Overview
- Wall Street expects roughly $19.1 billion in fiscal Q2 revenue and about $8.60 per share in earnings, reflecting a surge driven by AI data‑center demand.
- Micron has sold out its high‑bandwidth memory supply for calendar 2026 and has told customers it can meet only about 50%–66% of some orders, with meaningful new capacity not expected until 2027.
- Options pricing points to an anticipated 9%–10.6% move in the stock around the results, highlighting sensitivity to management’s outlook.
- Analysts have turned more bullish ahead of the report, with firms including Wedbush, Wells Fargo, UBS, TD Cowen and RBC lifting price targets and most trackers showing a Strong Buy consensus.
- Micron completed the acquisition of Powerchip’s P5 site in Tongluo, Taiwan for DRAM and HBM production, targeting first shipments from the existing fab in fiscal 2028 and beginning a next‑phase build by the end of fiscal 2026.