Filing Flows › Marvell Technology (MRVL) › Q1 FY27
Marvell Technology (MRVL) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 28, 2026
Marvell Technology (MRVL) reported revenue of $2.4B for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and +9% from the quarter before. Operating margin was 14.0%, net earnings $34.5M (1.4% of revenue).
Marvell Technology, Q1 FY27: revenue $2.4B (+28% year over year), operating margin 14.0%, net earnings $34.5M, operating cash flow $639M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +9% | +28% |
| Gross profit | $1.3B | +10% | +32% |
| Operating profit | $339M | -16% | +25% |
| Net earnings | $34.5M | -91% | -81% |
| Operating cash flow | $639M | +71% | +92% |
| Free cash flow | $483M | +86% | +126% |
What changed
Revenue was $2.4B in Q1 FY27, up 28% year over year and up 9% from the previous quarter. Data center was the largest line at 76% of revenue. Data center added $0.39B year over year (up 27%), 75% of the total change.
Gross margin was 52.1%, up 1.9 points from Q1 FY26. Operating profit was $0.34B, a 14.0% margin (down 0.2 points year over year). Of the extra revenue versus Q1 FY26, 13% reached operating profit, below the 14% margin then. Operating expenses grew 35% against revenue growth of 28%. Net earnings were $0.03B, down 81% year over year. The effective tax rate was 58.6%.
Operating cash flow was $0.64B (up 92% year over year), 1852% of net earnings. Non-cash charges added back $0.21B of share-based compensation. Working capital and other items added $0.40B. Capital expenditures of $0.16B left free cash flow of $0.48B.
Questions
What was Marvell Technology's revenue in the first quarter fiscal 2027?
Marvell Technology (MRVL) reported revenue of $2.4B for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and +9% from the quarter before.
Was Marvell Technology profitable in the first quarter fiscal 2027?
Operating profit was $339M (14.0% of revenue) and net earnings $34.5M.
Source: Marvell Technology 10-Q on SEC EDGAR.