Filing Flows › Marvell Technology (MRVL) › Q1 FY26
Marvell Technology (MRVL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed May 30, 2025
Marvell Technology (MRVL) reported revenue of $1.9B for the first quarter fiscal 2026 (Q1 FY26), +63% from a year earlier and +4% from the quarter before. Operating margin was 14.3%, net earnings $178M (9.4% of revenue).
Marvell Technology, Q1 FY26: revenue $1.9B (+63% year over year), operating margin 14.3%, net earnings $178M, operating cash flow $333M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +4% | +63% |
| Gross profit | $952M | +4% | +80% |
| Operating profit | $271M | +15% | — |
| Net earnings | $178M | -11% | — |
| Operating cash flow | $333M | -35% | +3% |
| Free cash flow | $214M | -52% | -8% |
What changed
Revenue was $1.9B in Q1 FY26, up 63% year over year and up 4% from the previous quarter. Data center was the largest line at 76% of revenue. Data center added $0.62B year over year (up 76%), 85% of the total change. Automotive/industrial declined 2%.
Gross margin was 50.3%, up 4.8 points from a year earlier. Operating profit was $0.27B, a 14.3% margin (up 27.4 points year over year). Operating expenses grew 0% against revenue growth of 63%. Net earnings were $0.18B. The effective tax rate was 17.6%.
Operating cash flow was $0.33B (up 3% year over year), 187% of net earnings. Non-cash charges added back $0.14B of share-based compensation. Capital expenditures of $0.12B left free cash flow of $0.21B.
Questions
What was Marvell Technology's revenue in the first quarter fiscal 2026?
Marvell Technology (MRVL) reported revenue of $1.9B for the first quarter fiscal 2026 (Q1 FY26), +63% from a year earlier and +4% from the quarter before.
Was Marvell Technology profitable in the first quarter fiscal 2026?
Operating profit was $271M (14.3% of revenue) and net earnings $178M.
Source: Marvell Technology 10-Q on SEC EDGAR.