Overview

• Analysts forecast Micron’s Q3 revenue at $8.85 billion and earnings per share of $1.61, compared to $6.81 billion in revenue and $0.62 per share a year earlier.
• The stock has climbed more than 50 percent in 2025; options pricing suggests it could swing by about 8 percent in the two days following the earnings release.
• High-bandwidth memory sales surged over 50 percent sequentially last quarter, surpassing $1 billion and highlighting demand for AI infrastructure chips.
• Micron is expanding its HBM manufacturing capacity through 2026, and the company plans to invest approximately $150 billion in U.S. memory production plus $50 billion in research and development.
• Analysts from Rosenblatt to UBS have maintained buy or outperform ratings and lifted price targets this month, citing the company’s consistent record of beating earnings forecasts.