Marvell Technology Inc. Q3 GAAP net income jumps to USD 1.9 billion, up over 10 times year-on-year

Reuters

3 hours ago

Marvell Technology Inc. Q3 GAAP net income jumps to USD 1.9 billion, up over 10 times year-on-year

Marvell Technology Inc. reported record net revenue of USD 2.1 billion for the third quarter (Q3) of fiscal year 2026, representing a 37% year-on-year increase. GAAP gross margin for Q3 was 51.6%, while non-GAAP gross margin reached 59.7%. GAAP net income for the quarter was USD 1.9 billion, equivalent to USD 2.20 per diluted share. Non-GAAP net income for Q3 was USD 655.0 million, or USD 0.76 per diluted share. Cash flow from operations for the period was USD 582.3 million. During the quarter, Marvell Technology Inc. completed the sale of its automotive ethernet business to Infineon Technologies AG for USD 2.5 billion in cash, resulting in a pre-tax gain on sale of USD 1.8 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marvell Technology Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251202276192) on December 02, 2025, and is solely responsible for the information contained therein.

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Q3 GAAP net income jumps to USD 1.9 billion, up over 10 times year-on-year","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Marvell Technology Inc. Q3 GAAP net income jumps to USD 1.9 billion, up over 10 times year-on-year\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Marvell Technology Inc. reported record net revenue of USD 2.1 billion for the third quarter (Q3) of fiscal year 2026, representing a 37% year-on-year increase. GAAP gross margin for Q3 was 51.6%, while non-GAAP gross margin reached 59.7%. GAAP net income for the quarter was USD 1.9 billion, equivalent to USD 2.20 per diluted share. Non-GAAP net income for Q3 was USD 655.0 million, or USD 0.76 per diluted share. Cash flow from operations for the period was USD 582.3 million. 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Q3 GAAP net income jumps to USD 1.9 billion, up over 10 times year-on-year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-03 05:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Marvell Technology Inc. Q3 GAAP net income jumps to USD 1.9 billion, up over 10 times year-on-year\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Marvell Technology Inc. reported record net revenue of USD 2.1 billion for the third quarter (Q3) of fiscal year 2026, representing a 37% year-on-year increase. GAAP gross margin for Q3 was 51.6%, while non-GAAP gross margin reached 59.7%. GAAP net income for the quarter was USD 1.9 billion, equivalent to USD 2.20 per diluted share. Non-GAAP net income for Q3 was USD 655.0 million, or USD 0.76 per diluted share. Cash flow from operations for the period was USD 582.3 million. 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ID: 20251202276192) on December 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2458330243.SGD","symbol_name":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251202:nNDL8Sg0th:1","article_id":"2588913066","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588913066","pubTimestamp":1764709560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Marvell Technology Inc. reported record net revenue of USD 2.1 billion for the third quarter  of fiscal year 2026, representing a 37% year-on-year increase. 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Q3 GAAP net income jumps to USD 1.9 billion, up over 10 times year-on-year\n    \n\n        Marvell Technology Inc. reported record net revenue of USD 2.1 billion for the third quarter (Q3) of fiscal year 2026, representing a 37% year-on-year increase. GAAP gross margin for Q3 was 51.6%, while non-GAAP gross margin reached 59.7%. GAAP net income for the quarter was USD 1.9 billion, equivalent to USD 2.20 per diluted share. Non-GAAP net income for Q3 was USD 655.0 million, or USD 0.76 per diluted share. Cash flow from operations for the period was USD 582.3 million. During the quarter, Marvell Technology Inc. completed the sale of its automotive ethernet business to Infineon Technologies AG for USD 2.5 billion in cash, resulting in a pre-tax gain on sale of USD 1.8 billion.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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