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Can MRVL Sustain EPS Momentum as AI Competition Heats Up?

Key Takeaways Marvell's non-GAAP operating margin rose 870 bps YoY to 34.8% in Q2 fiscal 2026.EPS surged 123% YoY, outpacing revenue growth as cost cuts boosted leverage.AI chip demand and 2.5D packaging platform drive Marvell's next-generation expansion.Marvell Technology’s (MRVL) non-GAAP operating margin expanded a whopping 870 basis points year over year, marking 34.8%. On its second-quarter fiscal 2026 earnings call, the company highlighted that non-GAAP earnings per diluted share rose 123% year over y ...