Marvell Technology, Inc. stock research
FY2027 Q1
Marvell Technology (MRVL) Gross Margin — Quarter Ended May 2, 2026
Revenue increased from the prior quarter and from the same quarter a year ago, while cost of revenue rose less than revenue, resulting in higher gross profit and an improved gross margin. The gross margin strengthened compared to both the immediately preceding quarter and the same quarter one year earlier.
Gross margin takeaway
Quarter ended May 2, 2026 · FY2027 Q1
Revenue increased from the prior quarter and from the same quarter a year ago, while cost of revenue rose less than revenue, resulting in higher gross profit and an improved gross margin. The gross margin strengthened compared to both the immediately preceding quarter and the same quarter one year earlier.
- The strongest observable margin driver is the relative growth of revenue outpacing cost of revenue, leading to a higher gross profit margin.
- Compared to the prior quarter, gross margin improved. Compared to the same quarter a year ago, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
52.1%
Gross profit
$1.3B
Revenue
$2.4B
Cost of revenue
$1.2B
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+1.9 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 |
|---|---|---|---|---|
| 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% |
| May 2, 2026 | $2.4B | $1.3B | $1.2B | 52.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2026
+0.4 pts
Year-over-year change
May 3, 2025
+1.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relative growth of revenue outpacing cost of revenue, leading to a higher gross profit margin.
Compared to the prior quarter, gross margin improved. Compared to the same quarter a year ago, gross margin also improved.
Monitor how cost of revenue evolves relative to revenue in the coming quarters, especially given the company's recent acquisitions noted in the filing.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Marvell Technology, Inc. (MRVL) | 52.1% |
| Broadcom Inc. (AVGO) | 69.5% |
| NVIDIA Corporation (NVDA) | 74.9% |