Marvell Completes $2.5 Billion Divestiture of Automotive Ethernet Business to Infineon.

Marvell Technology has completed the sale of its Automotive Ethernet business to Infineon Technologies for $2.5 billion in an all-cash transaction. The divested business is expected to generate $225-250 million in revenue for FY2026, but Marvell anticipates no material impact on its non-GAAP earnings per share. The company will discuss its Q2 FY2026 results in an upcoming earnings call on August 28, 2025.

Marvell Technology, Inc. (NASDAQ: MRVL) has finalized the sale of its Automotive Ethernet business to Infineon Technologies AG for $2.5 billion in an all-cash transaction. The deal closed on August 14, 2025, eleven days into Marvell's third quarter of fiscal 2026 [1].

The Automotive Ethernet business, which contributed mid-single-digit millions of dollars in revenue during the initial days of Q3 FY2026, was expected to generate $225-250 million in revenue for fiscal 2026 [1]. Marvell anticipates that the transaction will not have a material impact on its non-GAAP earnings per share [1].

Infineon will use existing liquidity and additional debt to fund the acquisition. The transaction has been approved by Marvell's Board of Directors and is expected to close within calendar year 2025, subject to customary closing conditions and regulatory approvals [2].

Marvell will discuss its Q2 FY2026 financial results and provide third quarter guidance during an upcoming earnings call on August 28, 2025, at 1:45 p.m. Pacific Time [1].

References:
[1] https://investor.marvell.com/2025-08-14-Marvell-Completes-Divestiture-of-Automotive-Ethernet-Business-to-Infineon-for-2-5-Billion-in-All-Cash-Transaction
[2] https://www.marketscreener.com/news/infineon-technologies-ag-completed-the-acquisition-of-automotive-ethernet-business-from-marvell-tech-ce7c51d9dd8ff220