Marvell said net revenue for the Q3 of fiscal 2026 ended November 1, 2025 was $2.075 billion, up 37% year over year. Data center revenue was $1,517.9 million, up 38% year over year, and represented 73% of total revenue.

1. 01

   Marvell said net revenue for the Q3 of fiscal 2026 ended November 1, 2025 was $2.075 billion, up 37% year over year. Data center revenue was $1,517.9 million, up 38% year over year, and represented 73% of total revenue.

2. 02

   The company said on August 14, 2025 it completed the sale of its automotive ethernet business to Infineon Technologies AG for $2.5 billion in cash, resulting in a pre-tax gain on sale of $1.8 billion. For the Q3, GAAP net income was $1.901 billion, or $2.20 per diluted share, and non-GAAP net income was $655.0 million, or $0.76 per diluted share.

3. 03

   Marvell said cash flow from operations for the Q3 (3 months) was $582.3 million. For the same period, net proceeds from the sale of business were $2,478.6 million and repurchases of common stock were $1,300.0 million. As of November 1, 2025, cash and cash equivalents were $2,714.5 million.

4. 04

   Marvell said it expects net revenue for the Q4 of fiscal 2026 to be $2.200 billion ±5%, non-GAAP gross margin to be 58.5% to 59.5%, and non-GAAP diluted net income per share to be $0.79 ±$0.05. It added that full-year revenue growth is expected to exceed 40%.

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Original filing

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