Micron Wins Strong Buy Calls After $41.46 Billion Quarter as Stock Nears $1.3 Trillion
Updated
Updated · The Motley Fool · Jun 30
Micron Wins Strong Buy Calls After $41.46 Billion Quarter as Stock Nears $1.3 Trillion
3 articles · Updated · The Motley Fool · Jun 30
Summary
$41.46 billion in fiscal third-quarter revenue and $25.11 EPS pushed Micron to a new all-time high and triggered roughly two dozen analyst upgrades or new ratings, with no major downgrades.
Revenue jumped nearly 350% from a year earlier and 74% sequentially, driven by data-center demand now running above a $100 billion annualized pace; Micron guided for $50 billion revenue and $31 EPS next quarter.
Sixteen new strategic customer agreements added $22 billion in deposits and commitments, and 14 of them carry about $100 billion in cumulative revenue potential over five years through 2030.
Wall Street's bullishness also reflects Micron's core products being effectively sold out through at least 2027, giving the company unusual revenue visibility as it expands capacity.
Even after a 700%-plus run over the past year, Micron trades at about 11 times projected fiscal 2027 earnings, though that case still depends on AI spending and pricing power holding up.