Micron (MU) to Report Q3 Earnings with 967% EPS Growth Expected

AI Summary

Micron (MU) is scheduled to report its Q3 earnings with projected earnings per share (EPS) of $20.39 on revenue of $35.5 billion, indicating a 967% increase in EPS year-over-year from $1.91. Revenue is expected to rise 281% from $9.3 billion during the same quarter last year. DRAM revenue is projected to climb 288% to $27.5 billion, and NAND revenue is anticipated at $7.7 billion, a 256% increase. Micron's adjusted gross margins could reach 81.83%, reflecting a 110% year-over-year growth. These numbers highlight the strong demand for memory chips driven by AI and data center construction.