Earnings Whispers - December 3, 2025

Summary for Tuesday, December 2, 2025

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A summary of guidance and results for the day, with a list of top surprises
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Top Earnings News

Marvell Technology, Inc. Reported In-line with Expectations

Logo for Marvell Technology IncMarvell Technology, Inc. (MRVL) reported earnings of $0.76 per share on revenue of $2.07 billion for the fiscal third quarter ended October 2025. The consensus earnings estimate was $0.74 per share on revenue of $2.06 billion. The Earnings Whisper number was $0.76 per share. The company reported in-line with expectations while revenue grew 36.83% on a year-over-year basis.

The company said it expects fourth quarter non-GAAP earnings of $0.74 to $0.83 per share on revenue of $2.09 billion to $2.31 billion. The current consensus earnings estimate is $0.78 per share on revenue of $2.15 billion for the quarter ending January 31, 2026.

“Marvell delivered record third-quarter revenue of $2.075 billion, exceeding the midpoint of guidance, driven by strong demand for our data center products. We are guiding for robust growth in the fourth quarter and are on track for a strong finish to the fiscal year, with full-year revenue growth forecasted to exceed 40%. Looking ahead, we see demand for our products continuing to accelerate, and as a result, our data center revenue growth forecast for next year is now higher than prior expectations,” said Matt Murphy, Marvell’s Chairman and CEO. “I am also excited to announce the acquisition of Celestial AI – a transformational milestone that accelerates our scale-up roadmap for interconnect. This acquisition further strengthens Marvell’s position at the forefront of one of the fastest-growing opportunities in AI datacenter infrastructure.”

Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.

Chart for Marvell Technology Inc

Positive Guidance

Asana Guides Above Estimates

Logo for Asana, IncAsana, Inc (ASAN) said it expects fourth quarter non-GAAP earnings of approximately $0.07 per share on revenue of $204.0 million to $206.0 million. The current consensus earnings estimate is $0.06 per share on revenue of $203.44 million for the quarter ending January 31, 2026.

Asana helps teams orchestrate their work, from small projects to strategic initiatives. Headquartered in San Francisco, CA, Asana has more than 89,000 paying organizations and millions of free organizations across 190 countries.

Chart for Asana, Inc

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Negative Guidance

Acadia Healthcare Lowers Guidance

Logo for Acadia Healthcare Company, Inc.Acadia Healthcare Company, Inc. (ACHC) said it expects 2025 earnings of $1.94 to $2.04 per share. The company's previous guidance was earnings of $2.35 to $2.45 per share, and the current consensus earnings estimate is $2.34 per share for the year ending December 31, 2025.

Acadia Healthcare Co Inc develops & operates inpatient psychiatric facilities, residential treatment centers, substance abuse facilities & facilities providing outpatient behavioral healthcare services to serve behavioral health & recovery needs.

Chart for Acadia Healthcare Company, Inc.

Other Top Guidance Announcements

UNFIUnited Natural Foods Reaffirms
MCHPMicrochip Technology Raises Guidance
SIGSignet Jewelers Guides In-line
GTLBGitLab Guides In-line
LESLLeslie's Provides In-line Guidance
BOXBox Provides Guidance
CRWDCrowdStrike Sees Earnings Above Estimates
SNBRSleep Number Reaffirms
DRVNDriven Brands Lowers Guidance with Divestiture
PSTGPure Storage Guides In-line
OKTAOkta Sees Revenue Above Estimates
PMPhilip Morris Reaffirms

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Positive Surprise

Signet Jewelers Beat Expectations

Logo for Signet Jewelers LtdSignet Jewelers (SIG) reported earnings of $0.63 per share on revenue of $1.39 billion for the fiscal third quarter ended October 2025. The consensus earnings estimate was $0.16 per share on revenue of $1.37 billion. The Earnings Whisper number was $0.21 per share. The company beat expectations by 200.00% while revenue grew 3.14% on a year-over-year basis.

The company said it expects fourth quarter earnings of $5.02 to $6.18 per share on revenue of $2.244 billion to $2.37 billion. The current consensus earnings estimate is $5.91 per share on revenue of $2.36 billion for the quarter ending January 31, 2026.

Signet Jewelers Ltd is engaged in retailing of jewelry, watches and associated services. The Company' operational divisions are in United Kingdom and United States.

Chart for Signet Jewelers Ltd

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Negative Surprise

Leslie's Missed Expectations

Logo for Leslie's IncLeslie's (LESL) reported earnings of $0.01 per share on revenue of $389.21 million for the fiscal fourth quarter ended September 2025. The consensus earnings estimate was $1.09 per share on revenue of $368.43 million. The Earnings Whisper number was $1.05 per share. The company missed expectations by 99.05% while revenue fell 2.17% compared to the same quarter a year ago.

The company said it expects fiscal 2026 revenue of $1.10 billion to $1.25 billion. The current consensus estimate is revenue of $1.21 billion for the year ending September 30, 2026.

Leslie's is the largest direct-to-consumer brand in the U.S. pool and spa care industry, serving residential, professional, and commercial consumers.

Chart for Leslie's Inc

A calendar showing logos of companies scheduled to report earnings on the next business day.

Salesforce is Expected to Beat Estimates

Logo for SalesforceSalesforce (CRM) is confirmed to report earnings on Wednesday, December 3, 2025 at approximately 4:00 PM ET. The consensus earnings estimate is $2.85 per share on revenue of $10.26 billion, respresenting 8.6% year-over-year revenue growth, and the Earnings Whisper ® number is $2.93 per share. Investors are 53.8% bearish going into the company's earnings release. Option traders are pricing in a 7.9% move on earnings and the stock has averaged a 7.3% move in recent quarters.

Chart for Salesforce

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A list showing logos of companies scheduled to report earnings on the next business day based on expected moves.


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