Marvell Technology reported record Q3 FY2026 revenue driven by strong demand in data center products, with guidance indicating continued robust growth and a strategic acquisition to bolster AI datacenter infrastructure.
Record Net Revenue of $2.075 billion, up 37% year-on-year, exceeding guidance.
positiveNon-GAAP diluted EPS of $0.76, a significant increase from the prior year.
positiveAcquisition of Celestial AI announced, a transformational milestone for AI datacenter infrastructure.
positiveFull-year revenue growth forecasted to exceed 40%.
positiveAutomotive/industrial revenue declined 58% year-on-year and 54% quarter-on-quarter, impacted by the divestiture of the automotive ethernet business.
attentionGAAP diluted EPS was $2.20, but this includes a significant pre-tax gain on sale of business ($1.8 billion).
attentionRestructuring related charges were $9.6 million in the current quarter, compared to $358.3 million in the prior year quarter.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Data center | $1517900.0B | $1101100.0B | +38.0% | 36.6% |
Data center | $1517900.0B | $1101100.0B | +38.0% | 36.6% |
Communications and other | $556600.0B | $415000.0B | +34.0% | 13.4% |
Enterprise networking | $237200.0B | $150900.0B | +57.0% | 5.7% |
Carrier infrastructure | $167800.0B | $84700.0B | +98.0% | 4.0% |
Consumer | $116600.0B | $96500.0B | +21.0% | 2.8% |
Automotive/industrial | $35000.0B | $82900.0B | -58.0% | 0.8% |
| Total Revenue | $4149000.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
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.
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