Overview
- Micron’s share price has climbed above $1,000 after a roughly 750% year‑over‑year rise and the stock now trades at an elevated multiple near 48 times forward earnings.
- Company executives have publicly reaffirmed fiscal Q3 guidance that forecasts about $33.5 billion in revenue, an approximately 81% gross margin, and more than $19 in earnings per share.
- Management and multiple reports say demand for high‑bandwidth memory, DRAM, and NAND is outpacing supply and that HBM capacity is effectively sold out through 2026.
- Wall Street has clustered bullish upgrades and much higher price targets from several firms, with some calls up to $1,500, but analyst forecasts vary widely and push valuation risk higher.
- Investors view the June 24 quarter as the key test of whether current pricing, shipments, and margin assumptions will hold and whether Micron’s multi‑year expansion plans can meet rising AI server demand.