SANTA CLARA, Calif.--(BUSINESS WIRE)--Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2026. Net revenue for the third quarter of fiscal 2026 was $2.075 billion, $15.0 million above the mid-point of the Company's guidance provided on August 28, 2025. On August 14, 2025, the Company completed the sale of its automotive ethernet business to Infineon Technologies AG for $2.5 billi. ...

Core Viewpoint - Marvell Technology Inc is experiencing a significant stock price increase of 8.4% to $55.27 following the announcement of selling its automotive ethernet business to Infineon Technologies for $2.5 billion in cash [1] Group 1: Stock Performance - The stock is on track for its largest single-day percentage gain since December, despite a year-to-date deficit of 50.7% [1] - The stock price is recovering from a 52-week low of $47.09, facing long-term overhead pressure from the 20-day moving average [1] Group 2: Options Activity - The 10-day put/call volume ratio for the stock is in the 92nd percentile of annual readings, indicating a higher level of bearish sentiment among options traders [2] - Today's options activity shows that 25,000 puts have been traded, which is five times the typical volume for this time [3] - The most popular options contract is the weekly 5/2 55-strike put, with new positions being opened at the September 45 put [3]