WLY

Technology

Wiley increased its share repurchase authorization by 25% to $250 million, reflecting confidence in its valuation.
The company returned $14 million through share buybacks in Q1 and increased dividends for the 32nd consecutive year, maintaining a 3.5% yield.
Balance sheet strength improved with net debt to EBITDA ratio decreasing to 1.9, and $120 million proceeds from divestiture used to reduce debt.
Discipline in capital allocation emphasizes supporting shareholder returns while investing in organic growth and high-value content.
The company remains opportunistic in buybacks, aiming to buy back shares when prices are attractive, supporting long-term value creation.

MRVL

Technology

Marvell completed a $1 billion notes offering and used proceeds to repay debt, improving leverage ratios.
The company’s gross debt-to-EBITDA ratio improved to 1.63x, with net debt-to-EBITDA at 1.19x, reflecting strong EBITDA growth.
Proceeds from the automotive Ethernet sale are being used for stock buybacks and strategic investments.
The company’s capital allocation strategy emphasizes organic growth, tuck-in acquisitions, and share repurchases.
Marvell’s focus remains on deploying capital to accelerate AI and data center technology development.

MRVL

Technology

Data center end market revenue reached $1.49 billion, growing 3% sequentially and 69% year-over-year, representing 74% of total revenue.
GAAP gross margin was 50.4%, and non-GAAP gross margin was 59.4%.
GAAP operating expenses were $721 million; non-GAAP operating expenses were $493 million, slightly below guidance.
Marvell reported record revenue of $2.006 billion for Q2 FY2026, a 6% sequential increase and 58% year-over-year growth.
Non-GAAP earnings per share were $0.67, up 123% year-over-year, more than double the pace of revenue growth.
Non-GAAP operating margin expanded by 870 basis points year-over-year to 34.8%.
Operating cash flow was $462 million, up from $333 million in Q1.
The company repurchased $200 million of stock in Q2 and returned $52 million via dividends.

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