"Micron had an outstanding finish to fiscal 2025, delivering fiscal Q4 revenue, gross margin, and EPS all above the high end of our updated guidance ranges, driven by pricing execution and strong performance across end markets."
"The company reported $4.78 in earnings per share for Q1 fiscal 2026, crushing estimates of $3.94. That's a 21.32% beat. Micron has beaten analyst expectations in all four quarters of fiscal 2025, with three beats exceeding 20%."
"Micron's HBM revenue reached nearly $2 billion in Q4, putting it on an $8 billion annualized run rate. That's up from virtually nothing a year ago."
"Goldman Sachs identified a 'great memory crunch' that isn't expected to ease until at least 2028. That's giving Micron extraordinary pricing power. The company has already locked in pricing agreements with almost all customers for the vast majority of HBM3e supply in calendar 2026."
Micron's stock surged 44% year-to-date to $417.88 and 323% over the past year. Q1 fiscal 2026 EPS was $4.78 versus $3.94 estimates, a 21.32% beat, continuing four consecutive quarterly beats in fiscal 2025 with three exceeding 20%. Fiscal 2025 revenue reached $37.4 billion, up 48.8%; gross margin widened to 39.8%; net income rose 997% to $8.539 billion. High-bandwidth memory (HBM) revenue approached $2 billion in Q4, an $8 billion annualized run rate, creating a severe supply-demand imbalance and pricing power. Wall Street projects $75.9 billion revenue for the year. HBM4 samples exceeded 2.8 TB/s and 11 Gbps pin speeds.
Read at 24/7 Wall St.
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