Overview
- Micron enters Wednesday, Sept. 30 earnings after reporting a blockbuster fiscal quarter with $41.46 billion in revenue and guiding roughly $50 billion for the current quarter.
- The company says surging demand for high‑bandwidth memory used in AI data centers is driving growth and that meaningful new industry capacity is unlikely to ease tight supply before 2028.
- Management has disclosed multiple Strategic Customer Agreements and advance commitments that give near‑term revenue visibility, including company statements citing 16 SCAs, large customer deposits and multibillion‑dollar commitments.
- Wall Street expects adjusted EPS in the low $30s and revenue around $50–51.5 billion, options traders price an about 7–8% post‑earnings swing, and analysts’ price targets range from roughly $1,520 on average to outliers near $2,000.
- What investors will watch next are the company’s forward guidance and SCA detail because they determine whether tight supply and contract volume will keep memory prices high, affect device makers’ costs, and influence capital uses such as buybacks once CHIPS Act limits end.