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 per share”
Period
Q2 FY2027
Measure
Company-defined measure
Source
Prose
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
• Basic weighted-average shares outstanding are expected to be 899 million. • Diluted weighted-average shares outstanding are expected to be 915 million. • GAAP diluted net income per share is expected to be $0.37 +/- $0.05 per share. • Non-GAAP diluted net income per share is expected to be $0.93 +/- $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. The Company calculated EPS under the two-class method as a result of the issuance of the Series A Convertible Preferred Stock on March 31, 2026. Conference Call Marvell will conduct a conference call on Wednesday, May 27, 2026 at 1:45 p.m. Pacific Time to discuss results for the first quarter of fiscal year 2027. 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 May 4, 2026, and on the Quarterly Earnings section of the Marvell Investor Relations website, to receive an instant automated call back. To join the call via telephone with operator assistance, please dial 1-877-407-8291 or 1-201-689-8345. A replay of the call can be accessed by dialing 1-877-660-6853 or 1-201-612-7415, passcode 1
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.