Marvell Technology (MRVL) Operating Expenses (2020 - 2026)

Marvell Technology (MRVL) posted Operating Expenses of $921.4 million for Q2 2026, up 23.93% sequentially from $743.5 million in Q1 2026, and up 35.14% YoY from $681.8 million in Q2 2025.

Marvell Technology (MRVL) Operating Expenses (2020 - 2026) Analysis & Trends

Marvell Technology has reported Operating Expenses for 7 years, with the latest figure at $921.4 million in Q2 2026.

  • Quarterly Operating Expenses rose 35.14% year-over-year to $921.4 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $3.1 billion (changed 0.22% YoY) and the FY2026 annual result came in at $2.9 billion, down 7.89% from the prior year.
  • Operating Expenses climbed to $921.4 million in Q2 2026 per MRVL's latest filing, from $743.5 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.1 billion in Q4 2024 and troughed at $650.0 million in Q1 2023.
  • A 5-year average of $730.2 million and a median of $697.4 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 54.13% in 2022, then tumbled 32.33% in 2025.
  • Over 5 years, Operating Expenses stood at $671.5 million in 2022, then gained by 3.87% to $697.5 million in 2023, then jumped by 50.85% to $1.1 billion in 2024, then sank by 32.33% to $712.0 million in 2025, then gained by 29.41% to $921.4 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $921.4 million, $743.5 million, and $712.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Taiwan Semiconductor Manufacturing 10,545.90 Bn 10,447.64 Bn 23.77 Bn 2.97 Bn
2 Nvidia 5,009.72 Bn 4,966.24 Bn 61.16 Bn 7.62 Bn
3 Broadcom 1,857.88 Bn 1,838.25 Bn 15.42 Bn 4.63 Bn
4 Micron Technology 938.47 Bn 912.45 Bn 35.06 Bn 1.72 Bn
5 Advanced Micro Devices 789.52 Bn 777.17 Bn 5.42 Bn 3.94 Bn
6 Intel 463.88 Bn 434.15 Bn 6.51 Bn 4.71 Bn
7 Aeluma 302.44 Bn 302.40 Bn 386,000.00 2.13 Mn
8 Arm Holdings 254.34 Bn 250.45 Bn 1.25 Bn -1.16 Bn
9 Texas Instruments 245.02 Bn 238.02 Bn 3.35 Bn 1.04 Bn
10 Marvell Technology 170.21 Bn 166.36 Bn 1.26 Bn 921.40 Mn

Historic Data

Download Data
DateValue
May 2, 2026 921.40 Mn
Jan 31, 2026 743.50 Mn
Nov 1, 2025 712.00 Mn
Aug 2, 2025 720.50 Mn
May 3, 2025 681.80 Mn
Feb 1, 2025 682.20 Mn
Nov 2, 2024 1.05 Bn
Aug 3, 2024 688.00 Mn
May 4, 2024 680.10 Mn
Feb 3, 2024 697.40 Mn
Oct 28, 2023 697.50 Mn
Jul 29, 2023 726.80 Mn
Apr 29, 2023 739.60 Mn
Jan 28, 2023 650.00 Mn
Oct 29, 2022 671.50 Mn
Jul 30, 2022 746.90 Mn
Apr 30, 2022 681.10 Mn
Jan 29, 2022 651.70 Mn
Oct 30, 2021 621.20 Mn
Jul 31, 2021 638.50 Mn