Press release
Marvell Announces Additional $5 Billion Stock Repurchase Authorization and $1 Billion Accelerated Share Repurchase Program
$1 Billion ASR in Addition to $300 Million Repurchased in Current Quarter JP Morgan Fireside Chat with Marvell Chairman and CEO to be Livestreamed on
About this update from Marvell Technology, Inc.
[{"type":"text","content":"$1 Billion ASR in Addition to $300 Million Repurchased in Current Quarter\nJP Morgan Fireside Chat with Marvell Chairman and CEO to be Livestreamed on September 24, 2025 at 10AM Pacific Time\nSANTA CLARA, Calif., Sept. 24, 2025 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that its Board of Directors has authorized a new $5 billion stock repurchase program.\nThis new authorization builds on Marvell's ongoing commitment to return capital to stockholders. As of August 2, 2025, the Company had approximately $2.0 billion remaining under its prior repurchase authorization. Since then, Marvell has repurchased $300 million of common stock in the current quarter under its regular program. In addition, the company has entered into an accelerated share repurchase (ASR) agreement with a leading financial institution to repurchase $1 billion of its common stock.\n\"This ASR reflects our conviction in the business and the intrinsic value of our stock, as we drive sustained revenue and cash flow growth,\" said Matt Murphy, Chairman and CEO of Marvell. \"Our strong balance sheet provides us the flexibility to continue investing in long-term growth, particularly as we pursue the large and expanding opportunity in accelerated infrastructure for AI.\"\nUpcoming Event\nMarvell Chairman and CEO Matt Murphy will participate in a fireside chat hosted by JP Morgan on September 24, 2025, at 10AM Pacific Time. To stream the call live, pre-registration is required.\nPlease register at the following link in order to receive connection details: https://jp-morgan-fireside-chat-with-marvell-ceo-matt-sep-2025.open-exchange.net/\nOnce registered, a link will be emailed to stream the call live.\nForward Looking Statements\nStatements in this report that refer to future plans and expectations, including with respect to the ASR Agreement, the settlement of such agreement, stock repurchases and capital return practices, are forward-looking statements that involve a number of risks and uncertainties. Words such as \"anticipates,\" \"expects,\" \"intends,\" \"goals,\" \"plans,\" \"believes,\" \"seeks,\" \"estimates,\" \"continues,\" \"may,\" \"will,\" \"would,\" \"should,\" \"could,\" and variations of such words and similar expressions are intended to identify such forward-looking s...