Micron Technology is projected to report consensus revenue of $34.66 billion and EPS of $19.54 on June 24, with its current stock price of $1,205.85 notably outpacing the average analyst price target of $1,091.
The singular focus for investors is the company’s High-Bandwidth Memory (HBM) supply trajectory and its ability to sustain record-breaking gross margins near 81% during the current AI infrastructure boom.
Micron’s management has confirmed that its 2026 HBM production capacity is already fully sold out, highlighting the company's shift into a structural growth phase. Recent performance reflects a massive re-rating of the stock as memory evolves from a commodity into a critical bottleneck for next-generation AI accelerators.