Marvell Technology — Aug 27, 2026 release

We look forward to showcasing these growth drivers and sharing Marvell’s long-term strategy for enabling the continued expansion of AI infrastructure at our Investor Day on October 6 th , 2026.” Third Quarter of Fiscal 2027 Financial Outlook • Net revenue is expected to be $3.150 billion +/- 5%. • GAAP gross margin is expected to be 52.9% to 53.9%. • Non-GAAP gross margin is expected to be 57.5% to 58.5%. • GAAP operating expenses are expected to be approximately $1.015 billion. • Non-GAAP operating expenses are expected to be approximately $655 million. • Basic weighted-average shares outstanding are expected to be 900 million. • Diluted weighted-average shares outstanding are expected to be 921 million. • GAAP diluted net income per share is expected to be $0.53 +/- $0.05 per share. • Non-GAAP diluted net income per share is expected to be $1.10 +/- $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 Thursday, August 27, 2026 at 1:45 p.m. Pacific Time to discuss results for the second quarter of fiscal year 2027. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.