Filing Flows › Marvell Technology (MRVL) › Q2 FY27 › vs Q1 FY27
Marvell Technology (MRVL) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Marvell Technology's revenue rose $322M (+13%) from $2.4B in Q1 FY27 to $2.7B in Q2 FY27. The biggest changes: Data center +$339M (+18%); Communications and other −$17.3M (-3%). Gross margin 53.1% against 52.1% (+1.0 pts).
Marvell Technology, Q2 FY27: revenue $2.7B (+36% year over year), operating margin 16.8%, net earnings $308M, operating cash flow $606M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 53.1% | 52.1% | +1.0 pts |
| Operating margin | 16.8% | 14.0% | +2.7 pts |
| Net margin | 11.2% | 1.4% | +9.8 pts |
| Free cash flow margin | 17.5% | 20.0% | -2.5 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Data center | $2.2B | $1.8B | $339M | +18% |
| Communications and other | $568M | $585M | −$17.3M | -3% |
| Revenue | $2.7B | $2.4B | $322M | +13% |
| Gross profit | $1.5B | $1.3B | $195M | +15% |
| Cost of revenue | $1.3B | $1.2B | $127M | +11% |
| Operating profit | $460M | $339M | $120M | +35% |
| Operating expenses | $996M | $921M | $74.5M | +8% |
| Pre-tax earnings | $378M | $83.3M | $295M | +354% |
| Other expense, net | $81.4M | $256M | −$175M | -68% |
| Research & development | $741M | $652M | $88.8M | +14% |
| SG&A | $258M | $258M | −$800K | -0.3% |
| Net earnings | $308M | $34.5M | $274M | +793% |
| Income tax | $70.3M | $48.8M | $21.5M | +44% |
| Share-based compensation | $326M | $208M | $119M | +57% |
| Working capital & other | $28.7M | −$397M | $425M | — |
| Operating cash flow | $606M | $639M | −$33.3M | -5% |
| Free cash flow (OCF − capex) | $479M | $483M | −$4.3M | -0.9% |
| Capital expenditures | $127M | $156M | −$29.0M | -19% |
Questions
How much did Marvell Technology's revenue grow quarter over quarter in Q2 FY27?
Marvell Technology's revenue rose $322M (+13%) from $2.4B in Q1 FY27 to $2.7B in Q2 FY27.
What drove Marvell Technology's revenue change in Q2 FY27?
Data center +$339M (+18%); Communications and other −$17.3M (-3%).