Micron (MU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares hard to believe that shares of memory darling Micron (NASDAQ:MU | MU Price Prediction) still have any gas left in the tank after an explosive run that saw a 223% gain year to date or 590% in the last two years.
Micron Technology (MU) shares rose in trading on Wednesday. The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications.
Wall Street analysts have raised their price targets on Micron Technology (NASDAQ: MU), citing stronger memory pricing, improving market fundamentals, and sustained demand from artificial intelligence infrastructure.
Micron Technology is going to report their FY Q3 earnings on June 24, 2026. Micron's quarterly estimates for both DRAM and NAND memory sales and gross profit have increased substantially since last quarter, more than tripling since last year. Micron's guidance this quarter will be a potentially important signal to the markets about the trajectory for Memory.
Micron is experiencing unprecedented demand for DRAM, NAND, HBM, and enterprise SSDs, driving record revenue and gross margins. MU's supply-demand imbalance is expected to persist beyond 2026, supported by Strategic Customer Agreements that enhance earnings visibility and pricing power. Consensus estimates for MU's FY26 and FY27 earnings are likely too conservative, with forward P/E potentially overstated and substantial upside remaining.
In the most recent trading session, Micron (MU) closed at $1, indicating a -6.18% shift from the previous trading day.
The AI boom has created a small group of companies that sit at the center of an enormous spending wave.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.
Few stocks have rewritten their own story in 2026 the way Micron Technology (NASDAQ:MU | MU Price Prediction) has.
Micron Technology has surged over 155% in recent months, driven by AI-fueled demand and exceptional revenue and earnings growth. MU's Q3 expectations are extremely high, with consensus revenue at $34.47B (+270% YoY) and non-GAAP EPS of $19.69 (+930% YoY). Growth rates are set to decelerate, so future share price support may hinge on capital returns, a potential stock split, or acquisitions.
Micron stock is setting records and Wall Street is racing to raise price targets for the memory-chip maker.