Marvell Technology(US:MRVL)2025-08-28 20:45Non-GAAP Financial Measures - Marvell uses non-GAAP financial measures to evaluate operating performance, establish budgets, compare performance against forecasts, and determine compensation[3, 7] - A non-GAAP tax rate of 100% was applied to the non-GAAP financial results for the second quarter of fiscal year 2026[3] - Non-GAAP operating income for the quarter ended August 2, 2025, was $6988 million, compared to a GAAP operating income of $2901 million[17] - Non-GAAP net income for the quarter ended August 2, 2025, was $5855 million, compared to a GAAP net income of $1948 million[19] Balance Sheet Highlights (as of August 2, 2025) - Cash and cash equivalents totaled $12244 million[9] - Accounts receivable, net, were $14517 million[9] - Inventories were $10516 million[9] - Total assets amounted to $205863 million[9] - Total liabilities were $71646 million[9] Revenue Analysis - Total net revenue for the quarter ended August 2, 2025, reached $20061 million[11, 21] - Data center revenue was $14905 million, representing 74% of total net revenue[21] - Enterprise networking contributed $1936 million, accounting for 10% of total net revenue[21] - Carrier infrastructure generated $1301 million, making up 6% of total net revenue[21]