Micron Technology

Micron beat expectations in the fourth fiscal quarter with revenue of $54.23 billion and adjusted earnings of $33.42 per share, and forecasts about $61.5 billion in revenue for the first quarter. Demand for memory for AI data centers, especially High‑Bandwidth Memory, is driving customer commitments to $32 billion and remaining performance obligations to roughly $150 billion. Micron is increasing investments (more than $250 billion in the U.S. through 2035) and expanding capacity; analyst Jordan Klein still views memory and semiconductor stocks as very cheap despite higher valuations. » Plus sur finanzen.net

Micron reported revenue of $54.2 billion and adjusted earnings per share of $33.42 for fiscal fourth quarter 2026, beating analysts' expectations. The driver is the ongoing shortage of memory chips, particularly High Bandwidth Memory for AI accelerators; the company does not see a rapid supply catch-up. Micron has signed 26 long-term supply agreements with financial commitments totaling $32 billion and is targeting revenue of $61.5 billion for the first quarter of fiscal 2027. A remaining risk is the cyclical nature of the memory market, which can sharply pressure margins if demand falls. » Plus sur finanzen.net

Micron generated adjusted free cash flow at a record level and plans to return excess funds to shareholders mainly through share buybacks. A restriction tied to CHIPS Act funding agreements expires in December, meaning buybacks could accelerate from Dec. 9. Management signals an intention for higher buybacks while Micron also plans substantial investments of about $11.5 billion in the first fiscal quarter of 2027. Analysts view the buybacks and strong cash flow as drivers for the share price, but risks remain from potential price declines and from the scope of future approvals and capacity expansion. » Plus sur finanzen.net