The standout event for UK retail investors next week is likely to be Micron Technology, reporting after the US close on Wednesday. Expectations are extremely high, with consensus pointing to roughly $31.5 EPS on $51.2bn revenue, reflecting the continuing AI-driven memory boom.
Jabil, also on Wednesday, is another important technology and AI infrastructure read-through, given its manufacturing exposure to data centres and technology hardware. Carnival on Tuesday could provide a useful read on discretionary spending and travel demand.
In the UK, SSE stands out because its 1 October trading update could influence sentiment towards utilities, energy investment and the UK power-generation outlook. Greggs, reporting its Q3 trading update on 30 September, will offer a closely watched snapshot of UK consumer spending and wage/cost pressures.
Saga, AG Barr, Card Factory and Close Brothers are also worth watching, but are more likely to drive individual shares than the wider market.
Micron Technology (NASDAQ:MU)
Micron Technology (NASDAQ:MU) reports Q4 results after US markets close on 30 September, with investors focused on whether the memory chip boom continues to justify the stock’s elevated valuation.
The key questions are whether AI-driven demand for high-bandwidth memory and data centre DRAM is translating into stronger margins, and how much further management can raise expectations.
Micron’s shares have experienced considerable volatility in recent months, rallying sharply in 2026 (~+240% YTD) before retreating from recent highs. The stock closed at $1,080.53 on 24 September, while renewed concerns about AI spending and profit-taking have tempered momentum.
Micron consensus forecasts
| Q4 2025 | Q4 2026 | YoY Growth | Q1 2027 | |
| Revenue (bn) | $11.31 | $51.2 | 353% | |
| EPS | $3.03 | $31.6 | 943% | $35.5 |
Investors will scrutinise HBM demand, DRAM pricing, gross margins and management’s Q1 outlook. Evidence that supply constraints persist into 2027 could support further earnings upgrades, while weaker pricing or cautious guidance may trigger profit-taking. With expectations already elevated, beating forecasts may not be enough — investors need confidence that exceptional growth can continue. Any change to margins, HBM demand or forward guidance could have implications across the semiconductor and AI ecosystem.
Greggs (LON:GRG)
Investors will be hungry for evidence of further gains in a tough food-to-go market when coffees-to-sausage rolls seller Greggs (LON:GRG) delivers its Q3 trading update (30 September). An upgrade to FY26 guidance seems unlikely. Consumer confidence remains subdued and the heatwaves witnessed in July and August (Q3) were hardly conducive for baked goods sales.
However, Greggs may have benefited from brisk sales of salads and its popular iced drinks this summer. And if the bakery can hold FY26 guidance and sound upbeat about the long-term growth potential of the brand, then the shares could go well on the day.
A positive update on new space growth, menu innovations and progress through partnerships with Tesco (LON:TSCO) and Iceland Foods would also go down a treat with shareholders.
Forecasts for Greggs
| FY26 | FY27 | FY28 | |
| Revenue (£bn) | 2.31 | 2.48 | 2.67 |
| Adjusted pre-tax profit (£m) | 173 | 183.8 | 203 |
| EPS (p) | 124.9 | 132.7 | 146.6 |
Source: Investec Equities estimates
Under CEO Roisin Currie, Greggs outperformed a challenging food-to-go market in H1 as the Newcastle-based company’s value offer resonated with cash-strapped consumers. Like-for-like sales in company-managed shops were in growth. And pre-tax profits rose 20% to a forecast-beating £76 million as Greggs lapped soft prior year comparatives and kept a lid on costs.
Our view remains that fears over ‘peak Greggs’ are overblown. The FTSE 250 firm sees a clear opportunity for ‘at least 3,500 UK shops’ over the longer term. Currie’s confidence in this opportunity is underpinned by Greggs’ success in opening new shops. The food retailer is generating strong returns in catchments such as retail parks, railway stations, airports, roadsides and supermarkets.
Disclaimer: The author (James Crux) owns shares in Greggs.
Saga (LON:SAGA)
There shouldn’t be any surprises when over-50s leisure and financial services group Saga (LON:SAGA) reports H1 results on Weds 30 October. Despite the crisis in the Middle East, wealthy older people show no sign of curbing their spending on ‘experiences’.
In an AGM trading update at the end of June, CEO Mike Hazell said the firm had made a ‘strong start’ to FY27. The Travel division continues to prosper, with Cruising performing ahead of expectations and a ‘resilient’ customer base supporting Holiday bookings.
Both ocean cruises and river cruises have seen bookings up on last year, with both reporting a 93% load factor. Holiday bookings are also ahead of last year, although revenue may only increase marginally due to more short-haul travel.
Insurance broking is ticking along in line with expectations and the new relationship with Ageas is ‘progressing well’. So well in fact that a contingent consideration payment of £10.5 million is due from Ageas thanks to Saga hitting its volume targets.
The CEO maintained his FY27 earnings forecast and said the group was on track to meet its medium-term targets. These are pre-tax profit of at least £100 million against £44 million last year and gearing of 2 times against 3.7 times.
Consensus forecasts for Saga
| FY27 | FY26 | |
| Revenue (£m) | 700 | 660 |
| Net profit (£m) | 61.5 | 3.6 |
| EPS (p) | 41.9 | 20.8 |
Source: Stockopedia
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