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Marvell Technology Group Ltd. |
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Outlook for the Second Quarter of Fiscal Year 2020 |
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Reconciliations from GAAP to Non-GAAP (Unaudited) |
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(In millions, except per share amounts) |
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Outlook for Three Months Ended
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GAAP revenue |
$650 +/- 3% |
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Special items: |
— |
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Non-GAAP revenue |
$650 +/- 3% |
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GAAP gross margin |
53% to 54% |
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Special items: |
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Share-based compensation |
0.3% |
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Amortization of acquired intangible assets |
9.4% |
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Non-GAAP gross margin |
63% to 64% |
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Total GAAP operating expenses |
$370 - $380 |
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Special items: |
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Share-based compensation |
64 |
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Restructuring related charges |
1 |
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Amortization of acquired intangible assets |
20 |
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Other operating expenses |
2 |
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Total non-GAAP operating expenses |
$285 - $290 |
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GAAP diluted net loss per share |
$(0.09) - $(0.05) |
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Special items: |
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Share-based compensation |
0.10 |
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Amortization of acquired intangible assets |
0.12 |
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Other operating expenses |
0.01 |
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Other income tax effects and adjustments |
(0.01) |
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Non-GAAP diluted net income per share |
$0.13 - $0.17 |
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Quarterly Revenue Trend (Unaudited) |
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(In thousands) |
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Three Months Ended |
% Change |
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May 4,
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February 2,
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May 5,
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YoY |
QoQ |
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Storage (1) |
$ |
278,667 |
$ |
317,042 |
$ |
317,069 |
(12) |
% |
(12) |
% |
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Networking (2) |
341,344 |
387,457 |
244,228 |
40 |
% |
(12) |
% |
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Total Core |
620,011 |
704,499 |
561,297 |
10 |
% |
(12) |
% |
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Other (3) |
42,441 |
40,300 |
43,334 |
(2) |
% |
5 |
% |
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Total Revenue |
$ |
662,452 |
$ |
744,799 |
$ |
604,631 |
10 |
% |
(11) |
% |
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