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Q: Micron is expected to report ~$51B revenue and ~$31.50 EPS, but analyst Melvin thinks guidance and l

Micron is expected to report ~$51B revenue and ~$31.50 EPS, but analyst Melvin thinks guidance and long-term agreements matter more than the beat.

Q: Melvin wants next-quarter guidance around $58B revenue, 88% gross margins, and high-$30s EPS, plus u

Melvin wants next-quarter guidance around $58B revenue, 88% gross margins, and high-$30s EPS, plus updates on long-term deals and HBM market share.

Q: Demand for DRAM and HBM from AI hardware is strong, but new supply from Samsung, SK Hynix, and Chine

Demand for DRAM and HBM from AI hardware is strong, but new supply from Samsung, SK Hynix, and Chinese makers is the biggest risk.

·Wednesday, September 30, 2026·4 min read

Finance AI/ML

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AI Summary

Micron reports fiscal Q4 earnings, with Wall Street expecting ~$51B revenue and ~$31.50 EPS. AI analyst Melvin expects another beat but says the stock's direction depends on management's guidance, long-term supply agreements, and HBM market share commentary.

Key Facts

✓Micron is expected to report ~$51B revenue and ~$31.50 EPS, but analyst Melvin thinks guidance and long-term agreements matter more than the beat.

✓Melvin wants next-quarter guidance around $58B revenue, 88% gross margins, and high-$30s EPS, plus updates on long-term deals and HBM market share.

✓Demand for DRAM and HBM from AI hardware is strong, but new supply from Samsung, SK Hynix, and Chinese makers is the biggest risk.

Author Takes

Neutral

Micron earnings

Micron will likely beat but the stock direction after earnings is a coin toss; guidance and comments on supply and long-term deals are more important than the quarterly numbers.

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