue disaggregated by primary geographical market based on destination of shipment (in millions, except percentages):


	Three Months Ended								Six Months Ended
	July 29, 2023		% of Total		July 30, 2022		% of Total		July 29, 2023		% of Total		July 30, 2022		% of Total
Net revenue based on destination of shipment:
China	$	569.3	42	%	$	693.6	46	%	$	1,085.0	41	%	$	1,337.6	45	%
United States	202.8		15	%	185.0		12	%	390.1		15	%	334.5		11	%
Finland	115.3		9	%	39.1		3	%	195.4		7	%	77.9		3	%
Singapore	70.9		5	%	67.1		4	%	183.2		7	%	117.2		4	%
Malaysia	39.5		3	%	113.9		8	%	138.0		5	%	195.1		7	%
Thailand	76.0		6	%	74.9		5	%	121.4		5	%	174.2		6	%
Taiwan	59.1		4	%	61.3		4	%	112.9		4	%	114.9		4	%


Japan	44.0		3	%	71.1		5	%	87.8		3	%	138.1		5	%






Other	164.0		13	%	210.9		13	%	348.8		13	%	474.3		15	%
	$	1,340.9			$	1,516.9			$	2,662.6			$	2,963.8

The following table summarizes net revenue disaggregated by customer type (in millions, except percentages):


	Three Months Ended								Six Months Ended
	July 29, 2023		% of Total		July 30, 2022		% of Total		July 29, 2023		% of Total		July 30, 2022		% of Total
Net revenue by customer type:
Direct customers	$	857.3	64	%	$	976.0	64	%	$	1,748.1	66	%	$	1,969.9	66	%
Distributors	483.6		36	%	540.9		36	%	914.5		34	%	993.9		34	%
	$	1,340.9			$	1,516.9			$	2,662.6			$	2,963.8

Contract Liabilities

Contract liabilities consist of the Company’s obligation to transfer goods or services to a customer for which the Company has received consideration or the amount is due from the customer. Contract liability balances are comprised of deferred revenue. The amount of revenue recognized during the six months ended July 29, 2023 that was included in deferred revenue balance at January 28, 2023 was not material.

As of the end of a reporting period, some of the performance obligations associated with contracts will have been unsatisfied or only partially satisfied. In accordance with the practical expedients available in the guidance, the Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less.

Sales Commissions

The Company has elected to apply the practical expedient to expense commissions when incurred as the amortization period is typically one year or less. These costs are recorded in selling, general and administrative expenses in the unaudited condensed consolidated statements of operations.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Supplemental Financial Information (in millions) - Inventories (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Inventories:
Work-in-process	$ 632.7	$ 756.3
Finished goods	383.1	312.0
Inventories	$ 1,015.8	$ 1,068.3

Supplemental Financial Information (in millions) (Tables)

6 Months Ended

Jul. 29, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventories


	July 29, 2023		January 28, 2023
Inventories:
Work-in-process	$	632.7	$	756.3
Finished goods	383.1		312.0
Inventories	$	1,015.8	$	1,068.3

Schedule of Property and Equipment, Net


	July 29, 2023		January 28, 2023
Property and equipment, net:
Machinery and equipment	$	1,254.4	$	1,083.9
Land, buildings, and leasehold improvements	313.8		306.2
Computer software	118.1		114.5
Furniture and fixtures	31.2		30.9
	1,717.5		1,535.5
Less: Accumulated depreciation	(1,023.7)		(958.1)
Property and equipment, net	$	693.8	$	577.4

Schedule of Other Non-current Assets


	July 29, 2023		January 28, 2023
Other non-current assets:
Prepaid ship and debits	$	498.7	$	481.3
Technology licenses	343.0		439.5
Prepayments on supply capacity reservation agreements	291.3		282.3
Operating right-of-use assets	205.0		211.3


Non-marketable equity investments	35.7		36.1
Other	67.4		58.3
Other non-current assets	$	1,441.1	$	1,508.8

Schedule of Current Accrued Liabilities


	July 29, 2023		January 28, 2023
Accrued liabilities:
Variable consideration estimates (1)	$	501.5	$	572.8
Accrued income tax payable	167.6		118.4
Technology license obligations	80.4		119.1
Accrued legal reserve	67.0		102.0
Accrued warranty expense	58.9		2.4
Deferred revenue	44.6		45.2
Lease liabilities - current portion	42.4		43.8
Accrued restructuring	32.8		4.2
Accrued interest payable	19.0		22.1


Other	54.3		62.0
Accrued liabilities	$	1,068.5	$	1,092.0

(1) Substantially all of the variable consideration estimate is comprised of the ship & debit accrual reserve, but also includes estimated customer returns, price discounts, price protection, rebates, and stock rotation programs.

Schedule of Other Non-current Liabilities


	July 29, 2023		January 28, 2023
Other non-current liabilities

Technology license obligations	$	219.3	$	267.0
Lease liabilities - non current	192.6		201.6
Deferred tax liabilities	71.6		64.2
Non-current income tax payable	34.2		28.5

Other	23.2		29.2
Other non-current liabilities	$	540.9	$	590.5

Changes in Accumulated Other Comprehensive Income (Loss) by Components

The changes in accumulated other comprehensive loss, net of tax, by components for the current period are presented in the following table:


	Unrealized Gain (Loss) on Cash Flow Hedges
Balance at January 28, 2023	$	—
Other comprehensive income (loss) before reclassifications	(2.4)
Amounts reclassified from accumulated other comprehensive income (loss)	1.4
Other comprehensive income (loss), net of tax	(1.0)
Balance at July 29, 2023	$	(1.0)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022
Cash flows from operating activities:
Net loss	$ (376.4)	$ (161.4)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	153.9	152.6
Stock-based compensation	296.0	275.6
Amortization of acquired intangible assets	541.8	544.3
Amortization of inventory fair value adjustment associated with acquisitions	0.0	15.6
Restructuring related impairment charges	31.4	1.9
Deferred income taxes	(226.7)	178.4
Other expense, net	21.7	22.3
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	(16.9)	(239.7)
Prepaid expenses and other assets	(39.3)	(184.9)
Inventories	52.5	(207.1)
Accounts payable	(86.8)	3.9
Accrued employee compensation	(59.0)	(53.7)
Accrued liabilities and other non-current liabilities	28.7	178.5
Net cash provided by operating activities	320.9	526.3
Cash flows from investing activities:
Purchases of technology licenses	(3.0)	(4.2)
Purchases of property and equipment	(210.9)	(109.5)
Acquisitions, net of cash acquired	(5.5)	(98.6)
Other, net	(0.3)	0.0
Net cash used in investing activities	(219.7)	(212.3)
Cash flows from financing activities:
Repurchases of common stock	0.0	(65.0)
Proceeds from employee stock plans	60.4	51.4
Tax withholding paid on behalf of employees for net share settlement	(123.8)	(171.7)
Dividend payments to stockholders	(103.1)	(102.0)
Payments on technology license obligations	(78.6)	(71.2)
Proceeds from borrowings	250.0	200.0
Principal payments of debt	(593.7)	(151.9)
Net cash used in financing activities	(588.8)	(310.4)
Net increase (decrease) in cash and cash equivalents	(487.6)	3.6
Cash and cash equivalents at beginning of period	911.0	613.5
Cash and cash equivalents at end of period	$ 423.4	$ 617.1

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
Balance at beginning of period (in shares) at Jan. 29, 2022		846.7
Balance at beginning of period at Jan. 29, 2022	$ 15,702.1	$ 1.7	$ 14,209.0		$ 1,491.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with equity incentive plans (in shares)		4.1
Issuance of common stock in connection with equity incentive plans	2.4		2.4
Tax withholdings related to net share settlement of restricted stock units	(137.6)		(137.6)
Stock-based compensation	129.7		129.7
Repurchase of common stock (in shares)		(0.3)
Repurchase of common stock	(15.0)		(15.0)
Cash dividends declared and paid ($0.06 per share)	(50.9)				(50.9)
Net income (loss)	(165.7)				(165.7)
Balance at end of period (in shares) at Apr. 30, 2022		850.5
Balance at end of period at Apr. 30, 2022	15,465.0	$ 1.7	14,188.5		1,274.8
Balance at beginning of period (in shares) at Jan. 29, 2022		846.7
Balance at beginning of period at Jan. 29, 2022	$ 15,702.1	$ 1.7	14,209.0		1,491.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)	(1.2)
Repurchase of common stock	$ (65.0)
Net income (loss)	(161.4)
Other comprehensive loss	0.0
Balance at end of period (in shares) at Jul. 30, 2022		852.5
Balance at end of period at Jul. 30, 2022	15,530.2	$ 1.7	14,300.5		1,228.0
Balance at beginning of period (in shares) at Apr. 30, 2022		850.5
Balance at beginning of period at Apr. 30, 2022	15,465.0	$ 1.7	14,188.5		1,274.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with equity incentive plans (in shares)		2.9
Issuance of common stock in connection with equity incentive plans	48.9		48.9
Tax withholdings related to net share settlement of restricted stock units	(34.1)		(34.1)
Stock-based compensation	147.2		147.2
Repurchase of common stock (in shares)		(0.9)
Repurchase of common stock	(50.0)		(50.0)
Cash dividends declared and paid ($0.06 per share)	(51.1)				(51.1)
Net income (loss)	4.3				4.3
Other comprehensive loss	0.0
Balance at end of period (in shares) at Jul. 30, 2022		852.5
Balance at end of period at Jul. 30, 2022	15,530.2	$ 1.7	14,300.5		1,228.0
Balance at beginning of period (in shares) at Jan. 28, 2023		856.1
Balance at beginning of period at Jan. 28, 2023	15,637.2	$ 1.7	14,512.0	$ 0.0	1,123.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with equity incentive plans (in shares)		3.8
Issuance of common stock in connection with equity incentive plans	8.3		8.3
Tax withholdings related to net share settlement of restricted stock units	(72.6)		(72.6)
Stock-based compensation	142.2		142.2
Cash dividends declared and paid ($0.06 per share)	(51.4)				(51.4)
Net income (loss)	(168.9)				(168.9)
Other comprehensive loss	(0.9)			(0.9)
Balance at end of period (in shares) at Apr. 29, 2023		859.9
Balance at end of period at Apr. 29, 2023	15,493.9	$ 1.7	14,589.9	(0.9)	903.2
Balance at beginning of period (in shares) at Jan. 28, 2023		856.1
Balance at beginning of period at Jan. 28, 2023	15,637.2	$ 1.7	14,512.0	0.0	1,123.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(376.4)
Other comprehensive loss	(1.0)
Balance at end of period (in shares) at Jul. 29, 2023		863.3
Balance at end of period at Jul. 29, 2023	15,389.5	$ 1.7	14,744.8	(1.0)	644.0
Balance at beginning of period (in shares) at Apr. 29, 2023		859.9
Balance at beginning of period at Apr. 29, 2023	15,493.9	$ 1.7	14,589.9	(0.9)	903.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with equity incentive plans (in shares)		3.4
Issuance of common stock in connection with equity incentive plans	52.1		52.1
Tax withholdings related to net share settlement of restricted stock units	(51.2)		(51.2)
Stock-based compensation	154.0		154.0
Cash dividends declared and paid ($0.06 per share)	(51.7)				(51.7)
Net income (loss)	(207.5)				(207.5)
Other comprehensive loss	(0.1)			(0.1)
Balance at end of period (in shares) at Jul. 29, 2023		863.3
Balance at end of period at Jul. 29, 2023	$ 15,389.5	$ 1.7	$ 14,744.8	$ (1.0)	$ 644.0

Net Income (Loss) Per Share - Anti-dilutive Potential Shares (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Stock-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average shares outstanding (in shares)	13.7	11.8	12.1	13.8

Supplemental Financial Information (in millions)

6 Months Ended

Jul. 29, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Information (in millions)

Consolidated Balance Sheets


	July 29, 2023		January 28, 2023
Inventories:
Work-in-process	$	632.7	$	756.3
Finished goods	383.1		312.0
Inventories	$	1,015.8	$	1,068.3


	July 29, 2023		January 28, 2023
Property and equipment, net:
Machinery and equipment	$	1,254.4	$	1,083.9
Land, buildings, and leasehold improvements	313.8		306.2
Computer software	118.1		114.5
Furniture and fixtures	31.2		30.9
	1,717.5		1,535.5
Less: Accumulated depreciation	(1,023.7)		(958.1)
Property and equipment, net	$	693.8	$	577.4


	July 29, 2023		January 28, 2023
Other non-current assets:
Prepaid ship and debits	$	498.7	$	481.3
Technology licenses	343.0		439.5
Prepayments on supply capacity reservation agreements	291.3		282.3
Operating right-of-use assets	205.0		211.3


Non-marketable equity investments	35.7		36.1
Other	67.4		58.3
Other non-current assets	$	1,441.1	$	1,508.8


	July 29, 2023		January 28, 2023
Accrued liabilities:
Variable consideration estimates (1)	$	501.5	$	572.8
Accrued income tax payable	167.6		118.4
Technology license obligations	80.4		119.1
Accrued legal reserve	67.0		102.0
Accrued warranty expense	58.9		2.4
Deferred revenue	44.6		45.2
Lease liabilities - current portion	42.4		43.8
Accrued restructuring	32.8		4.2
Accrued interest payable	19.0		22.1


Other	54.3		62.0
Accrued liabilities	$	1,068.5	$	1,092.0


	July 29, 2023		January 28, 2023
Other non-current liabilities

Technology license obligations	$	219.3	$	267.0
Lease liabilities - non current	192.6		201.6
Deferred tax liabilities	71.6		64.2
Non-current income tax payable	34.2		28.5

Other	23.2		29.2
Other non-current liabilities	$	540.9	$	590.5

Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss, net of tax, by components for the current period are presented in the following table:


	Unrealized Gain (Loss) on Cash Flow Hedges
Balance at January 28, 2023	$	—
Other comprehensive income (loss) before reclassifications	(2.4)
Amounts reclassified from accumulated other comprehensive income (loss)	1.4
Other comprehensive income (loss), net of tax	(1.0)
Balance at July 29, 2023	$	(1.0)

For the three and six months ended July 30, 2022, there were no reconciling differences between net loss and comprehensive loss.

Stock Repurchase Program

On November 17, 2016, the Company announced that its Board of Directors authorized a $1.0 billion stock repurchase plan with no fixed expiration. The stock repurchase program replaced in its entirety the prior $3.25 billion stock repurchase program. On October 16, 2018, the Company announced that its Board of Directors authorized a $700.0 million addition to the balance of its existing stock repurchase program. As of July 29, 2023, $449.5 million remained available for future stock repurchases. The Company intends to effect stock repurchases in accordance with the conditions of Rule 10b-18 under the Exchange Act, but may also make repurchases in the open market outside of Rule 10b-18 or in privately negotiated transactions. The stock repurchase program is subject to market conditions and other factors, and does not obligate the Company to repurchase any dollar amount or number of shares of its common stock and the repurchase program may be extended, modified, suspended or discontinued at any time.

During the three and six months ended July 29, 2023, the Company did not repurchase shares of its common stock. During the three months ended July 30, 2022, the Company repurchased 0.9 million shares of its common stock for $50.0 million pursuant to a 10b5-1 trading plan. During the six months ended July 30, 2022, the Company repurchased 1.2 million shares of its common stock for $65.0 million, including 0.9 million shares of its common stock repurchased for $50.0 million pursuant to a 10b5-1 trading plan. The Company records all repurchases, as well as investment purchases and sales, based on their trade date. The repurchased shares are retired immediately after repurchases are completed.

Subsequent to quarter end through August 18, 2023, the Company repurchased 0.8 million shares of its common stock for $50.0 million pursuant to a 10b5-1 trading plan.

Supplemental Financial Information (in millions) - Other Non-current Assets (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid ship and debits	$ 498.7	$ 481.3
Technology licenses	343.0	439.5
Prepayments on supply capacity reservation agreements	$ 291.3	$ 282.3
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets	Other non-current assets
Operating right-of-use assets	$ 205.0	$ 211.3
Non-marketable equity investments	35.7	36.1
Other	67.4	58.3
Other non-current assets	$ 1,441.1	$ 1,508.8

Supplemental Financial Information (in millions) - Narrative (Details) - USD ($) shares in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 18, 2023	Jul. 30, 2022	Apr. 30, 2022	Jul. 30, 2022	Jul. 29, 2023	Oct. 16, 2018	Nov. 17, 2016	Nov. 16, 2016
Business Acquisition [Line Items]
Authorized repurchase amount							$ 1,000,000,000	$ 3,250,000,000
Stock repurchase program, additional authorized amount						$ 700,000,000
Remaining available for future share repurchases (in shares)					$ 449,500,000
Repurchase of common stock (in shares)				1.2
Repurchase of common stock, value		$ 50,000,000.0	$ 15,000,000.0	$ 65,000,000
Trading Plan 10b5-1
Business Acquisition [Line Items]
Repurchase of common stock (in shares)		0.9		0.9
Repurchase of common stock, value		$ 50,000,000		$ 50,000,000
Trading Plan 10b5-1 \| Subsequent Event
Business Acquisition [Line Items]
Repurchase of common stock (in shares)	0.8
Repurchase of common stock, value	$ 50,000,000

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Commitments and Contingencies - Future Minimum Payments Under Technology License Obligations (Details) $ in Millions	Jul. 29, 2023 USD ($)
Purchase Commitments to Foundries and Test & Assembly Partners
Fiscal Year
Remainder of 2024	$ 469.1
2025	622.1
2026	613.9
2027	449.4
2028	185.4
Thereafter	533.5
Total unconditional purchase commitments	2,873.4
Technology License Fees
Fiscal Year
Remainder of 2024	57.9
2025	125.1
2026	45.4
2027	36.4
2028	36.5
Thereafter	157.0
Total unconditional purchase commitments	$ 458.3

Debt (Tables)

6 Months Ended

Jul. 29, 2023

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt at July 29, 2023 and January 28, 2023 (in millions):


	July 29, 2023		January 28, 2023
Face Value Outstanding:

2024 Term Loan - 3-Year Tranche	$	735.0	$	735.0
2026 Term Loan - 5-Year Tranche	743.8		787.5
Term Loan Total	1,478.8		1,522.5
2023 Revolving Credit Facility	200.0		—
Revolving Credit Facility Total	200.0		—
4.200% MTG/MTI 2023 Senior Notes	—		500.0
4.875% MTG/MTI 2028 Senior Notes	499.9		499.9


1.650% 2026 Senior Notes	500.0		500.0
2.450% 2028 Senior Notes	750.0		750.0
2.950% 2031 Senior Notes	750.0		750.0
Senior Notes Total	2,499.9		2,999.9



Total borrowings	$	4,178.7	$	4,522.4
Less: Unamortized debt discount and issuance cost	(25.6)		(30.3)
Net carrying amount of debt	$	4,153.1	$	4,492.1
Less: Current portion (1)	1,018.6		584.4

Non-current portion	$	3,134.5	$	3,907.7

Schedule of Aggregate Future Contractual Maturities of Debt

As of July 29, 2023, the aggregate future contractual maturities of the Company’s outstanding debt, at face value, were as follows (in millions):


Fiscal Year	Amount
Remainder of 2024	$	243.8
2025	844.4
2026	131.2
2027	959.4
2028	—
Thereafter	1,999.9
Total	$	4,178.7

Commitments and Contingencies

6 Months Ended

Jul. 29, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Warranty Obligations

The Company generally warrants that its products sold to its customers will conform to its approved specifications and be free from defects in material and workmanship under normal use and conditions for one year. The Company may offer a longer warranty period in limited situations based on product type and negotiated warranty terms with certain customers.

Commitments

The Company’s commitments primarily consist of wafer purchase obligations with foundry partners, supply capacity reservation payment commitments with foundries and test & assembly partners, and technology license fee obligations.

Total future unconditional purchase commitments as of July 29, 2023, are as follows (in millions):


Fiscal Year	Purchase Commitments to Foundries and Test & Assembly Partners		Technology License Fees
Remainder of 2024	$	469.1	$	57.9
2025	622.1		125.1
2026	613.9		45.4
2027	449.4		36.4
2028	185.4		36.5
Thereafter	533.5		157.0
Total unconditional purchase commitments	$	2,873.4	$	458.3

Technology license fees include the liabilities under agreements for technology licenses between the Company and various vendors.

Under the Company’s manufacturing relationships with its foundry partners, cancellation of outstanding purchase orders is allowed but requires payment of all costs and expenses incurred through the date of cancellation, and in some cases, may result in incremental fees, loss of amounts paid in advance, or loss of priority to reserved capacity for a period of time.

The Company entered into manufacturing supply capacity reservation agreements with foundries and test & assembly suppliers during the current and prior fiscal year. Under these arrangements, the Company agreed to pay capacity fees or refundable deposits to the suppliers in exchange for reserved manufacturing production capacity over the term of the agreements, which ranges from 4 to 10 years. In addition, the Company committed to certain purchase levels that were in line with the capacity reserved. The Company currently estimates that it has agreed to purchase level commitments of at least $2.5 billion of wafers, substrates, and other manufacturing products for the remainder of fiscal 2024 through fiscal 2033 under the capacity reservation agreements. In addition, total fees and refundable deposits payable under these arrangements are $59.5 million for the remainder of fiscal 2024 through fiscal 2026. Such purchase commitments are summarized in the preceding table.

In September 2021, the Company entered into an IP licensing agreement with a vendor which provides complete access to the vendor’s IP portfolio for 10 years. The arrangement provides access to IP over the term of the contract, including existing IP, as well as IP in development, and to be developed in the future. The contract provides support and maintenance over the term of the contract as well. Aggregate fees of $354 million are payable quarterly over the contract term.

Contingencies and Legal Proceedings

The Company currently is, and may from time to time become, subject to claims, lawsuits, governmental inquiries, inspections or investigations and other legal proceedings (collectively, “Legal Matters”) arising in the course of its business. Such Legal Matters, even if not meritorious, could result in the expenditure of significant financial and managerial resources.

During the third quarter of fiscal 2023, the Company entered into a settlement agreement with a customer in relation to a contractual dispute pursuant to which the Company agreed to pay the customer $100.0 million in cash over several quarters, for which $85.0 million of the settlement balance was accrued in the second quarter of fiscal 2023.

The Company is currently unable to predict the final outcome of its pending Legal Matters and therefore cannot determine the likelihood of loss or estimate a range of possible loss, except with respect to amounts where it has determined a loss is both probable and estimable and has made an accrual. The Company evaluates, at least on a quarterly basis, developments in its Legal Matters that could affect the amount of any accrual, as well as any developments that would result in a loss contingency to become both probable and reasonably estimable. In the second quarter of fiscal 2024, the Company recognized approximately $90.0 million of charges for product related claims; such claims remain unresolved as of the second quarter ended July 29, 2023. The ultimate outcome of these product related claims and other Legal Matters involves judgments, estimates and inherent uncertainties. An unfavorable outcome in a Legal Matter could require the Company to pay damages or could prevent the Company from selling some of its products in certain jurisdictions. While the Company cannot predict with certainty the results of the Legal Matters in which it is currently involved, the Company does not expect that the ultimate costs to resolve these Legal Matters will individually or in the aggregate have a material adverse effect on its financial condition, however, there can be no assurance that the current or any future Legal Matters will be resolved in a manner that is not adverse to the Company’s business, financial statements, results of operations or cash flows.

Indemnities, Commitments and Guarantees

During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These indemnities may include indemnities for general commercial obligations, indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease, and indemnities to directors and officers of the Company to the maximum extent permitted under the laws of Delaware. In addition, the Company has contractual commitments to various customers, which could require the Company to incur costs to repair an epidemic defect with respect to its products outside of the normal warranty period if such defect were to occur. The duration of these indemnities, commitments and guarantees varies, and in certain cases, is indefinite. Some of these indemnities, commitments and guarantees do not provide for any limitation of the maximum potential future payments that the Company could be obligated to make. In general, the Company does not record any liability for these indemnities, commitments and guarantees in the accompanying unaudited condensed consolidated balance sheets as the amounts cannot be reasonably estimated and are not considered probable. The Company does, however, accrue for losses for any known contingent liability, including those that may arise from indemnification provisions, when future payment is probable and estimable.

Intellectual Property Indemnification

In addition to the above indemnities, the Company has agreed to indemnify certain customers for claims made against the Company’s products where such claims allege infringement of third-party intellectual property rights, including, but not limited to, patents, registered trademarks, and/or copyrights. Under the aforementioned indemnification clauses, the Company may be obligated to defend the customer and pay for the damages awarded against the customer as well as the attorneys’ fees and costs under an infringement claim. The Company’s indemnification obligations generally do not expire after termination or expiration of the agreement containing the indemnification obligation. Generally, but not always, there are limits on and exceptions to the Company’s potential liability for indemnification. Historically the Company has not made significant payments under these indemnification obligations and the Company cannot estimate the amount of potential future payments, if any, that it might be required to make as a result of these agreements. The maximum potential amount of any future payments that the Company could be required to make under these indemnification obligations could be significant.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Income Statement [Abstract]
Net revenue	$ 1,340.9	$ 1,516.9	$ 2,662.6	$ 2,963.8
Cost of goods sold	819.8	730.9	1,584.3	1,426.9
Gross profit	521.1	786.0	1,078.3	1,536.9
Operating expenses:
Research and development	474.8	449.0	955.5	893.1
Selling, general and administrative	210.0	211.7	409.0	432.4
Legal settlement	0.0	85.0	0.0	100.0
Restructuring related charges	42.0	1.2	101.9	2.5
Total operating expenses	726.8	746.9	1,466.4	1,428.0
Operating income (loss)	(205.7)	39.1	(388.1)	108.9
Interest income	1.6	0.8	4.1	1.3
Interest expense	(53.8)	(39.8)	(106.5)	(76.1)
Other income, net	6.3	3.7	6.6	8.9
Interest and other loss, net	(45.9)	(35.3)	(95.8)	(65.9)
Income (loss) before income taxes	(251.6)	3.8	(483.9)	43.0
Provision (benefit) for income taxes	(44.1)	(0.5)	(107.5)	204.4
Net income (loss)	$ (207.5)	$ 4.3	$ (376.4)	$ (161.4)
Net income (loss) per share - basic (in dollars per share)	$ (0.24)	$ 0.01	$ (0.44)	$ (0.19)
Net income (loss) per share - diluted (in dollars per share)	$ (0.24)	$ 0.01	$ (0.44)	$ (0.19)
Weighted-average shares:
Basic (in shares)	860.9	850.9	858.8	849.4
Diluted (in shares)	860.9	857.9	858.8	849.4

Goodwill and Acquired Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022	Jan. 28, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 11,586.9		$ 11,586.9		$ 11,586.9
Weighted average remaining amortization period (years)			4 years 18 days		4 years 6 months 10 days
Amortization of acquired intangible assets	$ 271.8	$ 271.8	$ 541.8	$ 544.3
IPR&D \| Minimum
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period (years)			5 years
IPR&D \| Maximum
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period (years)			10 years
Consulting Services Entity Located in India
Finite-Lived Intangible Assets [Line Items]
Consideration transferred					$ 103.2
Goodwill					$ 73.6

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Commitment and Contingencies (Tables)

6 Months Ended

Jul. 29, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Contractual Obligation, Fiscal Year Maturity

Total future unconditional purchase commitments as of July 29, 2023, are as follows (in millions):


Fiscal Year	Purchase Commitments to Foundries and Test & Assembly Partners		Technology License Fees
Remainder of 2024	$	469.1	$	57.9
2025	622.1		125.1
2026	613.9		45.4
2027	449.4		36.4
2028	185.4		36.5
Thereafter	533.5		157.0
Total unconditional purchase commitments	$	2,873.4	$	458.3

Restructuring - Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Restructuring Cost and Reserve [Line Items]
Employee severance	$ 18.7	$ 0.3	$ 66.1	$ 0.9
Equipment	0.0	0.0	1.3	0.0
Other	2.8	0.9	5.9	1.6
Restructuring related charges	42.0	1.2	101.9	2.5
Server Processor Products \| Intellectual Property
Restructuring Cost and Reserve [Line Items]
Purchased IP licenses	$ 20.5	$ 0.0	$ 28.6	$ 0.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Debt - Future Maturities (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Fiscal Year
Remainder of 2024	$ 243.8
2025	844.4
2026	131.2
2027	959.4
2028	0.0
Thereafter	1,999.9
Total	$ 4,178.7	$ 4,522.4

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Jul. 29, 2023	Oct. 29, 2022	Jul. 29, 2023	Jul. 30, 2022
Long-term Purchase Commitment [Line Items]
Standard warranty period				1 year
Litigation settlement, amount awarded to other party			$ 100.0
Loss contingency accrual					$ 85.0
Charges for product related claims		$ 90.0
Wafers, Substrates, and Other Manufacturing Products
Long-term Purchase Commitment [Line Items]
Estimated commitment				$ 2,500.0
Fees payable		$ 59.5		$ 59.5
Wafers, Substrates, and Other Manufacturing Products \| Minimum
Long-term Purchase Commitment [Line Items]
Purchase commitment period				4 years
Wafers, Substrates, and Other Manufacturing Products \| Maximum
Long-term Purchase Commitment [Line Items]
Purchase commitment period				10 years
Technology License Fees
Long-term Purchase Commitment [Line Items]
Purchase commitment period	10 years
Fees payable	$ 354.0

Revenue - Net Revenue by End Market (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Disaggregation of Revenue [Line Items]
Net revenue	$ 1,340.9	$ 1,516.9	$ 2,662.6	$ 2,963.8
Product Concentration Risk \| Net Revenue
Disaggregation of Revenue [Line Items]
% of Total
Data center
Disaggregation of Revenue [Line Items]
Net revenue	$ 459.8	$ 643.4	$ 895.6	$ 1,283.9
Data center \| Product Concentration Risk \| Net Revenue
Disaggregation of Revenue [Line Items]
% of Total	34.00%	42.00%	34.00%	43.00%
Enterprise networking
Disaggregation of Revenue [Line Items]
Net revenue	$ 327.7	$ 340.3	$ 692.3	$ 626.9
Enterprise networking \| Product Concentration Risk \| Net Revenue
Disaggregation of Revenue [Line Items]
% of Total	24.00%	22.00%	26.00%	21.00%
Carrier infrastructure
Disaggregation of Revenue [Line Items]
Net revenue	$ 275.5	$ 285.2	$ 565.4	$ 537.2
Carrier infrastructure \| Product Concentration Risk \| Net Revenue
Disaggregation of Revenue [Line Items]
% of Total	21.00%	19.00%	21.00%	18.00%
Consumer
Disaggregation of Revenue [Line Items]
Net revenue	$ 167.7	$ 164.4	$ 309.8	$ 342.9
Consumer \| Product Concentration Risk \| Net Revenue
Disaggregation of Revenue [Line Items]
% of Total	13.00%	11.00%	12.00%	12.00%
Automotive/industrial
Disaggregation of Revenue [Line Items]
Net revenue	$ 110.2	$ 83.6	$ 199.5	$ 172.9
Automotive/industrial \| Product Concentration Risk \| Net Revenue
Disaggregation of Revenue [Line Items]
% of Total	8.00%	6.00%	7.00%	6.00%

Restructuring (Tables)

6 Months Ended

Jul. 29, 2023

Restructuring and Related Activities [Abstract]

Summary of Restructuring and Other Related Charges

The following table presents details related to the restructuring related charges as presented in the unaudited condensed consolidated statements of operations (in millions):


	Three Months Ended				Six Months Ended
	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Employee severance	$	18.7	$	0.3	$	66.1	$	0.9
Impairment and write-off of assets
Purchased IP licenses	20.5		—		28.6		—
Equipment	—		—		1.3		—
Other	2.8		0.9		5.9		1.6
	$	42.0	$	1.2	$	101.9	$	2.5

Schedule of Restructuring Reserve by Type of Cost

The following table sets forth a reconciliation of the beginning and ending restructuring liability balances by major type of cost associated with the restructuring charges (in millions):


	Employee Severance		Other		Total
Balance at January 28, 2023	$	3.6	$	1.4	$	5.0
Charges	66.1		35.8		101.9
Net cash payments	(53.6)		(6.4)		(60.0)
Non-cash items	—		(13.1)		(13.1)
Balance at July 29, 2023	16.1		17.7		33.8
Less: non-current portion	—		1.0		1.0
Current portion	$	16.1	$	16.7	$	32.8

Debt - Narrative (Details) - USD ($)				1 Months Ended	6 Months Ended
Debt - Narrative (Details) - USD ($)	Apr. 14, 2023	Apr. 12, 2021	Dec. 07, 2020	Dec. 31, 2020	Jul. 29, 2023	Nov. 30, 2020
Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 1,750,000,000
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 500,000,000
2024 Term Loan - 3-Year Tranche \| Term Loan
Debt Instrument [Line Items]
Debt term (in years)			3 years	3 years	3 years
Maximum borrowing capacity			$ 875,000,000	$ 875,000,000
2026 Term Loan - 5-Year Tranche \| Term Loan
Debt Instrument [Line Items]
Debt term (in years)			5 years	5 years	5 years
Maximum borrowing capacity			$ 875,000,000	$ 875,000,000
2020 Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt term (in years)				5 years
Maximum borrowing capacity			$ 750,000,000	$ 750,000,000
1.650% 2026 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Debt term (in years)		5 years
Aggregate principal amount		$ 500,000,000
2.450% 2028 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Debt term (in years)		7 years
Aggregate principal amount		$ 750,000,000
2.950% 2031 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Debt term (in years)		10 years
Aggregate principal amount		$ 750,000,000
2023 Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt term (in years)	5 years
Maximum borrowing capacity	$ 1,000,000,000				$ 1,000,000,000

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Current assets:
Cash and cash equivalents	$ 423.4	$ 911.0
Accounts receivable, net	1,209.2	1,192.2
Inventories	1,015.8	1,068.3
Prepaid expenses and other current assets	118.8	109.6
Total current assets	2,767.2	3,281.1
Property and equipment, net	693.8	577.4
Goodwill	11,586.9	11,586.9
Acquired intangible assets, net	4,560.2	5,102.0
Deferred tax assets	700.9	465.9
Other non-current assets	1,441.1	1,508.8
Total assets	21,750.1	22,522.1
Current liabilities:
Accounts payable	412.8	465.8
Accrued liabilities	1,068.5	1,092.0
Accrued employee compensation	185.3	244.5
Short-term debt	1,018.6	584.4
Total current liabilities	2,685.2	2,386.7
Long-term debt	3,134.5	3,907.7
Other non-current liabilities	540.9	590.5
Total liabilities	6,360.6	6,884.9
Commitments and contingencies (Note 4)
Stockholders’ equity:
Common stock, $0.002 par value	1.7	1.7
Additional paid-in capital	14,744.8	14,512.0
Accumulated other comprehensive loss	(1.0)	0.0
Retained earnings	644.0	1,123.5
Total stockholders’ equity	15,389.5	15,637.2
Total liabilities and stockholders’ equity	$ 21,750.1	$ 22,522.1

Goodwill and Acquired Intangible Assets, Net

6 Months Ended

Jul. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets, Net

Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired in a business combination.

During fiscal 2023, the Company completed acquisitions of several companies for total purchase consideration of $103.2 million, of which $73.6 million was allocated to goodwill. The purpose of the acquisitions was to expand engineering resources staff to address customer design opportunities, access additional intellectual property and support expansion of the Company’s networking solutions. The carrying value of goodwill as of July 29, 2023 and January 28, 2023 is $11.6 billion.

Acquired Intangible Assets, Net

As of July 29, 2023 and January 28, 2023, net carrying amounts excluding fully amortized intangible assets are as follows (in millions, except for weighted-average remaining amortization period):


	July 29, 2023
	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	5,015.0	$	(2,320.9)	$	2,694.1	4.19
Customer contracts and related relationships	2,179.0		(1,019.2)		1,159.8		3.77

Trade names	50.0		(22.7)		27.3		2.73
Total acquired amortizable intangible assets	$	7,244.0	$	(3,362.8)	$	3,881.2	4.05
IPR&D	679.0		—		679.0		n/a
Total acquired intangible assets	$	7,923.0	$	(3,362.8)	$	4,560.2


	January 28, 2023
	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	5,078.0	$	(2,014.5)	$	3,063.5	4.67
Customer contracts and related relationships	2,179.0		(853.2)		1,325.8		4.24
Trade names	66.0		(32.3)		33.7		3.11

Total acquired amortizable intangible assets	$	7,323.0	$	(2,900.0)	$	4,423.0	4.53
IPR&D	679.0		—		679.0		n/a
Total acquired intangible assets	$	8,002.0	$	(2,900.0)	$	5,102.0

The intangible assets are amortized on a straight-line basis over the estimated useful lives, except for certain Cavium customer contracts and related relationships, which are amortized using an accelerated method of amortization over the expected customer lives, which more closely align with the pattern of realization of economic benefits expected to be obtained. The IPR&D will be accounted for as an indefinite-lived intangible asset and will not be amortized until the underlying projects reach technological feasibility and commercial production at which point the IPR&D will be amortized over the estimated useful life. Useful lives for these IPR&D projects are expected to range between 5 to 10 years. In the event the IPR&D is abandoned, the related assets will be written off.

Amortization expense for acquired intangible assets for the three and six months ended July 29, 2023 was $271.8 million and $541.8 million, respectively. Amortization expense for acquired intangible assets for the three and six months ended July 30, 2022 was $271.8 million and $544.3 million, respectively.

The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of July 29, 2023 (in millions):


Fiscal Year	Amount
Remainder of 2024	$	551.7
2025	1,043.3
2026	989.5
2027	821.4
2028	264.6
Thereafter	210.7
	$	3,881.2

Net Income (Loss) Per Share - Computations of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jul. 29, 2023	Apr. 29, 2023	Jul. 30, 2022	Apr. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Numerator:
Net income (loss)	$ (207.5)	$ (168.9)	$ 4.3	$ (165.7)	$ (376.4)	$ (161.4)
Denominator:
Weighted average shares — basic (in shares)	860.9		850.9		858.8	849.4
Effect of dilutive securities:
Stock-based awards (in shares)	0.0		7.0		0.0	0.0
Weighted average shares — diluted (in shares)	860.9		857.9		858.8	849.4
Net income (loss) per share:
Basic (in dollars per share)	$ (0.24)		$ 0.01		$ (0.44)	$ (0.19)
Diluted (in dollars per share)	$ (0.24)		$ 0.01		$ (0.44)	$ (0.19)

Supplemental Financial Information (in millions) - Other Non-current Liabilities (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Technology license obligations	$ 219.3	$ 267.0
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities
Lease liabilities - non current	$ 192.6	$ 201.6
Deferred tax liabilities	71.6	64.2
Non-current income tax payable	34.2	28.5
Other	23.2	29.2
Other non-current liabilities	$ 540.9	$ 590.5

Insider Trading Arrangements

3 Months Ended

6 Months Ended

Jul. 29, 2023

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

(c) In the second quarter of fiscal 2024, the following trading plans were adopted or terminated by an executive officer or director of the Company:

Name

Title

Adopted or Terminated

Adoption/Termination Date

Plan Start Date

Plan End Date

Transactions

Officers

Sandeep Bharathi

Chief Development Officer

Adopted

6/27/2023

9/26/2023

5/31/2024

Sales

48,489

Dan Christman

EVP, Storage Products Group

Adopted

7/14/2023

10/16/2023

6/28/2024

Sales

30,000

Mitch Gaynor

Chief Administration Officer

Adopted

6/27/2023

10/16/2023

2/29/2024

Sales

40,000

Dean Jarnac

EVP, Worldwide Sales

Adopted

7/13/2023

10/16/2023

6/28/2024

Sales

15,000

Chris Koopmans

Chief Operations Officer

Adopted

7/14/2023

10/16/2023

7/31/2024

Sales

50,000

Willem Meintjes

Chief Financial Officer

Adopted

6/15/2023

9/18/2023

5/23/2024

Sales

8,864

Directors

Ford Tamer

Adopted

6/6/2023

9/6/2023

3/6/2024

Sales

90,000


(1)			Vesting of future performance shares are estimated based on target achievement.

(2)			If the plan covers "net" vested shares, then the current tax rate has been applied.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Sandeep Bharathi [Member]

Trading Arrangements, by Individual

Name

Sandeep Bharathi

Title

Chief Development Officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

6/27/2023

Arrangement Duration

248 days

Aggregate Available

48,489

Dan Christman [Member]

Trading Arrangements, by Individual

Name

Dan Christman

Title

EVP, Storage Products Group

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

7/14/2023

Arrangement Duration

256 days

Aggregate Available

30,000

Mitch Gaynor [Member]

Trading Arrangements, by Individual

Name

Mitch Gaynor

Title

Chief Administration Officer

Rule 10b5-1 Arrangement Adopted

true

6/27/2023

136 days

40,000

Trading Arrangements, by Individual

Name

Dean Jarnac

Title

EVP, Worldwide Sales

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

7/13/2023

Arrangement Duration

256 days

Aggregate Available

15,000

Chris Koopmans [Member]

Trading Arrangements, by Individual

Name

Chris Koopmans

Title

Chief Operations Officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

7/14/2023

Arrangement Duration

289 days

Aggregate Available

50,000

Willem Meintjes [Member]

Trading Arrangements, by Individual

Name

Willem Meintjes

Title

Chief Financial Officer

Rule 10b5-1 Arrangement Adopted

true

6/15/2023

248 days

8,864

Trading Arrangements, by Individual

Name

Ford Tamer

Title

Directors

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

6/6/2023

Arrangement Duration

182 days

Aggregate Available

90,000

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Level 2 \| Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term convertible debt	$ 2,200.0	$ 2.7

Net Income (Loss) Per Share (Tables)

6 Months Ended

Jul. 29, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computations of basic and diluted net income (loss) per share are presented in the following table (in millions, except per share amounts):


	Three Months Ended				Six Months Ended
	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Numerator:
Net income (loss)	$	(207.5)	$	4.3	$	(376.4)	$	(161.4)


Denominator:
Weighted-average shares — basic	860.9		850.9		858.8		849.4
Effect of dilutive securities:
Stock-based awards	—		7.0		—		—

Weighted-average shares — diluted	860.9		857.9		858.8		849.4






Net income (loss) per share:
Basic	$	(0.24)	$	0.01	$	(0.44)	$	(0.19)
Diluted	$	(0.24)	$	0.01	$	(0.44)	$	(0.19)

Schedule of Anti-dilutive Potential Shares

Anti-dilutive potential shares are presented in the following table (in millions):

Three Months Ended

Six Months Ended

July 29,
2023

July 30,
2022

July 29,
2023

July 30,
2022

Weighted-average shares outstanding:

Stock-based awards

13.7

11.8

12.1

13.8

Goodwill and Acquired Intangible Assets, Net - Future Amortization (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 551.7
2025	1,043.3
2026	989.5
2027	821.4
2028	264.6
Thereafter	210.7
Net Carrying Amounts	$ 3,881.2	$ 4,423.0

Restructuring

6 Months Ended

Jul. 29, 2023

Restructuring and Related Activities [Abstract]

Restructuring

The Company continuously evaluates its existing operations to increase operational efficiency, decrease costs and increase profitability. In the first quarter of fiscal 2024, the Company initiated a restructuring plan to streamline the organization and optimize resources. The charges are mainly comprised of severance and other one-time termination benefits, impairment and write-off of purchased IP licenses and equipment, and other costs. The Company recorded restructuring and other related charges of $42.0 million and $101.9 million for the three and six months ended July 29, 2023, respectively. The Company expects these restructuring actions to be substantially completed by the end of fiscal 2024.

The following table presents details related to the restructuring related charges as presented in the unaudited condensed consolidated statements of operations (in millions):


	Three Months Ended				Six Months Ended
	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Employee severance	$	18.7	$	0.3	$	66.1	$	0.9
Impairment and write-off of assets
Purchased IP licenses	20.5		—		28.6		—
Equipment	—		—		1.3		—
Other	2.8		0.9		5.9		1.6
	$	42.0	$	1.2	$	101.9	$	2.5

The following table sets forth a reconciliation of the beginning and ending restructuring liability balances by major type of cost associated with the restructuring charges (in millions):


	Employee Severance		Other		Total
Balance at January 28, 2023	$	3.6	$	1.4	$	5.0
Charges	66.1		35.8		101.9
Net cash payments	(53.6)		(6.4)		(60.0)
Non-cash items	—		(13.1)		(13.1)
Balance at July 29, 2023	16.1		17.7		33.8
Less: non-current portion	—		1.0		1.0
Current portion	$	16.1	$	16.7	$	32.8

The current and non-current portions of the restructuring liability at July 29, 2023 of $32.8 million and $1.0 million are included as a component of accrued liabilities and other non-current liabilities respectively in the accompanying unaudited condensed consolidated balance sheets.

Fair Value Measurements - Fair Value, Assets and Liabilities (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Assets
Marketable equity investments	$ 12.6	$ 3.2
Severance pay fund	0.7	0.7
Total assets	22.9	154.6
Liabilities
Total liabilities	1.1
Non-marketable equity investments	35.7	36.1
Foreign currency forward contracts
Liabilities
Foreign currency forward contracts	1.1
Time deposits
Assets
Time deposits	9.6	150.7
Level 1
Assets
Marketable equity investments	12.6	3.2
Severance pay fund	0.0	0.0
Total assets	12.6	3.2
Liabilities
Total liabilities	0.0
Level 1 \| Foreign currency forward contracts
Liabilities
Foreign currency forward contracts	0.0
Level 1 \| Time deposits
Assets
Time deposits	0.0	0.0
Level 2
Assets
Marketable equity investments	0.0	0.0
Severance pay fund	0.7	0.7
Total assets	10.3	151.4
Liabilities
Total liabilities	1.1
Level 2 \| Foreign currency forward contracts
Liabilities
Foreign currency forward contracts	1.1
Level 2 \| Time deposits
Assets
Time deposits	9.6	150.7
Level 3
Assets
Marketable equity investments	0.0	0.0
Severance pay fund	0.0	0.0
Total assets	0.0	0.0
Liabilities
Total liabilities	0.0
Level 3 \| Foreign currency forward contracts
Liabilities
Foreign currency forward contracts	0.0
Level 3 \| Time deposits
Assets
Time deposits	$ 0.0	$ 0.0

Debt - Senior Unsecured Notes (Details) - USD ($) $ in Millions				1 Months Ended
	Jun. 22, 2023	May 04, 2021	Apr. 12, 2021	Apr. 30, 2021	Jul. 29, 2023	Jan. 28, 2023	Jun. 22, 2018
Debt Instrument [Line Items]
Debt outstanding					$ 4,153.1	$ 4,492.1
Senior Notes
Debt Instrument [Line Items]
Debt outstanding					$ 2,000.0
Redemption price percentage			101.00%	101.00%
Senior Notes \| 1.650% 2026 Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			$ 500.0
Stated interest rate			1.65%		1.65%
Effective interest rate			1.839%
Senior Notes \| 2.450% 2028 Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			$ 750.0
Stated interest rate			2.45%		2.45%
Effective interest rate			2.554%
Senior Notes \| 2.950% 2031 Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			$ 750.0
Stated interest rate			2.95%		2.95%
Effective interest rate			3.043%
Senior Notes \| MTG/MTI Senior Notes
Debt Instrument [Line Items]
Debt outstanding					$ 499.9
Senior Notes \| MTG Senior Notes
Debt Instrument [Line Items]
Debt outstanding				$ 1,000.0
Senior Notes \| MTG Senior Notes Due 2023
Debt Instrument [Line Items]
Aggregate principal amount							$ 500.0
Stated interest rate							4.20%
Principal amount exchanged		$ 433.9
Senior Notes \| MTG Senior Notes Due 2028
Debt Instrument [Line Items]
Aggregate principal amount				$ 500.0			$ 500.0
Stated interest rate				4.875%			4.875%
Principal amount exchanged		$ 479.5
Effective interest rate				4.94%
Senior Notes \| MTI Senior Notes Due 2023
Debt Instrument [Line Items]
Aggregate principal amount				$ 500.0
Stated interest rate				4.20%
Senior Notes \| MTI Senior Notes Due 2028
Debt Instrument [Line Items]
Stated interest rate				4.875%
Effective interest rate				4.988%
Senior Notes \| MTG And MTI Senior Notes Due In 2023
Debt Instrument [Line Items]
Stated interest rate					4.20%
Senior Notes \| MTI and MTG 2023 Notes
Debt Instrument [Line Items]
Repayments of senior notes	$ 500.0

Basis of Presentation	6 Months Ended
Basis of Presentation	Jul. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements of Marvell Technology, Inc. (“MTI”), a Delaware corporation, and its wholly owned subsidiaries (the “Company”), as of and for the three and six months ended July 29, 2023, have been prepared as required by the U.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted as permitted by the SEC. These unaudited condensed consolidated financial statements and related notes should be read in conjunction with the Company’s fiscal year 2023 audited financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 28, 2023. In the opinion of management, the financial statements include all adjustments, including normal recurring adjustments and other adjustments, that are considered necessary for fair presentation of the Company’s financial position and results of operations. All inter-company accounts and transactions have been eliminated. Operating results for the periods presented herein are not necessarily indicative of the results that may be expected for the entire year. Certain prior period amounts have been reclassified to conform to current period presentation. These financial statements should also be read in conjunction with the Company’s critical accounting policies included in the Company’s Annual Report on Form 10-K for the year ended January 28, 2023 and those included in this Quarterly Report on Form 10-Q below. All dollar amounts in the financial statements and tables in these notes, except per share amounts, are stated in millions of U.S. dollars unless otherwise noted. The Company’s fiscal year is the 52- or 53-week period ending on the Saturday closest to January 31. Accordingly, every fifth or sixth 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 consist of 14 weeks. Fiscal 2023 had a 52-week year. Fiscal 2024 is a 53-week year. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent liabilities. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, provisions for sales returns and allowances, inventory excess and obsolescence, goodwill and other intangible assets, restructuring, income taxes, litigation and other contingencies. Actual results could differ from these estimates and such differences could affect the results of operations reported in future periods. In the current macroeconomic environment, these estimates could require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, these estimates may change materially in future periods.

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jul. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The unaudited condensed consolidated financial statements of Marvell Technology, Inc. (“MTI”), a Delaware corporation, and its wholly owned subsidiaries (the “Company”), as of and for the three and six months ended July 29, 2023, have been prepared as required by the U.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted as permitted by the SEC.
Fiscal Period	The Company’s fiscal year is the 52- or 53-week period ending on the Saturday closest to January 31. Accordingly, every fifth or sixth 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 consist of 14 weeks. Fiscal 2023 had a 52-week year. Fiscal 2024 is a 53-week year.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent liabilities. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, provisions for sales returns and allowances, inventory excess and obsolescence, goodwill and other intangible assets, restructuring, income taxes, litigation and other contingencies. Actual results could differ from these estimates and such differences could affect the results of operations reported in future periods. In the current macroeconomic environment, these estimates could require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, these estimates may change materially in future periods.

Debt - Term Loan and Revolving Credit Facility (Details) - USD ($)			1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 14, 2023	Dec. 07, 2020	Dec. 31, 2020	Jul. 29, 2023	Apr. 29, 2023	Jul. 29, 2023	Jan. 28, 2023	Nov. 30, 2020
Line of Credit Facility [Line Items]
Total borrowings				$ 4,178,700,000		$ 4,178,700,000	$ 4,522,400,000
Debt outstanding				4,153,100,000		4,153,100,000	4,492,100,000
Term Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 1,750,000,000
Total borrowings				$ 1,478,800,000		$ 1,478,800,000	1,522,500,000
Term Loan \| 2024 Term Loan - 3-Year Tranche
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 875,000,000	$ 875,000,000
Debt term (in years)		3 years	3 years			3 years
Effective interest rate				4.292%		4.292%
Total borrowings				$ 735,000,000.0		$ 735,000,000.0	735,000,000.0
Term Loan \| 2024 Term Loan - 3-Year Tranche \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)						1.35%
Term Loan \| 2026 Term Loan - 5-Year Tranche
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 875,000,000	$ 875,000,000
Debt term (in years)		5 years	5 years			5 years
Effective interest rate				5.093%		5.093%
Repayments of debt						$ 43,700,000
Total borrowings				$ 743,800,000		$ 743,800,000	787,500,000
Term Loan \| 2026 Term Loan - 5-Year Tranche \| Debt Instrument, Redemption, Period One
Line of Credit Facility [Line Items]
Percentage of principal						1.25%
Term Loan \| 2026 Term Loan - 5-Year Tranche \| Debt Instrument, Redemption, Period Two
Line of Credit Facility [Line Items]
Percentage of principal						2.50%
Term Loan \| 2026 Term Loan - 5-Year Tranche \| Debt Instrument, Redemption, Period Three
Line of Credit Facility [Line Items]
Percentage of principal						3.75%
Term Loan \| 2026 Term Loan - 5-Year Tranche \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)						1.475%
Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity								$ 500,000,000
Total borrowings				200,000,000.0		$ 200,000,000.0	0
Line of Credit \| 2020 Revolving Credit Facility \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 750,000,000	$ 750,000,000
Debt term (in years)			5 years
Line of Credit \| 2023 Revolving Credit Facility \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,000,000,000			1,000,000,000		1,000,000,000
Debt term (in years)	5 years
Total borrowings				200,000,000.0		$ 200,000,000.0	0
Unused commitment fee percentage						0.175%
Proceeds from long-term lines of credit				50,000,000	$ 200,000,000
Repayments of lines of credit				50,000,000
Amount available for draw				800,000,000		$ 800,000,000
Notes
Line of Credit Facility [Line Items]
Total borrowings				2,499,900,000		2,499,900,000	$ 2,999,900,000
Debt outstanding				$ 2,000,000,000		$ 2,000,000,000

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jul. 29, 2023	Apr. 29, 2023	Jul. 30, 2022	Apr. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Pay vs Performance Disclosure
Net income (loss)	$ (207.5)	$ (168.9)	$ 4.3	$ (165.7)	$ (376.4)	$ (161.4)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
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-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (b)(2)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Subparagraph (b)
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-07(9))
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
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-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1A
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value Measurements (Tables)

6 Months Ended

Jul. 29, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis


	Fair Value Measurements at July 29, 2023
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:

Time deposits	$	—	$	9.6	$	—	$	9.6















Other non-current assets:
Marketable equity investments	12.6		—		—		12.6
Severance pay fund	—		0.7		—		0.7
Total assets	$	12.6	$	10.3	$	—	$	22.9
Liabilities
Accrued liabilities:
Foreign currency forward contracts	$	—	$	1.1	$	—	$	1.1


Total liabilities	$	—	$	1.1	$	—	$	1.1

As of July 29, 2023 and January 28, 2023, non-marketable equity investments had a carrying value of $35.7 million and $36.1 million, respectively, and are included in other non-current assets in the Company’s unaudited condensed consolidated balance sheets.


	Fair Value Measurements at January 28, 2023
	Level 1		Level 2		Level 3		Total
Items measured at fair value on a recurring basis:
Assets
Cash equivalents:

Time deposits	$	—	$	150.7	$	—	$	150.7















Other non-current assets:
Marketable equity investments	3.2		—		—		3.2
Severance pay fund	—		0.7		—		0.7
Total assets	$	3.2	$	151.4	$	—	$	154.6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (207.5)	$ 4.3	$ (376.4)	$ (161.4)
Other comprehensive loss, net of tax:
Net change in unrealized loss on cash flow hedges	(0.1)	0.0	(1.0)	0.0
Other comprehensive loss, net of tax	(0.1)	0.0	(1.0)	0.0
Comprehensive income (loss), net of tax	$ (207.6)	$ 4.3	$ (377.4)	$ (161.4)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Goodwill and Acquired Intangible Assets, Net (Tables)

6 Months Ended

Jul. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-lived Intangible Assets by Major Class

As of July 29, 2023 and January 28, 2023, net carrying amounts excluding fully amortized intangible assets are as follows (in millions, except for weighted-average remaining amortization period):


	July 29, 2023
	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	5,015.0	$	(2,320.9)	$	2,694.1	4.19
Customer contracts and related relationships	2,179.0		(1,019.2)		1,159.8		3.77

Trade names	50.0		(22.7)		27.3		2.73
Total acquired amortizable intangible assets	$	7,244.0	$	(3,362.8)	$	3,881.2	4.05
IPR&D	679.0		—		679.0		n/a
Total acquired intangible assets	$	7,923.0	$	(3,362.8)	$	4,560.2


	January 28, 2023
	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	5,078.0	$	(2,014.5)	$	3,063.5	4.67
Customer contracts and related relationships	2,179.0		(853.2)		1,325.8		4.24
Trade names	66.0		(32.3)		33.7		3.11

Total acquired amortizable intangible assets	$	7,323.0	$	(2,900.0)	$	4,423.0	4.53
IPR&D	679.0		—		679.0		n/a
Total acquired intangible assets	$	8,002.0	$	(2,900.0)	$	5,102.0

Schedule of Indefinite-lived Intangible Assets

As of July 29, 2023 and January 28, 2023, net carrying amounts excluding fully amortized intangible assets are as follows (in millions, except for weighted-average remaining amortization period):


	July 29, 2023
	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	5,015.0	$	(2,320.9)	$	2,694.1	4.19
Customer contracts and related relationships	2,179.0		(1,019.2)		1,159.8		3.77

Trade names	50.0		(22.7)		27.3		2.73
Total acquired amortizable intangible assets	$	7,244.0	$	(3,362.8)	$	3,881.2	4.05
IPR&D	679.0		—		679.0		n/a
Total acquired intangible assets	$	7,923.0	$	(3,362.8)	$	4,560.2


	January 28, 2023
	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	5,078.0	$	(2,014.5)	$	3,063.5	4.67
Customer contracts and related relationships	2,179.0		(853.2)		1,325.8		4.24
Trade names	66.0		(32.3)		33.7		3.11

Total acquired amortizable intangible assets	$	7,323.0	$	(2,900.0)	$	4,423.0	4.53
IPR&D	679.0		—		679.0		n/a
Total acquired intangible assets	$	8,002.0	$	(2,900.0)	$	5,102.0

Schedule of Finite-lived Intangible Assets, Future Amortization Expense

The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of July 29, 2023 (in millions):


Fiscal Year	Amount
Remainder of 2024	$	551.7
2025	1,043.3
2026	989.5
2027	821.4
2028	264.6
Thereafter	210.7
	$	3,881.2

Cover - shares shares in Millions	6 Months Ended
Cover - shares shares in Millions	Jul. 29, 2023	Aug. 18, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 29, 2023
Document Transition Report	false
Entity File Number	001-40357
Entity Registrant Name	MARVELL TECHNOLOGY, INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-3971597
Entity Address, Address Line One	1000 N. West Street, Suite 1200
Entity Address, City or Town	Wilmington
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19801
City Area Code	302
Local Phone Number	295-4840
Title of 12(b) Security	Common Stock, par value $0.002 per share
Trading Symbol	MRVL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		862.8
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001835632
Current Fiscal Year End Date	--02-03

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 29, 2023	Jan. 28, 2023
Statement of Financial Position [Abstract]
Common shares, par value (in dollars per share)	$ 0.002	$ 0.002

Debt - Summary of Borrowings and Outstanding Debt (Details) - USD ($) $ in Millions				1 Months Ended	6 Months Ended
	Apr. 14, 2023	Apr. 12, 2021	Dec. 07, 2020	Dec. 31, 2020	Jul. 29, 2023	Jan. 28, 2023
Debt Instrument [Line Items]
Total borrowings					$ 4,178.7	$ 4,522.4
Less: Unamortized debt discount and issuance cost					(25.6)	(30.3)
Net carrying amount of debt					4,153.1	4,492.1
Non-current portion					$ 3,134.5	$ 3,907.7
Weighted average interest rate					6.663%	4.448%
Term Loan
Debt Instrument [Line Items]
Total borrowings					$ 1,478.8	$ 1,522.5
Less: Current portion					1,018.6	584.4
Term Loan \| 2024 Term Loan - 3-Year Tranche
Debt Instrument [Line Items]
Total borrowings					$ 735.0	735.0
Debt term (in years)			3 years	3 years	3 years
Term Loan \| 2026 Term Loan - 5-Year Tranche
Debt Instrument [Line Items]
Total borrowings					$ 743.8	787.5
Debt term (in years)			5 years	5 years	5 years
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Total borrowings					$ 200.0	0.0
Line of Credit \| Revolving Credit Facility \| 2023 Revolving Credit Facility
Debt Instrument [Line Items]
Total borrowings					200.0	0.0
Debt term (in years)	5 years
Senior Notes
Debt Instrument [Line Items]
Total borrowings					2,499.9	2,999.9
Net carrying amount of debt					2,000.0
Senior Notes \| 4.200% MTG/MTI 2023 Senior Notes
Debt Instrument [Line Items]
Total borrowings					$ 0.0	500.0
Stated interest rate					4.20%
Senior Notes \| 4.875% MTG/MTI 2028 Senior Notes
Debt Instrument [Line Items]
Total borrowings					$ 499.9	499.9
Stated interest rate					4.875%
Senior Notes \| 1.650% 2026 Senior Notes
Debt Instrument [Line Items]
Total borrowings					$ 500.0	500.0
Stated interest rate		1.65%			1.65%
Debt term (in years)		5 years
Senior Notes \| 2.450% 2028 Senior Notes
Debt Instrument [Line Items]
Total borrowings					$ 750.0	750.0
Stated interest rate		2.45%			2.45%
Debt term (in years)		7 years
Senior Notes \| 2.950% 2031 Senior Notes
Debt Instrument [Line Items]
Total borrowings					$ 750.0	$ 750.0
Stated interest rate		2.95%			2.95%
Debt term (in years)		10 years

Restructuring - Restructuring Liability Balances by Type (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 29, 2023	Apr. 29, 2023	Jan. 28, 2023
Restructuring Reserve [Roll Forward]
Balance at January 28, 2023	$ 5,000
Charges	101,900
Net cash payments	(60,000)
Non-cash items	(13,100)
Balance at July 29, 2023	33,800
Less: non-current portion	1,000	$ 1,000
Current portion	32,800	$ 32,800	$ 4,200
Employee Severance
Restructuring Reserve [Roll Forward]
Balance at January 28, 2023	3,600
Charges	66,100
Net cash payments	(53,600)
Non-cash items	0
Balance at July 29, 2023	16,100
Less: non-current portion	0
Current portion	16,100
Other
Restructuring Reserve [Roll Forward]
Balance at January 28, 2023	1,400
Charges	35,800
Net cash payments	(6,400)
Non-cash items	(13,100)
Balance at July 29, 2023	17,700
Less: non-current portion	1,000
Current portion	$ 16,700

Supplemental Financial Information (in millions) - Property and Equipment, Net (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,717.5	$ 1,535.5
Less: Accumulated depreciation	(1,023.7)	(958.1)
Property and equipment, net	693.8	577.4
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,254.4	1,083.9
Land, buildings, and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	313.8	306.2
Computer software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	118.1	114.5
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 31.2	$ 30.9

Net Income (Loss) Per Share

6 Months Ended

Jul. 29, 2023

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

The Company reports both basic net income (loss) per share, which is based on the weighted-average number of common stock outstanding during the period, and diluted net income (loss) per share, which is based on the weighted-average number of common stock outstanding and potentially dilutive shares outstanding during the period.

The computations of basic and diluted net income (loss) per share are presented in the following table (in millions, except per share amounts):


	Three Months Ended				Six Months Ended
	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Numerator:
Net income (loss)	$	(207.5)	$	4.3	$	(376.4)	$	(161.4)


Denominator:
Weighted-average shares — basic	860.9		850.9		858.8		849.4
Effect of dilutive securities:
Stock-based awards	—		7.0		—		—

Weighted-average shares — diluted	860.9		857.9		858.8		849.4






Net income (loss) per share:
Basic	$	(0.24)	$	0.01	$	(0.44)	$	(0.19)
Diluted	$	(0.24)	$	0.01	$	(0.44)	$	(0.19)

Potential dilutive securities include dilutive common stock from stock-based awards attributable to the assumed exercise of stock options, restricted stock units and employee stock purchase plan shares using the treasury stock method. Under the treasury stock method, potential common stock outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive.

Anti-dilutive potential shares are presented in the following table (in millions):

Three Months Ended

Six Months Ended

July 29,
2023

July 30,
2022

July 29,
2023

July 30,
2022

Weighted-average shares outstanding:

Stock-based awards

13.7

11.8

12.1

13.8

Anti-dilutive potential shares from stock-based awards are excluded from the calculation of diluted earnings per share for all periods reported above because either their exercise price exceeded the average market price during the period or the stock-based awards were determined to be anti-dilutive based on applying the treasury stock method. Anti-dilutive potential shares from stock-based awards are excluded from the calculation of diluted earnings per share for the three and six months ended July 29, 2023, and the six months ended July 30, 2022 due to the net losses reported in those periods.