Marvell Technology — Mar 5, 2026 release

 Outlook for the First Quarter of Fiscal Year 2027 Reconciliations from GAAP to Non-GAAP (Unaudited)  (In millions, except per share amounts) Outlook for Three Months Ended May 2, 2026 GAAP net revenue  $2,400 +/- 5% Special items: — Non-GAAP net revenue $2,400 +/- 5% GAAP gross margin 51.4% - 52.4% Special items: Stock-based compensation 0.65% Amortization of acquired intangible assets 6.20% Non-GAAP gross margin 58.25% - 59.25% Total GAAP operating expenses ~$872 Special items: Stock-based compensation 181 Amortization of acquired intangible assets 73 Integration related charges 31 Restructuring related charges and other 12 Total non-GAAP operating expenses ~$575 GAAP diluted net income per share $0.31 +/- $0.05 Special items: Stock-based compensation 0.22 Amortization of acquired intangible assets 0.25 Integration related charges 0.04 Restructuring related charges and other 0.01 Other income tax effects and adjustments (0.04) Non-GAAP diluted net income per share $0.79 +/- $0.05 Quarterly Revenue Trend (Unaudited) Our product solutions serve two end markets: (i) data center and (ii) communications and other. 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-p