Marvell Technology, Inc. | |
Outlook for the Third Quarter of Fiscal Year 2022 | |
Reconciliations from GAAP to Non-GAAP (Unaudited) | |
(In millions, except per share amounts) | |
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| Outlook for Three Months Ended
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GAAP net revenue | $1,145 +/- 3% |
Special items: | — |
Non-GAAP net revenue | $1,145 +/- 3% |
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GAAP gross margin | 46.3% - 48.3% |
Special items: |
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Share-based compensation | 0.9% |
Amortization of acquired intangible assets | 14.7% |
Other costs of goods sold | 1.6% |
Non-GAAP gross margin | 64% - 65% |
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Total GAAP operating expenses | $584 - $594 |
Special items: |
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Share-based compensation | 103 |
Amortization of acquired intangible assets | 109 |
Restructuring related charges | 4 |
Other operating expenses | 5 |
Total non-GAAP operating expenses | $365 - $370 |
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GAAP diluted net loss per share | $(0.10) +/- $0.04 |
Special items: |
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Share-based compensation | 0.14 |
Amortization of acquired intangible assets | 0.35 |
Other operating expenses | 0.01 |
Other income tax effects and adjustments | (0.02) |
Non-GAAP diluted net income per share | $0.38 +/- $0.03 |
Quarterly Revenue Trend (Unaudited)
Our product solutions serve five large end markets where our technology is essential: (i) data center, (ii) carrier infrastructure, (iii) enterprise networking, (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) |
Carrier infrastructure | • • • • • | Digital Subscriber Line Access Multiplexers (DSLAMs) Ethernet switches Optical transport systems Routers Wireless radio access network (RAN) systems |
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 |
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 |
