daz999999999
10-02
$MU$  


The AI Boom demand for chips has skyrocketed ! Consider this:

Micron added about $43 billion in sales in the most recent quarter compared to the year-ago quarter. That's massive. Operating margins exploded in all business segments.

The market is forward-looking, so the race is on to predict Micron's results over the next 12 months. Don't lose sight of what this company is doing right now; that's all we're saying.

Here's how Wall Street is seeing Micron's quarter and outlook:

"While Micron again delivered a strong beat quarter and provided above-consensus F1Q27 guidance, the most important takeaway was management's indication that memory markets could be even tighter in 2028 than they are today. We believe expectations for tightening supply-demand conditions through both 2027 and 2028 meaningfully extend the industry's runway for strong pricing and earnings growth, addressing a key investor concern that current fundamentals represent a cyclical peak."

-D.A. Davidson analyst Gil Luria

"MU delivered a decisive beat-and-raise alongside a material step-up in SCA coverage, an upgraded view on supply-demand tightness, and confirmation of a near-certain capital return pivot - all drivers that we think ultimately dictate the strong multi-year earnings power narrative from here."

-JPMorgan analyst Harlan Sur

"Implications for Japanese SPE firms: FY28/27 capex guidance is for a nearly 2x increase year over year, although much of the increase is driven by fab construction. Visibility on strong WFE market growth in 2027 is improving. For memory, Micron expects supply/demand to be even tighter in 2027 and 2028 than in 2026. Sector valuations could recover as visibility on SPE market growth in 2027 improves. Ahead of Jul–Sep quarter results, we recommend KOKUSAI, which should benefit from expanding memory demand. Among the small/mid-capex, we recommend Tokyo Seimitsu and Rorze."

-Jefferies analyst Edison Lee



From Leaders to Laggards — Are Memory Stocks Waiting on Micron?
Memory gave back Wednesday what it made Tuesday: SanDisk -3.73% to $1,816.57, SK Hynix -3.12% to $189.28, Micron -2.22% to $1,071.88. Rising yields hit high-multiple assets first, and memory had run hardest. The test is next week: Micron reports after the close on Sept 30 ET, with the quarter's revenue and gross margin, HBM4 shipments, order coverage and the 2027 outlook in focus. Bulls say price hikes and locked orders predate the print, so it only confirms them; bears say prices already assume a strong 2027 — one soft notch costs more than 3%. Would a strong print end the pullback?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment