Marvell Technology Group Non-GAAP EPS of $0.31 beats by $0.02, revenue of $1.32B beats by $20M
Marvell Technology Group press release (NASDAQ:MRVL): Q1 Non-GAAP EPS of $0.31  beats by $0.02.
Revenue of $1.32B (-9.0% Y/Y)  beats by $20M.

Q2 Outlook: Net revenue is expected to be $1.330 billion vs. consensus of $1.31B, +/- 5%.
GAAP gross margin is expected to be 44.3% - 46.8%.

Non-GAAP gross margin is expected to be approximately 60.0% - 61.0%.
GAAP operating expenses are expected to be approximately $694 million.
Non-GAAP operating expenses are expected to be approximately $455 million.
Basic weighted average shares outstanding are expected to be 861 million.
Diluted weighted average shares outstanding are expected to be 865 million.
GAAP diluted loss per share is expected to be $(0.16) +/- $0.05 per share.
Non-GAAP diluted income per share is expected to be $0.32 vs. consensus of $0.31, +/- $0.05 per share.
Shares +13.58%.