Marvell Technology, Inc.MRVLEarnings & Financial Report
Marvell Technology, Inc. is an American company, headquartered in Santa Clara, California, which develops and produces semiconductors and related technology. Founded in 1995, the company had more than 6,500 employees as of 2024, with over 10,000 patents worldwide, and an annual revenue of $5.5 billion for fiscal 2024.
MRVL Q1 FY2027 Key Financial Metrics
Revenue
$2.2B
Gross Profit
$1.1B
Operating Profit
$1.5B
Net Profit
$396.1M
Gross Margin
51.7%
Operating Margin
66.5%
Net Margin
17.9%
YoY Growth
22.1%
EPS
$0.46
Marvell Technology, Inc. Q1 FY2027 Financial Summary
Marvell Technology, Inc. reported revenue of $2.2B (up 22.1% YoY) for Q1 FY2027, with a net profit of $396.1M (17.9% margin). Cost of goods sold was $1.1B.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $396.1M |
| Gross Margin | 51.7% |
| Operating Margin | 66.5% |
| Report Period | Q1 FY2027 |
Revenue Breakdown
Marvell Technology, Inc. Q1 FY2027 revenue of $2.2B breaks down across 2 segments, led by Data center at $1.7B (74.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Data center | $1.7B | 74.4% |
| Communications and other | $567.4M | 25.6% |
Marvell Technology, Inc. Annual Revenue by Year
Marvell Technology, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.8B).
Marvell Technology, Inc. Quarterly Revenue & Net Profit History
Marvell Technology, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2027 | $2.2B | +22.1% | $396.1M | 17.9% |
| Q3 FY2026 | $2.1B | +36.8% | $1.9B | 91.7% |
| Q2 FY2026 | $2.0B | +57.6% | $194.8M | 9.7% |
| Q1 FY2026 | $1.9B | +63.3% | $177.9M | 9.4% |
| Q4 FY2025 | $1.8B | +27.4% | $200.2M | 11.0% |
| Q3 FY2025 | $1.5B | +0.0% | $-676.3M | -44.6% |
| Q2 FY2025 | $1.3B | -10.3% | $-193.3M | -15.2% |
| Q1 FY2025 | $1.2B | -13.4% | $-215.6M | -18.6% |
Income Statement
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.27B | $1.52B | $1.82B | $1.90B | $2.01B | $2.07B | $2.22B |
| YoY Growth | -13.4% | -10.3% | 0.0% | 27.4% | 63.3% | 57.6% | 36.8% | 22.1% |
Balance Sheet
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $20.49B | $20.29B | $19.72B | $20.20B | $20.02B | $20.59B | $21.58B | $22.29B |
| Liabilities | $6.01B | $6.09B | $6.34B | $6.78B | $6.71B | $7.16B | $7.52B | $7.98B |
| Equity | $14.48B | $14.20B | $13.37B | $13.43B | $13.31B | $13.42B | $14.06B | $14.31B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $324.5M | $306.4M | $536.3M | $514.0M | $332.9M | $461.6M | $582.3M | $373.7M |