Micron Q2/Q3 earnings blowout & parabolic surge
Key Questions
What were Micron's Q2 earnings results?
Micron reported Q2 revenue of $23.86B, up 196% year-over-year, with EPS of $12.20. The results reflect strong demand in the AI memory sector.
What is Micron's Q3 preview guidance?
The company previewed Q3 revenue of $33.6B and EPS of $19.11. This outlook continues the strong growth trajectory driven by pricing and Nvidia demand.
How much has Micron stock gained year-to-date?
The stock has surged 165% YTD. This performance is attributed to the ongoing AI memory supercycle and favorable pricing trends.
What are the latest price targets for Micron shares?
Analyst price targets have been raised to a range of $840 to $1100. Citi notably doubled its target to $840 citing the memory supercycle.
Why is Micron considered a beneficiary of the AI supercycle?
Micron benefits from explosive demand for high-bandwidth memory used in AI infrastructure. NAND and DRAM prices have risen sharply as a result.
What did Jim Cramer say about Micron's stock potential?
Jim Cramer highlighted a path for Micron to reach a $1,000 stock price. He pointed to compelling opportunities amid the current market landscape.
How are memory chip prices trending for Micron?
NAND flash prices have risen 413% and DRAM prices 355% compared to last year. Citi expects DRAM ASPs to increase 200% YoY in 2026.
What is the status of Micron's earnings momentum?
Adjusted earnings are projected to jump 903% year-over-year. The company shows no signs of slowing as AI demand remains robust.
Q2 rev $23.86B (+196% YoY), $12.20 EPS; preview raises to $33.6B rev / $19.11 EPS. PTs lift to $840-$1100. Stock +165% YTD on pricing and Nvidia demand.