Marvell Technology, Inc. | |
Outlook for the Second Quarter of Fiscal Year 2023 | |
Reconciliations from GAAP to Non-GAAP (Unaudited) | |
(In millions, except per share amounts) | |
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| Outlook for Three Months Ended July 30, 2022 |
GAAP net revenue | $1,515 +/- 3% |
Special items: | — |
Non-GAAP net revenue | $1,515 +/- 3% |
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GAAP gross margin | 49.6% - 51.9% |
Special items: |
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Stock-based compensation | 0.7% |
Amortization of acquired intangible assets | 12.2% |
Other costs of goods sold | 1.6% |
Non-GAAP gross margin | 65.0% ~ 65.5% |
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Total GAAP operating expenses | ~ $669 |
Special items: |
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Stock-based compensation | 138 |
Amortization of acquired intangible assets | 88 |
Restructuring related charges | 2 |
Other operating expenses | 6 |
Total non-GAAP operating expenses | ~ $435 |
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GAAP diluted net income per share | $0.06 +/- $0.04 |
Special items: |
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Stock-based compensation | 0.17 |
Amortization of acquired intangible assets | 0.32 |
Other cost of goods sold | 0.03 |
Other operating expenses | 0.01 |
Other income tax effects and adjustments | (0.03) |
Non-GAAP diluted net income per share | $0.56 +/- $0.03 |
Quarterly Revenue Trend (Unaudited) | |
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Our product solutions serve five large end markets where our technology is essential: (i) data center, (ii) carrier infrastructure, (iii) enterprise networking,
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End market | Customer products and applications |
Data center |
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Carrier infrastructure |
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Enterprise networking |
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| Consumer |
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| Automotive/industrial |
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