Micron earnings report set for June 24, profit growth near 1,000% - Crypto Briefing

Micron Technology is set to report its Q3 2026 earnings on June 24, with analysts forecasting nearly 1,000% year-over-year profit growth. Earnings per share are expected to reach $19.72, up from $1.91... Read original →

Micron’s near-10x profit surge stems not from cyclical recovery but from a structural shift in AI memory architecture. HBM3E and upcoming HBM4 demand advanced 3D stacking, TSV, and EUV—raising barriers to entry so high that only three players remain. This forces AI chipmakers to absorb higher BOM costs or redesign SoCs, while boosting orders for ASML and Applied Materials. U.S. export controls temporarily shield Micron’s pricing power but accelerate China’s HBM ecosystem: CXMT and SMIC are co-developing hybrid bonding tech, potentially disrupting the oligopoly by 2027. Samsung and SK Hynix will likely avoid price wars, instead locking in Nvidia/AMD partnerships and racing for HBM4 standard dominance. If Micron’s Q4 guidance falters, its $1T valuation collapses; if sustained, HBM could become the second memory segment after DRAM with permanent premium pricing—rewriting semiconductor capex logic.