Marvell Technology Group Ltd. Reports Third Quarter of Fiscal Year 2019 Financial Results

 

Marvell Technology Group Ltd.

Outlook for the Fourth Quarter of Fiscal Year 2019

Reconciliations from GAAP to Non-GAAP (Unaudited)

(In millions, except per share amounts)

   
   
 

Outlook for Three Months Ended

February 2, 2019

GAAP revenue

 $790 - $830

Special items:

Non-GAAP revenue

$790 - $830

   

GAAP gross margin

46%

Special items:

 

Share-based compensation

0.2%

Amortization of acquired intangible assets

7%

Other costs of goods sold

12%

Non-GAAP gross margin

65%

   

Total GAAP operating expenses

 $375 - $385

Special items:

 

Share-based compensation

55

Restructuring related charges

15

Amortization of acquired intangible assets

21

Other operating expenses

2

Total non-GAAP operating expenses

$285 - $290

   
   

GAAP diluted net income per share from continuing operations

 $(0.05) - $(0.01)

Special items:

 

Other costs of goods sold

0.15

Share-based compensation

0.09

Restructuring related charges in operating expenses

0.02

Amortization of acquired intangible assets

0.12

Other (gains) and losses in interest and other income, net

(0.01)

Other income tax effects and adjustments

(0.02)

Non-GAAP diluted net income per share from continuing operations

$0.30 - $0.34

 

Quarterly Revenue Trend (Unaudited)

(In thousands)

     
 

Three Months Ended

 

% Change

 

November 3,
 2018

 

August 4,

2018*

 

October 28,
 2017

 

YoY

 

QoQ

Storage (1)

$

406,822

   

$

335,764

   

$

315,338

   

29

%

 

21

%

Networking (2)

398,424

   

283,330

   

253,159

   

57

%

 

41

%

   Total Core

805,246

   

619,094

   

568,497

   

42

%

 

30

%

Other (3)

45,805

   

46,216

   

47,805

   

(4)

%

 

(1)

%

Total Revenue

$

851,051

   

$

665,310

   

$

616,302

   

38

%

 

28

%

 

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


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



Review Article Be the first to review this article



© 2021 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