Marvell Technology — Mar 5, 2025 release

We expect first-quarter revenue growth of over 60 percent year-over-year at the mid-point of guidance, and we anticipate strong revenue growth for the full fiscal year.” First Quarter of Fiscal 2026 Financial Outlook   • Net revenue is expected to be $1.875 billion +/- 5%. • GAAP gross margin is expected to be approximately 50.5%. • Non-GAAP gross margin is expected to be approximately 60%. • GAAP operating expenses are expected to be approximately $712 million. • Non-GAAP operating expenses are expected to be approximately $490 million. • Basic weighted-average shares outstanding are expected to be 867 million. • Diluted weighted-average shares outstanding are expected to be 880 million. • GAAP diluted net income per share is expected to be $0.19 +/- $0.05 per share. • Non-GAAP diluted net income per share is expected to be $0.61 +/- $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 Wednesday, March 5, 2025 at 1:45 p.m. Pacific Time to discuss results for the fourth quarter and fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4h8OI7Q to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-83