Micron Prepares Earnings Report as Artificial Intelligence Demand Drives Record Memory Sales
Boise, Wednesday, 30 September 2026.
As artificial intelligence infrastructure expands, Micron Technology expects record fourth-quarter revenue near $51 billion, backed by high-bandwidth memory capacity booked through 2027.
Financial Expectations and Market Performance
Micron Technology (NASDAQ: MU) is scheduled to release its fiscal fourth-quarter earnings report after the market close on Wednesday, September 30, 2026 [1][3]. Wall Street analysts project revenue of approximately $51.49 billion, representing a significant increase from the $11.31 billion reported in the year-ago quarter [1][6]. This anticipated growth translates to a year-over-year revenue increase of 355.261 percent [1][6]. Earnings per share (EPS) are expected to reach $31.83, compared to $3.03 in the fourth quarter of 2025 [1][7].
Strategic Contracts and Supply Constraints
The company’s strategic position has strengthened through binding, multi-year High Bandwidth Memory (HBM) take-or-pay contracts valued at approximately $100 billion [3]. These agreements, many extending through 2030, reduce reliance on volatile spot pricing and secure capacity through calendar 2027 and into 2028 [3][6]. Global memory supply remains tight, dominated by three major companies, with Micron’s HBM capacity fully booked [3].
Analyst Targets and Stock Volatility
Financial institutions have set varied price targets, with Wedbush reiterating a $1,400 target and a Buy rating [5][4]. Other analysts project higher potentials, including Baird at $1,520 and Rosenblatt at $1,500 [4]. The mean target among analysts tracked by Visible Alpha stands at $1,545, suggesting further upside potential from recent closes [2].