Marvell Technology (MRVL) Operating Margin (2020 - 2026)
Marvell Technology (MRVL) posted Operating Margin of 14.04% for Q2 2026, down 22.98% sequentially from 18.23% in Q1 2026, and down 24.0% YoY from 18.47% in Q2 2025.
Marvell Technology (MRVL) Operating Margin (2020 - 2026) Analysis & Trends
Marvell Technology has reported Operating Margin for 7 years, with the latest figure at 14.04% in Q2 2026.
- Quarterly Operating Margin fell 24.0% year-over-year to 14.04% in Q2 2026, while the trailing twelve-month figure through May 2026 was 15.97% (up 2054.0% YoY) and the FY2026 annual result came in at 16.14%, up 2863.0% from the prior year.
- Operating Margin eased to 14.04% in Q2 2026 per MRVL's latest filing, from 18.23% in the prior quarter.
- Over five years, Operating Margin peaked at 18.23% in Q1 2026 and troughed at 46.36% in Q4 2024.
- A 5-year average of 0.03% and a median of 2.58% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2025: Operating Margin sank 3604 bps in 2024, then soared 6360 bps in 2025.
- Over 5 years, Operating Margin stood at 6.88% in 2022, then sank by 250 bps to 10.31% in 2023, then plunged by 349 bps to 46.36% in 2024, then jumped by 137 bps to 17.25% in 2025, then decreased by 19 bps to 14.04% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 14.04%, 18.23%, and 17.25% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 10,848.43 Bn | 10,750.17 Bn | 23.77 Bn | 58.10% |
| 2 | Nvidia | 5,220.28 Bn | 5,169.94 Bn | 61.16 Bn | 65.60% |
| 3 | Broadcom | 1,746.09 Bn | 1,726.46 Bn | 15.42 Bn | 48.62% |
| 4 | Micron Technology | 1,092.82 Bn | 1,066.80 Bn | 35.06 Bn | 80.37% |
| 5 | Advanced Micro Devices | 773.31 Bn | 760.20 Bn | 6.20 Bn | 17.25% |
| 6 | Intel | 459.59 Bn | 429.86 Bn | 6.51 Bn | 11.14% |
| 7 | Arm Holdings | 259.13 Bn | 255.24 Bn | 1.25 Bn | 7.06% |
| 8 | Texas Instruments | 241.28 Bn | 234.28 Bn | 3.35 Bn | 42.28% |
| 9 | Marvell Technology | 209.48 Bn | 205.64 Bn | 1.26 Bn | 14.04% |
| 10 | Analog Devices | 182.02 Bn | 178.58 Bn | 2.44 Bn | 38.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 14.04% |
| Jan 31, 2026 | 18.23% |
| Nov 1, 2025 | 17.25% |
| Aug 2, 2025 | 14.46% |
| May 3, 2025 | 14.28% |
| Feb 1, 2025 | 12.94% |
| Nov 2, 2024 | -46.36% |
| Aug 3, 2024 | -7.89% |
| May 4, 2024 | -13.12% |
| Feb 3, 2024 | -2.33% |
| Oct 28, 2023 | -10.31% |
| Jul 29, 2023 | -15.34% |
| Apr 29, 2023 | -13.80% |
| Jan 28, 2023 | 1.64% |
| Oct 29, 2022 | 6.88% |
| Jul 30, 2022 | 2.58% |
| Apr 30, 2022 | 4.82% |
| Jan 29, 2022 | 2.58% |
| Oct 30, 2021 | -2.76% |
| Jul 31, 2021 | -24.79% |