Marvell Technology: Steady but Slower Revenue Growth
Marvell Technology (MRVL -2.19%) primarily designs, develops, and scales specialized data infrastructure solutions, as well as advanced networking hardware components, to serve a diverse range of enterprise customers globally.
It appointed a new chief financial officer and secured a custom hardware agreement with Alphabet-owned Google, while it recorded a 17% operating margin for the quarter ended Aug. 1, 2026.
Broadcom: Scaling Infrastructure Operations and Rapid Quarterly Revenue Expansion
Broadcom (AVGO -0.68%) researches, designs, and supplies a highly diversified global portfolio of advanced hardware components alongside critical infrastructure software programs for massive multinational enterprise clients across various commercial applications.
It introduced new enterprise cloud programs and finalized a hardware collaboration with OpenAI, and it recorded a 54% operating margin for the quarter ended Aug. 2, 2026.
AVGO & MRVL: Performance Comparison
Key Financial Metrics
Why Revenue Matters for Everyday Investors
Revenue provides individual investors with a transparent and straightforward metric to measure exactly how much total gross money a corporate entity generates from its core commercial activities before any standard operational expenses, taxes, or debt obligations are deducted. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
Comparing Quarterly Revenue for Marvell Technology and Broadcom
| Calendar quarter | Marvell Technology Revenue | Broadcom Revenue |
|---|---|---|
| Q3 2024 | $1.5 billion (quarter ended Nov. 2, 2024) | $14.1 billion (quarter ended Nov. 3, 2024) |
| Q4 2024 | $1.8 billion (quarter ended Jan. 31, 2025) | $14.9 billion (quarter ended Feb. 2, 2025) |
| Q1 2025 | $1.9 billion (quarter ended May 3, 2025) | $15.0 billion (quarter ended May 4, 2025) |
| Q2 2025 | $2.0 billion (quarter ended Aug. 2, 2025) | $16.0 billion (quarter ended Aug. 3, 2025) |
| Q3 2025 | $2.1 billion (quarter ended Nov. 1, 2025) | $18.0 billion (quarter ended Nov. 2, 2025) |
| Q4 2025 | $2.2 billion (quarter ended Jan. 31, 2026) | $19.3 billion (quarter ended Feb. 1, 2026) |
| Q1 2026 | $2.4 billion (quarter ended May 2, 2026) | $22.2 billion (quarter ended May 3, 2026) |
| Q2 2026 | $2.7 billion (quarter ended Aug. 1, 2026) | $29.6 billion (quarter ended Aug. 2, 2026) |
Data source: Company filings. Data as of Sept. 8, 2026.
Foolish Take
Both Marvell Technology and Broadcom specialize in developing custom semiconductor products, a key capability amid the artificial intelligence boom as tech giants, such as Google, race to build the computing infrastructure required for AI systems. Examining their revenue trends reveal insights for investors weighing whether to buy stock in these companies.
Broadcom's far higher revenue totals demonstrate the size of its business relative to Marvell. Its offerings are more expansive than Marvell's, so it makes sense that its sales would be larger. But what is telling is the rate of revenue growth Broadcom is experiencing. The $29.6 billion it made in its fiscal third quarter, ended Aug. 2, was an impressive 86% year-over-year increase. By comparison, Marvell's fiscal Q2 sales of $2.7 billion represents 37% year-over-year growth.
That said, a factor in Marvell's lower revenue expansion is its narrow focus on optical connectivity. As AI data centers grow too big for standard copper connections, Marvell's specialization in scaling optical interconnects to move data efficiently across large distances provides it with an edge to capture sales from hyperscalers. The company does more than connectivity, but this area gives it a foot in the door to eventually eat at Broadcom's business.
