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Micron Earnings Report Exceeds Expectations | Closing Bell

Watch on YouTube ↗  |  June 24, 2026 at 20:24  |  9:36  |  Bloomberg Markets
Speakers
Carol Massar — Anchor, Bloomberg
Romaine Bostick — Anchor, Bloomberg

Summary

The episode covers Micron's fiscal third-quarter earnings beat and strong fourth-quarter guidance, driving the stock higher after hours. Anchors highlight Micron's margin expansion and cheap valuation, while also noting a rally in homebuilders after Trump cancelled a housing bill. Broad market closes mixed with industrials up and energy down.

  • Micron reports Q3 beats on revenue and EPS, guides Q4 revenue well above estimates.
  • Micron gross margins expand, with Q4 gross margin guidance of 86% above the 84% estimate.
  • Shares rise over 7% after hours; Carol Massar notes valuation under 10x earnings looks inexpensive.
  • Homebuilders rally more than 6% after Trump cancels bipartisan housing supply bill.
  • S&P 500 edges lower, industrials lead while energy and tech lag.
  • All 32 major banks pass the annual Fed stress test.
  • Sunrun jumps on a partnership with Tesla to deliver 16GW of flexible energy capacity.
Ideas
Romaine Bostick Anchor, Bloomberg 3:19
Homebuilders gain on cancelled supply bill
Homebuilders rallied after President Trump cancelled plans to sign a bipartisan bill aimed at lowering housing costs and increasing supply, which included a provision restricting investors from buying. The cancellation removes a supply-side headwind, benefiting homebuilders.
XHB MED
Carol Massar Anchor, Bloomberg 5:20
Micron cheap on strong AI demand
Micron's results and guidance beat expectations driven by strong AI demand, with margin expansion expected as demand outstrips costs. Additionally, the stock trades at less than 10 times estimated earnings, making it look inexpensive despite the year-to-date rally.
MU HIGH
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This Bloomberg Markets video, published June 24, 2026, features Romaine Bostick, Carol Massar discussing XHB, MU. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Romaine Bostick, Carol Massar  · Tickers: XHB, MU