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.
Micron remains a powerful AI-driven memory play but is priced for scarcity and offers no margin of safety. MU's supply-demand setup appears tight through 2026, with HBM exacerbating memory shortages and supporting premium pricing. Peak-cycle risk is significant; investors should monitor ASPs, capex discipline, and downstream ROIC for early signs of cycle turn.
Micron Technology (NASDAQ:MU | MU Price Prediction) is the chip stock dominating every feed after its memory business rode the AI cycle to a $1.12 trillion market cap and a 760.37% one-year run.
Demand for CPUs has driven expectations that pricing power for memory can last into next year, an analyst said.
Micron Technology, Inc. remains a Buy as memory chip bottlenecks and robust pricing drive strong earnings momentum, with no near-term cycle downturn in sight. Q2 2026 results saw revenues up 196% YoY, record 75% adjusted gross margins, and EPS beating consensus by 33%, fueled by both CMBU and CDBU segments. Industry-wide supply constraints and delayed fab expansions suggest pricing power and high margins will persist for MU through at least 2027, with new catalysts from Nvidia partnerships ahead.