Marvell Technology — Dec 2, 2025 release

This acquisition further strengthens Marvell’s position at the forefront of one of the fastest-growing opportunities in AI datacenter infrastructure.” Fourth Quarter of Fiscal 2026 Financial Outlook • Net revenue is expected to be $2.200 billion +/- 5%. • GAAP gross margin is expected to be 51.1% to 52.1%. • Non-GAAP gross margin is expected to be 58.5% to 59.5%. • GAAP operating expenses are expected to be approximately $741 million. • Non-GAAP operating expenses are expected to be approximately $515 million. • Basic weighted-average shares outstanding are expected to be 850 million. • Diluted weighted-average shares outstanding are expected to be 857 million. • GAAP diluted net income per share is expected to be $0.36 +/- $0.05 per share. • Non-GAAP diluted net income per share is expected to be $0.79 +/- $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 2, 2025 at 1:45 p.m. Pacific Time to discuss results for the third 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 join the live conference call via telephone by using the ‘Call me TM ’ link provided in the press release on November 4, 2025, and on the Quarterly Earnings section of the Marvell Investo