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Cavium Reports Q3

MOUNTAIN VIEW, Calif. -- Cavium Networks
(NASDAQ: CAVM), a leading provider of highly integrated semiconductor
products that enable intelligent processing for networking,
communications, storage and security applications, today announced
financial results for the third quarter of 2007 ended September 30,
2007.

Revenue in the third quarter of 2007 was $14.2 million, a 12%
sequential increase from the $12.7 million reported for the second
quarter of 2007 and an increase of 54% from the $9.2 million reported
for the third quarter of last year.

Generally Accepted Accounting Principles (GAAP) Results

Net income for the third quarter of 2007, on a GAAP basis, was $1.3
million, or $0.03 per share (diluted), compared with a net loss of
$0.1 million, or $0.00 per diluted share in the second quarter of
2007, and a net loss of $1.7 million, or $0.21 per share (diluted) in
the third quarter of last year. Gross margins were 63.2% in the
third quarter of 2007 compared to 57.8% in the third quarter last
year. Total cash and cash equivalents were $101.5 million at
September 30, 2007.

Non-GAAP Results

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