Jim Schneider's questions to Marvell Technology (MRVL) leadership • Q2 2026
Question
Jim Schneider of Goldman Sachs inquired about Marvell's capital allocation strategy, specifically the intended use of the $2.5 billion in proceeds from the automotive Ethernet divestiture and whether the company is open to selling other non-core business units.
Answer
Chairman & CEO Matt Murphy explained their strategy-first approach, which prioritizes investment in the data center and AI. CFO Willem Meintjes added that the proceeds provide flexibility for both opportunistic share buybacks and strategic tuck-in acquisitions to accelerate their AI roadmap. The company will continue its consistent free cash flow execution to drive buybacks.