As of Q3'26 (2025-11-01), MRVL reported Cash & Short-term Investments of USD 2.7B and Debt of USD 4.5B. This marks a significant increase in cash holdings compared to the previous quarter, while debt levels remained stable. Over the period from Q4'23 to Q3'26, MRVL's cash position showed notable fluctuations, with a sharp rise in Q3'26 after generally ranging between USD 400M and USD 1.2B. Debt levels, on the other hand, remained relatively stable, fluctuating within a narrow band around USD 4.1B to USD 4.7B. The recent surge in cash suggests a potential liquidity event or capital raise, while the consistent debt profile indicates stable leverage management throughout the observed quarters.