Jun 25, 2026
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Micron Technology soared 17.7% to $1,234.52 after the computer memory maker reported solid results in the fiscal third quarter ending in May.
Revenue soared to $41.5 billion from $9.3 billion, net income advanced to $28.2 billion from $1.9 billion, and diluted earnings per share rose to $24.67 from $1.68 a year ago.
The company estimated revenue in the fiscal fourth quarter to jump to $50 billion from $11.3 billion a year ago.
Revenue in the cloud memory unit soared fourfold to $13.7 billion from $3.3 billion; the core data center business unit advanced sevenfold to $11.5 billion from $1.5 billion; the mobile and client business unit jumped nearly fourfold to $11.5 billion from $3.2 billion; and the automotive and embedded business unit increased fourfold to $4.6 billion from $1.1 billion a year ago.
Gross margin as a percentage of revenue jumped to 84.6% from 74.4% in the previous quarter and 37.7% in the period a year ago. -
KB Home increased 3.4% to $54.59 after the home builder released its fiscal second quarter results.
Revenue declined 27% to $1.1 billion from $1.5 billion, net income dropped to $27.4 million from $107.9 million, and diluted earnings per share eased to 43 cents from $1.50 a year ago.
In the period, the company delivered 2,395 homes, a decrease of 23%, and the average home selling price eased to $461,900 from $488,700 a year ago, respectively.
The company's net new orders in the quarter totaled 3,317, a decrease of 4%; backlog at the end of the quarter fell 5% to 4,526; and backlog value fell 7% to $2.2 billion.
The cancellation rate as a percentage of gross orders was 12%, compared to 16%.
For the fiscal third quarter, the company estimated total home deliveries to range between 2,600 and 2,800 and housing revenue to range between $1.20 billion and $1.35 billion. -
FedEx decreased 6.7% to $295.25 after the parcel delivery company reported its results for the fiscal fourth quarter ending in May.
Revenue increased to $25.0 billion from $22.2 billion, net income edged lower to $1.60 billion from $1.65 billion, and diluted earnings per share eased to $6.60 from $6.88 a year ago.
The company completed the spinoff of FedEx Freight on June 1, and the freight company paid a cash dividend of $4.1 billion to FedEx Corporation.
During fiscal 2026, FedEx returned approximately $2.2 billion to stockholders through the combination of $776 million of stock repurchases and $1.4 billion of dividend payments.
As of the end of May, $1.3 billion remained available under the company's 2024 stock repurchase authorization.
FedEx estimated revenue to decline 11% and diluted earnings per share from continuing operations to range between $16.55 and $17.75 for the calendar year 2026.
Jun 24, 2026