Key Takeaways
- Micron Expertise is anticipated to report quarterly earnings after the closing bell Wednesday.
- Analysts surveyed by Seen Alpha anticipate the reminiscence chip maker’s income to greater than double from a 12 months in the past.
- Shares of Micron have added almost half of their worth in 2025 to this point.
Micron Expertise (MU) is slated to report fiscal third-quarter earnings after the bell Wednesday, with analysts anticipating the reminiscence chip maker’s income to greater than double from a 12 months in the past.
Analysts on common anticipate Micron to report income of $8.86 billion, up 30% year-over-year. It is projected to submit adjusted web revenue of $1.86 billion, or $1.61 per share, up from $702 million, or $0.62 per share, a 12 months earlier. In March, the Nvidia (NVDA) associate posted quarterly income that topped analysts’ expectations, thanks partly to information middle gross sales tripling on rising AI demand.
Of the 11 analysts overlaying Micron tracked by Seen Alpha, 9 have a “purchase” ranking for the inventory, alongside two “maintain” rankings, although their consensus worth goal close to $121 would recommend a slight decline from Friday’s shut at $123.60. Shares of Micron have been on a tear in latest weeks, and have added almost half of their worth in 2025 to this point.
The outcomes additionally come after Micron earlier this month introduced plans to spice up its U.S. investments to about $150 billion in reminiscence manufacturing and $50 billion in analysis and improvement. The chipmaker stated many of the cash can be used for “two modern high-volume fabs in Idaho, as much as 4 modern high-volume fabs in New York, the growth and modernization of its present manufacturing fab in Virginia,” and superior its high-bandwith reminiscence packaging capabilities.
