Micron Stock Surges to Record Highs Ahead of Earnings Report

Micron Technology’s shares are reaching unprecedented levels, fueled by soaring demand for artificial intelligence infrastructure and a significantly improved financial outlook. As the memory chip manufacturer approaches its September 23rd earnings release, investors are questioning whether the company can meet the market’s elevated expectations.

The current upward trajectory began with a dramatic August 11th announcement, when Micron substantially raised its fourth-quarter projections. The company now anticipates revenue of approximately $11.2 billion (±$100 million), representing a substantial $500 million increase over previous guidance of $10.7 billion (±$300 million).

Even more impressive was the boost to profitability expectations. Micron raised its earnings per share forecast from $2.50 (±$0.15) to $2.85 (±$0.07), while simultaneously increasing margin expectations to 44.5%. Company leadership attributed these improvements to stronger DRAM pricing and enhanced... Read more...