Overview
- Micron reports fiscal Q2 2026 after the close on March 18, with Wall Street estimating roughly $19.0–$19.3 billion in revenue and about $8.60–$8.77 in EPS.
- Options pricing points to a post‑earnings swing of about ±10–11%, reflecting heightened expectations after a sharp year‑to‑date rally in the shares.
- Management has said its 2026 HBM output is fully sold out and that it can meet only about 50% to two‑thirds of some key customers’ memory needs.
- The company closed the purchase of PSMC’s P5 Tongluo site in Taiwan, began retrofitting ~300,000 sq. ft. of cleanroom space, plans to start building a second similar‑scale fab by the end of fiscal 2026, and targets meaningful shipments from the site by fiscal 2028.
- Analysts remain broadly bullish with fresh target hikes — including Wedbush at $500, Wells Fargo at $470, and RBC at $525 — as Micron ramps next‑gen HBM4 and benefits from tight DRAM supply into 2027.