Marvell Technology Group Ltd. | |
Outlook for the Third Quarter of Fiscal Year 2020 | |
Reconciliations from GAAP to Non-GAAP (Unaudited) | |
(In millions, except per share amounts) | |
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| Outlook for Three Months Ended November 2, 2019 |
GAAP revenue | $660 +/- 3% |
Special items: | — |
Non-GAAP revenue | $660 +/- 3% |
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GAAP gross margin | 53.5% to 54.5% |
Special items: |
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Share-based compensation | 0.3% |
Amortization of acquired intangible assets | 9.2% |
Non-GAAP gross margin | 63% to 64% |
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Total GAAP operating expenses | $380 - $390 |
Special items: |
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Share-based compensation | 65 |
Restructuring related charges | 2 |
Amortization of acquired intangible assets | 20 |
Other operating expenses | 18 |
Total non-GAAP operating expenses | $280 +/- $2.5 |
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GAAP diluted net loss per share | $(0.09) - $(0.05) |
Special items: |
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Share-based compensation | 0.10 |
Amortization of acquired intangible assets | 0.12 |
Other operating expenses | 0.03 |
Other income tax effects and adjustments | (0.01) |
Non-GAAP diluted net income per share | $0.15 - $0.19 |
Quarterly Revenue Trend (Unaudited) | |||||||||||||||||
(In thousands) | |||||||||||||||||
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| Three Months Ended |
| % Change | ||||||||||||||
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| August 3,
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| May 4,
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| August 4,
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| YoY |
| QoQ | ||||||||
Storage (1) | $ | 274,905 |
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| $ | 278,667 |
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| $ | 335,764 |
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| (18) | % |
| (1) | % |
Networking (2) | 329,605 |
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| 341,344 |
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| 283,330 |
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| 16 | % |
| (3) | % | |||
Total Core | 604,510 |
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| 620,011 |
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| 619,094 |
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| (2) | % |
| (3) | % | |||
Other (3) | 52,058 |
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| 42,441 |
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| 46,216 |
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| 13 | % |
| 23 | % | |||
| Total Revenue | $ | 656,568 |
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| $ | 662,452 |
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| $ | 665,310 |
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| (1) | % |
| (1) | % |
