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Marvell Technology Group Ltd. |
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Outlook for the Fourth 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 February 1, 2020 |
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GAAP revenue |
$750 +/- 3% |
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Special items: |
— |
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Non-GAAP revenue |
$750 +/- 3% |
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GAAP gross margin |
45.5% |
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Special items: |
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Share-based compensation |
0.3% |
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Amortization of acquired intangible assets |
16.2% |
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Non-GAAP gross margin |
62% |
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Total GAAP operating expenses |
$445 - $455 |
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Special items: |
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Share-based compensation |
65 |
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Restructuring related charges |
23 |
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Amortization of acquired intangible assets |
23 |
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Other operating expenses |
22 |
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Total non-GAAP operating expenses |
$315 - $320 |
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GAAP diluted net loss per share |
$(0.23) - $(0.17) |
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Special items: |
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Share-based compensation |
0.10 |
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Amortization of acquired intangible assets |
0.21 |
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Restructuring related charges in operating expenses |
0.04 |
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Other operating expenses |
0.03 |
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Other income tax effects and adjustments |
(0.01) |
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Non-GAAP diluted net income per share |
$0.15 - $0.19 |
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Quarterly Revenue Trend (Unaudited) (In thousands) |
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Three Months Ended |
% Change |
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November 2,
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August 3,
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November 3,
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YoY |
QoQ |
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Networking (1) |
$ |
329,962 |
$ |
329,605 |
$ |
398,424 |
(17) |
% |
— |
% |
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Storage (2) |
287,708 |
274,905 |
406,822 |
(29) |
% |
5 |
% |
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Total Core |
617,670 |
604,510 |
805,246 |
(23) |
% |
2 |
% |
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Other (3) |
44,800 |
52,058 |
45,805 |
(2) |
% |
(14) |
% |
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Total Revenue |
$ |
662,470 |
$ |
656,568 |
$ |
851,051 |
(22) |
% |
1 |
% |
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