Marvell Technology(US:MRVL)2025-05-29 21:15Non-GAAP Financial Measures - Marvell uses non-GAAP financial measures to evaluate operating performance, establish internal budgets, compare performance with forecasts, and determine compensation [3, 7] - A non-GAAP tax rate of 10% was applied to the non-GAAP financial results for the first quarter of fiscal year 2026 [3] - Marvell believes non-GAAP financial measures provide supplemental information to management and investors regarding financial and business trends [4, 17, 19] Balance Sheet (May 3, 2025) - Cash and cash equivalents totaled $885.9 million [9] - Accounts receivable, net, were $1,144.0 million [9] - Inventories amounted to $1,071.4 million [9] - Total current assets reached $3,837.6 million [9] - Goodwill was valued at $11,062.2 million [9] - Total assets were $20,023.7 million [9] Income Statement (May 3, 2025) - Net revenue was $1,895.3 million [11] - Cost of goods sold was $942.9 million [11] - Gross profit was $952.4 million [11] - Net income was $177.9 million [11] Revenue by End Market (May 3, 2025) - Data center revenue was $1,440.6 million, representing 76% of total net revenue [21] - Enterprise networking revenue was $177.5 million, accounting for 9% of total net revenue [21] - Carrier infrastructure revenue was $138.4 million, making up 7% of total net revenue [21]