Marvell Technology, Inc.

Reconciliations from GAAP to Non-GAAP (Unaudited)

(In millions, except per share amounts)

Three Months Ended

Nine Months Ended

October 29,
2022

July 30,
2022

October 30,
2021

October 29,
2022

October 30,
2021

GAAP interest and other income (loss), net

$      (40.5)

$      (35.3)

$      (34.2)

$   (106.4)

$   (103.2)

Special items:

Debt issuance related costs and other (e)

(0.5)

(1.6)

(0.1)

(6.2)

19.8

Total special items

(0.5)

(1.6)

(0.1)

(6.2)

19.8

Total non-GAAP interest and other income (loss), net

$      (41.0)

$      (36.9)

$      (34.3)

$   (112.6)

$      (83.4)

GAAP net income (loss)

$        13.3

$          4.3

$      (62.6)

$   (148.1)

$   (427.2)

Special items:

Other cost of goods sold (a)

13.0

6.3

21.5

28.6

191.0

Stock-based compensation

146.1

144.5

119.1

421.7

342.8

Restructuring related charges (b)

15.6

1.2

5.9

18.1

31.1

Legal settlement (c)

—

85.0

—

100.0

—

Other operating expenses (d)

13.5

6.0

25.4

32.2

111.1

Amortization of acquired intangible assets

269.9

271.8

279.3

814.2

684.6

Debt issuance related costs and other (e)

(0.5)

(1.6)

(0.1)

(6.2)

19.8

Pre-tax total special items

457.6

513.2

451.1

1,408.6

1,380.4

Other income tax effects and adjustments (f)

20.6

(31.5)

(24.2)

165.4

(103.1)

Non-GAAP net income

$     491.5

$     486.0

$     364.3

$  1,425.9

$     850.1

GAAP weighted average shares — basic

852.6

850.9

828.6

850.5

781.0

GAAP weighted average shares — diluted

858.4

857.9

828.6

850.5

781.0

Non-GAAP weighted average shares — diluted (g)

858.4

857.9

845.9

859.3

796.8

GAAP diluted net income (loss) per share

$        0.02

$        0.01

$      (0.08)

$      (0.17)

$      (0.55)

Non-GAAP diluted net income per share

$        0.57

$        0.57

$        0.43

$        1.66

$        1.07