Q1 FY2021 Earnings Summary

MELLANOX RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES AMORTIZATION OF NON-GAAP GROSS MARGIN STOCK-BASED COMPENSATION (A) ACQUIRED INTANGIBLES GAAP GROSS MARGIN Q1 CY2019 68.0% (0.2) (3.2) 64.6% Q2 CY2019 67.9% (0.3) (3.1) 64.5% Q3 CY2019 68.1% (0.3) (2.9) 64.9% Q4 CY2019 69.1% (0.3) (2.6) 66.2% Q1 CY2020 69.1% (0.2) (2.1) 66.8% A. Stock-based compensation charge was allocated to cost of goods sold.

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