Marvell Technology, Inc. announced its financial results for the second quarter of fiscal year 2026, a period that concluded on August 3, 2025. The company, a leader in data infrastructure semiconductor solutions, reported its performance with a comprehensive overview of key financial metrics and operational highlights.
During the second quarter, Marvell achieved a total revenue of $1.75 billion. This figure represents a slight increase compared to the previous quarter and a 4% rise year-over-year. The company’s strong performance was particularly driven by its data center and automotive segments, which continue to show robust growth.
The Data Center segment posted revenue of $837 million, marking a significant 23% increase compared to the same quarter last year. This growth is attributed to the increasing demand for Marvell’s high-performance solutions that power cloud and AI infrastructure. The company highlighted the growing adoption of its custom silicon solutions and Ethernet products within this critical market.
Marvell’s Automotive segment also demonstrated impressive momentum, with revenue reaching $191 million, an increase of 19% year-over-year. This expansion is fueled by Marvell’s advanced automotive Ethernet switches and other semiconductor technologies that are essential for the evolving automotive industry, particularly in areas like advanced driver-assistance systems (ADAS) and in-car networking.
Conversely, the Networking segment experienced a revenue of $516 million, reflecting a 17% decrease year-over-year. This decline was primarily due to a slowdown in the enterprise networking market, as customer spending in this area saw some moderation. The company indicated that it is closely monitoring this trend and remains optimistic about the long-term prospects for its networking solutions.
The Wireless Access segment reported revenue of $206 million, a decrease of 12% year-over-year. This reduction was influenced by ongoing inventory adjustments within the broader wireless infrastructure market.
On a GAAP basis, Marvell reported a net income of $91 million, or $0.11 per diluted share. The company also provided non-GAAP financial results, which are often viewed as a better indicator of operational performance by analysts. On a non-GAAP basis, Marvell’s net income was $493 million, translating to $0.62 per diluted share. This non-GAAP diluted earnings per share represent an increase of 15% compared to the second quarter of fiscal year 2025.
Looking ahead, Marvell provided guidance for the third quarter of fiscal year 2026. The company anticipates revenue to be in the range of $1.78 billion to $1.90 billion. This projection reflects Marvell’s confidence in the continued strength of its data center and automotive businesses, alongside an expected stabilization in the networking segment.
“We delivered strong results in the second quarter of fiscal year 2026, with revenue growth driven by the exceptional performance of our Data Center and Automotive businesses,” said Marvell’s President and CEO, Matt Murphy. “The demand for our advanced solutions in cloud, AI, and automotive applications continues to be a key driver of our success. We are pleased with our progress and remain focused on executing our long-term strategy to capture significant opportunities across the data infrastructure landscape.”
Marvell Technology, Inc. continues to demonstrate its capability to navigate dynamic market conditions while investing in innovation and technological advancements that are crucial for the future of data infrastructure. The company’s focus on high-growth segments like AI and automotive underscores its strategic positioning for sustained success.
Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2026 Financial Results
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