What's Happening?
Micron Technology is set to announce its fourth-quarter results for fiscal year 2025 on September 23. Analysts are anticipating earnings per share of $2.78 and revenues of $11.12 billion. Deutsche Bank analyst Sidney Ho has reiterated a Buy rating on Micron's stock, raising the price target from $155 to $175. Ho cites continued positive trends in DRAM supply and stronger NAND pricing as factors that could drive gross margins above 50%. Despite concerns about high-bandwidth memory (HBM) pricing in 2026, Ho believes Micron can maintain its market share and profitability due to its strong position in AI-related demand. Wall Street analysts have maintained a Strong Buy rating on Micron stock, with 25 Buys and four Holds in the past three months.
Why It's Important?
Micron's upcoming earnings report is significant for investors and the tech industry, as it reflects the company's ability to capitalize on current market conditions. The strong demand for DRAM and NAND, driven by AI and increased storage needs, positions Micron favorably in the semiconductor market. The company's performance could influence investor confidence and stock market trends, particularly in the technology sector. Additionally, Micron's ability to navigate potential pricing challenges in HBM could set a precedent for other companies in the industry facing similar issues.
What's Next?
As Micron prepares to release its earnings, investors and analysts will be closely watching for any updates on HBM contract negotiations and future supply chain strategies. The company's management is expected to address these topics, although new details may be limited due to uncertainties around 2026 supply and customer product launches. The outcome of these discussions could impact Micron's long-term growth prospects and market positioning.
