Micron Technology shares have climbed 256% year-to-date. Unprecedented demand for high-bandwidth memory (HBM) in AI data centers drives the stock's performance. Analysts forecast current quarter revenue will grow 348.6% year-over-year.
The company has surpassed consensus EPS and revenue estimates for four consecutive quarters. Analysts increased fiscal 2027 EPS estimates by 50% within the last 90 days. Sustained demand for AI memory is expected to support elevated pricing and high profit margins.