Marvell Rises, Costco Declines Amid Earnings Reports

Okay, here’s a consolidated summary of the provided earnings reports, categorized for clarity and highlighting key trends:

Overall Themes & Macro Trends

• Slowing EV Sales & Charging Company Performance: Several companies (EVgo, Versant) are experiencing headwinds due to reduced EV sales (particularly in the US) and related changes in the charging ecosystem. Utilization rates are becoming increasingly important for these charging companies.
• Retail Challenges: Target is reporting difficulties, reflecting broader retail trends.
• Shift to Growth Focus (2026 & Beyond): Several companies, notably Target with their new CEO, are explicitly stating a focus on preparing for growth in the coming year.

Company-Specific Highlights

• EVgo:
  • Reported profitability for the first time (adjusted EBITDA of $12 million).
  • Emphasized strategic charger placement in high-traffic areas (grocery stores, errands, workplaces).
  • Significant increase in charger utilization.
• Versant Media:
  • Reported a smaller-than-expected revenue decline.
  • Reflects resilience of its legacy linear cable business.
• Target:
  • Negative Same-Store Sales (-2.5% for the quarter, -2.6% for the year).
  • New CEO Michael Fiddelke took the reins, signaling a need to focus on profitable growth.
• Ross Stores:
  • Positive results during the holiday quarter after a challenging 2025.
  • CEO Jim Conroy was “encouraged” by the start of the Spring season.
• CrowdStrike:
  • Reported its best year yet, hitting $5.25 billion in ending ARR (Annual Recurring Revenue).
  • Highlights the importance of high charger utilization.

Key Data Points

• EVgo: Adjusted EBITDA: $12 million. Charger Utilization: Significantly increased (exact numbers not provided, but emphasized).
• Target: Same-Store Sales: -2.5% and -2.6%.
• Ross Stores: Same-Store Sales: 9% (holiday quarter).
• CrowdStrike: ARR: $5.25 billion.

Important Note: The reports cover the period ending March 6, 2026.