Marvell Technology — Aug 27, 2026 release

 Outlook for the Third Quarter of Fiscal Year 2027 Reconciliations from GAAP to Non-GAAP (Unaudited)  (In millions, except per share amounts) Outlook for Three Months Ended October 31, 2026 GAAP net revenue $3,150 +/- 5% Special items: — Non-GAAP net revenue $3,150 +/- 5% GAAP gross margin 52.9% - 53.9% Special items: Stock-based compensation ~0.8% Amortization of acquired intangible assets ~3.9% Non-GAAP gross margin 57.5% - 58.5% Total GAAP operating expenses ~$1,015 Special items: Stock-based compensation 285 Amortization of acquired intangible assets 72 Restructuring related charges 1 Other 2 Total non-GAAP operating expenses ~$655 GAAP diluted net income per share  $0.53 +/- $0.05 Special items: Stock-based compensation 0.34 Amortization of acquired intangible assets 0.21 Other income tax effects and adjustments (0.03) Other 0.05 Non-GAAP diluted net income per share $1.10 +/- $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 e