Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Marvell Technology Executives Purchase Shares in Open Market
On September 25, 2025, several executive officers of Marvell Technology, Inc. bought shares of the company's common stock in the open market. This activity may indicate the executives' confidence in the company's performance and prospects.
linkSep 25, 2025 15:06:11
Marvell Technology Announces $5 Billion Stock Buyback Program
Marvell Technology, Inc. has authorized a $5 billion increase to its existing stock repurchase program, reflecting its commitment to returning capital to shareholders. As of August 2, 2025, the company had $2 billion remaining under its previous repurchase authorization and has repurchased an additional $300 million in the current quarter. Alongside this, Marvell has entered into an accelerated share repurchase (ASR) agreement with a financial institution to repurchase $1 billion of its common stock.
Under the ASR agreement, Marvell will pre-pay $1 billion to the dealer and expects to receive around 10.7 million shares on September 25, 2025. The total number of shares repurchased will depend on the stock price during the agreement's term. The ASR program is set to conclude by the end of 2025, but may finish earlier at the dealer's discretion. The company plans to fund these repurchases using its existing cash resources.
linkSep 24, 2025 09:15:23
Marvell Technology Declares Quarterly Dividend of $0.06 Per Share
Marvell Technology, Inc. announced a quarterly dividend of $0.06 per share, which will be paid on October 30, 2025, to shareholders who are on record as of October 10, 2025. This decision was made by the Board of Directors and reflects the company's ongoing commitment to returning value to its shareholders.
The company noted that future dividend payments will depend on various factors, including its financial condition, results of operations, and cash requirements. This announcement highlights Marvell's approach to managing its financial resources while considering the interests of its stockholders.
linkSep 19, 2025 16:15:15
Marvell Technology Reports Record Revenue and Earnings Growth
Marvell Technology, Inc. reported financial results for the second quarter of fiscal year 2026, achieving a record net revenue of $2.006 billion, a 58% increase compared to the previous year. The company also reported a GAAP net income of $194.8 million, or $0.22 per diluted share, alongside a non-GAAP net income of $585.5 million, or $0.67 per diluted share. Cash flow from operations reached $461.6 million, indicating solid financial health. The growth was attributed to increased demand in AI and enterprise networking markets.
Looking ahead, Marvell expects third-quarter net revenue to be approximately $2.060 billion, with GAAP gross margins projected between 51.5% and 52.0%. The company anticipates GAAP diluted net income per share of about $2.03, reflecting ongoing operational expansion. Marvell's strong performance in various end markets, including data centers and carrier infrastructure, positions it favorably for continued growth in the semiconductor industry.
linkAug 28, 2025 16:06:34
Marvell Technology Completes $2.5 Billion Sale to Infineon
Marvell Technology, Inc. has completed the sale of its Automotive Ethernet business to Infineon Technologies AG for $2.5 billion in cash. The transaction was finalized on August 14, 2025, and the Automotive Ethernet business had been expected to generate $225 million to $250 million in revenue for fiscal 2026 before the sale. Following the completion of the sale, Marvell's financial results will no longer reflect revenue from this segment.
The divestiture is not expected to materially impact Marvell's non-GAAP earnings per share. The company will provide further insights into its financial performance during a conference call scheduled for August 28, 2025, where it will discuss its second-quarter fiscal 2026 results and guidance for the third quarter.
linkAug 14, 2025 09:04:03
Marvell Technology Appoints Rajiv Ramaswami to Board of Directors
Marvell Technology, Inc. has appointed Rajiv Ramaswami to its Board of Directors, effective July 22, 2025. Ramaswami currently serves as President and CEO of Nutanix and has over 30 years of experience in the technology sector, including leadership roles at VMware, Broadcom, and Cisco. He holds a Bachelor of Science degree from the Indian Institute of Technology, Madras, and both a Master’s and Ph.D. from the University of California, Berkeley. The Board has classified him as an independent director and confirmed there are no related party transactions involving him.
As part of his compensation, Ramaswami will receive an annual retainer of $100,000 and an equity grant of restricted stock units valued at $250,000. Upon joining the Board, he will also receive a prorated restricted stock unit award that will vest at the 2026 annual meeting of stockholders. His appointment is expected to enhance Marvell's strategic direction in data infrastructure semiconductor solutions.
linkJul 23, 2025 09:11:22
Marvell Technology Announces Executive Promotions and Compensation Changes
Marvell Technology has promoted Chris Koopmans to President and Chief Operating Officer and Sandeep Bharathi to President of the Data Center Group. Both executives will report to CEO Matt Murphy, with Koopmans expanding his role to include Worldwide Sales and Corporate Development, while Bharathi will oversee the Data Center Group and its engineering functions. Their promotions reflect a strategic shift in leadership aimed at enhancing operational efficiency and growth within the company.
As part of their promotions, Koopmans and Bharathi will receive updated compensation packages, which include an annual base salary of $770,000, a target cash bonus of 120% of their base salary, and significant grants of restricted stock units totaling $20 million each. These grants consist of $8 million in restricted stock units that vest over four years and performance-based restricted stock units valued at $12 million, contingent on the company's total shareholder return performance relative to the S&P 500 Index over the next five years.
linkJul 17, 2025 17:00:24
Marvell Technology Announces Quarterly Dividend Payment Details
Marvell Technology, Inc. has declared a quarterly dividend of $0.06 per share for its common stock. This dividend will be payable on July 31, 2025, to shareholders who are on record as of July 11, 2025.
The company emphasizes its commitment to providing data infrastructure technology and has been a trusted partner for leading technology companies for over 25 years. Marvell focuses on solutions that address current and future data needs across various sectors, including enterprise, cloud, automotive, and carrier architectures.
linkJun 13, 2025 16:15:32
Marvell Technology Reports Record Revenue and Upcoming Investor Event
Marvell Technology, Inc. announced its financial results for the first quarter of fiscal year 2026, reporting a record net revenue of $1.895 billion, which reflects a 63% increase compared to the same period last year. The company achieved a GAAP net income of $177.9 million, translating to $0.20 per diluted share, while the non-GAAP net income was $540.0 million, or $0.62 per diluted share. The cash flow from operations for this quarter was $332.9 million, indicating strong financial health.
Looking ahead, Marvell provided guidance for the second quarter of fiscal 2026, estimating net revenue to be around $2.000 billion, with GAAP gross margins expected to range between 50% and 51%. The company also announced a Custom AI Investor Event scheduled for June 17, 2025, where it will showcase advancements in its technology platform and discuss market opportunities in custom silicon. This event aims to engage investors with presentations from leadership and a Q&A session.
linkMay 29, 2025 16:06:20
Marvell Postpones Investor Day, Confirms Revenue Outlook
Marvell Technology, Inc. has announced it will host a webinar on June 17, 2025, focusing on custom silicon technology for AI infrastructure, coinciding with its internal technical leadership conference. The company has postponed its Investor Day, originally scheduled for June 10, 2025, to a future date in 2026, citing the uncertain macroeconomic environment. The webinar will provide insights from Marvell's leadership on the evolving AI landscape and opportunities in custom silicon technology.
Additionally, Marvell reaffirmed its revenue outlook for the first quarter of fiscal 2026, estimating net revenue at approximately $1.875 billion, with a narrowed guidance range of +/- 2%, down from the previous +/- 5%. This confirmation indicates the company's commitment to maintaining its financial targets despite the current economic conditions.
linkMay 06, 2025 17:02:28