Marvell Technology Group Non-GAAP EPS of $0.52 beats by $0.01, revenue of $1.45B beats by $20M
Marvell Technology Group press release (NASDAQ:MRVL): Q1 Non-GAAP EPS of $0.52  beats by $0.01.
Revenue of $1.45B (+74.2% Y/Y)  beats by $20M.
Q1 Gross Margin: 51.9% GAAP gross margin; 65.5% non-GAAP gross margin.

Q2 Outlook: Net revenue is expected to be $1.515 billion +/- 3%.

GAAP gross margin is expected to be 49.6% to 51.9%.
Non-GAAP gross margin is expected to be 65.0% to 65.5%.
GAAP operating expenses are expected to be approximately $669 million.
Non-GAAP operating expenses are expected to be approximately $435 million.
Basic weighted average shares outstanding are expected to be 853 million.
Diluted weighted average shares outstanding are expected to be 862 million.
GAAP diluted income per share is expected to be $0.06 +/- $0.04 per share.
Non-GAAP diluted income per share is expected to be $0.56 +/- $0.03 per share.
Shares -0.42%.