Short answer
Marvell Technology (MRVL) filed its Q2 2026 10-Q quarterly report on May 28, 2026 for the quarter ended May 2, 2026. Quarterly revenue was $2.4B (up 27.6% year over year) with net income of $35M.
Q2 2026 key financials · XBRL
- Revenue
- $2.4B
- +27.6% YoY
- Net income
- $35M
- −80.6% YoY
- Operating margin
- 14.0%
- Gross margin
- 52.1%
- EPS (diluted)
- $0.04
- −80.0% YoY
Source: XBRL data from the Marvell Technology (MRVL) Q2 2026 10-Q on SEC EDGAR. USD.
Marvell Technology Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2,417.8M, up 28% YoY from $1,895.3M, driven by data center and communications demand
- Gross margin 52.1% vs 50.3%; operating margin 14.0% vs 14.3% YoY
- Best market data center, up 27%; communications and other up 29%; automotive ethernet declined after divestiture
- Cash $3.8B, up $1.2B from January 31; $1.0B Celestial and $270.2M XConn acquisition payments
- $200.0M repurchases and $53.8M dividends; tariffs and geopolitical events remain near-term risks
Risk Factors
- No material-change statement provided; risk section carries forward broad principal risks from the 10-K
- AI infrastructure spending reduction risk, with current capex potentially unsustainable over the long term
- Export restrictions risk, with China-related customers potentially requiring export licenses or developing internal alternatives
- Customer concentration risk, with ten largest customers representing 82% of fiscal 2026 net revenue
- Data-center demand risk, with two customers each representing at least 10% of fiscal 2026 net revenue
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Marvell Technology quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.