Micron earnings, quickly due on Wednesday, September 30, proper after the U.S. market shut, will present whether or not the reminiscence chipmaker can clear a really excessive bar. Micron earnings expectations level to about $31.52 in EPS for the fiscal fourth quarter, up from $3.03 a yr in the past, on income of round $50.6 billion. The typical MU inventory value goal sits at $1,563.93, primarily based on TipRanks knowledge. The Micron inventory outlook, and likewise the MU inventory earnings response, will probably hinge on what administration says in regards to the subsequent quarter.
Micron Earnings, MU Inventory Outlook And Value Goal After Outcomes
Micron Earnings Quickly: What Wall Avenue Expects
The bar is excessive, with Micron earnings quickly due and the corporate’s personal June steerage setting the tone. Again in June, administration guided for income of $50 billion, plus or minus $1 billion, adjusted EPS of $31, plus or minus $1, and likewise a gross margin of roughly 86%. Wall Avenue’s Micron earnings expectations sit slightly above the center of that vary. MU inventory earnings historical past seems sturdy too, as third-quarter income hit $41.46 billion and adjusted EPS got here in at $25.11.
Micron CEO Sanjay Mehrotra mentioned in June that the file Q3 outcomes and the stronger This fall outlook:
“mirror the strategic worth of reminiscence within the AI period.”
Analysts Break up On Nvidia Timing And Value Targets
MU inventory closed at $1,082.28 on Friday, September 25, up 16% over the previous month and about 14% under its 52-week excessive of $1,255.
That run leaves little room for a letdown, with Micron earnings quickly due. Susquehanna analyst Mehdi Hosseini flagged uncertainty over when income from new Nvidia merchandise will truly present up. Gross sales the market already counted for this yr may slip into subsequent yr. Wells Fargo additionally minimize its MU inventory value goal from $1,525 to $1,400 on Wednesday, nevertheless it stored an Chubby ranking.
Different banks stayed bullish and refreshed their calls with Micron earnings quickly due. Citigroup raised its MU inventory value goal from $1,150 to $1,300 and stored a Purchase ranking, as analyst Atif Malik pointed to stronger DRAM pricing and tight provide. Rosenblatt’s Kevin Cassidy reaffirmed a Purchase ranking and a $1,500 goal.
BMO Capital analyst Harsh Kumar, who reiterated a Purchase ranking and a $1,300 goal, mentioned:
“reminiscence stays in a supercycle as demand tendencies proceed to exceed provide by way of CY27.”
Goldman Sachs analyst James Schneider is extra cautious, with a Maintain ranking and an $1,100 goal, however he nonetheless expects Micron to report:
“one other sturdy quarter.”
Micron Earnings Quickly: What Might Transfer The Inventory
There may be extra to look at with Micron earnings quickly due than simply the quarterly figures. CFO Mark Murphy mentioned in June that Micron’s steadiness sheet:
“has by no means been stronger.”
Micron has additionally signed 16 strategic buyer agreements, multi-year offers that give it higher visibility and assist the Micron inventory outlook. In mid-September, it additionally confirmed off a 512GB DDR5 server module, and Micron plans quantity manufacturing for the second half of 2027.
Loads of merchants are additionally wanting previous the quarter itself, proper at steerage for fiscal 2027. NAND and DRAM ought to keep in brief provide by way of 2027, which helps the Micron inventory outlook. But when the Nvidia income shift exhibits up, or if margins fall wanting Micron earnings expectations, profit-taking may hit quick. On the time of writing, the market already expects a powerful quarter, so the MU inventory earnings response may come right down to steerage. For anybody holding shares with Micron earnings quickly due, the subsequent few buying and selling days may get bumpy.