Marvell Technology, Inc.

Reconciliations from Combined Non-GAAP to Marvell Stand-alone Non-GAAP (Unaudited)

(In millions, except per share amounts)

Three Months Ended

May 1, 2021

Combined Non-GAAP*

Less: Non-GAAP Results Attributable to Inphi Acquisition

Marvell Stand-alone Non-GAAP*

Net revenue

$

832,279

$

21,783

$

810,496

Gross profit

$

535,479

$

14,166

$

521,313

Total operating expenses

$

306,265

$

9,485

$

296,780

Interest and other income (loss), net

$

(16,795)

$

(29,764)

$

12,969

Net income

$

201,799

$

862

$

200,937

Diluted net income per share

$

0.29

$

—

$

0.29

Diluted weighted-average shares

707,488

18,465

689,023

Marvell Technology, Inc.

Outlook for the Second Quarter of Fiscal Year 2022

Reconciliations from GAAP to Non-GAAP (Unaudited)

(In millions, except per share amounts)

Outlook for Three Months Ended

July 31, 2021

GAAP net revenue

$1,065 +/- 3%

Special items:

Non-GAAP net revenue

$1,065 +/- 3%

GAAP gross margin

34.8% - 37.5%

Special items:

Share-based compensation

0.9%

Amortization of acquired intangible assets

16.0%

Other costs of goods sold

10.9%

Non-GAAP gross margin

~64%

Total GAAP operating expenses

$633 - $643

Special items:

Share-based compensation

111

Amortization of acquired intangible assets

109

Restructuring related charges

30

Other operating expenses

15

Total non-GAAP operating expenses

$370 - $375

GAAP diluted net loss per share

 $(0.37) +/- $0.04

Special items:

Share-based compensation

0.14

Amortization of acquired intangible assets

0.48

Restructuring related charges

0.04

Other operating expenses

0.02

Non-GAAP diluted net income per share

$0.31 +/- $0.03