Marvell Technology

MRVL · Information Technology · Market cap $158B

Q1 FY27 May 2, 2026 reported May 28, 2026

Revenue$2.4B +28% year over year

Gross profit$1.3B

Operating profit$0.3B

Net profit$0B 1% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY27 (period ends May 2, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.4	100%	+28%
Data Center	1.8	75%	+27%
Communications and Other	0.6	25%	+29%
Cost of revenue	−1.2	50%
Gross profit	1.3	52% margin	+2pp
Research & development	−0.7	27%	+0pp
SG&A	−0.3	11%	+1pp
Operating profit	0.3	14% margin	+0pp
Interest & other costs	−0.3
Net profit	0	1%	−8pp

All figures in billions of U.S. dollars, for Q4 FY26 (period ends Jan 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.2	100%	+22%
CN	0.8	36%	+14%
Other Countries	0.6	27%	+24%
TW	0.5	23%	+67%
US	0.3	14%	−6%
Cost of revenue	−1.1	50%
Gross profit	1.1	52% margin	+1pp
Research & development	−0.5	24%	−3pp
SG&A	−0.2	9%	−2pp
Operating profit	0.4	18% margin	+5pp
Net profit	0.4	18%	+7pp

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Nov 1, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.1	100%	+37%
Data Center	1.5	71%	+38%
Enterprise Networking	0.2	10%	+57%
Carrier Infrastructure	0.2	10%	+98%
Consumer	0.1	5%	+21%
Cost of revenue	−1	48%
Gross profit	1.1	52% margin	+29pp
Research & development	−0.5	25%	−8pp
SG&A	−0.2	9%	−4pp
Operating profit	0.4	17% margin	+64pp
Tax	−0.4
Net profit	1.9	92%	+136pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Aug 2, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2	100%	+58%
Data Center	1.5	75%	+69%
Enterprise Networking	0.2	10%	+28%
Carrier Infrastructure	0.1	5%	+71%
Consumer	0.1	5%	+30%
Automotive and Industrial	0.1	5%	+0%
Cost of revenue	−1	50%
Gross profit	1	50% margin	+4pp
Research & development	−0.5	26%	−12pp
SG&A	−0.2	10%	−6pp
Operating profit	0.3	14% margin	+22pp
Interest & other costs	−0.1
Net profit	0.2	10%	+25pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY27	May 2, 2026	May 28, 2026	$2.4B	+28%	12%	$0B	1%
Q4 FY26	Nov 2, 2025 – Jan 31, 2026	Mar 11, 2026	$2.2B	+22%	18%	$0.4B	18%
Q3 FY26	Aug 3 – Nov 1, 2025	Dec 3, 2025	$2.1B	+37%	19%	$1.9B	92%
Q2 FY26	May 4 – Aug 2, 2025	Aug 29, 2025	$2B	+58%	15%	$0.2B	10%