Micron earnings set the next test for AI-memory demand

Micron's September 30 report is the next major AI-infrastructure catalyst. A recent earnings preview projects approximately 938% EPS growth and 348.6% revenue growth, highlighting extreme expectations; investors must test those estimates against HBM volumes and pricing, HBM4, 2027 capacity commitments, margins, capex, guidance, cash flow, valuation, and peak-margin risk.