An assembly for a two-stage turbocharger can include a first turbocharger stage and a second turbocharger stage where one of the stages includes a boss that includes a bore; an exhaust bypass valve that includes an arm pivotable to orient the exhaust bypass valve in an open state and a closed state; a valve shaft disposed at least in part in the bore and operatively coupled to the exhaust bypass valve where the valve shaft includes an inner end, an outer end and an axial stop disposed between the inner end and the outer end; an outer bushing disposed at least in part in the bore and located axially along the valve shaft; and an inner bushing disposed at least in part in the bore and located axially along the valve shaft between the axial stop and a portion of the arm of the exhaust bypass valve.