Marvell Announces Additional $5 Billion Stock Repurchase Authorization and $1 Billion Accelerated Share Repurchase Program

Core Points - Marvell Technology, Inc. has authorized a new $5 billion stock repurchase program, building on its commitment to return capital to stockholders [1][2] - The company has approximately $2 billion remaining under its prior repurchase authorization and has repurchased $300 million of common stock in the current quarter [2] - Marvell has entered into an accelerated share repurchase (ASR) agreement to repurchase an additional $1 billion of its common stock [2][3] - CEO Matt Murphy emphasized the company's confidence in its business and stock value, highlighting sustained revenue and cash flow growth [3] Financial Overview - The new stock repurchase program is part of Marvell's strategy to enhance shareholder value [1][2] - The total amount repurchased in the current quarter, including the ASR, amounts to $1.3 billion [2] Upcoming Events - Marvell's Chairman and CEO will participate in a fireside chat hosted by JP Morgan on September 24, 2025, at 10 AM Pacific Time [3][4]