Overview
- Fiscal Q1 revenue reached a record $13.64 billion with adjusted EPS of $4.78, topping consensus and reflecting surging AI-driven demand.
- Shares climbed roughly 5% to 6% in after-hours trading following the beat and the much stronger-than-expected guidance.
- Micron reported HBM supply is fully booked through 2025 and 2026 and began shipping 12‑layer HBM3E for Nvidia’s Blackwell Ultra after qualification.
- Multiple firms including Wedbush, Needham, Stifel, Citi, and Rosenblatt recently lifted price targets to about $300, while options pricing pointed to roughly a 9% post‑earnings move.
- The company is exiting its Crucial consumer brand to focus capacity on higher‑margin data‑center products, though analysts continue to flag memory’s cyclicality and competition from SK Hynix and Samsung.