Micron Earnings Surge
Micron Analysts Forecast Earnings Surge Ahead of Upcoming Fiscal Report
Anonymous
Micron heads into its September 30 fiscal fourth-quarter earnings report amid expectations that AI-driven demand for high-bandwidth memory and server DDR5 will keep memory supply tight and support pricing into 2027. BMO Capital reiterated its Buy rating and raised revenue and earnings forecasts, citing demand that continues to outpace supply, while other analysts also expect strong results and further price increases. Investors will be watching guidance on memory pricing, HBM demand and supply, particularly after Micron’s steep share-price gains have raised expectations; weaker client and consumer memory demand and questions about the durability of AI spending remain risks. One source also reports that company insiders made no open-market purchases and recorded numerous sales in the past six months.
Key Points
1
BMO Capital raised its full-year FY27 revenue estimate to $268 billion from $249 billion and its EPS estimate to $168.62 from $151.91. Analyst Harsh Kumar said he does not expect significant new memory supply before the second half of 2027.
2
BMO said HBM4 carries an estimated 20%–25% price premium over HBM3e; Kumar expects a shift toward HBM4 to lift Micron’s average selling price, even as client and consumer memory demand remains weaker.
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TipRanks’ one-week technical reading showed 15 bullish signals, four neutral and three bearish. Micron shares had gained 278.8% year to date, leaving investors focused on whether forward guidance can justify the rally.
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Wolfe Research analyst Chris Caso expects memory demand to keep exceeding supply and prices to rise through 2028, extending the anticipated tight-supply outlook beyond 2027.
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