Keyword → earnings

Micron Earnings Due June 24 — AI Rally Faces Key $1 Trillion Memory Market Test

Micron has become the market's most closely watched AI infrastructure stock ahead of its June 24 earnings report. Investors are treating the results as a critical test of whether hyperscaler spending, AI server demand, and memory pricing remain strong enough to support elevated semiconductor valuations. Positive guidance could reinforce confidence across the AI supply chain, while any slowdown in demand expectations would likely ripple through chipmakers, cloud providers, and data-center infrastructure companies.

Meta Platforms Tries to Rebound After 5.4% Slide to $567.58 — AI-for-Work Product Lead Exit Still Weighs

Meta Platforms shares attempted a premarket rebound Thursday after tumbling 5.4% to $567.58 on Wednesday, a drop that erased roughly $83 billion in market value. The slide followed Reuters reporting that Emily Dalton Smith, the executive leading Meta's AI-for-Work product effort, is departing the company just two months after being named to the role. Investors are weighing the departure against Meta's already-elevated 2026 capital expenditure forecast of $125 billion to $145 billion.

Nucor Guides Q2 2026 Adjusted EPS to $4.50-$4.60, Topping $4.27 Consensus — Reshoring Fuels Steel Profit Surge

Nucor guided second-quarter 2026 adjusted earnings per share to a range of $4.50 to $4.60, topping the Wall Street consensus of $4.27 by as much as 8%. The steelmaker pointed to higher realized selling prices across its steel mills segment and durable demand tied to domestic reshoring, data center construction, and infrastructure spending. Continued enforcement of anti-dumping and Section 232 tariffs has pushed imports' share of the U.S. finished steel market down to roughly 15% from over 22% a year earlier.

Jabil Posts $3.16 Core EPS in Q3 Fiscal 2026, Tops $3.10 Estimate — Raises FY26 Outlook on AI Infrastructure Surge

Jabil posted fiscal third-quarter 2026 core earnings of $3.16 per share on revenue of $8.8 billion, topping Wall Street estimates of roughly $3.10 per share and $8.61 billion. The contract manufacturer raised its fourth-quarter outlook to as much as $4.20 in core EPS, citing surging AI infrastructure demand alongside better-than-expected results in automotive and connected living. CEO Mike Dastoor said the company's diversified model continues to deliver margin expansion and strong free cash flow heading into fiscal 2027.

CarMax Beats With $1.31 EPS on $8.01B Revenue in Q1 Fiscal 2027 — Stock Erases 5% Spike on Margin Concerns

CarMax reported fiscal first-quarter 2027 earnings of $1.31 per diluted share on revenue of $8.01 billion, both well ahead of analyst estimates of $0.96 per share and $7.43 billion. Shares spiked as much as 5% before erasing those gains as investors focused on a $230 year-over-year decline in gross profit per retail used unit. New CEO Keith Barr introduced a four-pillar strategic framework aimed at driving consistent unit growth and shareholder returns.

Micron Technology Surges 10.8% to $1,088 — Bank Upgrades Fuel AI Memory Supercycle Bet Ahead of Q3 2026 Earnings

Micron Technology shares jumped 10.8% to roughly $1,088 after TD Cowen and RBC Capital Markets sharply raised price targets on the memory chipmaker. The rally was reinforced by a U.S.-Iran peace agreement that lifted risk appetite across semiconductors, alongside analyst forecasts that DRAM prices could climb 58% to 63% in the third quarter and HBM pricing could more than double by 2027. Micron reports fiscal third-quarter results on June 24, with revenue guided to a record $33.5 billion.

Earnings Season Accelerates: Tesla, Boeing, UnitedHealth, Intel, GE Aerospace and 80+ S&P 500 Companies Report This Week

The Q1 2026 earnings season enters its most consequential stretch this week, with more than 88 S&P 500 companies reporting, headlined by Tesla on Wednesday, Boeing Tuesday, UnitedHealth Group and GE Aerospace Tuesday, and Intel on Monday after the close. Analysts expect 12.6% aggregate S&P 500 EPS growth — what would be a sixth consecutive quarter of double-digit earnings expansion — though forward guidance on energy costs and margin trajectories will command more investor attention than headline beats.

Magnificent Seven ETF Up 14% in April as Big Tech Rally Faces Its First Real Test of the Week

The Roundhill Magnificent Seven ETF has surged more than 14% in April alone — on track for its largest monthly gain on record — led by Tesla's 15% weekly rally and Microsoft's near-14% weekly gain, its best week since 2007. But with the group's collective Q1 earnings expected to show 20% EPS growth and Iran tensions reigniting Monday, analysts warn the rally's technical foundation remains fragile without broader market breadth confirmation.

Goldman Sachs Posts Near-Record Q1 Profit as Equities Desk Hits All-Time High; Shares Slip on FICC Miss

Goldman Sachs reported first-quarter 2026 net revenues of $17.23 billion and diluted EPS of $17.55, marking its second-best quarter on record. While the equities trading desk set an all-time revenue record at $5.33 billion, the fixed income, currencies, and commodities unit missed analyst expectations by roughly $850 million, sending shares lower by approximately 4% despite the headline beat.