← Who reports today · Information Technology
How Marvell Technology (MRVL) makes money: Q2 FY2027 revenue breakdown
US GAAP · $M · vs Q2 FY2026 · quarter ended 08/01/2026 (fiscal year is shifted) · reported 08/27/2026
Marvell Technology, Inc. is an American company, headquartered in Santa Clara, California, which develops and produces semiconductors and related technology. · Wikipedia
More about the company
Founded in 1995, the company had close to 7,500 employees as of 2026, with over 10,000 patents worldwide, and an annual revenue of $8.2 billion for fiscal 2026.
Key growth driver: Data Center — the fastest-growing revenue line: $2,171.5, +46% y/y. · by the Q2 FY2027 report
How does Marvell Technology make money?
Marvell Technology brought in $2.74 billion of revenue in Q2 FY2027, up 37% year over year. The largest source was Data Center: $2.17 billion, or 79% of the total, followed by Communications & Other ($568M, 21%). Net income for the quarter was $308 million, up 58.1% year over year.
Revenue by source, Q2 FY2027
- Data Center$2.17B · 79% · +46%
- Communications & Other$568M · 21% · +10%
Shares of $2.74B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is MRVL’s next earnings date?
Tuesday, December 1, 2026estimated
Marvell Technology (MRVL) has not announced the date yet.
How we estimate
Our estimate: Dec 1, 2026 — exactly 52 weeks after the same-quarter report a year ago (Dec 2, 2025, per its SEC filing). Companies usually keep the same week; the date will be replaced once MRVL confirms it.
What time does MRVL report? Usually after market close: the last 4 results releases reached the SEC at 4:05 pm, 4:06 pm, 4:06 pm, 4:11 pm ET.
Last report: Aug 27, 2026 (Q2 FY2027) — broken down in the Sankey chart below. Who else reports this week →
All figures in $M.
Revenue
$2,739.3
+37%
Gross profit
$1,455.6
+44.0%
53.1% GAAP, 58.9% non-GAAP
Operating income
$459.7
+58.5%
16.8% margin
Net income
$308.0
+58.1%
$0.33 diluted EPS
Verdict: a record quarter — revenue $2.74B, up 37% y/y, with data center up 46% and now 79% of the business. GAAP net income rose 58% to $308.0M, but the gap to $865.9M of non-GAAP income is wide: $214.9M of amortisation of acquired intangibles plus stock-based compensation still sit between the two.
Data center revenue $2,171.5M, +46% y/y and +18% sequentially. Cash flow from operations $605.5M. Q3 FY2027 guidance: revenue $3.15B ±5%, GAAP diluted EPS $0.53 ±$0.05.
Source and notation
* marks non-cash / ≈ estimated. Source: Marvell press release (8-K EX-99), SEC EDGAR.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
MRVL earnings history: past report dates
| Aug 27, 2026 Thu | 4:05 pmafter market close | Aug 1, 2026 | $2.7B+37% y/y | $0.33+50% y/y |
| May 27, 2026 Wed | 4:06 pmafter market close | May 2, 2026 | $2.4B+28% y/y | $0.04−80% y/y |
| Mar 5, 2026 Thu | 4:06 pmafter market close | Jan 31, 2026 | ≈$2.2B+22% y/y | ≈$0.45+96% y/y |
| Dec 2, 2025 Tue | 4:11 pmafter market close | Nov 1, 2025 | $2.1B+37% y/y | $2.20 |
| Aug 28, 2025 Thu | 4:06 pmafter market close | Aug 2, 2025 | $2.0B+58% y/y | $0.22 |
| May 29, 2025 Thu | 4:06 pmafter market close | May 3, 2025 | $1.9B+63% y/y | $0.20 |
| Mar 5, 2025 Wed | 4:09 pmafter market close | Feb 1, 2025 | ≈$1.8B+27% y/y | ≈$0.23 |
| Dec 3, 2024 Tue | 4:06 pmafter market close | Nov 2, 2024 | $1.5B+7% y/y | −$0.78−311% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Marvell Technology: 5-year financials
| FY2026 | 8,195 | 1,323 | 2,670 | 1,396 | 205 |
| FY2025 | 5,767 | −720 | −885 | 1,397 | 208 |
| FY2024 | 5,508 | −568 | −933 | 1,034 | 207 |
| FY2023 | 5,920 | 238 | −164 | 1,083 | 204 |
| FY2022 | 4,462 | −348 | −421 | 650 | 191 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP); the company’s fiscal year doesn’t match the calendar year so years follow the company’s own labels.
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
0.5/2poor
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Sep 2019SEC: Marvell will pay $5.5M for misleading investors — the company concealed that it was pulling in sales from future quarters to meet its revenue guidance. sec.gov ↗
- Dec 2017Marvell settled the Plumbers and Pipefitters National Pension Fund shareholder class action for $72.5M. sec.gov ↗
- Jan 2026Diluted share count rose 30% over FY2021–FY2026, 19% of it in FY2022 after the Inphi acquisition; SBC is 7.2% of revenue. data.sec.gov ↗
Scoring: 2.0 −0.5 (criterion 1: shares up 30% over 5 years, mostly the Inphi and Innovium acquisitions paid in stock at market — capped at 0.5) −0.5 (criterion 9: shareholder suit over concealed revenue 'pull-ins' settled for $72.5M, 2017) −0.5 (criterion 10: SEC 2019, $5.5M for misleading investors) = 0.5
- Share classes
- Single class — MRVL common stock on Nasdaq (cover of FY2026 10-K).
- Dilution
- Diluted share count FY2021→FY2026 +30.0% (XBRL), of which +19% in FY2022 from the Inphi acquisition, followed by Innovium (all-stock deals at market price); SBC 7.2% of revenue.
- Disclosure
- In 2015–2016 filings were delayed by an internal audit committee investigation; reports are now filed on time.
- Dividends
- Dividend of $0.24 a year, unchanged since FY2020; buybacks grew to $2B in FY2026 — no policy violations.
- Lawsuits & regulators
- Shareholder suit ($72.5M, 2017) and the 2019 SEC case ($5.5M) over revenue pull-ins, confirmed by EDGAR/SEC; the 2008–2009 options-backdating episodes are older than 15 years and not counted.
- Related parties
- 2026 proxy: a related-party transaction policy is in place, no material transactions disclosed; no controlling shareholder. The redomiciliation from Bermuda to Delaware (2021) was a 1:1 exchange, with no harm to shareholders.
How the score works · checked as of Sep 2026
Marvell Technology (MRVL) earnings: FAQ
How does Marvell Technology make money?
Marvell Technology brought in $2.74 billion of revenue in Q2 FY2027, up 37% year over year. The largest source was Data Center: $2.17 billion, or 79% of the total, followed by Communications & Other ($568M, 21%). Net income for the quarter was $308 million, up 58.1% year over year.
When is MRVL's next earnings date?
Marvell Technology (MRVL) has not announced the date yet. Based on last year's schedule (report on Dec 2, 2025), the next report is expected around Dec 1, 2026.
What time does MRVL report earnings?
Marvell Technology usually reports after market close: its latest results release was filed with the SEC at 4:05 pm ET on Aug 27, 2026.
When did MRVL last report earnings?
Marvell Technology reported Q2 FY2027 results on Aug 27, 2026.
Where can I find Marvell Technology's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to MRVL's filings; this page breaks the latest report down in a Sankey chart.
What was MRVL's net income in Q2 FY2027?
Marvell Technology reported net income of $308.0M for Q2 FY2027 (+58.1% year over year), under US GAAP.
Does Marvell Technology pay dividends?
Yes. In fiscal 2026, Marvell Technology paid $205M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 09/01/2026. How we make the breakdowns · Report an error
More reports: MSFT · Q4 FY2026 · MSI · Q2 2026 · MU · Q4 FY2026 · NOW · Q2 2026 · NVDA · Q2 FY2027 · ORCL · Q1 FY2027 · PANW · Q4 FY2026 · PLTR · Q2 2026 · QCOM · Q3 FY2026 · SNDK · Q4 2026 · all reports