The Fed's September Decision Could Hit Micron Harder Than Its Own Earnings

Micron Technology is expected to report strong Q4 earnings on September 30, but the Federal Reserve's interest rate decision on September 16 could have a greater impact on the stock. While Micron's financial results are exceptional with projected Q4 revenue of $49-51 billion and EPS of $30-32, a hawkish Fed decision could pressure the stock by reducing investor confidence in the sustainability of current memory pricing power, even if earnings estimates rise. The company's low valuation multiple suggests investors remain skeptical about whether extraordinary memory profits will persist.