Fed Rate-Hike Odds Could Pressure Micron’s Stock Despite Strong Results
Wall Street sees a 60%+ chance of a September 2026 rate hike. Micron posted 346% year-over-year revenue growth to $41.5B and operating cash flow of $25.4B. Management guided Q4 revenue of $49B–$51B and non-GAAP EPS of $30–$32 as DRAM and NAND sales surged. Higher rates could still weigh on Micron shares if investors doubt durable memory pricing.