How does Marvell Technology (MRVL) make money?

Marvell Technology (MRVL) generates revenue primarily from Data Center, which accounted for 85.8% of total revenue in TTM through Q2 2026. The company reported $8.72B in revenue and converted 29% of it into net profit, equivalent to roughly $2.53B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Marvell Technology (MRVL)?

Marvell Technology (MRVL) reported a gross profit margin of 50.6% in TTM through Q2 2026, equivalent to $4.41B in gross profit on $8.72B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Marvell Technology (MRVL)?

Marvell Technology (MRVL) reported an operating profit margin of 16.2% in TTM through Q2 2026, equivalent to $1.41B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Marvell Technology (MRVL)?

Marvell Technology (MRVL) reported a net profit margin of 29% in TTM through Q2 2026, equivalent to $2.53B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Marvell Technology (MRVL) profitable?

Yes. Marvell Technology (MRVL) reported $2.53B in net income for TTM through Q2 2026, with a net profit margin of 29%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Marvell Technology (MRVL) invest in research and development?

Marvell Technology (MRVL) invested $2.22B in research and development during TTM through Q2 2026, roughly 25.5% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Marvell Technology (MRVL) spend on capital expenditures?

Marvell Technology (MRVL) spent $392M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 4.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Marvell Technology (MRVL) generate?

Marvell Technology (MRVL) generated $1.66B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 19.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Marvell Technology (MRVL)?

Marvell Technology (MRVL) had an effective tax rate of 13.3% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Marvell Technology (MRVL)?

Marvell Technology (MRVL) reports revenue across 5 reportable product segments, led by Data Center at 85.8% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Marvell Technology (MRVL) generate most of its revenue?

CHINA is the largest geographic market for Marvell Technology (MRVL), accounting for 35% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Marvell Technology Makes Money: 2026 Visual Revenue Map

Marvell Technology (MRVL) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending May 2, 2026 (reported May 28, 2026).

Marvell Technology (MRVL) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Marvell Technology (MRVL), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Data Center	$7.48B	85.8%
Enterprise Networking	$496M	5.7%
Carrier Infrastructure	$343M	3.9%
Consumer	$268M	3.1%
Automotive And Industrial	$128M	1.5%
Total	$8.72B	100%

Data Center$7.48B
Enterprise Networking$496M
Carrier Infrastructure$343M
Consumer$268M
Automotive And Industrial$128M
Total$8.72B

Marvell Technology (MRVL) Revenue by Geography — TTM through Q2 2027

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Marvell Technology (MRVL), TTM through Q2 2027
Region	Revenue (USD)	% of total
CHINA	$3.32B	35%
Other Countries	$2.92B	30.8%
TAIWAN	$1.85B	19.5%
UNITED STATES	$1.04B	11%
SINGAPORE	$142M	1.5%
MALAYSIA	$76.9M	0.8%
JAPAN	$53.3M	0.6%
FINLAND	$51M	0.5%
Other regions	$33.6M	0.4%
Total	$9.49B	100%

CHINA
Other Countries
TAIWAN
UNITED STATES
SINGAPORE
MALAYSIA
JAPAN
FINLAND
Other regions
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Marvell Technology (MRVL) reports revenue across 5 reportable product segments; the largest segment was Data Center at 85.8%, followed by Enterprise Networking (5.7%) and Carrier Infrastructure (3.9%). Geographically, CHINA accounted for 35% of revenue, followed by Other Countries (30.8%) and TAIWAN (19.5%).

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