What Analysts Consider Micron Inventory Forward of Earnings

Micron Know-how (MU) is slated to report fiscal third-quarter earnings after the bell Wednesday, with analysts anticipating the reminiscence chip maker’s income to greater than double from a 12 months in the past.

Analysts on common count on Micron to report income of $8.86 billion, up 30% year-over-year. It is projected to submit adjusted web earnings of $1.86 billion, or $1.61 per share, up from $702 million, or $0.62 per share, a 12 months earlier. In March, the Nvidia (NVDA) accomplice posted quarterly income that topped analysts’ expectations, thanks partly to information heart gross sales tripling on rising AI demand.

Of the 11 analysts overlaying Micron tracked by Seen Alpha, 9 have a “purchase” score for the inventory, alongside two “maintain” rankings, although their consensus worth goal close to $121 would recommend a slight decline from Friday’s shut at $123.60. Shares of Micron have been on a tear in latest weeks, and have added practically half of their worth in 2025 to date.

The outcomes additionally come after Micron earlier this month introduced plans to increase its U.S. investments to about $150 billion in reminiscence manufacturing and $50 billion in analysis and growth. The chipmaker stated a lot of the cash could be used for “two modern high-volume fabs in Idaho, as much as 4 modern high-volume fabs in New York, the growth and modernization of its present manufacturing fab in Virginia,” and superior its high-bandwith reminiscence packaging capabilities.