Marvell posted record quarterly revenue in Q3 FY2026 as demand surged across data-center silicon, lifting both top-line results and forward guidance. The company reported $2.075 billion in revenue, up 37% year over year and above the midpoint of its prior outlook. The quarter also reflected the sale of Marvell’s automotive Ethernet business to Infineon for $2.5 billion, contributing to a GAAP net income of $1.901 billion.
Data-center products remained the primary growth engine, driving higher non-GAAP net income of $655 million and strong operating cash flow of $582.3 million. Marvell expects Q4 revenue to reach approximately $2.2 billion, forecasting full-year revenue growth above 40% as cloud and AI infrastructure adoption continues to expand. The company lifted its data-center outlook for next year, citing accelerating demand.
Marvell also highlighted its agreement to acquire Celestial AI, calling the move a key step in scaling next-generation optical interconnects across package, system, and rack levels. The company said the acquisition strengthens its roadmap for scale-up AI fabrics and positions Marvell for one of the fastest-growing segments in data-center infrastructure.
• Q3 FY2026 revenue: $2.075 billion, up 37%
• GAAP gross margin: 51.6%; non-GAAP gross margin: 59.7%
• GAAP diluted EPS: $2.20; non-GAAP diluted EPS: $0.76
• Automotive Ethernet business sold to Infineon for $2.5 billion
• Q4 revenue outlook: $2.2 billion ±5%, with stronger data-center growth expected
• Operating cash flow: $582.3 million
• New Celestial AI acquisition to accelerate scale-up interconnect strategy
“Marvell delivered record third-quarter revenue of $2.075 billion, exceeding the midpoint of guidance, driven by strong demand for our data center products,” said Matt Murphy, Marvell’s Chairman and CEO.
