|

Micron earnings loom: How expectations have evolved

It’s been a great year for the market, particularly so for Micron (MU - Free Report) , reflecting one of the top-performing S&P 500 stocks of 2026 so far.

The company is on deck to report earnings results in the coming days, reflecting one of the most notable releases we’ll see until the big banks come out with quarterly results in mid-July. Given its upcoming release, let’s take a closer look at estimates heading into the print.

Micron maintains momentum

Micron (MU - Free Report) is a world leader in memory and storage solutions, specifically concerning the DRAM market. It continues to sport a bullish Zacks Rank #1 (Strong Buy), with EPS revisions rising across many near-term timeframes, inlcuding for the soon-to-be reported quarter.  

Chart

Image Source: Zacks Investment Research

Micron’s revenue expectations have similarly moved in a bullish fashion over recent months, with the company expected to see 270% sales growth on 930% higher earnings. The continued AI frenzy fully explains the outsized growth rates, with companies clamoring for memory solutions during the AI buildout.

Below is a chart illustrating how sales revisions for the upcoming quarter have evolved over recent months.

Chart

Image Source: Zacks Investment Research

Bottom line

Micron (MU - Free Report) will be reporting its next set of earnings results soon, with the release reflecting one of the most important overall given the current excitement around AI. Huge growth is again expected for the high-flying stock, underpinned by red-hot demand for its memory solutions.


Want the latest recommendations from Zacks Investment Research? Download 7 Best Stocks for the Next 30 Days. Click to get this free report

Author

Zacks

Zacks

Zacks Investment Research

Zacks Investment Research provides unbiased investment research and tools to help individuals and institutional investors make confident investing decisions. 

More from Zacks
Share:

Editor's Picks

GBP/USD bounces off lows, back above 1.3200

After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now.

EUR/USD looks consolidative around 1.1460

EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained.

Gold slips back to six-day lows, targets $4,100

Gold retreats for the third consecutive day on Friday, eroding gains seen in the first half of the week and approaching the key $4,100 mark per troy ounce. Indeed, the precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the next round of US-Iran negotiations.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

The Iran war didn't break the US economy, but what happens next?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.