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Analog Devices vs Marvell Technology: ADI and MRVL compared
Analog Devices is the larger company: $4.0B of revenue in its latest quarter (Q3 FY26) against $2.7B for Marvell Technology (Q2 FY27). Analog Devices is growing faster (+40% against +36% a year earlier). Analog Devices is more profitable, with an operating margin of 40.1% against 16.8%.
Where the money goes: ADI and MRVL
Analog Devices (ADI) · Q3 FY26
Analog Devices, Q3 FY26: revenue $4.0B (+40% year over year), operating margin 40.1%, net earnings $1.3B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Marvell Technology (MRVL) · Q2 FY27
Marvell Technology, Q2 FY27: revenue $2.7B (+36% year over year), operating margin 16.8%, net earnings $308M, operating cash flow $606M. The chart follows the revenue to costs, profit and cash.
| Analog Devices (ADI) | Marvell Technology (MRVL) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 FY27 |
| Revenue | $4.0B | $2.7B |
| Revenue growth, Y/Y | +40% | +36% |
| Gross margin | 67.3% | 53.1% |
| Operating margin | 40.1% | 16.8% |
| Net earnings | $1.3B | $308M |
| Net margin | 33.3% | 11.2% |
| Operating cash flow | $1.6B | $606M |
| Free cash flow | $1.5B | $479M |
| Market value | $176.5B | $127.7B |
| P/E | 42.7× | 48.4× |
| Analysts’ mean target | $472.44 | $310.07 |
Where the revenue comes from
Marvell Technology
- Data center: $2.2B (79%)
- Communications and other: $568M (21%)
Questions
Which is bigger, Analog Devices or Marvell Technology?
Analog Devices is the larger company: $4.0B of revenue in its latest quarter (Q3 FY26) against $2.7B for Marvell Technology (Q2 FY27).
Is Analog Devices or Marvell Technology growing faster?
Analog Devices is growing faster (+40% against +36% a year earlier).
Which is more profitable, Analog Devices or Marvell Technology?
Analog Devices is more profitable, with an operating margin of 40.1% against 16.8%.
More: Analog Devices earnings · how Analog Devices makes money · Marvell Technology earnings · how Marvell Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 19, 2026; 10-Q filed Aug 28, 2026). Fiscal quarters can end on different dates. Not investment advice.