Marvell Technology Group Non-GAAP EPS of $0.33 beats by $0.01, revenue of $1.34B beats by $10M
Marvell Technology Group press release (NASDAQ:MRVL): Q2 Non-GAAP EPS of $0.33  beats by $0.01.
Revenue of $1.34B (-11.8% Y/Y)  beats by $10M.
Q2 Gross Margin: 38.9% GAAP gross margin; 60.3% non-GAAP gross margin.

Q3 Outlook: Net revenue is expected to be $1.400 billion +/- 5%.

GAAP gross margin is expected to be 45.6% - 48.0%.
Non-GAAP gross margin is expected to be 60.3% - 61.3%.
GAAP operating expenses are expected to be $666 million - $671 million.
Non-GAAP operating expenses are expected to be $435 million - $440 million.
Basic weighted average shares outstanding are expected to be 863 million.
Diluted weighted average shares outstanding are expected to be 869 million.
GAAP diluted loss per share is expected to be $(0.07) +/- $0.05 per share.
Non-GAAP diluted income per share is expected to be $0.40 +/- $0.05 per share
Shares -1.54%.


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