Q4 26 EPS
$N/A
Q4 26 Revenue
N/A
vs S&P Since Q4 26
+58.1%
BEATING MARKET
MRVL +63.4% vs S&P +5.4%
Market Reaction
Did MRVL Beat Earnings? Q4 2026 Results
Marvell Technology delivered a record quarter for the fiscal third quarter of 2026, posting revenue of $2.07 billion, up 37% year over year, and non-GAAP EPS of $0.76, compared to $0.43 in the prior-year period, as relentless AI infrastructure spendi… Read more Marvell Technology delivered a record quarter for the fiscal third quarter of 2026, posting revenue of $2.07 billion, up 37% year over year, and non-GAAP EPS of $0.76, compared to $0.43 in the prior-year period, as relentless AI infrastructure spending drove data center revenue to $1.52 billion, representing 73% of total sales. The company also completed the $2.50 billion sale of its automotive ethernet business to Infineon Technologies in August, which generated a pre-tax gain of $1.80 billion and pushed GAAP net income to $1.90 billion for the quarter. Beyond data center strength, carrier infrastructure surged 98% year over year to $167.80 million and enterprise networking climbed 57% to $237.20 million, pointing to a broader networking recovery. CEO Matt Murphy also announced the acquisition of Celestial AI to accelerate optical interconnect capabilities for AI datacenters, calling it transformational. Looking ahead, Marvell guided Q4 revenue of $2.20 billion and non-GAAP EPS of $0.79, with full-year fiscal 2026 revenue growth expected to exceed 40%.
Key Takeaways
- • Strong demand for data center products, particularly AI-related semiconductor solutions
- • Data center revenue grew 38% YoY, representing 73% of total revenue
- • Enterprise networking grew 57% YoY driven by recovery in campus and SME switching
- • Carrier infrastructure grew 98% YoY
- • Completion of automotive ethernet business sale to Infineon for $2.5 billion generated $1.8 billion pre-tax gain
MRVL Forward Guidance & Outlook
For Q4 fiscal 2026, Marvell expects net revenue of $2.200 billion +/- 5%, non-GAAP gross margin of 58.5%-59.5%, non-GAAP operating expenses of approximately $515 million, and non-GAAP diluted EPS of $0.79 +/- $0.05. GAAP diluted EPS is expected to be $0.36 +/- $0.05. Full-year fiscal 2026 revenue growth is forecasted to exceed 40%. Management indicated that data center revenue growth expectations for next fiscal year are now higher than prior expectations, driven by accelerating demand for AI infrastructure products.
MRVL YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
MRVL Revenue by Segment
With YoY comparisons, source: SEC Filings
“Marvell delivered record third-quarter revenue of $2.075 billion, exceeding the midpoint of guidance, driven by strong demand for our data center products. We are guiding for robust growth in the fourth quarter and are on track for a strong finish to the fiscal year, with full-year revenue growth forecasted to exceed 40%. Looking ahead, we see demand for our products continuing to accelerate, and as a result, our data center revenue growth forecast for next year is now higher than prior expectations.”
— Matt Murphy, Q4 2026 Earnings Press Release
MRVL Earnings Trends
MRVL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MRVL EPS Trend
Earnings per share: estimate vs actual
MRVL Revenue Trend
Quarterly revenue: estimate vs actual
MRVL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 | — | — | — | — | — |
| Q3 26 | — | $0.76 | — | $2.07B | — |
| Q2 26 MISS | $0.67 | $0.67 | -0.50% | $2.01B | -0.20% |
| Q1 26 BEAT | $0.61 | $0.62 | +1.11% | $1.90B | +0.87% |
| Q4 25 BEAT FY | $0.59 | $0.60 | +1.69% | $1.82B | — |
| FY Full Year | $1.56 | $1.57 | +0.75% | $5.77B | +0.32% |