FedEx reported Q4 fiscal 2026 adjusted EPS of $6.31, beating the ~$5.97 consensus estimate, with revenue of $25.0 billion topping expectations by roughly $970 million. Despite the top-and-bottom-line beat, shares fell approximately 6% in after-hours trading as investors focused on margin compression, muted package demand, and a calendar-year 2026 adjusted EPS guidance range of $16.90–$18.10 that underwhelmed the market. The report marks FedEx's first earnings release as a pure-play parcel company following the June 1 spin-off of FedEx Freight.
→ FedEx Freight (FDXF) standalone earnings on Thursday, June 25 — first report since the spin-off
→ Micron Technology (MU) earnings after the close on Wednesday, June 24 — the week's marquee semiconductor print after today's brutal chip selloff
→ Nasdaq futures trajectory overnight: already -2.58%, signaling potential for a second consecutive down open in tech