Micron Technology

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. » Altro su 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. » Altro su finanzen.net

Micron reported fourth-quarter revenue of $54.23 billion and adjusted earnings of $33.42 per share, beating expectations. The company expects about $61.5 billion in revenue next quarter and plans extensive investments and new production facilities in the U.S. and Japan; first wafers from the new capacity are expected by mid‑2027. Customer commitments from long‑term supply contracts rose to $32 billion, underscoring tight memory supply driven by AI demand. Mizuho analyst Jordan Klein still views memory and semiconductor stocks as very attractively valued and expects accelerated free cash flow amid continued supply shortages. » Altro su finanzen.net