Overview

• Micron will report fiscal third-quarter results after market close on June 25, with consensus forecasts at $1.60 adjusted EPS and $8.9 billion in revenue.
• Shares have jumped 95% since April 8 on accelerating demand for its high-bandwidth memory chips in AI applications.
• High-bandwidth memory sales rose over 50% sequentially last quarter, exceeding $1 billion in revenue even as production bottlenecks persist.
• Analysts expect adjusted gross margins to ease to 36.8% from 37.9% in Q2, putting profitability under investor scrutiny.
• Options traders are pricing in an 8% post-earnings move for Micron stock, reflecting heightened volatility expectations.