Marvell Technology (MRVL) Q2 2026 Financial Results Summary

# Marvell Technology, Inc. (MRVL) Q2 2026 Financial Results Summary

**Release Date:** August 28, 2025

Marvell Technology, Inc. has released its financial results for the second quarter of fiscal year 2026, showcasing a strong performance compared to the same quarter last year.

### Key Financial Highlights:
– **Net Revenue:**
– **$2.006 billion**, a record for the company, representing a **58% increase** year-over-year.

– **Gross Margin:**
– **GAAP Gross Margin:** **50.4%**
– **Non-GAAP Gross Margin:** **59.4%**

– **Diluted Income per Share:**
– **GAAP:** **$0.22** per diluted share
– **Non-GAAP:** **$0.67** per diluted share

– **Net Income:**
– **GAAP Net Income:** **$194.8 million**
– **Non-GAAP Net Income:** **$585.5 million**

– **Cash Flow from Operations:**
– **$461.6 million**

### Revenue Breakdown by End Market:
– **Data Center:**
– **$1.490 billion** – **69% growth** YoY (2024: $880.9 million)

– **Enterprise Networking:**
– **$193.6 million** – **28% growth** YoY (2024: $151.0 million)

– **Carrier Infrastructure:**
– **$130.1 million** – **71% growth** YoY (2024: $75.9 million)

– **Consumer:**
– **$115.9 million** – **30% growth** YoY (2024: $88.9 million) – significant **84% growth** QoQ.

– **Automotive/Industrial:**
– **$76.0 million** – no significant change YoY.

### Cost and Expenses:
– **Total Operating Expenses:**
– **$720.5 million**, which includes:
– Research & Development: **$519.0 million**
– Selling, General, and Administrative: **$192.8 million**

– **Operating Income:**
– **$290.1 million**

### Quarterly Financial Outlook for Q3 FY2026:
– **Expected Net Revenue:**
– **$2.060 billion** +/- 5%

– **Expected GAAP Gross Margin:**
– **51.5% to 52.0%**

– **Expected Non-GAAP Gross Margin:**
– **59.5% to 60.0%**

– **Expected Diluted Income per Share:**
– **GAAP:** **$2.03** +/- $0.05
– **Non-GAAP:** **$0.74** +/- $0.05

### Shareholder Returns:
– **Share Repurchase:**
– The company repurchased **$200 million** worth of common stock in Q2 FY2026.

– **Dividend Payments:**
– **$51.7 million** paid to stockholders, reflecting a stable and consistent dividend policy.

### Summary:
Marvell Technology, Inc.’s strong financial performance in Q2 FY2026 has been underpinned by significant year-over-year growth in various business sectors, particularly within the data center and carrier infrastructure markets. A solid guidance for Q3 reflects ongoing confidence in their market position and future performance, supported by robust demand across AI and networking solutions.

For further information, potential investors and stakeholders may refer to the Marvell Investor Relations website and the detailed financial report releases.

Here are the extracted tables from the press release:

### Condensed Consolidated Statements of Operations (Unaudited)
(In millions, except per share amounts)

### Condensed Consolidated Balance Sheets (Unaudited)
(In millions)