Key Highlights

  • Marvell’s $0.06 quarterly Dividend trades ex-dividend October 9, 2026, with payment on October 29 to stockholders of record.
  • Second-quarter net Revenue was $2,739.3 million, up 37% year over year and 13% sequentially, which the company called a record.
  • Data center revenue was $2,171.5 million, or 79% of the total, up 46%, compared with $1,490.5 million.
  • GAAP diluted EPS was $0.33 and non-GAAP diluted EPS was $0.94, with third-quarter revenue guided to $3.150 billion.

Marvell Technology, Inc. (NASDAQ:MRVL) declared a quarterly dividend of $0.06 per share, a Yield of 0.08%, payable October 29 to stockholders of record on October 9, 2026. The $0.06 amount equals 18.2% of second-quarter GAAP diluted EPS of $0.33 and 6.4% of non-GAAP diluted EPS of $0.94. Net revenue was $2,739.3 million.

Dividend Program and Shareholder Returns

The company announced the dividend on September 25, 2026, stating it applies to common stock, including preferred stock on an as-converted basis, payable October 29 to stockholders of record on October 9. The shares trade ex-dividend on October 9.

The $0.06 quarterly amount equals $0.24 on an annualized basis, a computed figure. In the second quarter, the company paid $53.9 million of dividends and repurchased $200.0 million of common stock, compared with $107.7 million and $400.0 million for six months. Each dividend remains subject to board approval.

About the Company

Marvell Technology, Inc. is a semiconductor company reporting Data Center and communications and other revenue. At August 1, 2026, cash and cash equivalents were $3,932.8 million and long-term Debt was $4,962.9 million, with Short-Term Debt at zero, compared with $499.8 million at January 31. Inventory was $1,360.6 million.

Second-Quarter Revenue, Margins and Earnings

For the quarter ended August 1, 2026, net revenue was $2,739.3 million. Gross Margin was 53.1% on a GAAP basis and 58.9% non-GAAP. Operating Margin was 16.8% GAAP and 36.6% non-GAAP.

GAAP Net Income was $308.0 million, or $0.33 per diluted share. Non-GAAP net income was $865.9 million, or $0.94 per diluted share. Operating Cash Flow was $605.5 million. For six months, net revenue was $5,157.1 million and GAAP net income was $342.5 million. Six-month revenue less second-quarter revenue leaves $2,417.8 million for the first quarter, a computed figure consistent with the 13% sequential growth.

Data Center Revenue and Operating Expenses

Data center revenue was $2,171.5 million, compared with $1,490.5 million, while communications and other revenue was $567.8 million, compared with $515.6 million, an increase of 10%. Research and Development expense was $741.1 million in the quarter and $1,393.4 million for six months.

The company reported $1,270.9 million of acquisitions, net of cash acquired, for six months, and Goodwill rose from $11,062.2 million to $13,873.9 million over the same period.

Guidance and Dividend Relationships

The third-quarter guidance is net revenue of $3.150 billion plus or minus 5%, GAAP diluted EPS of $0.53 plus or minus $0.05, and non-GAAP diluted EPS of $1.10 plus or minus $0.05. The company stated it is again raising its revenue outlook for fiscal 2027 and fiscal 2028 and gave no figures.

Non-GAAP net income equals 31.6% of net revenue and GAAP net income equals 11.2%, both computed, while research and development expense equals 27.1% of net revenue. The $53.9 million of second-quarter dividends equals 8.9% of operating cash flow, and data center revenue equals 79.3% of net revenue, both computed. The $0.06 dividend equals 5.5% of midpoint third-quarter non-GAAP EPS of $1.10.

Outlook

Marvell’s $0.06 quarterly dividend is payable October 29 to stockholders of record on October 9, 2026. The $3.150 billion third-quarter revenue guidance, the $1.10 midpoint non-GAAP EPS guidance, data center revenue growth of 46%, and the $1,270.9 million of Acquisition spending are the relevant considerations.