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Nov 01, 2025
Marvell Q3 2026 Earnings Report
Marvell reported strong Q3 2026 results with record revenue and substantial net income driven by core growth and divestiture gains.
Key Takeaways
Marvell Technology posted a record $2.075 billion in Q3 revenue, significantly boosted by data center demand and a $1.8 billion gain from selling its automotive ethernet business.
Record quarterly revenue of $2.075 billion, surpassing guidance midpoint.
GAAP net income reached $1.901 billion, aided by the $1.8 billion automotive ethernet divestiture gain.
Strong performance in data center and enterprise networking segments.
Acquisition of Celestial AI announced to accelerate data center interconnect capabilities.
Revenue by Segment
Forward Guidance
Marvell expects strong Q4 with continued momentum in data center and a forecasted revenue of $2.2 billion.
Positive Outlook
- Q4 revenue guidance set at $2.2 billion (+/- 5%).
- Non-GAAP gross margin projected between 58.5% and 59.5%.
- Non-GAAP EPS guidance at $0.79 (+/- $0.05).
- Strong demand expected in data center segment.
- Raised forecast for data center growth in next fiscal year.
Challenges Ahead
- GAAP EPS expected to be significantly lower at $0.36 (+/- $0.05).
- Higher GAAP operating expenses projected at ~$741 million.
- Automotive revenue expected to decline post-divestiture.
- Consolidation of end markets may obscure future segment performance trends.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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