U.S. stock futures rose Thursday as investors processed quarterly earnings reports and the strong January jobs data. Cisco Systems shares plunged 7.1% after the networking giant posted quarterly adjusted gross margins below market expectations, citing global memory price increases as a headwind. The tech sector faced additional pressure as Applied Materials settled a $252 million Commerce Department case for illegal chip equipment exports to China.

Fast-food giant McDonald's shares gained 0.4% after topping fourth-quarter global comparable sales estimates, with budget-conscious diners drawn to meal deals and promotions. Crocs surged 13% following better-than-expected fourth-quarter earnings and a strong fiscal 2026 profit outlook. Meanwhile, Applovin tumbled 7.1% despite beating fourth-quarter estimates, extending its year-to-date decline to nearly one-third after Google's Genie 3 update raised concerns about mobile advertising disruption.

Restaurant Brands rose 2.3% on resilient traffic at Burger King and Tim Hortons chains, while Zoetis gained 5.1% with 3% revenue growth and robust 2026 guidance. Icon shares crashed 33% after disclosing an internal accounting investigation, and Tripadvisor slumped 4.2% after missing earnings and revenue estimates in a competitive travel market. The mixed earnings season continues to drive sector rotation as investors weigh corporate performance against economic indicators.