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How Marvell Technology (MRVL) makes money

Marvell Technology (MRVL) made $2.7B of revenue in the second quarter fiscal 2027 (Q2 FY27), +37% from a year earlier. Data center brought in $2.2B (79%); Communications and other brought in $568M (21%). Of every dollar of revenue, 53¢ was left as gross profit, 17¢ was left as operating profit, 11¢ was left as net earnings.

Drawing the Sankey…

Marvell Technology revenue by segment, Q2 FY27Marvell Technology revenue by segment, Q2 FY27Data center$2.2BCommunications and other$568M
Marvell Technology revenue by quarterMarvell Technology revenue by quarter$1.8BQ4 FY25$1.9BQ1 FY26$2.0BQ2 FY26$2.1BQ3 FY26$2.2BQ4 FY26$2.4BQ1 FY27$2.7BQ2 FY27
Marvell Technology: where each dollar of revenue goesMarvell Technology: where each dollar of revenue goesCost of revenue47¢Gross profit53¢Operating expenses36¢Operating profit17¢Income tax3¢Net earnings11¢Operating cash flow22¢Free cash flow17¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Data center$2.2B79.3%+18%+46%
Communications and other$568M20.7%-3%+10%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$2.7B100.0%
Cost of revenue$1.3B46.9%
Gross profit$1.5B53.1%
Operating expenses$996M36.4%
Operating profit$460M16.8%
Income tax$70.3M2.6%
Net earnings$308M11.2%
Operating cash flow$606M22.1%
Free cash flow$479M17.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$2.7B+36%
Q1 FY27$2.4B+28%
Q4 FY26$2.2B+22%
Q3 FY26$2.1B+37%
Q2 FY26$2.0B+58%
Q1 FY26$1.9B+63%
Q4 FY25$1.8B+27%

From Marvell Technology's 10-Q filed Aug 28, 2026 (on EDGAR).

Questions

How does Marvell Technology make money?

Marvell Technology (MRVL) made $2.7B of revenue in the second quarter fiscal 2027 (Q2 FY27), +37% from a year earlier. Data center brought in $2.2B (79%); Communications and other brought in $568M (21%). Of every dollar of revenue, 53¢ was left as gross profit, 17¢ was left as operating profit, 11¢ was left as net earnings.

What is Marvell Technology's biggest business?

Data center: $2.2B in the second quarter fiscal 2027, 79% of revenue, +46% from a year earlier.

What is Marvell Technology's profit margin?

Net earnings were $308M, 11.2% of revenue, in the second quarter fiscal 2027; the operating margin was 16.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.