HighGravityDataMarvell Technology — Aug 28, 2025 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001835632-25-000187
Showing in the filing
Net revenue
“$2.060 billion +/- 5%”
Period
Q3 FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 16
Net revenue for Q3 FY2026
“$2.060 billion +/- 5%”
GAAP gross margin for Q3 FY2026
“51.5% to 52.0%”
Non-GAAP gross margin for Q3 FY2026
“59.5% to 60.0%”
GAAP operating expenses for Q3 FY2026
“approximately $719 million”
Non-GAAP operating expenses for Q3 FY2026
“approximately $485 million”
Basic weighted-average shares outstanding for Q3 FY2026
“863 million”
Diluted weighted-average shares outstanding for Q3 FY2026
“870 million”
GAAP diluted net income per share for Q3 FY2026
“$2.03 +/- $0.05 per share”
Non-GAAP diluted net income per share for Q3 FY2026
“$0.74 +/- $0.05 per share”
Non-GAAP net revenue for FY2025
“$2,060 +/- 5%”
GAAP gross margin for FY2025
“51.5% - 52.0%”
Non-GAAP gross margin for FY2025
“59.5% - 60.0%”
Total GAAP operating expenses for FY2025
“~$719”
Total non-GAAP operating expenses for FY2025
“~$485”
GAAP diluted net income per share for FY2025
“$2.03 +/- $0.05”
Non-GAAP diluted net income per share for FY2025
“$0.74 +/- $0.05”
Exhibit 99.1 · the passage around this item
… earlier in the release
Our custom AI design activity is at an all-time high, with the Marvell team now engaged in over 50 new opportunities across more than 10 customers.” Third Quarter of Fiscal 2026 Financial Outlook • Net revenue is expected to be $2.060 billion +/- 5%. • GAAP gross margin is expected to be 51.5% to 52.0%. • Non-GAAP gross margin is expected to be 59.5% to 60.0%. • GAAP operating expenses are expected to be approximately $719 million. • Non-GAAP operating expenses are expected to be approximately $485 million. • Basic weighted-average shares outstanding are expected to be 863 million. • Diluted weighted-average shares outstanding are expected to be 870 million. • GAAP diluted net income per share is expected to be $2.03 +/- $0.05 per share. • Non-GAAP diluted net income per share is expected to be $0.74 +/- $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 Thursday, August 28, 2025 at 1:45 p.m. Pacific Time to discuss results for the second quarter of fiscal year 2026. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. Interested parties may also j
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.