Micron Know-how Inc. (NASDAQ: MU) is capitalizing on the surging demand for high-performance computing and knowledge middle merchandise via its management in AI-optimized reminiscence options, together with Excessive Bandwidth Reminiscence and superior DRAM applied sciences. Traders are monitoring the corporate’s upcoming earnings as it’s anticipated to supply insights into evolving dynamics within the reminiscence chip market.
After gaining steadily over the previous a number of months, Micron’s inventory opened the week close to its highest ranges on document, outpacing each trade friends and the broader market. The worth has greater than doubled previously 4 months, making MU one of many best-performing Wall Avenue shares this yr. Regardless of the comparatively excessive valuation, the inventory presents a compelling funding alternative, given the continued robust demand for the corporate’s merchandise designed for AI workloads.
Estimates
The Boise, Idaho-headquartered reminiscence chipmaker’s fourth-quarter 2025 earnings report is slated for launch on Tuesday, September 23, at 4:00 pm ET. The Micron management in a current assertion stated it expects This autumn revenues to be roughly $10.7 billion. It anticipates adjusted earnings to be about $2.50 per share and unadjusted earnings $2.29 per share within the fourth quarter.
The forecast is beneath analysts’ income estimate of $11.11 billion and EPS estimate of $2.86 per share for This autumn. Within the comparable quarter of fiscal 2024, the corporate reported earnings of $1.18 per share, adjusted for one-off objects, on revenues of $7.75 billion. Apparently, each the highest line and earnings have constantly crushed the market’s expectations previously 9 quarters.
Within the third quarter of FY25, Micron’s adjusted earnings rose sharply to $1.91 per share from $0.62 per share within the year-ago interval, exceeding Wall Avenue’s estimates. On an unadjusted foundation, web earnings was $1.89 billion or $1.68 per share in Q3, in comparison with $332 million or $0.30 per share within the prior-year quarter.
Document Income
Driving the bottom-line development, third-quarter revenues climbed to a document excessive of $9.30 billion from $6.81 billion within the corresponding interval of 2024. Revenues got here in above expectations. Information middle income greater than doubled year-over-year and reached a quarterly document, with high-bandwidth reminiscence, a important enabler for all AI techniques, rising about 50% sequentially. The corporate expects the wholesome demand pattern to proceed in FY26. It sees trade DRAM bit demand development to be within the high-teens proportion vary within the calendar yr, and trade NAND bit demand development within the low double-digit proportion vary.
From Micron’s Q3 2025 Earnings Name:
Our first Idaho fab, ID1, achieved one other key development milestone in June. We anticipate the primary DRAM wafer output at ID1 to start within the second half of calendar 2027, with buyer {qualifications} to observe. The second Idaho fab, ID2, will profit from manufacturing economies of scale with ID1, and add to R&D co-location advantages with higher efficiencies and quicker time to market. To fulfill anticipated demand, ID2 will start manufacturing earlier than the primary New York fab. We anticipate to start floor preparation in New York later this yr, following the completion of state and federal environmental evaluations.
Micron’s shares have grown a formidable 30% previously month alone. On Monday, the inventory opened at $156.96 and traded increased within the early hours of the session, hovering close to its current peak.
