Filing Flows › Marvell Technology (MRVL) › Q3 FY26
Marvell Technology (MRVL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 3, 2025
Marvell Technology (MRVL) reported revenue of $2.1B for the third quarter fiscal 2026 (Q3 FY26), +37% from a year earlier and +3% from the quarter before. Operating margin was 17.2%, net earnings $1.9B (91.7% of revenue).
Marvell Technology, Q3 FY26: revenue $2.1B (+37% year over year), operating margin 17.2%, net earnings $1.9B, operating cash flow $582M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +3% | +37% |
| Gross profit | $1.1B | +6% | +206% |
| Operating profit | $358M | +23% | — |
| Net earnings | $1.9B | +876% | — |
| Operating cash flow | $582M | +26% | +9% |
| Free cash flow | $509M | +23% | +10% |
What changed
Revenue was $2.1B in Q3 FY26, up 37% year over year and up 3% from the previous quarter. Data center was the largest line at 73% of revenue. Data center added $0.42B year over year (up 38%), 75% of the total change. Automotive/industrial declined 58%.
Gross margin was 51.6%, up 28.5 points from a year earlier. Operating profit was $0.36B, a 17.2% margin (up 63.6 points year over year). Operating expenses fell 32% while revenue rose 37%. Net earnings were $1.9B. The effective tax rate was 14.2%. Non-operating items added $1.9B, 84% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.58B (up 9% year over year), 31% of net earnings. Non-cash charges added back $0.15B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.07B left free cash flow of $0.51B.
Questions
What was Marvell Technology's revenue in the third quarter fiscal 2026?
Marvell Technology (MRVL) reported revenue of $2.1B for the third quarter fiscal 2026 (Q3 FY26), +37% from a year earlier and +3% from the quarter before.
Was Marvell Technology profitable in the third quarter fiscal 2026?
Operating profit was $358M (17.2% of revenue) and net earnings $1.9B.
Source: Marvell Technology 10-Q on SEC EDGAR.