As of Q3'26 (2025-11-01), MRVL's gross margin stands at 51.6%, operating margin at 17.2%, and net profit margin at an exceptionally high 91.7%. These figures represent significant improvements compared to previous quarters, especially in net profit margin, which saw a dramatic surge. Over the period from Q4'23 to Q3'26, MRVL's margins experienced notable volatility. Gross margin initially declined from 47.5% to a low of 23% in Q3'25, before rebounding sharply to above 50% in the most recent quarters. Operating and net profit margins were negative for much of 2023 and 2024, hitting their lowest points in Q3'25 (-46.4% and -44.6% respectively), but both recovered strongly in 2025, with net profit margin spiking to 91.7% in Q3'26—an outlier that may indicate a one-time gain or extraordinary event. Overall, the chart shows a turnaround in profitability, with all margin metrics reaching multi-year highs by the end of the period.