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 (MRVL) has 7 years of Operating Expenses data on file, last reported 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.
  • The five-year high for Operating Expenses was $1.1 billion in Q4 2024, with the low at $650.0 million in Q1 2023.
  • Average Operating Expenses over 5 years is $730.2 million, with a median of $697.4 million recorded in 2023.
  • Year-over-year, Operating Expenses surged 54.13% in 2022 and sank 32.33% in 2025.
  • Marvell Technology's Operating Expenses stood at $671.5 million in 2022, then advanced by 3.87% to $697.5 million in 2023, then surged by 50.85% to $1.1 billion in 2024, then slumped by 32.33% to $712.0 million in 2025, then advanced by 29.41% to $921.4 million in 2026.
  • Business Quant data shows MRVL's Operating Expenses at $921.4 million in Q2 2026, $743.5 million in Q1 2026, and $712.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Nvidia 4,798.43 Bn 4,754.95 Bn 61.16 Bn 7.62 Bn
2 Micron Technology 1,164.41 Bn 1,138.39 Bn 35.06 Bn 1.72 Bn
3 Advanced Micro Devices 882.18 Bn 869.83 Bn 5.42 Bn 3.94 Bn
4 Intel 645.64 Bn 626.45 Bn 5.35 Bn 8.48 Bn
5 Aeluma 370.26 Bn 370.22 Bn 386,000.00 2.13 Mn
6 Arm Holdings 358.73 Bn 355.13 Bn 1.46 Bn -1.02 Bn
7 Texas Instruments 271.25 Bn 266.15 Bn 2.80 Bn 991.00 Mn
8 Marvell Technology 239.95 Bn 236.10 Bn 1.26 Bn 921.40 Mn
9 Qualcomm 193.93 Bn 184.13 Bn 4.16 Bn 8.29 Bn
10 Analog Devices 189.67 Bn 186.23 Bn 2.44 Bn 1.06 Bn

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