Marvell Q3 revenue rises 37% to record $2.075 billion; Q4 outlook $2.2 billion
Marvell reported record third-quarter fiscal 2026 net revenue of $2.075 billion, up 37% from a year earlier and $15.0 million above the midpoint of its guidance. GAAP diluted earnings were $2.20 per share, including a $1.8 billion pre-tax gain on the sale of its automotive ethernet business, while non-GAAP diluted earnings were $0.76 per share. For the fourth quarter, the company expects net revenue of $2.200 billion, plus or minus 5%, and non-GAAP diluted earnings of $0.79 per share, plus or minus $0.05.
Key points
- Q3 net revenue was $2.075 billion, up 37% year-on-year, with data center revenue at $1.5 billion
- GAAP net income was $1.901 billion, or $2.20 per diluted share, including a $1.830 billion gain on sale of business
- Non-GAAP diluted EPS was $0.76, compared with $0.43 a year earlier
- Q4 fiscal 2026 guidance: net revenue of $2.200 billion +/- 5% and non-GAAP diluted EPS of $0.79 +/- $0.05
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 02, 2025.
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