Back to today’s briefing

Story perspectives

Micron Set for AI-Driven Q3 Earnings Test June 24

6/22/2026

31 5 Full Breakdown

Summary

Micron Reports Q3

Micron Technology will report its fiscal Q3 earnings on June 24, 2026, a key test for the AI-driven rally.
The stock closed at $1,133.99 on June 21, 2026, up 8.7% and reflecting a 298% year-to-date gain.
Analysts forecast Q3 revenue of $34.5-$35.4 billion, EPS of $19.7-$20.5 and gross margin near 81%.
Investors will watch high-bandwidth memory supply and Micron’s status as an approved HBM4 supplier for NVIDIA’s Vera Rubin line.

Summary

Micron Price Surge

UBS lifted Micron’s price target to $1,625, a 204% jump.
Deutsche Bank and TD Cowen set targets near $1,500 for Micron.
Idaho, New York and Singapore fabs will ship volume by mid-2027, 2028-2030 and H2 2028 respectively.
HBM4 ramps twice as fast as HBM3, with Micron using 1-gamma DRAM for HBM4E on TSMC dies.

History

Historical Context

After NVIDIA introduced the Volta architecture in 2017, its DGX-1 servers shipped with HBM2-equipped V100 GPUs delivering up to 960 TFLOPS, establishing high-bandwidth memory as a standard for AI workloads. Building on that shift, Micron announced a 2026 launch of HBM4 chips, aiming to extend the same performance boost to next-generation data-center accelerators.

1 of 3

Micron Reports Q3

Micron Technology will report its fiscal Q3 earnings on June 24, 2026, a key test for the AI-driven rally.
The stock closed at $1,133.99 on June 21, 2026, up 8.7% and reflecting a 298% year-to-date gain.
Analysts forecast Q3 revenue of $34.5-$35.4 billion, EPS of $19.7-$20.5 and gross margin near 81%.
Investors will watch high-bandwidth memory supply and Micron’s status as an approved HBM4 supplier for NVIDIA’s Vera Rubin line.

1 / 3