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 Points - Marvell Technology, Inc. announced that Michael Strachan and Robert Switz will not stand for reelection to the board at the Annual Meeting of Stockholders on June 13, 2025 [1] - Strachan has served as Lead Independent Director since 2023 and Chair of the Audit Committee since 2018, while Switz has chaired the Executive Compensation Committee since 2018 [1] - Brad Buss will become the new Lead Independent Director effective June 13, 2025 [1] Company Leadership - Marvell's Chairman and CEO, Matt Murphy, expressed gratitude for Strachan and Switz's contributions during their nine years of service, highlighting their role in guiding the company through significant growth and transformation [2] - The remaining current directors have been nominated for reelection at the Annual Meeting, including Sara Andrews, Tudor Brown, Brad Buss, Daniel Durn, Rebecca House, Marachel Knight, Matt Murphy, and Rick Wallace [2] Company Overview - Marvell Technology focuses on delivering data infrastructure technology, partnering with leading technology companies for over 30 years [3] - The company aims to move, store, process, and secure data with semiconductor solutions tailored to customer needs and future ambitions [3] - Marvell is positioned as a leading provider of data infrastructure solutions, with AI acting as a catalyst for continued growth [2]