Marvell Technology Group Non-GAAP EPS of $0.46 misses by $0.01, revenue of $1.42B beats by $10M
Marvell Technology Group press release (NASDAQ:MRVL): Q4 Non-GAAP EPS of $0.46  misses by $0.01.
Revenue of $1.42B (+6.0% Y/Y)  beats by $10M.
Shares -5%.

First Quarter of Fiscal 2024 Financial Outlook

Net revenue is expected to be $1.300 billion +/- 5% vs. $1.39B consensus.
GAAP gross margin is expected to be 45.1% +/- 1%.
Non-GAAP gross margin is expected to be approximately 60%.
GAAP operating expenses are expected to be approximately $687 million.
Non-GAAP operating expenses are expected to be approximately $460 million.
Basic weighted-average shares outstanding are expected to be 858 million.
Diluted weighted-average shares outstanding are expected to be 863 million.
GAAP diluted loss per share is expected to be $(0.17) +/- $0.05 per share.
Non-GAAP diluted income per share is expected to be $0.29 +/- $0.05 per share vs. $0.41 consensus.