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
Non-GAAP diluted net income per share
“$0.74 +/- $0.05”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
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
Outlook for the Third Quarter of Fiscal Year 2026 Reconciliations from GAAP to Non-GAAP (Unaudited) (In millions, except per share amounts) Outlook for Three Months Ended November 1, 2025 GAAP net revenue $2,060 +/- 5% Special items: — Non-GAAP net revenue $2,060 +/- 5% GAAP gross margin 51.5% - 52.0% Special items: Stock-based compensation 0.6% Amortization of acquired intangible assets 7.4% Non-GAAP gross margin 59.5% - 60.0% Total GAAP operating expenses ~$719 Special items: Stock-based compensation 146 Amortization of acquired intangible assets 76 Restructuring related charges and other 12 Total non-GAAP operating expenses ~$485 GAAP diluted net income per share $2.03 +/- $0.05 Special items: Stock-based compensation 0.18 Amortization of acquired intangible assets 0.26 Restructuring related charges and other 0.02 Gain on sale of business (2.10) Other income tax effects and adjustments 0.35 Non-GAAP diluted net income per share $0.74 +/- $0.05 Quarterly Revenue Trend (Unaudited) Our product solutions serve five large end markets where our technology is essential: (i) data center, (ii) enterprise networking, (iii) carrier infrastructure, (iv) consumer, and (v) automotive/industrial. These markets and their corresponding customer products and applications are noted in the table below: End market Customer products and applications Data center • Cloud and on-premise Artificial intelligence (AI) systems • Cloud and on-premise ethernet switching • Cloud and on-premise network-attached storage (NAS) • Cloud and on-premise AI servers • Cloud and on-premise general-purpose servers • Cloud and on-premise storage area networks • Cloud and on-premise storage systems • Data center interconnect (DCI) Enterprise networking • Campus and small medium enterprise routers • Campus and small medium enterprise ethernet switches • Campus and small medium enterprise wireless access points (WAPs) • Network appliances (firewalls, and load balancers) • Workstations Carrier infrastructure • Broadband access systems • Ethernet switches • Optical transport systems • Routers • Wireless radio access network (RAN) systems Consumer • Broadband gateways
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.