Micron (NASDAQ: MU) beat expectations in its last quarter, reporting adjusted EPS of $33.42 on revenue of $54.23 billion, versus Wall Street estimates of $31.72 and $51.07 billion. It guided for about $61.5 billion in sales and $38.15 adjusted EPS for the current quarter, both above consensus. Despite this, the stock has fallen roughly 25.5% since that report, amid sticky inflation, elevated bond yields, rate-hike risk and competition from Chinese memory makers. The article expects the next report in December, when a CHIPS Act restriction on buybacks lapses and Micron plans to repurchase $35.16 billion of stock, with a possible dividend increase. It argues that buying the shares amid the recent volatility could be a good move.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on aol.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Micron Stock Could Be Worth Buying Before Its Next Earnings Report
Micron's last quarterly report beat expectations, with adjusted EPS of $33.42 on revenue of $54.23 billion, and it guided the current quarter to about $61.5 billion in sales and $38.15 in adjusted EPS. Even so, the stock has fallen roughly 25.5% since that report, as investors weigh its large gains over the past year, sticky inflation, elevated bond yields, possible rate hikes and competition from Chinese memory makers. The author expects demand for Micron's HBM chips to stay strong and another report that beats guidance around December. A CHIPS Act loan restriction on buybacks is set to lapse, paving the way for about $35.16 billion in share repurchases and possibly a large dividend increase. The author argues that buying the shares amid recent volatility could be a good move.
- Micron Stock Could Be Worth Buying Before Its Next Earnings Report
Micron's last quarterly report beat expectations, with non-GAAP adjusted EPS of $33.42 on revenue of $54.23 billion. It guided for current-quarter sales of about $61.5 billion and adjusted EPS of $38.15, both above Wall Street estimates of roughly $57 billion and $35.40. Even so, the stock is down roughly 25.5% since that report, after a massive run-up over the past year, amid concerns about sticky inflation, elevated bond yields, possible further rate hikes, and competition from Chinese memory makers. The article notes that demand for HBM chips remains very high, and as the CHIPS Act buyback restriction lapses, Micron is set to buy back $35.16 billion of stock and could announce a major dividend increase in December.
- If Micron Grows At 10% a Year, Here’s What $1,000 Becomes By 2030
Micron (MU) closed at $878.84 after a 14.58% one-week decline, while fiscal 2026 revenue reached $133.19B, up 256.3% year over year. The article's model projects a base-case value of about $1,487.40 for a $1,000 investment by 2031 (a 48.74% total return), with a bear case of $849 and a bull case of $2,684.40. Supporting factors include demand expected to exceed supply in calendar 2027 and 2028, more than 75% of 2027 output already committed, and 26 strategic customer agreements with remaining performance obligations near $150 billion. Risks cited include memory's historical cyclicality, a record 87.0% non-GAAP gross margin, $30.7B in fiscal 2026 capex, and a possible strike in Taiwan. With a beta of 2.226, the article notes that price moves could be sharp.
- NVIDIA and Micron Alone Now Contribute 36% of S&P 500 Earnings Growth as Historic Market Concentration Grows
According to The Kobeissi Letter, NVIDIA and Micron are expected to account for 36% of S&P 500 earnings growth in the third-quarter reporting season, contributing 5.2 and 4.6 percentage points to expected 27% year-over-year growth. NVIDIA is expected to report revenue of $108.98 billion, up 91.2% from a year earlier, while Micron's November-quarter revenue is seen at $61.67 billion. NVIDIA's supply commitments reached $279.0 billion in fiscal Q2 2027, up sharply from $119 billion in Q1, largely for memory used in Vera Rubin production that Micron supplies. The article argues these commitments signal months ahead whether AI spending is still accelerating, while rising memory prices could compress margins. The fifteen largest S&P 500 stocks now hold a record 46.7% of the index's market value, versus 27.2% during the 2000 dot-com bubble.
- Micron and Nvidia Are the 2 Biggest Drivers of S&P 500 Earnings Growth. Are Their Stocks Buys?
FactSet lists Micron (MU) and Nvidia (NVDA) as the two biggest contributors to S&P 500 earnings growth in Q3 2026: the index's blended growth is 29%, but would be 20% without the two. Micron reported adjusted EPS of $33.42 for fiscal Q4 2026, with revenue up 379% to $54.2 billion, though its operating margin was roughly flat from the prior quarter, so future growth depends mainly on revenue. Nvidia hasn't reported fiscal Q3 yet, but its outlook points to about $108 billion in revenue, and its non-GAAP net income rose 118% to $54.0 billion in fiscal Q2 2027. Both stocks have fallen: Nvidia near $217, down 9% from its record close, and Micron near $905, about 25% below its record. Micron trades at about 12 times earnings and Nvidia about 14 times; the author argues this makes both worth buying, while noting risks from memory price cycles and slowing AI spending.
- Can Micron Stock Keep Climbing After a 10-Fold Run? Here's What Its Past Booms Say.
Micron's shares have risen about tenfold from their 2024 year-end close of roughly $84 and now sit near $903. The author argues that past Micron booms show the stock tends to fall before profits do, as earnings stayed strong for a time after prices peaked. The shares are currently 26% below their late-June closing high of $1,213.56, while GAAP earnings per share for fiscal 2026 reached $74.33 versus $7.59 the year before. Profit growth is slowing and DRAM prices are still rising but more slowly, and a price-to-earnings ratio of about 12 suggests the market doesn't expect those profits to last. The author suggests investors size positions with the risk of the next downturn in mind.
Related markets
Latest news
- Cardano holders are being asked to bet $5 million on copper hitting a new record
Toto Finance is asking Cardano's treasury for 22 million ADA, about $5 million, to buy and tokenize copper, with voting closing Nov. 15. About two-thirds of the budget would buy copper stored in a COMEX-approved warehouse for 18 to 24 months before sale, while the rest covers storage, insurance, audits and Toto's work. If the full budget is spent and ADA's dollar price stays unchanged, copper would need to rise about 49.4% for the treasury to recover its investment, and there is no guarantee the treasury gets its original ADA back. Toto could receive up to 3.36 million ADA, roughly 15% of the request, and would keep its commercial rights to its tokenized-copper business. The proposal would use just over half of Cardano's remaining withdrawal allowance, which would not be replenished under existing rules.
- Bitcoin Core changes security policy as AI makes bugs easier to find
Bitcoin Core is changing its security disclosure policy because large language models have made some flaws easy to rediscover, so long embargoes offer little protection. Under the new policy, vulnerabilities deemed easily discoverable will be fixed as soon as possible across all maintained major versions, with security advisories published alongside the updates. Other flaws will follow severity-based schedules: low-severity bugs will be disclosed two weeks after the fix is released, while medium and high-severity bugs will be disclosed two weeks after the last affected release reaches End of Life, typically a year after the fix. The change follows a volunteer Bitcoin Red Team report of nearly 5,000 potential issues across 390 projects in August, though only about a fifth had been reproduced at that point.
- Asia FX steadies as oil surge weighs on risk appetite, yen holds gains
Asian currencies and the U.S. dollar were largely subdued on Friday as investors weighed rising energy costs and geopolitical tensions, while the yen held its gains after a safe-haven rally tied to concerns over global growth and tech valuations. The U.S. Dollar Index was flat at 101.60 by 03:33 GMT, near a three-week low and on track for a second straight weekly loss. USD/JPY edged up 0.1% to 156.90 after a nearly 1% drop in the previous session, as the yen reached its highest level in more than a month. Brent crude near $114 a barrel, after a 4% jump on Thursday following attacks in Saudi Arabia, raises inflation risks for energy importers such as Japan, India and South Korea. The Indian rupee extended its losses, with USD/INR up 0.3% to 95.109, while the yuan hovered near four-year lows; the Fed is expected to hold rates at 3.75%-4.00% on October 28, with ECB and BoJ decisions due on October 29 and 30.
- Securities firm with the heaviest loss in the sector in Q3 2026 revealed
APG Securities (APG) posted a pre-tax loss of nearly 108 billion VND in Q3 2026, compared with a profit of nearly 20 billion VND a year earlier, the largest loss among securities firms that have reported Q3 results. Revenue fell 21% to nearly 69 billion VND and gains from FVTPL financial assets dropped 93%, while operating expenses rose to nearly 124 billion VND, mainly due to a 119 billion VND loss on FVTPL assets. Financial expenses rose nearly 33% to 43.5 billion VND, mostly interest costs. For the first nine months, APG recorded a pre-tax loss of nearly 105 billion VND, against a profit of over 28 billion VND a year earlier, putting its 2026 pre-tax profit target of 20 billion VND under pressure.
- IonQ vs. Rigetti Computing: Which Quantum Computing Stock Is the Better Buy?
The article compares quantum computing companies IonQ (ion-based) and Rigetti Computing (superconducting). Rigetti reported Q2 revenue of $5.1 million, up from $1.8 million in 2025, but an operating loss of $28.1 million, and held $541.3 million in cash and investments; it also received a $100 million award from the U.S. Department of Commerce. IonQ posted Q2 revenue of $80.1 million and forecasts 2026 sales of $280–290 million versus $130 million in 2025, though its Q2 operating loss widened to $337.2 million from $160.6 million, and the Elisity deal involves stock valued at up to $1.3 billion. The author judges IonQ the better investment given its consistent revenue growth, says they bought IonQ shares, and notes Rigetti's price-to-sales ratio is more than six times IonQ's.
- Hoa Binh Construction dismisses a Deputy General Director
Hoa Binh Construction (HBC) dismissed Nguyen Kinh Luan from his position as Deputy General Director effective 1 November 2026, for personal reasons, and he will remain a Board member. Earlier, on 15 September 2026, Mr. Luan resigned from all his positions at the company and related entities. Separately, on 18 September 2026, the company distributed more than 51.4 million shares to 99 creditors to swap debt of nearly VND 514.2 billion, equal to 100% of the shares issued. The swapped shares are restricted from transfer for one year and are expected to be delivered within 30 days after the issuance closes.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.