Overview

• Marvell’s board approved a new $5 billion repurchase and entered a $1 billion accelerated share repurchase, bringing total authorized and current buybacks to roughly $6.7 billion, or about 10% of market value.
• CEO Matt Murphy said the repurchase reflects conviction in the company’s intrinsic value and in sustained growth tied to accelerated AI infrastructure.
• Data center now accounts for about 74% of revenue after rising 69% year over year, underscoring the company’s pivot toward AI and cloud infrastructure.
• Marvell said it will showcase next‑generation optical and interconnect products at the ECOC conference in Copenhagen from September 28 to October 2.
• Shares extended gains this week, rising roughly 25% since early September, as analysts offered mixed views with Bank of America flagging slower AI growth versus peers and JPMorgan citing momentum into 2026.