Investors face another busy 22-26 June week of corporate updates, with results from AI chipmaker Micron Technology (NASDAQ:MU), UK housebuilder Berkeley (LON:BKG) and cars/bikes retailer Halfords (LON:HFD) among the highlights.
Micron’s quarterly earnings on Wednesday are expected to be the week’s most closely watched event after recent optimism surrounding artificial intelligence infrastructure spending. Investors will be looking for evidence that demand for high-bandwidth memory (HBM), DRAM and NAND remains strong, alongside guidance that could influence sentiment across the global semiconductor sector.
How crazy could the memory chip shortage become – and what does it mean for UK investors?
Back in the UK, Berkeley’s full-year results on Monday should provide an important health check on the premium housing market, with updates on reservations, build costs, cash generation and shareholder returns likely to set the tone for the housebuilding sector.
Halfords follows on Tuesday, where investors will assess whether improving retail conditions and growth in its autocentres business are translating into stronger profits. Together, the week’s announcements offer valuable insight into consumer demand, housing and the continuing AI investment cycle.
Berkeley (LON:BKG)
After the poor response to its strategic update in April, Berkeley (LON:BKG) needs to deliver on its promises with its FY results on 24 June. Those include a pre-tax profit of £450 million and free cash flow of £300 million for the year to April.
Under its strategic re-set, the London-focused developer said it had halted all new land purchases. Due to increased tax and regulation, Berkeley said new plots could no longer generate the required return on investment.
The group also said it would phase WIP (work in progress) to meet customer demand. Therefore investors will be keen to hear what it has to say about market conditions and the outlook for FY2027.
Shareholder returns are also likely to be in focus, after the firm set out a target of £2 billion by 2035. So far it has delivered £336 million, with another £564 million scheduled by September 2030. Given its forecast of a year-end NAV per share of £39 versus the current share price of around £35, buybacks should be on the cards.
Berkeley consensus forecasts:
| FY2026 | FY2027 | |
| Revenue (£m) | 2,287 | 2,087 |
| Earnings per share (p) | 333 | 296 |
Micron Technology (NASDAQ:MU)
Micron Technology (NASDAQ:MU) reports fiscal Q3 2026 results after the US market closes on 24 June, with investors expecting another quarter of exceptional AI-driven growth. Wall Street consensus points to revenue of around $35 billion and adjusted EPS of roughly $19.7-$20.0, extending the company’s remarkable earnings momentum.
The biggest share price driver will be management’s outlook rather than the headline numbers. At the previous results, CEO Sanjay Mehrotra said demand for high-bandwidth memory (HBM) remained exceptionally strong, with production effectively sold out and AI data centre customers continuing to expand spending. Investors will want confirmation that demand from hyperscalers such as Microsoft, Amazon, Alphabet and Meta remains robust into 2027.
Micron consensus forecasts
| Q3 2025 | Q3 2026 | YoY Growth | Q4 2026 | |
| Revenue ($bn) | 9.3 | ~35 | ~275% | ~41.8 |
| EPS ($) | 1.91 | ~20.05 | ~950% | ~24.2 |
Memory pricing is equally important. DRAM prices have continued to strengthen thanks to tight supply and booming AI server demand, while NAND pricing has stabilised after a prolonged downturn. Any indication that pricing power is weakening or that customers are delaying orders could trigger profit-taking after Micron’s stellar rally. Conversely, evidence that HBM supply remains constrained and contract prices continue rising would reinforce expectations that the memory supercycle has further to run.
For UK retail investors, the key metrics to watch are HBM revenue growth, gross margin guidance, DRAM and NAND pricing trends, capital expenditure plans and management’s commentary on AI demand through 2027. With expectations now extremely high, another beat alone may not be enough—Micron will likely need to raise guidance again to drive a fresh leg higher in the share price.
Halfords (LON:HFD)
Motoring services-to-cycling products purveyor Halfords’ (LON:HFD) FY26 results (25 June) will allow investors to see if CEO Henry Birch’s ‘Fit for the Future’ strategy continues to deliver. On 29 April, the Redditch-based firm hiked FY26 earnings guidance on the back of ‘strong’ trading, gross margin expansion and a tight grip on costs. Underlying pre-tax profits are expected to be around the upper end of the £36 million to £41.2 million consensus range.
Since Halfords has pre-announced its FY2026 performance, the main focus will be current trading and the outlook statement. Will Halfords report a strong start to FY2027, or have consumers slammed the brakes on spending due to cost-of-living pressures or the Middle East conflict?
In April, Halfords insisted the bulk of its FY2027 energy costs and foreign exchange requirements were hedged with freight rates largely contracted in advance. At the time, the company was ‘comfortable’ with FY2027 consensus expectations. These call for an increase in pre-tax profit to between £42 million and £48.6 million, ahead of an FY2028 earnings acceleration to a range of £48 million and £53.1 million.
Birch’s refreshed strategy is focused on improving like-for-like growth and margins whilst scaling the motoring services side of Halfords’ business. Over time, this should make Halfords less cyclical by bumping up recurring revenue and increasing the proportion of sales derived from non-discretionary categories.
Halfords consensus forecasts:
| FY2026 | FY2027 | |
| Revenue (£m) | 1,775 | 1,827 |
| Pre-tax profit (£m) | 40.3 | 45.3 |
Source: Halfords, Stockopedia
On deck next week
| Date | Company | Country | Index | Event | Key investor focus |
| Mon 22 Jun | Berkeley | UK | FTSE All-Share | Full-year results | UK housing demand, reservations, margins, capital returns |
| Carnival Corp | US | S&P 500 | Q2 earnings | Cruise demand, pricing and forward bookings | |
| Lennar | US | S&P 500 | Q2 earnings | US housing market and order trends | |
| Synthomer | UK | FTSE All-Share | AGM | Chemicals demand and trading update | |
| Tue 23 Jun | Halfords | UK | FTSE All-Share | Full-year results | Retail margins, autocentres and consumer spending |
| FactSet | US | S&P 500 | Q3 earnings | Enterprise software demand and wealth management spending | |
| FedEx | US | S&P 500 | Q4 earnings | Global trade outlook and freight volumes | |
| General Mills | US | S&P 500 | Q4 earnings | Consumer demand and pricing power | |
| Paychex | US | S&P 500 | Q4 earnings | US labour market and SME hiring trends | |
| Hennes & Mauritz (H&M) | Sweden | OMX Stockholm 30 | Q2 results | Apparel demand, inventory levels and margins | |
| Keller Group | UK | FTSE All-Share | AGM statement | Infrastructure demand and trading update | |
| Wed 24 Jun | Micron Technology | US | Nasdaq-100 | Q3 FY2026 earnings | AI memory demand, HBM shipments, DRAM/NAND pricing and guidance |
| McCormick & Company | US | S&P 500 | Q2 earnings | Food inflation and pricing power | |
| Microlise | UK | FTSE All-Share | AGM statement | Fleet software demand and customer wins | |
| Bakkavor | UK | FTSE All-Share | AGM statement | Food manufacturing outlook and input costs | |
| Thu 25 Jun | Nike | US | Dow Jones / S&P 500 | Q4 earnings | China recovery, inventories and margins |
| Walgreens Boots Alliance | US | S&P 500 | Q3 earnings | Pharmacy turnaround and healthcare strategy | |
| Darden Restaurants | US | S&P 500 | Q4 earnings | US consumer spending and same-store sales | |
| Watches of Switzerland | UK | FTSE All-Share | AGM & trading update | Luxury demand, Rolex supply and US trading | |
| Oxford Nanopore Technologies | UK | FTSE All-Share | AGM statement | Commercial progress and sequencing demand | |
| Fri 26 Jun | Apogee Enterprises | US | S&P SmallCap 600 | Q1 earnings | Commercial construction demand |
| IntegraFin | UK | FTSE All-Share | AGM statement | Platform net inflows and adviser activity |
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