Micron Reports Its Biggest Quarter in History Tonight. Analysts Are Calling for 998% Earnings Growth. - Money Morning

Micron Technology is set to report its largest quarterly earnings in history, with analysts forecasting a 279% year-over-year revenue growth to $35 billion and an EPS of $20.28, up nearly 998% from th... Read original →

Micron’s record quarter marks the inflection point of AI memory demand, not a one-off surge. The imminent ramp of HBM4 will force NVIDIA and others to redesign GPU memory subsystems, while pulling TSMC’s CoWoS packaging capacity deeper into the HBM orbit—creating a bandwidth-compute-packaging tech cascade. Geopolitically, U.S. export controls raise Micron’s compliance costs in China, yet its strategic shift of HBM production to Japan and the U.S. bolsters supply chain security. In response, Samsung and SK Hynix are racing to improve HBM3E yields, but Micron’s $5B capex hike signals intent to lock in a generational lead—likely ceding HBM4 standard-setting power to the U.S. Over the next 18 months, AI server memory bit demand will grow >60% CAGR, securing Micron’s near-term dominance, though a slowdown in global AI capex could trigger inventory corrections by late 2027.