Key Financial Updates This Week
FedEx (NYSE:FDX) will report its fiscal fourth-quarter results on Tuesday, June 27, following the spin-off of its less-than-truckload freight business on June 1. In March, FedEx’s operating income rose 21% year over year, with full-year adjusted earnings guidance set between $19.30 and $20.10 per share.
Micron Technology (NASDAQ:MU) is scheduled to release its fiscal third-quarter results on Wednesday, June 28. The chipmaker’s stock has surged nearly 300% in 2026, driven largely by demand for AI memory. Last quarter, Micron reported record revenues of $23.86 billion and adjusted earnings per share of $12.20, with guidance indicating revenues of approximately $33.5 billion for Q3.
Additionally, the Federal Reserve will unveil the results of its annual stress test for 32 large banks on Wednesday. The stress test simulates a severe recession scenario, including a hypothetical 10% unemployment rate and a 30% drop in home prices. The results will help determine capital buffers for these banks, although this year’s results will not alter capital requirements until 2027.
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