HighGravityDataMarvell Technology — Aug 27, 2026 release
Fiscal 2027 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001835632-26-000022
Showing in the filing
GAAP diluted net income per share
“$0.53 +/- $0.05 per share”
Period
Q3 FY2027
Measure
GAAP-tied
Source
Prose
All guidance in this release · 11
Net revenue for Q3 FY2027
“$3.150 billion +/- 5%”
GAAP gross margin for Q3 FY2027
“52.9% to 53.9%”
Non-GAAP gross margin for Q3 FY2027
“57.5% to 58.5%”
GAAP operating expenses for Q3 FY2027
“approximately $1.015 billion”
Basic weighted-average shares outstanding for Q3 FY2027
“900 million”
Diluted weighted-average shares outstanding for Q3 FY2027
“921 million”
GAAP diluted net income per share for Q3 FY2027
“$0.53 +/- $0.05 per share”
Non-GAAP diluted net income per share for Q3 FY2027
“$1.10 +/- $0.05 per share”
Non-GAAP net revenue for Q3 FY2027
“$3,150 +/- 5%”
Total GAAP operating expenses for Q3 FY2027
“~$1,015”
Total non-GAAP operating expenses for Q3 FY2027
“~$655”
Exhibit 99.1 · the passage around this item
… earlier in the release
• 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.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 August 3, 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.