Marvell Technology (MRVL) Operating Expenses (2020 - 2026)
Marvell Technology (MRVL) recorded Operating Expenses of $995.9 million in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 38.2% from $720.5 million a year earlier and up 8.1% from the prior quarter.
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Analysis
Marvell Technology (MRVL) Operating Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Marvell Technology's Operating Expenses came in at $3.37 billion as of Aug 1, 2026, up 7.5% year-over-year; for FY2026 (ended Jan 31, 2026), it was $2.86 billion, down 7.9% from FY2025.
- Annual Operating Expenses has a five-year compound annual growth rate of 10.3% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Expenses came in at $3.1 billion in FY2025 (+8.4%), $2.86 billion in FY2024 (+4.1%), $2.75 billion in FY2023 (+14.0%) and $2.41 billion in FY2022 (+38.1%).
- The fiscal Q2 2027 figure is the highest quarterly Operating Expenses since fiscal Q3 2025.
- On a year-over-year basis, Operating Expenses has increased for three consecutive quarters, with growth averaging 13.0% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 59.1% in fiscal Q3 2022, against a decline of 32.3% in fiscal Q3 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $921.4 million (Q1 2027), $743.5 million (Q4 2026) and $712 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,554.14 Bn | 5,328.31 Bn | 72.14 Bn | 8.41 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,334.61 Bn | 1,949.31 Bn | 27.22 Bn | 3.13 Bn |
| 3 | Broadcom | 1,730.11 Bn | 1,656.15 Bn | 20.46 Bn | 4.50 Bn |
| 4 | Micron Technology | 1,159.56 Bn | 1,098.33 Bn | 35.06 Bn | 1.72 Bn |
| 5 | Advanced Micro Devices | 996.71 Bn | 953.46 Bn | 6.20 Bn | 4.21 Bn |
| 6 | Asml Holding | 691.66 Bn | 647.49 Bn | 5.90 Bn | - |
| 7 | Intel | 539.03 Bn | 408.17 Bn | 6.51 Bn | 4.71 Bn |
| 8 | Applied Materials | 404.95 Bn | 370.39 Bn | 4.59 Bn | 1.51 Bn |
| 9 | Lam Research | 402.32 Bn | 379.11 Bn | 3.48 Bn | 965.25 Mn |
| 10 | Marvell Technology | 244.13 Bn | 231.00 Bn | 1.46 Bn | 995.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 995.90 Mn |
| May 2, 2026 | 921.40 Mn |
| Jan 31, 2026 | 743.50 Mn |
| Nov 1, 2025 | 712.00 Mn |
| Aug 2, 2025 | 720.50 Mn |
| May 3, 2025 | 681.80 Mn |
| Feb 1, 2025 | 682.20 Mn |
| Nov 2, 2024 | 1.05 Bn |
| Aug 3, 2024 | 688.00 Mn |
| May 4, 2024 | 680.10 Mn |
| Feb 3, 2024 | 697.40 Mn |
| Oct 28, 2023 | 697.50 Mn |
| Jul 29, 2023 | 726.80 Mn |
| Apr 29, 2023 | 739.60 Mn |
| Jan 28, 2023 | 650.00 Mn |
| Oct 29, 2022 | 671.50 Mn |
| Jul 30, 2022 | 746.90 Mn |
| Apr 30, 2022 | 681.10 Mn |
| Jan 29, 2022 | 651.70 Mn |
| Oct 30, 2021 | 621.20 Mn |
API Access
Marvell Technology Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MRVL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MRVL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MRVL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();