The grand finale of earnings season! AI memory giant Micron takes the stage last—weekly earnings roundup (6/22–6/26)
Hello fellow investors~
Recently, U.S. stocks have remained range-bound at elevated levels, while Hong Kong stocks continue to trade sideways near their lows.
This week, the three major U.S. indices fluctuated within a tight range at elevated levels. With the Fed’s June policy meeting concluded, the market can temporarily shift its focus away from macro policy and toward corporate fundamentals. Earnings season is now drawing to a close, and next week’s key reports will test whether current lofty valuations are justified—all hinges on actual earnings results.
On the Hong Kong market side, the Hang Seng Index is consolidating repeatedly around the 25,000-point level and remains in a low-range sideways pattern overall. Southbound capital continues to flow in, and the market is still building momentum. Several Hong Kong-listed companies are scheduled to release earnings next week, providing a timely opportunity for their stocks to be tested by investor sentiment.
🔥 Main Theme Focus: Led by tech giant Micron Technology, AI memory has become the absolute spotlight
Next week’s top highlight in the U.S. equity market undoubtedly falls on the memory chip giant$Micron Technology (MU.US)$The company will report earnings atFiscal Q3 2026 earnings will be released early Thursday, June 25.
As the AI industry narrative continues to deepen, the market has reached a consensus: robust GPU computing power cannot exist without massive memory and storage capabilities. As the final marquee company of this earnings season, Micron Technology’s results are expected to be scrutinized primarily along the following three key dimensions:
First, AI data center demand and HBM capacity progress. High Bandwidth Memory (HBM) has become a critical bottleneck in AI chip production. As a key supplier to NVIDIA, Micron’s current capacity expansion pace, yield improvement status, and management’s guidance on HBM shipments for the second half of the year will directly shape Wall Street’s pricing logic for its future earnings growth.
Second, supply-demand dynamics in traditional PC and smartphone markets. Despite strong AI-related demand, the other two pillars of the memory market—personal computers (PCs) and smartphones—are recovering relatively slowly. How management balances surging AI demand against sluggish growth in traditional end markets will be crucial. Guidance on overall DRAM and NAND pricing for the second half will provide important insights into sector health.
Third, capital expenditure plans and geopolitical impacts. In light of persistent expectations of long-term AI memory shortages, management’s updated capital expenditure outlook—and the ongoing impact of U.S. export controls on its China business—will be key metrics institutional investors use to assess the company’s defensive stability.
📅 US Earnings Quick Recap: Scanning in chronological order
Beyond Micron, next week’s earnings from consumer and logistics sectors will also offer data points to validate macroeconomic recovery trends. Fellow investorscan follow the timeline below to stay aligned with market developments:
can follow the timeline below to stay aligned with market developments:Beijing time, Tuesday, June 23：$Carnival (CCL.US)$will be the first to release its second-quarter earnings. Recently, the decline in international oil prices has brought cost-side tailwinds to the sector; its booking data and fare trends will serve as a key indicator of actual demand in the travel industry.
Beijing time June 24 (Wednesday):$FedEx (FDX.US)$Earnings released in the early hours will directly reflect macro-level demand for e-commerce packages and the effectiveness of corporate cost-cutting initiatives; later in the evening$Paychex (PAYX.US)$follows, with focus on changes in the number of SME clients and profit margins within its human capital and payroll services segment.
Beijing time June 25 (Thursday): Early morning, reporting on the same day as Micron Technology is$Trip.com (TCOM.US)$and$Jefferies Financial (JEF.US)$Ctrip's outlook for the upcoming summer peak travel season, as well as Jefferies' investment banking recovery, will be worth watching.$Darden Restaurants (DRI.US)$、$McCormick & Co (MKC.US)$and $BlackBerry (BB.US)$will be released sequentially, with restaurant same-store sales data offering further insight into the resilience of U.S. consumer spending.
![Hello fellow investors~[Cool Guy] Recently, U.S. stocks have remained range-bound at elevated levels, while Hong Kong stocks continue to trade sideways near their lows. This week, the three major U.S. indices fluctuated within a tight range at elevated levels. With the Fed’s June policy meeting concluded, the market can temporarily shift its focus away from macro policy and toward corporate fundamentals. Earnings season is now drawing to a close, and next week’s key reports will test whether current lofty valuations are justified—all hinges on actual earnings results.[Shhh] On the Hong Kong market side, the Hang Seng Index is consolidating repeatedly around the 25,000-point level and remains in a low-range sideways pattern overall. Southbound capital continues to flow in, and the market is still building momentum. Several Hong Kong-listed companies are scheduled to release earnings next week, providing a timely opportunity for their stocks to be tested by investor sentiment. 🔥 Main Theme Focus: Led by tech giant Micron Technology, AI memory has become the absolute spotlight Next week’s top highlight in the U.S. equity market undoubtedly falls on the memory chip giant$Micron Technology (MU.US)$The company will report earnings atFiscal Q3 2026 earnings will be released early Thursday, June 25. As the AI industry narrative continues to deepen, the market has reached a consensus: robust GPU computing power cannot exist without massive memory and storage capabilities. As the final marquee company of this earnings season, Micron Technology’s results are expected to be scrutinized primarily along the following three key dimensions: First, demand from AI data center operations and progress on HBM capacity. HBM (High Bandwidth Memory) has now become a critical bottleneck in AI chip production capacity...](https://nnqimage.futunn.com/sns_client_feed/999982/20260618/web-1781767136236-UmnR3awLOL.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Hong Kong Market Window:In Hong Kong markets,$BRIGHT SMART (01428.HK)$atWednesday, June 24to release its earnings. Daily average trading volumes in the Hong Kong stock market have recently rebounded compared to the same period last year, with retail investor participation strengthening—potentially benefiting the company's full-year performance. However, amid intensifying competition among online brokers, changes in client numbers and average revenue per user (ARPU) remain key indicators of the company's operational health.
$LUK FOOK HOLD (00590.HK)$atThursday, June 25Earnings announcement. Persistently high gold prices have a dual impact on jewelry retailers—on one hand, they push up product prices and sales revenue; on the other, they may exert pressure on gross margins. The net effect will become clearer once earnings data is released.$ASIA ALLIED INF (00711.HK)$will report onFriday, June 26Announced; progress on infrastructure projects in Hong Kong and Southeast Asia will be a key focus.
Next week’s earnings lineup spans multiple sectors including technology, consumer goods, logistics, and financials. Will Micron’s HBM guidance beat expectations? And can Bright Smart Securities’ client metrics withstand competitive pressures?Feel free to join us in watching the earnings release, and share your thoughts in the comments section.
[Live Stream Announcement]Micron Technology's earnings conference call will be live-streamed simultaneously on Futubull Circle—fellow investors are welcome to reserve a spot to watch!
![Hello fellow investors~[Cool Guy] Recently, U.S. stocks have remained range-bound at elevated levels, while Hong Kong stocks continue to trade sideways near their lows. This week, the three major U.S. indices fluctuated within a tight range at elevated levels. With the Fed’s June policy meeting concluded, the market can temporarily shift its focus away from macro policy and toward corporate fundamentals. Earnings season is now drawing to a close, and next week’s key reports will test whether current lofty valuations are justified—all hinges on actual earnings results.[Shhh] On the Hong Kong market side, the Hang Seng Index is consolidating repeatedly around the 25,000-point level and remains in a low-range sideways pattern overall. Southbound capital continues to flow in, and the market is still building momentum. Several Hong Kong-listed companies are scheduled to release earnings next week, providing a timely opportunity for their stocks to be tested by investor sentiment. 🔥 Main Theme Focus: Led by tech giant Micron Technology, AI memory has become the absolute spotlight Next week’s top highlight in the U.S. equity market undoubtedly falls on the memory chip giant$Micron Technology (MU.US)$The company will report earnings atFiscal Q3 2026 earnings will be released early Thursday, June 25. As the AI industry narrative continues to deepen, the market has reached a consensus: robust GPU computing power cannot exist without massive memory and storage capabilities. As the final marquee company of this earnings season, Micron Technology’s results are expected to be scrutinized primarily along the following three key dimensions: First, demand from AI data center operations and progress on HBM capacity. HBM (High Bandwidth Memory) has now become a critical bottleneck in AI chip production capacity...](https://nnqimage.futunn.com/sns_client_feed/999982/20260618/web-1781767136030-vBURHghdbR.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
‘Earnings Express’ has been fully upgraded! Three key features help you get ahead during earnings season!
![Hello fellow investors~[Cool Guy] Recently, U.S. stocks have remained range-bound at elevated levels, while Hong Kong stocks continue to trade sideways near their lows. This week, the three major U.S. indices fluctuated within a tight range at elevated levels. With the Fed’s June policy meeting concluded, the market can temporarily shift its focus away from macro policy and toward corporate fundamentals. Earnings season is now drawing to a close, and next week’s key reports will test whether current lofty valuations are justified—all hinges on actual earnings results.[Shhh] On the Hong Kong market side, the Hang Seng Index is consolidating repeatedly around the 25,000-point level and remains in a low-range sideways pattern overall. Southbound capital continues to flow in, and the market is still building momentum. Several Hong Kong-listed companies are scheduled to release earnings next week, providing a timely opportunity for their stocks to be tested by investor sentiment. 🔥 Main Theme Focus: Led by tech giant Micron Technology, AI memory has become the absolute spotlight Next week’s top highlight in the U.S. equity market undoubtedly falls on the memory chip giant$Micron Technology (MU.US)$The company will report earnings atFiscal Q3 2026 earnings will be released early Thursday, June 25. As the AI industry narrative continues to deepen, the market has reached a consensus: robust GPU computing power cannot exist without massive memory and storage capabilities. As the final marquee company of this earnings season, Micron Technology’s results are expected to be scrutinized primarily along the following three key dimensions: First, demand from AI data center operations and progress on HBM capacity. HBM (High Bandwidth Memory) has now become a critical bottleneck in AI chip production capacity...](https://nnqimage.futunn.com/sns_client_feed/999982/20260618/web-1781767136237-6PtiQj7L7G.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Futubull AI Instant answers to resolve doubts, smart stock selection to lock in potential uptrends, portfolio analysis to seize opportunities and avoid risks!![Hello fellow investors~[Cool Guy] Recently, U.S. stocks have remained range-bound at elevated levels, while Hong Kong stocks continue to trade sideways near their lows. This week, the three major U.S. indices fluctuated within a tight range at elevated levels. With the Fed’s June policy meeting concluded, the market can temporarily shift its focus away from macro policy and toward corporate fundamentals. Earnings season is now drawing to a close, and next week’s key reports will test whether current lofty valuations are justified—all hinges on actual earnings results.[Shhh] On the Hong Kong market side, the Hang Seng Index is consolidating repeatedly around the 25,000-point level and remains in a low-range sideways pattern overall. Southbound capital continues to flow in, and the market is still building momentum. Several Hong Kong-listed companies are scheduled to release earnings next week, providing a timely opportunity for their stocks to be tested by investor sentiment. 🔥 Main Theme Focus: Led by tech giant Micron Technology, AI memory has become the absolute spotlight Next week’s top highlight in the U.S. equity market undoubtedly falls on the memory chip giant$Micron Technology (MU.US)$The company will report earnings atFiscal Q3 2026 earnings will be released early Thursday, June 25. As the AI industry narrative continues to deepen, the market has reached a consensus: robust GPU computing power cannot exist without massive memory and storage capabilities. As the final marquee company of this earnings season, Micron Technology’s results are expected to be scrutinized primarily along the following three key dimensions: First, demand from AI data center operations and progress on HBM capacity. HBM (High Bandwidth Memory) has now become a critical bottleneck in AI chip production capacity...](https://nnqimage.futunn.com/sns_client_feed/999982/20260618/web-1781767135461-ut9PT4CFMC.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
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