Finance
💾Micron's Earnings Beat Takes a Backseat to Guidance
The Rundown: Micron's fiscal Q4 earnings are expected to beat, but analysts say the stock's direction hinges on management's guidance and HBM market share.
The details:
- ●Micron expected to report ~$51B revenue and ~$31.50 EPS, but analyst Melvin highlights guidance and long-term agreements as more important.
- ●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.
Why it matters: For founders and investors, Micron's results are a bellwether for AI infrastructure spending. The guidance will signal whether the AI memory boom has legs or if oversupply is on the horizon.
📰 Source: Milk Road AI