HighGravityDataMarvell Technology — May 27, 2026 release
Fiscal 2027 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001835632-26-000014
Showing in the filing
Non-GAAP diluted net income per share
“$0.93 +/- $0.05”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 17
Revenue for Q2 FY2027
“$2.7 billion at the mid-point, representing 35% year-over-year growth”
Net revenue for Q2 FY2027
“$2.700 billion +/- 5%”
GAAP gross margin for Q2 FY2027
“52.1% to 53.1%”
Non-GAAP gross margin for Q2 FY2027
“58.25% to 59.25%”
GAAP operating expenses for Q2 FY2027
“approximately $960 million”
Non-GAAP operating expenses for Q2 FY2027
“approximately $600 million”
Basic weighted-average shares outstanding for Q2 FY2027
“899 million”
Diluted weighted-average shares outstanding for Q2 FY2027
“915 million”
GAAP diluted net income per share for Q2 FY2027
“$0.37 +/- $0.05 per share”
Non-GAAP diluted net income per share for Q2 FY2027
“$0.93 +/- $0.05 per share”
Non-GAAP net revenue for FY2026
“$2,700 +/- 5%”
GAAP gross margin for FY2026
“52.1% - 53.1%”
Non-GAAP gross margin for FY2026
“58.25% - 59.25%”
Total GAAP operating expenses for FY2026
“~$960”
Total non-GAAP operating expenses for FY2026
“~$600”
GAAP diluted net income per share for FY2026
“$0.37 +/- $0.05”
Non-GAAP diluted net income per share for FY2026
“$0.93 +/- $0.05”
Exhibit 99.1 · the passage around this item
… earlier in the release
Outlook for the Second Quarter of Fiscal Year 2027 Reconciliations from GAAP to Non-GAAP (Unaudited) (In millions, except per share amounts) Outlook for Three Months Ended August 1, 2026 GAAP net revenue $2,700 +/- 5% Special items: — Non-GAAP net revenue $2,700 +/- 5% GAAP gross margin 52.1% - 53.1% Special items: Stock-based compensation ~0.8% Amortization of acquired intangible assets ~5.3% Non-GAAP gross margin 58.25% - 59.25% Total GAAP operating expenses ~$960 Special items: Stock-based compensation 282 Amortization of acquired intangible assets 72 Restructuring related charges 1 Other 5 Total non-GAAP operating expenses ~$600 GAAP diluted net income per share $0.37 +/- $0.05 Special items: Stock-based compensation 0.33 Amortization of acquired intangible assets 0.23 Other income tax effects and adjustments (0.05) Other 0.05 Non-GAAP diluted net income per share $0.93 +/- $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-premise general-purpose servers • Cloud and on-premise storage area networks • Cloud and on-premise storage systems • Data center interconnect (“DCI”) Communications and other 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 and routers • Gaming consoles • Home data storage • Home wireless access poi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.