Filing Flows › Marvell Technology (MRVL) › Q2 FY26
Marvell Technology (MRVL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 29, 2025
Marvell Technology (MRVL) reported revenue of $2.0B for the second quarter fiscal 2026 (Q2 FY26), +58% from a year earlier and +6% from the quarter before. Operating margin was 14.5%, net earnings $195M (9.7% of revenue).
Marvell Technology, Q2 FY26: revenue $2.0B (+58% year over year), operating margin 14.5%, net earnings $195M, operating cash flow $462M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +6% | +58% |
| Gross profit | $1.0B | +6% | +72% |
| Operating profit | $290M | +7% | — |
| Net earnings | $195M | +9% | — |
| Operating cash flow | $462M | +39% | +51% |
| Free cash flow | $414M | +93% | +60% |
What changed
Revenue was $2.0B in Q2 FY26, up 58% year over year and up 6% from the previous quarter. Data center was the largest line at 74% of revenue. Data center added $0.61B year over year (up 69%), 83% of the total change.
Gross margin was 50.4%, up 4.2 points from a year earlier. Operating profit was $0.29B, a 14.5% margin (up 22.3 points year over year). Operating expenses grew 5% against revenue growth of 58%. The fastest-growing cost line was Other operating costs (+117%). Net earnings were $0.19B. The effective tax rate was 16.6%.
Operating cash flow was $0.46B (up 51% year over year), 237% of net earnings. Non-cash charges added back $0.15B of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.05B left free cash flow of $0.41B.
Questions
What was Marvell Technology's revenue in the second quarter fiscal 2026?
Marvell Technology (MRVL) reported revenue of $2.0B for the second quarter fiscal 2026 (Q2 FY26), +58% from a year earlier and +6% from the quarter before.
Was Marvell Technology profitable in the second quarter fiscal 2026?
Operating profit was $290M (14.5% of revenue) and net earnings $195M.
Source: Marvell Technology 10-Q on SEC EDGAR.