HighGravityDataMarvell Technology — Dec 3, 2024 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001835632-24-000197
Showing in the filing
Non-GAAP gross margin
“approximately 60%”
Period
Q4 FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Sequential revenue growth (midpoint of) for Q4 FY2025
“19%”
Sequential revenue growth at the midpoint of for Q4 FY2025
“19%”
Revenue growth for Q4 FY2025
“to accelerate significantly to 26%”
Year-over-year revenue growth for Q4 FY2025
“26%”
Net revenue for Q4 FY2025
“$1.800 billion +/- 5%”
GAAP gross margin for Q4 FY2025
“approximately 50%”
Non-GAAP gross margin for Q4 FY2025
“approximately 60%”
GAAP operating expenses for Q4 FY2025
“approximately $710 million”
Non-GAAP operating expenses for Q4 FY2025
“approximately $480 million”
Basic weighted-average shares outstanding for Q4 FY2025
“867 million”
Diluted weighted-average shares outstanding for Q4 FY2025
“877 million”
GAAP diluted net income per share for Q4 FY2025
“$0.16 +/- $0.05 per share”
Non-GAAP diluted net income per share for Q4 FY2025
“$0.59 +/- $0.05 per share”
Non-GAAP net revenue for FY2025
“$1,800 +/- 5%”
GAAP gross margin for FY2025
“~ 50%”
Non-GAAP gross margin for FY2025
“~ 60%”
Total GAAP operating expenses for FY2025
“~ $710”
Total non-GAAP operating expenses for FY2025
“~ $480”
GAAP diluted net income per share for FY2025
“$0.16 +/- $0.05”
Non-GAAP diluted net income per share for FY2025
“$0.59 +/- $0.05”
Exhibit 99.1 · the passage around this item
… earlier in the release
We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026.” Fourth Quarter of Fiscal 2025 Financial Outlook • Net revenue is expected to be $1.800 billion +/- 5%. • GAAP gross margin is expected to be approximately 50%. • Non-GAAP gross margin is expected to be approximately 60%. • GAAP operating expenses are expected to be approximately $710 million. • Non-GAAP operating expenses are expected to be approximately $480 million. • Basic weighted-average shares outstanding are expected to be 867 million. • Diluted weighted-average shares outstanding are expected to be 877 million. • GAAP diluted net income per share is expected to be $0.16 +/- $0.05 per share. • Non-GAAP diluted net income per share is expected to be $0.59 +/- $0.05 per share. GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding. Conference Call Marvell will conduct a conference call on Tuesday, December 3, 2024 at 1:45 p.m. Pacific Time to discuss results for the third quarter of fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4fngg8m to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.