Marvell Technology, Inc. stock research
FY2026 Q4
Marvell Technology (MRVL) Gross Margin — Quarter Ended Jan 31, 2026
Revenue increased while cost of revenue rose by a similar absolute amount, leaving gross profit unchanged. As a result, gross margin improved compared to both the prior quarter and the same quarter last year.
Gross margin takeaway
Quarter ended Jan 31, 2026 · FY2026 Q4
Revenue increased while cost of revenue rose by a similar absolute amount, leaving gross profit unchanged. As a result, gross margin improved compared to both the prior quarter and the same quarter last year.
- The strongest observable margin driver was the stability of gross profit combined with higher revenue, which expanded the margin.
- Sequentially, gross margin slightly improved from the prior quarter. Year-over-year, the margin also strengthened from the same quarter last year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
51.7%
Gross profit
$1.1B
Revenue
$2.2B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.2 pts
Year-over-year change
+1.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| May 3, 2025 | $1.9B | $952.4M | $942.9M | 50.3% |
| Aug 2, 2025 | $2.0B | $1.0B | $995.5M | 50.4% |
| Nov 1, 2025 | $2.1B | $1.1B | $1.0B | 51.6% |
| Jan 31, 2026 | $2.2B | $1.1B | $1.1B | 51.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Nov 1, 2025
+0.2 pts
Year-over-year change
Feb 1, 2025
+1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the stability of gross profit combined with higher revenue, which expanded the margin.
Sequentially, gross margin slightly improved from the prior quarter. Year-over-year, the margin also strengthened from the same quarter last year.
Monitor whether gross profit can grow in absolute terms as revenue continues to increase.