Micron Technology's earnings report expected to show 1,000% profit growth

Micron Technology's earnings report expected to show 1,000% profit growth

Micron projects 1000% EPS growth in Q3 FY2026 ($33.5B record revenue) as HBM demand for AI infrastructure exceeds all three major suppliers' capacity. The supply crunch is durable but closing—Samsung and SK Hynix ramp HBM production aggressively, signaling vendor consolidation and margin compression for AI memory in 12–18 months.