Inferra AI / Company / MRVL
Marvell Technology
MRVL · Information Technology
Last earnings Aug 27, 2026
Key results
Net revenuefull-year
$2.418 billion
Reports First Quarter of Fiscal Year 2027 Financial Results Q1 Net Revenue $2.418 billion, a new record, grew by 28% year-on-year Q1 Gross Margin 52.1% GAAP gross margin 58.9% non-GAAP gross margin Q1 Diluted income per share $0.04 GAAP diluted income per share $0.80 non-GAAP diluted income per share Santa Clara, Calif.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Gross marginquarter
28%
Reports First Quarter of Fiscal Year 2027 Financial Results Q1 Net Revenue $2.418 billion, a new record, grew by 28% year-on-year Q1 Gross Margin 52.1% GAAP gross margin 58.9% non-GAAP gross margin Q1 Diluted income per share $0.04 GAAP diluted income per share $0.80 non-GAAP diluted income per share Santa Clara, Calif.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
GAAP gross marginquarter
58.9%
Reports First Quarter of Fiscal Year 2027 Financial Results Q1 Net Revenue $2.418 billion, a new record, grew by 28% year-on-year Q1 Gross Margin 52.1% GAAP gross margin 58.9% non-GAAP gross margin Q1 Diluted income per share $0.04 GAAP diluted income per share $0.80 non-GAAP diluted income per share Santa Clara, Calif.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
GAAP net incomequarter
$34.5 million
GAAP net income for the first quarter of fiscal 2027 was $34.5 million, or $0.04 per diluted share.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Non-GAAP net incomequarter
$718.0 million
Non-GAAP net income for the first quarter of fiscal 2027 was $718.0 million, or $0.80 per diluted share.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Revenuequarter
$2.418 billion
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.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Growthquarter
up 28%
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.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Research and developmentquarter
$652.3 million
Research and development 652.3 536.0 507.7
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Selling, general, and administrativequarter
$258.4 million
Selling, general and administrative 258.4 198.0 186.4
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Operating expensesquarter
$921.4 million
Total operating expenses 921.4 743.5 681.8
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Operating incomequarter
$339.4 million
Operating income 339.4 404.4 270.6
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Net incomequarter
$34.5 million
Net income $ 34.5 $ 396.1 $ 177.9
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
AI analysis
Q1 FY2027 · reported May 27, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q1 FY2027 | Prior qtr | Year ago |
|---|---|---|---|
| Gross margin | 28% | — | — |
| GAAP gross margin | 58.9% | — | — |
| GAAP net income | $34.5 million | — | — |
| Non-GAAP net income | $718.0 million | — | — |
| Revenue | $2.418 billion | — | — |
| Growth | up 28% | — | — |
| Research and development | $652.3 million | — | — |
| Selling, general, and administrative | $258.4 million | — | — |
Guidance · company-stated
Direction: Raised
“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.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
Fair Value of Debt The Company classified its senior notes as Level 2 in the fair value hierarchy as there are quoted prices from less active markets for the notes.
See Note 7 Debt for additional information.
Event summary
Marvell s financial results include the results of Celestial and XConn for the period from the dates of acquisition through the first quarter of fiscal 2027
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue — Raised (“raising”)
“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.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Fair Value of Debt The Company classified its senior notes as Level 2 in the fair value hierarchy as there are quoted prices from less active markets for the notes.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
See Note 7 Debt for additional information.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
2025 Revolving Credit Facility On June 30, 2025, the Company entered into an agreement to amend and restate the credit facility to increase the borrowing capacity to $ 1.5 billion (as so amended and restated, the 2025 Revolving Credit Facility ).
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
The 2025 Revolving Credit Facility has a 5 -year term and a stated floating interest rate which equates to an adjusted term SOFR plus an applicable margin.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
The borrowings from the 2025 Revolving Credit Facility will be used for general corporate purposes of the Company.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
The Company may prepay any borrowings at any time without premium or penalty.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
Strategy & priorities
The acquisition of Celestial is expected to accelerate the Company s connectivity strategy for next-generation AI and cloud data centers.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
The factors contributing to the recognition of goodwill were based upon the Company's conclusion that there are strategic and synergistic benefits that are expected to be realized from the acquisition.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
As a basis for considering such assumptions, the accounting guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1 Observable inputs that reflect quoted prices for identical assets or liabilities in active markets.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
Under the Company s manufacturing relationships with its foundry partners, cancellation of outstanding purchase orders is allowed but requires payment of all costs and expenses incurred through the date of cancellation, and in some cases, may result in incremental fees, loss of amounts paid in advance, or loss of priority to reserved capacity for a period of time.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
Risks & headwinds
These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the Risk Factors section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC.
SEC original ↗Marvell Technology — Earnings release (8-K exhibit)EX-99May 27, 2026
Legal Proceedings 39 Item 1A.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, provisions for sales returns and allowances, inventory excess and obsolescence, contingent consideration, goodwill and other intangible assets, forward stock purchase contract, restructuring, government incentives, income taxes, litigation and other contingencies.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
Contingencies and Legal Proceedings The Company currently is, and may from time to time become, subject to claims, lawsuits, governmental inquiries, inspections or investigations and other legal proceedings (collectively, Legal Matters ) arising in the course of its business.
SEC original ↗Marvell Technology — 10-Q Quarterly report10-QAug 28, 2026
Earnings deck slides
3 decks with slide viewCompetitors
Competitors & peers
Named in the company’s own filings
Filings
85 documents- Q2 2027
- 8-KMRVL
Oct 23, 2026
- 8-KMRVL
Sep 25, 2026
- 10-QMRVL
Aug 28, 2026
- 10-QMRVL
Aug 28, 2026
- 8-KMRVL
Aug 27, 2026
- Q2 2026
- 8-KMRVL
Aug 19, 2026
- 8-KMRVL
Jul 9, 2026
- Q1 2026
- 8-KMRVL
Jun 25, 2026
- 8-KMRVL
Jun 11, 2026
- 10-QMRVL
May 28, 2026
- 8-KMRVL
May 27, 2026
- 8-KMRVL
Apr 15, 2026
- Q4 2025
- 8-KMRVL
Mar 31, 2026
- 8-KMRVL
Mar 19, 2026
- 8-KMRVL
Mar 19, 2026
- 10-KMRVL
Mar 11, 2026
- 10-KMRVL
Mar 11, 2026
- 8-KMRVL
Mar 5, 2026
- 8-KMRVL
Feb 18, 2026
- 8-KMRVL
Feb 6, 2026
- 8-K/AMRVL
Feb 2, 2026
- Q3 2025
- 8-KMRVL
Dec 12, 2025
- 10-QMRVL
Dec 3, 2025
- 10-QMRVL
Dec 3, 2025
- 8-KMRVL
Dec 2, 2025
- 8-KMRVL
Dec 2, 2025
- 8-KMRVL
Dec 2, 2025
- Q2 2025
- 8-KMRVL
Sep 25, 2025
- 8-KMRVL
Sep 24, 2025
- 8-KMRVL
Sep 19, 2025
- 10-QMRVL
Aug 29, 2025
- 8-KMRVL
Aug 28, 2025
- 8-KMRVL
Aug 14, 2025
- 8-KMRVL
Jul 23, 2025
- 8-KMRVL
Jul 17, 2025
- Q1 2025
- 8-KMRVL
Jun 30, 2025
- 8-KMRVL
Jun 20, 2025
- 8-KMRVL
Jun 13, 2025
- 10-QMRVL
May 30, 2025
- 8-KMRVL
May 29, 2025
- 8-KMRVL
May 6, 2025
- 8-KMRVL
Apr 14, 2025
- 8-KMRVL
Apr 8, 2025
- Q4 2024
- 8-KMRVL
Mar 21, 2025
- EX-99MRVL
Mar 21, 2025
- 8-KMRVL
Mar 12, 2025
- 10-KMRVL
Mar 12, 2025
- 10-KMRVL
Mar 12, 2025
- 10-KMRVL
Mar 12, 2025
- 10-KMRVL
Mar 12, 2025
- 8-KMRVL
Mar 5, 2025
- Q3 2024
- 8-KMRVL
Dec 13, 2024
- EX-99MRVL
Dec 13, 2024
- 10-QMRVL
Dec 4, 2024
- 8-KMRVL
Dec 3, 2024
- 8-KMRVL
Dec 2, 2024
- Q2 2024
- 8-K/AMRVL
Sep 19, 2024
- 8-KMRVL
Sep 16, 2024
- 8-KMRVL
Sep 13, 2024
- 10-QMRVL
Aug 30, 2024
- 8-KMRVL
Aug 29, 2024
- Q1 2024
- 8-KMRVL
Jun 21, 2024
- 10-QMRVL
May 31, 2024
- 8-KMRVL
May 30, 2024
- 8-KMRVL
Apr 29, 2024
- Q4 2023
- 8-KMRVL
Mar 15, 2024
- 10-KMRVL
Mar 13, 2024
- 10-KMRVL
Mar 13, 2024
- 10-KMRVL
Mar 13, 2024
- 8-KMRVL
Mar 7, 2024
- Q2 2023
- 10-QMRVL
Aug 25, 2023
- 8-KMRVL
Aug 24, 2023
- Q1 2023
- 8-KMRVL
May 25, 2023
- 8-KMRVL
Apr 17, 2023
- Q4 2022
- 10-KMRVL
Mar 9, 2023
- Q2 2022
- 8-KMRVL
Aug 25, 2022
- Q4 2021
- 10-KMRVL
Mar 10, 2022
- Q2 2021
- 8-KMRVL
Aug 3, 2021
- Q1 2021
- 10-QMRVL
Jun 9, 2021
- 10-QMRVL
Jun 9, 2021
- 8-KMRVL
Jun 7, 2021
- 8-KMRVL
May 4, 2021
- 8-KMRVL
Apr 21, 2021
- 8-KMRVL
Apr 21, 2021
- 8-KMRVL
Apr 21, 2021
Earnings releases
54 documents- Q2 2027
- EX-99MRVL
- EX-99MRVL
- Q1 2026
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q4 2025
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q3 2025
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q2 2025
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q1 2025
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q4 2024
- EX-99MRVL
- Q3 2024
- EX-99MRVL
- EX-99MRVL
- Q2 2024
- EX-99MRVL
- EX-99MRVL
- Q1 2024
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q4 2023
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q3 2023
- EX-99MRVL
- EX-99MRVL
- Q2 2023
- EX-99MRVL
- Q1 2023
- EX-99MRVL
- EX-99MRVL
- Q4 2022
- EX-99MRVL
- EX-99MRVL
- Q3 2022
- EX-99MRVL
- Q2 2022
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
- Q1 2022
- EX-99MRVL
- EX-99MRVL
- Q4 2021
- EX-99MRVL
- EX-99MRVL
- Q3 2021
- EX-99MRVL
- EX-99MRVL
- Q2 2021
- EX-99MRVL
- EX-99MRVL
- Q1 2021
- EX-99MRVL
- EX-99MRVL
- EX-99MRVL
Presentations
3 documents
Transcripts
0 documentsNo transcripts for Marvell Technology are held in this edition of the library.
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