Skip to content
Screener

Reported May 27, 2026 · After market close

Revenue$2.4BBeat by $11.8M
EPS$0.04Miss by $0.76
Revenue estimate$2.4B
EPS estimate$0.80
Marvell delivered record first-quarter fiscal 2027 revenue of $2.418 billion, up 28% year-over-year, and guided second-quarter revenue to $2.7 billion at the mid-point, representing 35% year-over-year growth. We expect revenue growth to continue accelerating each quarter throughout fiscal 2027, driven by continued strength in our data center business, We are seeing exceptional AI-related bookings, and as a result, we are significantly raising Marvell’s revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter. This improved outlook is being driven by strong demand across a broad set of Marvell solutions, including 800G and 1.6T scale-out optics, 51.2T Ethernet scale-out switches, scale-up optical solutions for NPO and CPO applications, scale-across datacenter interconnect modules, and custom XPU and XPU-attach solutions.
Matt Murphy

Next report

Date not yet announced

Financials

Q1 2027

Income statement

See full
Revenue$2.4B+27.6%
Gross profit$1.3B+32.4%
Operating income$339.4M+25.4%
Net income$34.5M-80.6%
EPS (diluted)$0.04-80.0%

Balance sheet

See full
Cash & equivalents$3.8B+334%
Total debt$5.3B+17.0%
Total equity$18.2B+36.8%
Total assets$26.9B+34.6%

Cash flow

See full
Operating cash flow$638.8M+91.9%
CapEx$155.7M+31.1%
Free cash flow$483.1M+126%

Valuation & ratios

Valuation

as of 05/02/26
See full
Market cap$144.42B+191%
Enterprise value$145.85B+174%
P/E57.2×
P/S16.6×+8.9×

Profitability

See full
Gross margin51.5%+8.3pp
Operating margin16%
Net margin29%
FCF margin19.1%-2.1pp

Returns & leverage

See full
Return on equity16%
Debt / equity0.3×0.0×
Current ratio3.3×+2.0×

Segments

By product

See full
Data center$1.8B+27.2%
Communications and other$585.1M

By segment

See full
Reportable Segment$2.4B+27.6%

FAQ

When did Marvell Technology, Inc. report Q1 2027 earnings?
Marvell Technology, Inc. (MRVL) reported Q1 2027 earnings on May 27, 2026 after market close.
What were Marvell Technology, Inc.'s Q1 2027 revenue and EPS?
Marvell Technology, Inc. reported revenue of $2.4B and eps of $0.04 for Q1 2027.
Did Marvell Technology, Inc. beat estimates in Q1 2027?
Revenue beat the consensus estimate of $2.4B by $11.8M. EPS missed the consensus estimate of $0.80 by $0.76.
How did Marvell Technology, Inc.'s Q1 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 27.6% from $1.9B a year earlier and eps declined 93.5% from $0.62.
Where can I find Marvell Technology, Inc.'s Q1 2027 SEC filings?
You can read the 8-K earnings release (0001835632-26-000014) and the 10-Q periodic report (0001835632-26-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.