SATS, ASTS, MDB, CRDO, CRWD, ROST, SE, TGT, AVGO, VEEV, RGTI, COST, BABA, PBR, MRVL, CIEN, ERJ | Q4 2025 Earnings Preview: March 2–6, 2026

The first full trading week of March brings a packed earnings calendar spanning semiconductors, cybersecurity, cloud software, retail, energy, aerospace, and quantum computing. From Broadcom's highly anticipated AI-driven results to Costco's membership momentum and CrowdStrike's post-outage recovery, the week ahead promises to shape sector narratives well into Q1 2026.

Key Points

• Semiconductors dominate the week: Broadcom (AVGO), Marvell (MRVL), Credo Technology (CRDO), and Ciena (CIEN) all report, collectively offering a comprehensive readout on AI infrastructure and data center spending trends.
• Retail in focus on Tuesday and Thursday: Target (TGT), Ross Stores (ROST), and Costco (COST) report during a critical period for the U.S. consumer, with analysts watching holiday-quarter performance and same-store sales growth.
• CrowdStrike (CRWD) enters a pivotal quarter: The cybersecurity giant's Q4 FY2026 results will show whether record ARR momentum has continued following the 2024 global outage recovery, with management guiding for $1.09–$1.11 EPS.
• Cloud and enterprise software: MongoDB (MDB) and Veeva Systems (VEEV) report fiscal Q4 results, each testing the durability of enterprise cloud adoption and AI integration.
• International heavyweights: Alibaba (BABA), Sea Limited (SE), Petrobras (PBR), and Embraer (ERJ) provide crucial windows into China's AI-driven economic pivot, Southeast Asian e-commerce, Brazilian oil, and global commercial aviation demand.
• Speculative names to watch: AST SpaceMobile (ASTS), Rigetti Computing (RGTI), and EchoStar (SATS) — each at different stages of commercializing breakthrough technologies in satellite communications, quantum computing, and hybrid broadband.

Monday, March 2: Databases, Connectivity, and Space

MongoDB, Inc. (MDB) — Q4 FY2026

MongoDB wraps up its fiscal year 2026 on a wave of accelerating growth. The company's cloud-native database platform, Atlas, has been the primary growth engine, and management raised guidance after an impressive Q3 that saw revenue of $628 million, up 18.7% year-over-year, and an adjusted EPS of $1.32 that crushed consensus estimates. For Q4, the company is guiding for $665–$670 million in revenue and non-GAAP EPS of $1.44–$1.48.

The Zacks Consensus Estimate pegs Q4 revenue at $668 million (+21.8% YoY) and EPS at $1.47 (+14.8% YoY). MongoDB has delivered an average earnings surprise of 69.3% over the past four quarters, making it one of the most consistent beat-and-raise stories in enterprise software. Investors will focus on Atlas revenue growth (consensus expects +27% YoY), growth in large-customer adoption, and full-year FY2027 guidance. Analysts maintain a Moderate Buy consensus with an average price target of $423, roughly 30% above the current price near $324.

Credo Technology Group (CRDO) — Q3 FY2026

Credo Technology stole the spotlight in early February by pre-releasing Q3 fiscal 2026 revenue of $404–$408 million — far exceeding its prior guidance of $335–$345 million and representing approximately 200% year-over-year growth. The connectivity solutions maker specializing in high-speed data infrastructure for AI workloads has been one of the market's hottest growth stories, with revenue surging 224% over the trailing twelve months.

While the headline revenue figure is essentially known, investors will be looking for margin details, Q4 guidance (with mid-single-digit sequential growth projected), and commentary on customer diversification beyond hyperscale data centers. In Q2, the company posted $0.44 EPS on $268 million in revenue, beating estimates handily. Analysts see Credo as a key AI networking beneficiary and project fiscal year 2026 revenue of $1.29 billion with EPS of $2.06. The stock has pulled back significantly from its 52-week high of $213.80, currently trading around $112.

EchoStar Corporation (SATS) — Q4 2025

EchoStar enters its Q4 earnings report amid an ongoing strategic transformation from a capital-heavy satellite/wireless infrastructure model toward a more flexible, capital-efficient approach. The Zacks Consensus Estimate projects a loss of $0.81 per share with revenue of approximately $3.74 billion, a 5.7% decline from the year-ago period. In Q3, the company reported revenue of $3.61 billion and surprised on EPS ($0.83 vs. an expected loss of $1.23).

The bull case hinges on EchoStar's partnership with SpaceX for satellite-to-phone capabilities, its hybrid MVNO model with AT&T through Boost Mobile, and upcoming AWS-3 spectrum monetization in 2026–2027. However, the Broadband and Satellite Services segment has faced headwinds, with revenue declining 10.6% YoY in Q3 due to reduced broadband service demand. At a market cap of $31 billion, the stock has risen sharply from its 52-week low of $14.90 and investors will watch whether the operational turnaround can sustain momentum.

AST SpaceMobile, Inc. (ASTS) — Q4 2025

AST SpaceMobile — the company aiming to build a space-based cellular broadband network — reports Q4 results in the early stages of its commercial deployment. The consensus expects a loss of $0.18 per share on revenue of $39.5 million for Q4 2025. The company has been scaling revenue rapidly off a tiny base: Q3 saw just $14.7 million in revenue while the full-year trajectory reflects an astonishing 1,240% revenue growth rate as of September 2025.

The stock remains extremely volatile (52-week range: $18.22–$129.89) and carries a mixed analyst consensus, with a blend of Buy, Hold, and Sell ratings and an average price target around $45. This quarter's results will be critical for validating the company's satellite constellation buildout timeline and early commercial traction with carrier partners.

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Tuesday, March 3: Cybersecurity, Retail, and Southeast Asia

CrowdStrike Holdings (CRWD) — Q4 FY2026

CrowdStrike's fiscal Q4 report arrives as the cybersecurity leader continues to rebuild momentum after the July 2024 global IT outage that temporarily disrupted operations for many of its enterprise customers. In Q3 FY2026, CrowdStrike posted revenue of $1.23 billion (up 21.8% YoY) and adjusted EPS of $0.96, both above expectations. More importantly, net new annual recurring revenue (ARR) hit a record $265 million — a 73% year-over-year acceleration — pushing total ending ARR to $4.92 billion.

For Q4, management guided EPS of $1.09–$1.11, well above the Street consensus of $1.10. Revenue is expected at $1.30 billion, a 22.5% increase from the year-ago quarter. The consensus rating is Moderate Buy with a $555 average price target, implying substantial upside from the current share price near $363. Investors will be watching for commentary on customer retention post-outage, Falcon platform module adoption, and FY2027 guidance.

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Ross Stores, Inc. (ROST) — Q4 FY2025

Ross Stores heads into its Q4 earnings report on an impressive run, with the stock up approximately 49% over the past year and recently hitting all-time highs above $204. The off-price retailer has proven resilient in a mixed consumer spending environment, missing EPS expectations just once since Q4 2023.

Analysts anticipate Q4 revenue of $6.37–$6.44 billion (up ~8% YoY) and EPS of $1.87–$1.90, representing roughly 5–6% earnings growth. The company's value-oriented model continues to resonate with cost-conscious consumers, and Ross's strong execution across diverse merchandise categories has supported consistent comparable-store sales growth. Management guided for Q4 comparable sales growth of 3–4% and operating margins of 11.5–11.8%. The stock's premium valuation (P/E ~32) reflects investor confidence, but any miss could trigger a pullback.

Sea Limited (SE) — Q4 2025

Sea Limited reports its fourth-quarter and full-year 2025 results, covering its three business pillars: Shopee (e-commerce), Garena (gaming), and SeaMoney (fintech). The Zacks Consensus Estimate calls for Q4 EPS of $0.90 and revenue of approximately $6.78 billion, representing substantial top-line growth.

However, Sea faces several crosscurrents. Shopee delivered record GMV with 28.4% year-over-year growth in Q3, and management has projected full-year e-commerce growth above 20%. On the other hand, the rapid expansion of SeaMoney's lending portfolio (up 69.8% in Q3 to $7.9 billion) has introduced rising credit-loss provisions, up 76.3% YoY. Rising operational costs across e-commerce and digital entertainment, combined with tax headwinds and FX volatility across Southeast Asian markets, may pressure the bottom line. Sea has missed EPS consensus in each of the last four quarters by an average of 16%, so expectations management will be a key theme.

Target Corporation (TGT) — Q4 FY2025

Target reports before the market open on Tuesday with analysts expecting EPS of $2.17 (a 10% decline YoY) and revenue of $30.54 billion (down ~1.2% YoY). The big-box retailer has been navigating a challenging period of weaker discretionary spending and promotional intensity, with a trailing four-quarter average negative earnings surprise of 3.4%.

Despite the near-term headwinds, Target is positioning FY2026 as a turnaround year, boosting capital expenditures to approximately $5 billion for technology upgrades, store remodels, and category resets across Home, Baby, Beauty, and other key departments. The stock trades at just ~$113 — well below its 52-week high of $127 — with a P/E ratio of approximately 13.7, making it one of the more value-oriented names reporting this week. Analysts carry a consensus Hold rating with an average price target of $105, reflecting cautious optimism that the strategic investments will bear fruit over time.

Wednesday, March 4: The AI Bellwether and Beyond

Broadcom Inc. (AVGO) — Q1 FY2026

Broadcom's Q1 FY2026 earnings report is arguably the most-anticipated event of the week. The semiconductor and infrastructure software giant closed FY2025 with record Q4 revenue of $18.0 billion (up 28% YoY), non-GAAP EPS of $1.95, and full-year revenue of $64 billion. Free cash flow for the year reached $26.9 billion, up 39%.

For Q1, management guided consolidated revenue to approximately $19.1 billion (up 28% YoY), with AI semiconductor revenue of $8.2 billion — nearly doubling year-over-year. Analyst consensus expects EPS of around $2.03. The AI switch backlog exceeded $10 billion at the end of Q4, and Broadcom's Tomahawk 6 switch (capable of 102 Tbps) underpins strong hyperscaler demand.

The central risk is margin compression: CFO Kirsten Spears guided for a 100-basis-point sequential decline in gross margin due to a higher mix of lower-margin AI rack-scale solutions. Additionally, Broadcom's AI revenue remains concentrated among approximately five hyperscale customers, introducing meaningful customer concentration risk. Analysts maintain a consensus Buy rating with an average price target near $439, well above the current trading level around $318. A beat could push the stock toward resistance at its 100-day moving average near $350, while a miss could test support at the 200-day MA around $316.

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Veeva Systems Inc. (VEEV) — Q4 FY2026

Veeva Systems, the leading cloud platform for the life sciences industry, reports Q4 fiscal 2026 results with analysts expecting EPS of $1.92 (up 10.3% YoY) and revenue of approximately $811 million (up 12.2% YoY). The growth is expected to be driven by subscription services revenue (estimated at $696 million, +14.3% YoY), particularly from Veeva R&D Solutions.

The company serves over 1,500 clients, ranging from major pharmaceutical corporations to emerging biotech firms. Full-year FY2026 consensus estimates call for $7.93 EPS and $3.17 billion in revenue, representing approximately 20% and 15% growth, respectively. Veeva has been a steady performer but the stock has pulled back from its 52-week high of $310 to around $182, suggesting market concerns about growth deceleration. Any commentary on AI-enabled drug development workflows or data analytics expansion could serve as a positive catalyst.

Rigetti Computing, Inc. (RGTI) — Q4 2025

Rigetti Computing reports Q4 2025 results as one of the pure-play quantum computing stocks that experienced extraordinary volatility over the past year — its 52-week range spans from $6.86 to $58.15. Analysts expect a loss of $0.05 per share, with the company still generating minimal revenue ($1.9 million in Q3 2025).

The investment thesis centers on Rigetti's superconducting qubit technology and its growing commercial pipeline, including a $5.8 million AFRL contract and $5.7 million in Novera QPU orders. The consensus rating is Moderate Buy with an average price target of $32.60, though the stock currently trades around $17. Rigetti has beaten EPS estimates in some recent quarters, but with revenue declining and the path to profitability long, investors will primarily evaluate the technology roadmap, partnerships, and cash burn trajectory.

Thursday, March 5: Retail, Tech, and Global Energy

Costco Wholesale Corporation (COST) — Q2 FY2026

Costco reports its fiscal second-quarter results as the undisputed king of the warehouse club model. The Zacks Consensus Estimate projects revenue of $69.22 billion (up 8.6% YoY) and EPS of $4.53 (up 12.7% YoY). In Q1, the company delivered $4.34 EPS on $67.31 billion in revenue (up 8.3% YoY), with comparable sales growth supported by strong e-commerce gains of 22.2%.

Recent monthly sales data reinforces the positive trajectory: January 2026 net sales rose 9.3% YoY to $21.33 billion, with total comparable sales gaining 7.1%. Costco now operates 897 warehouses globally, and its membership-driven, value-focused model positions it as a consumer defensive standout. However, the stock's premium valuation (P/E ~54) leaves little room for error, and analysts note macro/tariff risks alongside questions about whether Costco can sustain its growth trajectory at this scale. The consensus rating is Moderate Buy with a price target around $1,008.

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Alibaba Group (BABA) — Q3 FY2026

Alibaba is expected to release its fiscal Q3 2026 results (quarter ending December 2025) on Thursday, March 5. The Chinese tech titan has been one of the market's most talked-about turnaround stories, with its stock gaining over 24% in 2025 on the back of AI services expansion and cloud growth momentum.

Analysts expect Q3 revenue of approximately $42 billion (up ~8% YoY), but EPS is forecast to decline significantly — estimated around $1.73, a roughly 42% drop compared to the year-ago quarter — as the company pours capital into AI infrastructure and quick-commerce initiatives. Cloud revenue, including AI-related products, has shown consistent double-digit growth, with Q2 cloud revenue jumping 34.5% and AI products maintaining triple-digit growth momentum. However, strategic investments pressured free cash flow (an outflow of RMB 21.8 billion in Q2) and adjusted EBITDA. The fundamental analyst consensus is Buy with a long-term price target near $198, implying ~37% upside from the current price around $144.

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Petróleo Brasileiro S.A. — Petrobras (PBR) — Q4 2025

Brazil's state-controlled oil giant Petrobras presents its Q4 2025 financial results, with the webcast scheduled for Friday, March 6. Analysts anticipate EPS of approximately $0.57 (up ~16% YoY) and quarterly revenue of $23.06 billion (up ~10.8% YoY) for the quarter. For the full fiscal year, the Zacks Consensus calls for $3.28 EPS and $88.55 billion in revenue.

Petrobras has been a standout performer as Brazil's largest publicly traded company, with shares reaching 52-week highs near $16.92 and delivering a robust dividend yield. The company's deep-water pre-salt oil fields continue to drive production growth. Investors will focus on production volumes, capex plans, and — critically — the dividend policy outlook for 2026, which has historically been the primary share price driver for this high-yield energy name.

Marvell Technology, Inc. (MRVL) — Q4 FY2026

Marvell closes out its fiscal year 2026 with Q4 results expected to show continued AI-driven momentum. Analysts project revenue of $2.21 billion (up ~21% YoY) and EPS of $0.79 (up ~32% YoY). The company guided for $0.74–$0.84 EPS for the quarter. In Q3, Marvell posted $2.07 billion in revenue (up 36.8% YoY) and adjusted EPS of $0.76, both above consensus.

Marvell has positioned itself as a key supplier of custom AI accelerators (ASICs), data center interconnects, and electro-optics for hyperscale customers. The stock has pulled back from its 52-week high of $102.77 to around $80, reflecting some investor caution about the pace of growth normalization. Analysts maintain a Moderate Buy consensus with an average price target of $115, and its PEG ratio of 0.62 suggests the stock may be undervalued relative to its growth trajectory. Fiscal year 2027 guidance will be a key focus.

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Ciena Corporation (CIEN) — Q1 FY2026

Ciena, the optical networking leader, reports Q1 fiscal 2026 results with analysts expecting a blockbuster quarter. Consensus projects EPS of $1.13 (up 76.6% YoY) and revenue of $1.39 billion (up 29.9% YoY). Management has guided Q1 revenue between $1.35 billion and $1.43 billion, with adjusted gross margins of 43–44%.

The company's strong $5 billion-plus backlog and AI-driven demand for high-capacity optical networking have propelled a remarkable run, with the stock soaring from a 52-week low of $49.21 to approximately $347. In Q4 FY2025, Ciena posted $1.35 billion in revenue and $0.91 EPS, significantly beating estimates. However, elevated operating expenses (up 15.2% YoY in Q4) and capital expenditures of $250–$275 million for FY2026 could weigh on near-term profitability. Competition from Cisco, Nokia, and Arista Networks remains a risk.

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Friday, March 6: Aviation

Embraer S.A. (ERJ) — Q4 2025

Brazilian aerospace manufacturer Embraer rounds out the week with Q4 2025 results. The company delivered 91 aircraft in Q4 2025 — up from 75 in Q4 2024 and 62 in Q3 2025 — meeting its full-year delivery guidance. Full-year 2025 revenue is expected in the $7.0–$7.5 billion range, with adjusted EBIT margins of 7.5–8.3%.

For Q4, Seeking Alpha estimates call for EPS of approximately $0.81 and revenue of $2.53 billion. Embraer has been on a strong growth trajectory — its stock nearly doubled from its 52-week low — driven by strong demand for its E2 commercial jets (which are filling gaps left by Boeing's production challenges), a record backlog in executive aviation, and growing defense orders for the KC-390 military transport. Commercial Aviation delivered 32 jets in Q4, including 15 E195-E2 models, outperforming prior quarters. Analysts maintain a Moderate Buy consensus with price targets ranging from $55 to $67. The key question is whether Embraer can sustain margin expansion and translate its robust backlog into accelerating free cash flow in 2026.

Sector Themes: What Matters Most

Semiconductors and AI Infrastructure

The semiconductor group reporting this week — AVGO, MRVL, CRDO, and CIEN — collectively serves as a barometer for the AI infrastructure buildout. Broadcom and Marvell supply custom AI accelerators and interconnects to the world's largest cloud providers, while Credo is riding explosive demand for high-speed connectivity in AI data centers and Ciena is benefiting from the optical networking backbone required to support AI workloads. Key themes across the group include hyperscaler capital expenditure momentum, margin dynamics as AI rack-level solutions scale, and customer diversification beyond the handful of mega-cap tech buyers.

Consumer Retail

TGT, ROST, and COST provide a multifaceted view of the U.S. consumer. Target's challenges with discretionary categories contrast sharply with Costco's membership-driven momentum and Ross's value-oriented outperformance. Investors will watch comparable-store sales trends, margin resilience, and management commentary on tariff impacts and consumer spending intentions as key macro indicators.

Cloud Software and Cybersecurity

MDB, CRWD, and VEEV represent different slices of enterprise cloud adoption. MongoDB's Atlas platform growth tests the durability of database modernization trends; CrowdStrike's ARR trajectory validates the expansion of the Falcon security platform; and Veeva's subscription growth reflects the life sciences industry's deepening cloud commitment. Guidance for the next fiscal year from all three will be closely scrutinized.

Emerging Technology

ASTS, RGTI, and SATS represent the speculative end of the earnings calendar. AST SpaceMobile is attempting to build a space-based cellular network, Rigetti is commercializing quantum computing hardware, and EchoStar is pivoting its satellite and pay-TV legacy toward next-generation broadband. These names carry elevated risk and volatility but could offer transformative upside for investors with a multi-year horizon.

International Markets

BABA, SE, PBR, and ERJ offer exposure to China, Southeast Asia, and Latin America. Alibaba's AI and cloud investments signal a strategic transformation even as core e-commerce faces domestic headwinds. Sea Limited's Shopee and SeaMoney platforms are scaling rapidly but navigating credit risk and operational cost pressures. Petrobras provides a window into global oil markets and Brazilian fiscal policy, while Embraer rides strong commercial aviation demand and its position as a Boeing alternative.

Earnings Calendar At a Glance

Estimates are based on Wall Street consensus as of February 27, 2026. Actual reporting periods reflect each company's fiscal calendar. All tickers link to their respective pages on Tickeron.

Disclaimers and Limitations