Marvell Technology Q3 FY26: where the revenue came from and where it went
The whole income statement of Marvell Technology for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Aug 3 – Nov 1, 2025
- Reported
- Dec 3, 2025
Revenue$2.08B
+37% year over year
Gross profit$1.07B
52% margin
Operating profit$0.36B
17% margin
Net profit$1.90B
92% margin
Net profit is larger than what operations earned, because the statement adds $1.86B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.08 | 100% | +37% |
| Data center | 1.52 | 73% | +38% |
| Enterprise networking | 0.24 | 11% | +57% |
| Carrier infrastructure | 0.17 | 8% | +98% |
| Consumer | 0.12 | 6% | +21% |
| Automotive & industrial | 0.04 | 2% | −58% |
| Cost of revenue | −1.01 | 48% | |
| Gross profit | 1.07 | 52% margin | +29pp |
| R&D | −0.51 | 25% | −8pp |
| SG&A | −0.19 | 9% | −4pp |
| Other | −0.01 | 0% | +0pp |
| Operating profit | 0.36 | 17% margin | +64pp |
| Other income, net | 1.86 | ||
| Tax | −0.32 | ||
| Net profit | 1.90 | 92% margin | +136pp |
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