Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2024 Financial Results

 

 Marvell Technology, Inc.

 Outlook for the Fourth Quarter of Fiscal Year 2024

Reconciliations from GAAP to Non-GAAP (Unaudited)

 (In millions, except per share amounts)






Outlook for Three Months Ended

February 3, 2024

GAAP net revenue

$1,420 +/- 5%

Special items:

Non-GAAP net revenue

$1,420 +/- 5%



GAAP gross margin

48.2% - 50.7%

Special items:


Stock-based compensation

0.7 %

Amortization of acquired intangible assets

13.8 %

Non-GAAP gross margin

63.5% - 64.5%



Total GAAP operating expenses

~$680

Special items:


Stock-based compensation

153

Amortization of acquired intangible assets

92

Restructuring related charges

5

Total non-GAAP operating expenses

~$430





GAAP diluted loss per share

 $(0.03) +/- $0.05

Special items:


Stock-based compensation

0.19

Amortization of acquired intangible assets

0.33

Other income tax effects and adjustments

(0.03)

Non-GAAP diluted net income per share

$0.46 +/- $0.05

Quarterly Revenue Trend (Unaudited)

Our product solutions serve five large end markets where our technology is essential: (i) data center, (ii) enterprise networking, (iii) carrier infrastructure, (iv) consumer, and (v) automotive/industrial. These markets and their corresponding customer products and applications are noted in the table below:

End market

Customer products and applications

Data center

•          Cloud and on-premise Artificial intelligence (AI) systems

•          Cloud and on-premise ethernet switching

•          Cloud and on-premise network-attached storage (NAS)

•          Cloud and on-premise servers

•          Cloud and on-premise storage area networks

•          Cloud and on-premise storage systems

•          Data center interconnect (DCI)

Enterprise networking

•          Campus and small medium enterprise routers

•          Campus and small medium enterprise ethernet switches

•          Campus and small medium enterprise wireless access points (WAPs)

•          Network appliances (firewalls, and load balancers)

•          Workstations

Carrier infrastructure

•          Broadband access systems

•          Ethernet switches

•          Optical transport systems

•          Routers

•          Wireless radio access network (RAN) systems

Consumer

•          Broadband gateways and routers

•          Gaming consoles

•          Home data storage

•          Home wireless access points (WAPs)

•          Personal Computers (PCs)

•          Printers

•          Set-top boxes

Automotive/industrial

•          Advanced driver-assistance systems (ADAS)

•          Autonomous vehicles (AV)

•          In-vehicle networking

•          Industrial ethernet switches

•          United States military and government solutions

•          Video surveillance


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise