Marvell Technology Group Ltd.

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

(In thousands, except per share amounts)

Three Months Ended

August 4, 2018

Combined
Non-GAAP*

Less: non-
GAAP
Results
Attributable
to Cavium
Acquisition

Marvell
Stand-alone
Non-GAAP*

Net revenue

$

665,310

$

41,347

$

623,963

Gross profit

$

423,775

$

27,808

$

395,967

Total operating expenses

$

246,127

$

38,251

$

207,876

Interest and other income (loss), net

$

(8,938)

$

(11,836)

$

2,898

Net income (loss)

$

161,961

$

(21,388)

$

183,349

Diluted net income (loss) per share

$

0.28

$

(0.07)

$

0.35

Diluted weighted average shares

575,272

55,636

519,636

*Combined Non-GAAP net revenue is equal to GAAP net revenue.  See "Reconciliations from GAAP to Non-GAAP (Unaudited)" for a reconciliation of other Combined Non-GAAP results to GAAP results for the period.

Quarterly Revenue Trend (Unaudited)

(In thousands)

Three Months Ended

% Change

August 4,
2018*

May 5,
2018

July 29,
2017

YoY

QoQ

Storage (1)

$

335,764

$

317,069

$

311,501

8

%

6

%

Networking (2)

283,330

244,228

245,821

15

%

16

%

   Total Core

619,094

561,297

557,322

11

%

10

%

Other (3)

46,216

43,334

47,428

(3)

%

7

%

Total Revenue

$

665,310

$

604,631

$

604,750

10

%

10

%

* Results for the three months ended August 4, 2018 include total Cavium revenue from the period July 6, 2018 to August 4, 2018.