Filing Flows › Marvell Technology (MRVL) › Q2 FY27
Marvell Technology (MRVL) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 28, 2026
Marvell Technology (MRVL) reported revenue of $2.7B for the second quarter fiscal 2027 (Q2 FY27), +37% from a year earlier and +13% from the quarter before. Operating margin was 16.8%, net earnings $308M (11.2% of revenue).
Marvell Technology, Q2 FY27: revenue $2.7B (+36% year over year), operating margin 16.8%, net earnings $308M, operating cash flow $606M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +13% | +37% |
| Gross profit | $1.5B | +15% | +44% |
| Operating profit | $460M | +35% | +58% |
| Net earnings | $308M | +793% | +58% |
| Operating cash flow | $606M | -5% | +31% |
| Free cash flow | $479M | -0.9% | +16% |
What changed
Revenue was $2.7B in Q2 FY27, up 37% year over year and up 13% from the previous quarter. Data center was the largest line at 79% of revenue. Data center added $0.68B year over year (up 46%), 93% of the total change.
Gross margin was 53.1%, up 2.8 points from Q2 FY26. Operating profit was $0.46B, a 16.8% margin (up 2.3 points year over year). Of the extra revenue versus Q2 FY26, 23% reached operating profit, above the 14% margin then. Operating expenses grew 38% against revenue growth of 37%. The fastest-growing cost line was Research & development (+43%). Net earnings were $0.31B, up 58% year over year. The effective tax rate was 18.6%.
Operating cash flow was $0.61B (up 31% year over year), 197% of net earnings. Non-cash charges added back $0.33B of share-based compensation. Capital expenditures of $0.13B left free cash flow of $0.48B.
Questions
What was Marvell Technology's revenue in the second quarter fiscal 2027?
Marvell Technology (MRVL) reported revenue of $2.7B for the second quarter fiscal 2027 (Q2 FY27), +37% from a year earlier and +13% from the quarter before.
Was Marvell Technology profitable in the second quarter fiscal 2027?
Operating profit was $460M (16.8% of revenue) and net earnings $308M.
Source: Marvell Technology 10-Q on SEC EDGAR.