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| Date | Value |
|---|---|
| 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 |