Marvell Technology, Inc. (NASDAQ:MRVL) shares rose 4.2% Wednesday morning after the semiconductor firm unveiled a new $5 billion stock repurchase authorization alongside a $1 billion accelerated share repurchase (ASR) program.
The move builds on Marvell’s ongoing efforts to return capital to shareholders. As of August 2, 2025, the company had roughly $2 billion remaining under its previous buyback authorization and has already repurchased $300 million of common stock this quarter.
Headquartered in Santa Clara, California, Marvell has entered an ASR agreement with a financial institution to repurchase $1 billion of its shares, signaling strong confidence in its growth prospects.
“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.”
Marvell, which focuses on data infrastructure semiconductor solutions, will host a fireside chat with JP Morgan today at 10 AM Pacific Time featuring CEO Matt Murphy.
Marvell Technology stock price
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