Marvell's record quarter to 2 May 2026 looks very different depending on which profit line you read. Non-GAAP net income was $718.0 million. Under GAAP — after $207.6 million of stock compensation, $225.2 million of amortisation on acquired intangibles and a $250.7 million contingent-consideration revaluation — net income was $34.5 million, under 5% of the adjusted figure
Marvell Technology, Inc. reported its financial results for the first quarter of fiscal year 2027, which ended on May 2, 2026. The company's GAAP net income was $34.5 million, while its non-GAAP net income was $718.0 million. The difference includes adjustments for stock-based compensation, amortization of acquired intangible assets, and a change in the fair value of contingent consideration liability.
Verified 2026-08-15
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Adjusted profit can look far better than official profit, so read both lines before judging a company.
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