Marvell Technology, Inc. MRVL came out with second-quarter fiscal 2026 earnings of 67 cents per share, in line with the Zacks Consensus Estimate. This compares to earnings of 30 cents per share a year ago. The bottom line increased 123.3% year over year and 8.1% sequentially, driven by higher revenues and effective cost management.
Marvell Technology’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.6%.
MRVL’s second-quarter fiscal 2026 revenues of $2.01 billion for the quarter ended July 2025, missing the Zacks Consensus Estimate by 0.23%. This compares to year-ago revenues of $1.27 billion.
Second-quarter revenues grew 57.6% year over year and 5.8% sequentially, mainly driven by strong growth in the data center and continued recovery in enterprise networking and carrier infrastructure end markets.
Marvell Technology, Inc. price-consensus-eps-surprise-chart | Marvell Technology, Inc. Quote
Marvell Technology’s top-line growth was supported by impressive performances across its segments, which rose sequentially, while the data center segment registered phenomenal growth both year over year and quarterly.
Data center revenues of $1.49 billion increased 69.2% year over year and 3.5% sequentially. The top line showed robust improvement due to traction in custom XPU silicon, electro-optics interconnect products, and next-generation switch divisions primarily drove the robust increase. The segment accounted for 74.3% of the quarter’s total revenues, demonstrating that it is currently MRVL’s largest end market. Our estimate for the Data Center’s fiscal second-quarter revenues was pegged at $1.5 billion.
Revenues from enterprise networking rose 28.2% year over year and 9.1% sequentially to $193.6 million, and accounted for 9.7% of the total revenues. The year-over-year rise was primarily driven by the normalization of inventory levels. Our estimate for enterprise networking’s fiscal second-quarter revenues was pegged at $185.1 million.
Carrier infrastructure revenues, which accounted for 6% of the total revenues, rose 71% year over year but declined 6% sequentially to $130 million, reflecting demand recovery. Our estimate for the carrier infrastructure’s fiscal second-quarter revenues was pegged at $144.5 million.
Automotive/Industrial revenues were flat year over year and sequentially at $76 million, mainly due to continued weakness across the industrial market, offsetting automotive recovery. Revenues from this segment constituted 4% of the total revenues. Our estimate for Automotive/Industrial’s fiscal second-quarter revenues was pegged at $75.6 million.
