Updated
Updated · Yahoo Finance · Aug 30
Micron Could Triple After Sept. 30 Earnings as AI Memory Demand Drives 350% Q4 Growth
Updated
Updated · Yahoo Finance · Aug 30

Micron Could Triple After Sept. 30 Earnings as AI Memory Demand Drives 350% Q4 Growth

3 articles · Updated · Yahoo Finance · Aug 30

Summary

  • Sept. 30 could mark Micron’s next rally point, with the chipmaker expected to post fiscal Q4 revenue of about $50.8 billion after the stock fell more than 20% from its all-time high.
  • AI data-center demand for DRAM and NAND has outstripped supply, lifting memory prices and fueling explosive growth after Micron’s fiscal Q3 revenue jumped to $41.5 billion from $9.3 billion a year earlier.
  • 6 times projected fiscal 2027 earnings is the key valuation argument: despite analysts forecasting another 85% revenue increase next year, the stock is still priced cheaply enough that a re-rating could support a tripling scenario.
  • The main constraint is cyclicality in memory chips, because new supply could eventually push prices down and cap how long Micron’s current profit surge lasts.

Insights

Can Micron's massive hundred-billion-dollar lockup finally break the dreaded memory cycle, or is a 2028 oversupply crash inevitable?
Will the upcoming September earnings reveal that Wall Street is dangerously mispricing the ultimate bottleneck of the AI revolution?