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SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2025. Net revenue for the third quarter of fiscal 2025 was $1.516 billion , $66 .0 million above the mid-point of the Company's guidance provided on August 29, 2024 . GAAP net loss for the third quarter of fiscal 2025 was $(676.3) million, or $(0.78) per diluted share. Non-GAAP net income for the third quarter of fiscal 2025 was $373 .0 million, or $0.43 per diluted share. Cash flow from operations for the third quarter was $536.3 million . "Marvell's fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance, while year-over-year, we expect revenue growth to accelerate significantly to 26%, marking the beginning of a new era of growth for Marvell," said Matt Murphy , Marvell's Chairman and CEO. "The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products. We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026." Fourth Quarter of Fiscal 2025 Financial Outlook GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding. Conference Call Marvell will conduct a conference call on Tuesday, December 3, 2024 at 1:45 p.m. Pacific Time to discuss results for the third quarter of fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4fngg8m to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/ . A replay of the call can be accessed by dialing 1-888-660-6345 or 1-646-517-4150, passcode 47973# until Tuesday, December 10, 2024 . Discussion of Non-GAAP Financial Measures Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of future contractual obligations, 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. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell's revenues earned during the periods presented and are expected to contribute to Marvell's future period revenues as well. 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 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, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell's non-GAAP tax rate is determined 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 tax law changes; acquisitions; significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the third quarter of fiscal 2025, a non-GAAP tax rate of 7.0% 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 regarding financial and business trends relating to Marvell's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Marvell's non-GAAP financial measures useful in their assessment of Marvell's operating performance and the valuation of Marvell. Internally, Marvell's non-GAAP financial measures are used in the following areas: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are subject to the "safe harbor" created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "forecasts," "targets," "may," "can," "will," "would" and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the Cloud, 5G markets, and Artificial Intelligence (AI) markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Gaza Strip ) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; our ability to retain and hire key personnel; our ability to limit costs related to defective products; risks related to our debt obligations; risks related to the rapid growth of the Company; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers' products outside of the United States ; our ability to secure design wins from our customers and prospective customers; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; risks related to use of a hybrid work model; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers' ability to develop new and enhanced products and the adoption of those products in the market; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers' ability to ship their products, which in turn may adversely impact our sales to those customers; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the impact of the COVID-19 pandemic (or future pandemics) which have impacted, and for which lingering effects may continue to impact our business, employees and operations, the transportation and manufacturing of our products, and the operations of our customers, distributors, vendors, suppliers, and partners; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. Marvell ® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. Marvell Technology, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In millions, except per share amounts) Three Months Ended Nine Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net revenue $ 1,516.1 $ 1,272.9 $ 1,418.6 $ 3,949.9 $ 4,081.2 Cost of goods sold 1,166.7 685.3 867.4 2,485.1 2,451.7 Gross profit 349.4 587.6 551.2 1,464.8 1,629.5 Operating expenses: Research and development 488.6 486.7 481.1 1,451.4 1,436.6 Selling, general and administrative 205.3 197.3 213.0 602.5 622.0 Restructuring related charges 358.3 4.0 3.4 366.4 105.3 Total operating expenses 1,052.2 688.0 697.5 2,420.3 2,163.9 Operating loss (702.8) (100.4) (146.3) (955.5) (534.4) Interest expense (47.2) (48.4) (52.6) (144.4) (159.1) Interest income and other, net (0.5) 2.6 11.4 5.4 22.1 Interest and other loss, net (47.7) (45.8) (41.2) (139.0) (137.0) Loss before income taxes (750.5) (146.2) (187.5) (1,094.5) (671.4) Provision (benefit) for income taxes (74.2) 47.1 (23.2) (9.3) (130.7) Net loss $ (676.3) $ (193.3) $ (164.3) $ (1,085.2) $ (540.7) Net loss per share — basic $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Net loss per share — diluted $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Weighted-average shares: Basic 865.7 865.7 862.6 865.5 860.1 Diluted 865.7 865.7 862.6 865.5 860.1 Marvell Technology, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In millions) November 2, 2024 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 868.1 $ 950.8 Accounts receivable, net 997.9 1,121.6 Inventories 859.4 864.4 Prepaid expenses and other current assets 91.4 125.9 Total current assets 2,816.8 3,062.7 Property and equipment, net 781.9 756.0 Goodwill 11,586.9 11,586.9 Acquired intangible assets, net 2,957.7 4,004.1 Deferred tax assets 406.5 311.9 Other non-current assets 1,165.8 1,506.9 Total assets $ 19,715.6 $ 21,228.5 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 538.1 $ 411.3 Accrued liabilities 825.2 1,032.9 Accrued employee compensation 270.9 262.7 Short-term debt 129.4 107.3 Total current liabilities 1,763.6 1,814.2 Long-term debt 3,965.5 4,058.6 Other non-current liabilities 613.6 524.3 Total liabilities 6,342.7 6,397.1 Stockholders' equity: Common stock 1.7 1.7 Additional paid-in capital 14,629.0 14,845.3 Accumulated other comprehensive income (loss) (0.3) 1.1 Accumulated deficit (1,257.5) (16.7) Total stockholders' equity 13,372.9 14,831.4 Total liabilities and stockholders' equity $ 19,715.6 $ 21,228.5 Marvell Technology, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Three Months Ended Nine Months Ended November 2, 2024

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ATLANTA — As she checked into a recent flight to Mexico for vacation, Teja Smith chuckled at the idea of joining another Women’s March on Washington. As a Black woman, she just couldn’t see herself helping to replicate the largest act of resistance against then-President Donald Trump’s first term in January 2017. Even in an election this year where Trump questioned his opponent’s race, held rallies featuring racist insults and falsely claimed Black migrants in Ohio were eating their neighbors’ pets, he didn't just win a second term. He became the first Republican in two decades to clinch the popular vote, although by a small margin. Supporters of Democratic presidential nominee Vice President Kamala Harris hold their fists in the air after she delivered a concession speech after the 2024 presidential election Nov. 6 on the campus of Howard University in Washington. “It’s like the people have spoken and this is what America looks like,” said Smith, the Los Angeles-based founder of the advocacy social media agency, Get Social. “And there’s not too much more fighting that you’re going to be able to do without losing your own sanity.” After Trump was declared the winner over Democratic Vice President Kamala Harris, many politically engaged Black women said they were so dismayed by the outcome that they were reassessing — but not completely abandoning — their enthusiasm for electoral politics and movement organizing. Black women often carry much of the work of getting out the vote in their communities. They had vigorously supported the historic candidacy of Harris, who would have been the first woman of Black and South Asian descent to win the presidency. Harris' loss spurred a wave of Black women across social media resolving to prioritize themselves, before giving so much to a country that over and over has shown its indifference to their concerns. AP VoteCast, a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy in the United States was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, with Trump set to return to office in two months, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. “America is going to have to save herself,” said LaTosha Brown, co-founder of the national voting rights group Black Voters Matter. She compared Black women’s presence in social justice movements as “core strategists and core organizers” to the North Star, known as the most consistent and dependable star in the galaxy because of its seemingly fixed position in the sky. People can rely on Black women to lead change, Brown said, but the next four years will look different. “That’s not a herculean task that’s for us. We don’t want that title. ... I have no goals to be a martyr for a nation that cares nothing about me,” she said. Supporters cheer during a community rally with Democratic presidential nominee Vice President Kamala Harris on Oct. 27 in Philadelphia. AP VoteCast paints a clear picture of Black women's concerns. Black female voters were most likely to say that democracy was the single most important factor for their vote, compared to other motivators such as high prices or abortion. More than 7 in 10 Black female voters said they were “very concerned” that electing Trump would lead the nation toward authoritarianism, while only about 2 in 10 said this about Harris. About 9 in 10 Black female voters supported Harris in 2024, according to AP VoteCast, similar to the share that backed Democrat Joe Biden in 2020. Trump received support from more than half of white voters, who made up the vast majority of his coalition in both years. Like voters overall, Black women were most likely to say the economy and jobs were the most important issues facing the country, with about one-third saying that. But they were more likely than many other groups to say that abortion and racism were the top issues, and much less likely than other groups to say immigration was the top issue. Despite those concerns, which were well-voiced by Black women throughout the campaign, increased support from young men of color and white women helped expand Trump’s lead and secured his victory. Politically engaged Black women said they don’t plan to continue positioning themselves in the vertebrae of the “backbone” of America’s democracy. The growing movement prompting Black women to withdraw is a shift from history, where they are often present and at the forefront of political and social change. One of the earliest examples is the women’s suffrage movement that led to ratification in 1920 of the 19th Amendment to the Constitution, which gave women the right to vote. Black women, however, were prevented from voting for decades afterward because of Jim Crow-era literacy tests, poll taxes and laws that blocked the grandchildren of slaves from voting. Most Black women couldn’t vote until the Voting Rights Act of 1965. Black women were among the organizers and counted among the marchers brutalized on the Edmund Pettus Bridge in Alabama, during the historic march in 1965 from Selma to Montgomery that preceded federal legislation. Decades later, Black women were prominent organizers of the Black Lives Matter movement in response to the deaths of Black Americans at the hands of police and vigilantes. In his 2024 campaign, Trump called for leveraging federal money to eliminate diversity, equity and inclusion programs in government and discussions of race, gender or sexual orientation in schools. His rhetoric on immigration, including false claims that Black Haitian immigrants in Springfield, Ohio, were eating cats and dogs, drove support for his plan to deport millions of people. Tenita Taylor, a Black resident of Atlanta who supported Trump this year, said she was initially excited about Harris’ candidacy. But after thinking about how high her grocery bills have been, she feels that voting for Trump in hopes of finally getting lower prices was a form of self-prioritization. “People say, ‘Well, that’s selfish, it was gonna be better for the greater good,''' she said. “I’m a mother of five kids. ... The things that (Democrats) do either affect the rich or the poor.” Where can Black women feel supported and flourish financially? When posed that question, Dr. Lori Martin, a professor of African and African American studies and sociology at Louisiana State University, had this to say: "A livable place for Black women is safe, and for women with children, it is home to schools where all students have access to an excellent education. It would also be diverse, with a visible and thriving Black community, including Black businesses." While the socioeconomic realities of our current time touch all corners of the country, there are pockets of the U.S. where the wealth gap narrows and Black women have more opportunities. MoneyGeek analyzed data on income, the cost of crime , homeownership , and poverty levels from 164 cities across the United States to rank the best — and worst — cities for Black women to live and financially flourish in. MoneyGeek ranked 164 cities with populations greater than 65,000 from the best to the worst for Black women. The ranking includes analysis of income, poverty rate, homeownership, educational attainment and health insurance gaps between Black women and the entire population nationally and locally. The size of the local Black population and the cost of crime in the area were included in the ranking to reflect the presence of the Black community and safety, respectively. Southfield — a suburb of Detroit — and Pearland — a Houston suburb — ranked as the top two cities in the analysis. Notably, Southern cities make up the majority of cities in the top 25, with 13 located in this region. In contrast, Minneapolis, Minnesota, ranked as the worst city for Black women. In Minneapolis, Black women face high poverty rates in absolute and relative terms and have low rates of health insurance coverage compared to the cities analyzed. Meanwhile, Miami ranks as the second least favorable city, with a significant local income gap — there, white men earn almost triple the income of Black women. Income disparity is a key measure of how well Black women are doing today. For each city in the analysis, we calculated the local Equal Pay Day — the day in the following year when Black women would make an equivalent amount as white men — using the median income of Black women working full time and the median income of white men working full time in each locality. In Carson, California, the median pay of Black women is higher than the median pay of white men. However, in Evanston, Illinois, Black women make just over a third of white men's earnings, meaning they would need to work until September 24, 2024, to earn the equivalent of a white man's 2022 pay. Economic challenges faced by Black women include restricted career advancement opportunities, insufficient health insurance, and inadequate retirement savings. Survey data from Goldman Sachs indicates that 42% of Black women perceive limited career growth opportunities compared to 35% of U.S. adults, and merely 43% are able to obtain health insurance through their employer, in contrast to 53% nationwide. Additionally, 71% of Black women feel they are living paycheck to paycheck, compared to 63% of the general population. The intersection of racial and gender bias contributes to these challenges, resulting in low-wage jobs and a considerable wealth gap. Our analysis validates this, demonstrating that Black women who work full-time, year-round, earn 64 cents for every dollar white men earn working full-time, year-round. Less access to economic opportunities puts Black women at a disadvantage in building wealth. The FDIC's National Survey of Unbanked and Underbanked Households found that 11.3% of Black households were unbanked compared to just 2.1% of white households. Unbanked households are credit invisible — that is, they don't have a credit history and, therefore, can't build credit. Having no credit history makes it difficult to utilize credit cards to manage cash needs and mortgages to buy homes. Advocating for economic opportunities for Black women The struggle for economic equity remains a persistent challenge for Black women in America, who have historically faced systemic wage disparities and employment obstacles. However, there are tools and resources that can provide Black women with economic opportunities and empowerment. Dr. Ukanwa shares additional solutions, such as: 1. Invest in education: Research has already shown that degrees increase lifetime earnings, close some societal gaps, and increase job security. But if degrees are not your path, it also means continuing to build that knowledge and expertise in something you can be the best at. Figure out your expertise and what you bring to the table. 2. After building your expertise in a field, build your reputation and personal brand: With an excellent reputation and personal brand, people will start to seek you out rather than the other way around. This increases the worth of your expertise. 3. Find out what your expertise is worth: Educate yourself on how to negotiate . Negotiate to be paid what you are worth. 4. Get into the habit of ownership: Build your own equity, which decreases the dependence on someone else for your income. For example, this could be your own business, stocks , or real estate. To rank the best cities for Black women, MoneyGeek analyzed data from the American Community Survey , MoneyGeek's Safest Cities and Safest Small Cities and Towns studies, and the Bureau of Economic Analysis. The analysis started with over 500 places in America with populations of 65,000 or more. Places without granular data about Black women or lacking other data points for the analysis were removed to get to the final set of 164 cities. The ranking of the best cities for Black women was based on eight factors: safety, Black population, educational attainment, poverty rates, income, employment, health insurance, and homeownership. Each factor was weighted equally and scaled to a score between 0 and 1. The factors were calculated as follows: Safety (full weight): This metric equally comprises two metrics. Percent of local population that is Black (full weight): This percentage represents the proportion of Black individuals within a city's total population, as reported by the United States Census Bureau's five-year American Community Survey (ACS) from 2021, the most recent data available. Educational attainment (full weight): This metric equally comprises two metrics. Poverty rate (full weight): The percentage point difference between the city's rate of Black women earning at or above the poverty level and the rate of all women living above the poverty level nationally. This finding comes from the 2021 Census ACS five-year data, the latest available source covering over 200 cities. Income (full weight): This factor equally comprises two metrics. Employment (full weight): The difference in percentage points between the Black female employment rate and the white male employment rate in the locality. Health insurance (full weight): This metric reveals the percentage point difference between Black women (ages 19-64) and white men (ages 19-64) with health insurance. This information comes from the Census ACS five-year data from 2021, the most recent data source available. Black female homeownership (full weight): This factor comprises three metrics. The full data set can be found here . This story was produced by MoneyGeek and reviewed and distributed by Stacker Media. Be the first to know Get local news delivered to your inbox!Originally appeared on E! Online Kristin Cavallari is kissing and telling about her experience dating Morgan Wallen. > Philadelphia news 24/7: Watch NBC10 free wherever you are "The Hills" alum shared NSFW details about her past romance with the country star, more than a month after seemingly confirming they had at one point been involved. "He's a great f--- buddy," Cavallari said on the Dec. 29 episode of Bunnie XO's "Dumb Blonde" podcast. "He was good in bed." Wallen, 31, has not commented on the "Very Cavallari" star's remarks. Cavallari also shared details about her first date with the "Love Somebody" singer, who, she added, is a "good guy" with a "big heart." "The first date that we went on, he was a true gentleman," the 37-year-old told Bunnie, "and he was like, 'I'll pick you up, I'll pick the place,' like, just f---ing handled business." Cavallari, who shares children Camden, 12, Jaxon, 10, and Saylor, 8 with ex-husband Jay Cutler , said Wallen did indeed pick her up and met her kids before they went out. "My kids were so excited," Cavallari said. "It was so cute." READ Kristin Cavallari Admits She's in Her "Villain Era" After Dating Confessions She said that Wallen got the two a private room at the venue they visited, without naming it, and that they were accompanied by his bodyguard. The singer later dropped her off, she said. But the date did not end there. "He kissed me in the rain," she said, "and it was the sweetest thing." CAvallari did not specify when the date occurred or how long their romance lasted. She also said she has not spoken to him in "probably a year." "But," she added, "I have nothing but good things to say about him." In November, more than a month after confirming her breakup from Montana Boyz TikToker Mark Estes and amid romance rumors about her and Wallen, Cavallari seemingly admitted that she had dated the 2025 Grammy nominee . In a video posted on her social media, she and BFF Justin Anderson took part in a viral trend in which people call out truths about one another. In the clip, Cavallari is seen jogging as her friend is heard saying, "Suspect let Morgan Wallen hurt her feelings, and she kept going back." She bursts out laughing and covers her mouth in response. On Bunnie's podcast, Cavallari offered some context into the claim. "God, I'm so sorry, Morgan. He didn't hurt my feelings," she began. "I'll be honest with you — Morgan was the first guy in my entire f---ing like that wasn't just completely enamored with me. And I was like, 'What in the f--- is going on?' It really threw me." The "Uncommon James" founder added, "I love having the upper hand and I feel like with him, I didn't have the upper hand. The only time in my life. So it really f---ed with me."