Marvell Technology Investor Presentation — August 2021

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Marvell Technology, Inc.

Second Quarter of Fiscal Year 2022

August 26, 2021© 2021 Marvell confidential. All rights reserved. 2Discussion of Non -GAAP Financial Measures

Non-GAAP financial measures exclude the effect of share- based compensation expense, amortization of the inventory fair value adj ustment

associated with acquisition, amortization of acquired intangible assets, acquisition and divestiture -related costs, restructurin g and other related

charges (including, but not limited to, asset impairment charges, employee severance costs, and facilities related charges), resolution of legal

matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to

Marvell's core business.

Marvell uses a non- GAAP tax rate to compute the non- GAAP tax provision. This non- GAAP tax rate is based on Marvell's estimated annual GAAP

income tax forecast, adjusted to account for items excluded from GAAP income in calculating Marvell's non- GAAP income, as well as the effects of

significant non- recurring and period specific tax items which vary in size and frequency. Marvell's non- GAAP tax rate is determi ned on an annual

basis and may be adjusted during the year to take into account events that may materially affect the non- GAAP tax rate such as t ax law changes;

significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the second quarter of

fiscal 2022, a non- GAAP tax rate of 5.0% has been applied to the non- GAAP financial results.

Marvell believes that the presentation of non- GAAP financial measures provides important supplemental information to management and investors