Micron Q2 beat — hyperscaler HBM demand
Key Questions
What were Micron's (MU) Q2 earnings results?
MU reported Q2 revenue of $23.86B, up 196%, with EPS $12.20. Q3 guidance at $33.5B, capex $25B. Hyperscaler HBM demand drove the beat.
Why are analysts bullish on Micron post-earnings?
Wells/SA upgrades with FY26 PT $470-670 due to soldout HBM and DRAM strength. Echoes Samsung/SK hynix AI memory surge. Storage peers MU/STX +3-8%.
How does MU compare to semis vol and TSLA?
MU leads amid AI memory surge vs broader semis volatility and TSLA delivery miss. Storage concept stocks rose on April 6. Hyperscaler demand key differentiator.
What is the context for Q1/Q2 2026 earnings season?
S&P 500 expected YoY growth; MU's beat highlights AI-driven strength. Wall Street watches closely for performance insights. High stakes for 13% growth target.
Are storage stocks like MU and STX gaining traction?
U.S. storage stocks rose April 6, with MU/STX up 3-8% on DRAM/HDD strength. AI demand from hyperscalers fuels this vs market vol. Analyst pumps brakes on some but bullish on memory.
Q2 $23.86B+196%/$12.20EPS Q3$33.5B soldout capex$25B FY26 $470-670PT Wells/SA $550PT Zacks#1; AI DRAM/HDD surge STX+ ties NVDA/AVGO infra boom.