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Market Data Table

Breakfast News: Marvell Up 15% On AI Revenue Surge

March 6, 2026

Thursday's Markets
S&P 500 6,831 (-0.56%)
Nasdaq 22,749 (-0.26%)
Dow 47,955 (-1.61%)
Bitcoin $71,463 (-2.35%)

Chart showing Marvell's quarterly earnings per share over the last three years.

1) Marvell Lifts Revenue Guidance Again

Marvell (NASDAQ:MRVL) popped 15% before the opening bell, on the back of new quarterly and annual revenue records reported in yesterday's post-close fourth-quarter results. The company -- which makes chips and data center products for cloud and networking providers -- saw revenue climb 22% year over year (YOY) in the final quarter, driven by artificial intelligence (AI) demand.

2027 revenue to approach $11 billion: The company sees revenue growing every quarter in the current fiscal year, with updated full-year guidance eclipsing the $10 billion predicted in December.
"Interconnect business to significantly outpace cloud CapEx growth": Speaking in an earnings call, CEO Matthew J. Murphy looked forward to 2028, adding that management expects the "Ethernet switching business to continue to ramp meaningfully," and "data center revenue in fiscal 2028 to grow close to 50% year over year."

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2) Earnings From Thursday You Won't Want to Miss

Samsara (NYSE:IOT) jumped 12% in early trading after beating its own Q4 revenue guidance. CEO Sanjit Biswas said the company -- which connects real-world data to AI-led cloud services -- has "more than 25 trillion data points flowing through our platform every year," calling that a "unique moat." Samsara has lagged the S&P 500 by 51% since 2023's Rule Breakers recommendation.
Allient (NASDAQ:ALNT), the motion systems specialist, posted revenue and earnings beats for Q4, as the company returned to full-year revenue growth in fiscal 2025 and saw its Q4 operating margin rise to 7.9%, from 3.5% a year prior. The stock gained 10% prior to market open.
Costco (NASDAQ:COST) -- recommended in Stock Advisor by Team Hidden Gems -- reported a 14% YOY rise in Q2 earnings per share, but the stock barely moved overnight as CFO Gary Millerchip warned of potential Middle East threats. Fool analyst Loren Horst earlier suggested, "COST might be for those who don't mind paying full price for the one item the retailer can't discount, its own shares."

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3) AI Enthusiasm Fuels Bullish Sentiment

The Motley Fool surveyed 2,000 individual investors across the U.S. in January about their investing plans, stock market outlook, and predictions for 2026. The full (free) report includes insights from senior Motley Fool investment analysts Asit Sharma and David Meier.

Explore TMF's 2026 Stock Market Outlook

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4) Next Up: Eyes on Jobs, Retail Updates

The February jobs print is due this morning, with analysts expecting around 50,000 new jobs to have been added during the month, down from January's 130,000. The unemployment rate is tipped to fall slightly to 4.3% from 4.4%. With weak jobs and the latest oil shocks, the chance of a rate cut at the Fed's next meeting on March 18 is just 2.7%, according to the CME FedWatch tool.

"The Fed is more focused on the inflation side": Nuveen's Anders Persson spoke to Bloomberg ahead of January's delayed retail sales update due today. The consensus suggests a 0.4% drop month over month, with sales minus autos flat.
WTI crude breaks through $80 per barrel: Oil prices continue to rise as the Iran conflict continues, with S&P 500 and Nasdaq futures showing further weakness this morning, falling around 0.3% and 0.4%, respectively.

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5) Your Take

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