Earnings live: Marvell stock surges on data center strength, Gap and Costco assess tariff changes

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Macro uncertainty continues to pressure discretionary spending in US and developed markets, but see stronger consumer trends in emerging international markets and travel retail

  80% confidence

• FY26 will go down as CrowdStrike's best year yet

  80% confidence

• In many cases, Costco didn't pass the full tariff cost on to members

  80% confidence

• EVgo's demand per stall is about five times higher than any other player aside from Tesla and Electrify America

  80% confidence

• BJ's Wholesale Club results demonstrate the strength of transformation and disciplined execution of long-term priorities

  80% confidence

• Broadcom achieved record first quarter revenue on continued strength in AI semiconductor solutions

  80% confidence

• Changes in global tariff rates in 2025 had a substantial impact on Gap's profits

  80% confidence

• Q1 AI revenue of $8.4 billion grew 106% year over year, above forecast, driven by robust demand for custom AI accelerators and AI networking

  80% confidence

• Global footprint shows clear divergence in consumer behavior between developed and emerging markets

  80% confidence

• CrowdStrike achieved $5.25 billion in ending ARR, the fastest and only pure-play cybersecurity software company to achieve this milestone

  80% confidence

• EVgo is putting charging stations where people are, where they run errands, go grocery shopping, and go to work

  80% confidence

• Executives are encouraged by the very strong start to the Spring season

  80% confidence

• Customers are resilient but definitely deal-focused

  80% confidence

• Costco plans to use any tariff refunds to create lower prices and better values for customers

  80% confidence

• While first half of 2025 presented challenges like tariffs and consumer uncertainty, underlying trends improved throughout the year

  80% confidence

• More than 50% of Best Buy's customers make more than $100,000 per year

  80% confidence

• Costco will be transparent on how it plans to use tariff refunds if and when received

  80% confidence

• Rise in memory costs is something the industry has faced in different peaks and valleys relatively often through the past 25 years

  80% confidence

• It is not yet clear what the tariff refund process will be, what refunds will be received, and when this will happen

  80% confidence

• Tariffs had a 200 basis point effect on gross and operating margins in Q4 and 120 basis point effect for full fiscal year

  80% confidence

• Utilization is key to profitability

  80% confidence

• EVgo's utilization is six-fold increase on a personal basis compared to industry average

  80% confidence

• AI revenue growth is accelerating and Q2 segment revenue anticipated at $10.7 billion

  80% confidence

• Momentum built throughout back half of year and culminated in strong finish, positioning Ross well for year ahead

  80% confidence

Data points we hold from this source