Micron Technology is scheduled to report fourth-quarter earnings on September 30. FactSet consensus expects earnings per share to rise 940% year over year. Analysts attribute the forecast growth to the AI boom, which is boosting demand and prices for memory chips, particularly high-bandwidth memory (HBM).
Wedbush reiterated its outperform rating and $1,400 price target. UBS also expects Micron to surpass market expectations, citing rising storage chip prices.
Investors will look for signs that Micron can sustain strong demand and pricing advantages amid the AI super cycle.