Marvell completes $2.5B sale of automotive Ethernet business to Infineon

Marvell Technology, Inc.

Completed sale of automotive Ethernet business to Infineon for $2.5 billion in all-cash transaction.
Transaction closed on August 14, 2025; business contributed mid-single-digit millions in revenue during 11 days of Q3 FY2026.
Previously disclosed expected fiscal 2026 annual revenue of $225M to $250M from this business.
Marvell does not expect the divestiture to materially impact non-GAAP EPS.

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