Micron Seen Surging After June 24 Earnings as Q3 Revenue Targets Reach $34.5 Billion

3 articles · Updated · The Motley Fool · Jun 22

June 24 earnings are the next catalyst for Micron, with the chipmaker expected to extend a four-quarter streak of record revenue and potentially drive another sharp stock move.
Q3 revenue guidance is $33.5 billion and Wall Street expects $34.5 billion, while adjusted EPS is seen near $19.72 versus $1.91 a year earlier.
HBM demand underpins that outlook: Micron says its 2026 high-bandwidth memory supply is fully sold out and it can meet only 50% to two-thirds of key customer memory orders.
Analyst sentiment has also strengthened, with TD Cowen lifting its 12-month Micron price target to $1,500 from $660.
The main risk is execution and guidance—any earnings miss or hint of softer near-term demand could trigger a sell-off in the still-cyclical memory stock.

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