Jun 24, 2026 · 6 min
Micron earnings and FedEx trade warnings test Wall Street expectations
Micron Rises, Take Two Mixed, FedEx Slips After Warning on Inflation, Trade Turmoil
This episode reveals how major players in semiconductor manufacturing, gaming, and global logistics are adapting to shifting consumer demand and macroeconomic pressures.
- 1Micron Technology faces intense pressure to deliver exceptional fiscal third-quarter earnings to satisfy demanding Wall Street investors.
- 2Take-Two Interactive is leveraging massive pre-order demand to test premium pricing strategies for Grand Theft Auto VI.
- 3FedEx struggles with rising operational costs and global trade headwinds despite spinning off its freight unit.
Don't miss
Kristine Aquino breaks down how FedEx is managing rising costs and global trade pressures following its freight unit spin-off.
The brief
Wall Street is testing the limits of growth as key corporate movers face high expectations. Bloomberg Managing Editor Kristine Aquino joins the show to break down how Micron, Take-Two Interactive, and FedEx are navigating distinct market pressures.
Micron Technology faces intense scrutiny over its fiscal third-quarter earnings. Despite the massive market demand for memory chips, investors are questioning whether the company can meet the exceptionally high expectations set by the current technology boom.
In entertainment, Take-Two Interactive is managing high stakes around Grand Theft Auto VI. The company is balancing premium pricing strategies with massive pre-order demand as it prepares for one of the most anticipated video game releases in history.
Meanwhile, FedEx is grappling with a mixed earnings report. The shipping giant is facing rising operational costs and persistent global trade headwinds, even as it attempts to streamline operations following the spin-off of its freight unit.
What was said on this episode
6 statements · 5 positive · 1 negative
Bloomberg Intelligence expects Micron’s fiscal third-quarter revenue to exceed estimates by about 13%.
“Bloomberg Intelligence expecting them to exceed their fiscal third quarter revenue by about 13% above estimates.”
Listen at 1:33
Micron’s guidance is expected to beat estimates by 18%, driven primarily by higher DRAM prices.
“Also expecting a guidance beat of 18% primarily because of that 60% increase in DRAM prices.”
Listen at 1:40
BTIG rates Take-Two a buy and sets a $290 price target.
“BTIG, for instance to launch coverage on Take Two. They launch it with a buy rating and a $290 price target.”
Listen at 2:48
Bank of America raised Take-Two’s price target to a street-high $368.
“earlier this week we got an upgrade from bank of America as well for that stock. They lifted a price target to a street high of $368 versus the current price of about 243.”
Listen at 2:57
FedEx’s margins fell to 8.4%, below expectations.
“the margins that really disappointed here. That fell to 8.4% below expectations.”
Listen at 3:41
FedEx forecasts 2026 EPS of 16.90–18.10, an increase from 2025.
“they are still looking for a bit of an increase in terms of its future outlook. They're looking for a 1690-1810 in terms of EPS for the calendar year 2026”
Listen at 3:55
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Take-Two InteractiveListen to the full episode and explore every guest, topic, and moment on PodLume.