Overview
- Wedbush lifted its Micron target to $500, Wells Fargo to $470, Mizuho to $480, Susquehanna to $525, and Citi to $430, citing stronger memory pricing and AI demand.
- Micron reports fiscal Q2 results on March 18, with Street forecasts around $8.6–$8.7 in EPS and roughly $19 billion in revenue.
- The company signaled exceptional profitability, guiding Q2 to about 68% gross margin and $8.42 EPS after posting a record Q1 with $13.6 billion revenue.
- Industry checks point to sharp contract price increases for DRAM and NAND—some near triple‑digit gains—while Micron’s 2026 HBM output is fully allocated.
- Shares have been volatile as oil‑price shocks tied to Middle East tensions pressured tech, while competitive and qualification risks persist from Samsung, SK Hynix, and upcoming HBM4 cycles.