Micron Technology (MU)

[behappyalways]

AI再旺也沒用!?美光財測比預期"差很大"盤後重挫16% 都因PC和手機市況仍低迷｜非凡財經新聞｜20241219
https://m.youtube.com/watch?v=5Z5M7MjpD2g

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Micron Prepares To Slap Tariff-Related Charge On Customers
https://www.zerohedge.com/technology/mi ... -customers

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Micron's quarterly earnings report far exceeded expectations, with revenue nearly doubling year-on-year and EPS soaring 765%.
Capital expenditures for fiscal year 2027 are planned to increase by over $10 billion, shocking investors!

美光上季財報遠超預期 營收年增近2倍 EPS翻高765% 2027財年資本支出擬增逾百億美元 嚇壞投資人?!｜非凡財經新聞｜20260319

https://m.youtube.com/watch?v=OoNEnd_d5Io

[winston]

not vested

Memory Money: Data Is the New Oil, and Memory Is the New Pipeline

by Jeffrey Neal Johnson


Key Points

The increasing need for high-bandwidth memory solutions across the technology sector provides a stable foundation for Micron to expand its operations.

Professional analysts maintain a positive outlook for Micron as its production capacity remains committed to high-profile clients for the foreseeable future.

The structural shift toward artificial intelligence infrastructure establishes Micron as a critical supplier for global data center requirements.

Source: Market Beat

[winston]

<Research> CLSA: Micron Technology, Inc. (MU.US) 3FQ Results and 4FQ Guidance Beat; AI Boom Drives Record Profit

CLSA issued a report stating that Micron Technology, Inc. (MU.US) 's EPS for the third fiscal quarter ended May 28 and its guidance for the fourth fiscal quarter significantly exceeded market consensus, driven by strong memory ASPs and a favorable product mix.

The AI boom pushed profit to a record high.

Micron has currently signed 16 strategic customer agreements covering data center, consumer and automotive sectors.

Generally, these agreements have five-year contract terms spanning from 2026 to 2030. The 16 signed agreements are expected to account for about 20% of its DRAM output and one-third of its NAND output during this period.

CLSA forecasts Micron's fourth fiscal quarter revenue at USD50 billion (16% above market consensus), gross margin at 86%, and EPS at USD31 (22% above market consensus).

Capital expenditure for fiscal year 2026 is projected at USD27 billion (YoY +94%).

The rating is Outperform, with a TP of USD1,320.

Source: AASTOCKS Financial News

https://www.aastocks.com/en/stocks/news ... -news/AAFN

[winston]

Micron’s HBM Surge Could Redefine the AI Growth Story

by Thomas Hughes. Originally Published: 6/25/2026.

Micron reported fiscal Q3 revenue of $41.46 billion, up 345% year over year and roughly 1,550 basis points above consensus estimates.

Strong HBM demand, with new supply not expected to meaningfully impact the market until 2028, supports sustained hypergrowth over the next six to eight quarters.

Micron's Q4 revenue guidance of $50 billion and expected adjusted EPS exceeding $31 both came in well above analyst expectations, driving shares up more than 15%.

Source: Market Beat

[winston]

not vested

Micron Tech - Stock Analyst Research
Target Price* US 1870.00

Micron Technology, Inc - Breaking the boom-and-bust cycle

3Q26 revenue/adj PATMI were within our expectations.

9M26 revenue/adj. PATMI were at 73%/72% of our FY26e forecasts.

3Q26 adj. PATMI spiked 12.2x YoY to a record US$28.9bn, driven by 41% YoY bit shipment growth and an est. 215%/272% YoY spike in DRAM/NAND ASPs.

Micron signed 16 long-term strategic customer agreements (SCAs) to date, representing about 20% of DRAM volume and about 30% of NAND volume from 2026-2030e.

Micron’s remaining performance obligations (RPO) from the SCAs were US$100bn, 2.7x of FY25 revenue (3Q26 RPO: US$5bn).

Memory supply remains constrained. We believe visibility from the US$100bn RPO and a total of US$22bn deposits in the SCAs signal customers’ commitment to securing long-term stable memory supply.

We maintain BUY with a higher target price of US$1870. We raised our FY27e revenue/PATMI forecasts by 16%/23% as industry memory shortage is expected to last beyond 2027e, potentially driving DRAM/NAND ASPs higher.

We roll forward our model and assume 14x FY27e P/E (prev. 9x FY26e P/E), a 52% discount to its peers’ average forward P/E of 29x.

We set a 52% discount because Micron’s remaining ~75% non-SCA revenue is still subject to cyclical mobile, client, and automotive demand.

We believe higher levels of SCA secured will structurally reduce Micron’s cyclicality and drive valuation expansion.

Source: Phillips

https://www.poems.com.sg/stock-research/MU/

[winston]

not vested

Why Micron Is Doubling Down While the HBM Shortage Persists

Micron is pouring billions into U.S. capacity and HBM innovation as the memory crunch stretches on.

With analyst support, strong pricing power and AI demand still surging, the stock’s long runway may be just getting started.

Micron raised its 10-year U.S. investment plan to $250 billion to expand fabrication capacity and HBM technology as memory shortages persist amid competition with SK Hynix.

Analysts rate Micron a consensus Buy with 92% Buy-side bias among 38 analysts, forecasting nearly 30% upside and a high-end price target of $2,000.

Micron trades at about 12 times current-year earnings, a discount to peers, with institutional investors buying on balance and supporting limited downside risk.

Source: Market Beat

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AI Demand Explodes: Micron’s New Fiscal Year Capital Expenditure Surpasses Combined Total of Past...
https://m.youtube.com/watch?v=AqXJfjseDL8