8-KOther EventsExhibits & Filings

Marvell Technology, Inc. 8-K Report, Corporate Update (Aug 27, 2021)

Filed August 27, 2021For Securities:MRVL

Summary

Marvell Technology, Inc. (MRVL) has filed a Form 8-K on August 26, 2021, primarily to disclose financial information related to its acquisition of Inphi Corporation. The filing includes unaudited condensed consolidated financial statements for Inphi as of and for the three months ended March 31, 2021. Additionally, it provides unaudited pro forma condensed combined statements of operations for the year ended January 30, 2021, and the six months ended July 31, 2021, reflecting the combined entity post-acquisition. This disclosure is significant for investors as it offers a clearer picture of the financial performance of the acquired Inphi entity and the projected combined results. Understanding these financials is crucial for assessing the integration progress and the potential financial impact of the Inphi acquisition on Marvell's overall financial health and future earnings potential. Investors should review these statements to gauge the financial contributions and synergies expected from the Inphi integration.

Key Highlights

  • 1Marvell filed an 8-K on August 26, 2021.
  • 2The filing relates to the acquisition of Inphi Corporation.
  • 3Unaudited condensed consolidated financial statements of Inphi for Q1 2021 (ended March 31, 2021) are included.
  • 4Unaudited pro forma condensed combined statements of operations for FY2021 (ended Jan 30, 2021) and H1 2021 (ended July 31, 2021) are provided.
  • 5These financial statements are presented in connection with the filing of registration statements.
  • 6The disclosures provide insight into the financial performance of Inphi and the combined entity post-acquisition.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with unaudited financial information related to the acquisition of Inphi Corporation. Specifically, it includes Inphi's financial statements for the first quarter of 2021 and pro forma combined statements of operations for recent periods to reflect the impact of the acquisition.

The filing includes Inphi's unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2021. It also includes unaudited pro forma condensed combined statements of operations for the year ended January 30, 2021, and the six months ended July 31, 2021, which give an indication of the combined company's financial performance post-acquisition.

Pro forma financial statements are included to present a hypothetical combined financial picture of Marvell and Inphi as if the acquisition had occurred at an earlier point in time. This helps investors understand the potential financial impact and operational synergies of the Inphi acquisition on Marvell's combined business, beyond just Inphi's standalone results.

No, the financial statements disclosed in this 8-K are specifically described as 'unaudited'. They provide a snapshot and indication of performance but have not undergone a formal audit process by an independent auditor.