Micron is set to report its fiscal Q4 results on Tuesday, with analysts anticipating a significant rebound in profit and sales.
Why it matters: Micron’s stock has more than doubled in 2025 as markets respond to rising AI memory demand and tighter industry supply. To sustain this rally, Micron needs to surpass the projected headline numbers and provide forward guidance indicating continued strength in DRAM/NAND.
The details:
- Analysts expect Micron to report Q4 revenue of $11.22 billion, up from $7.75 billion in last year’s Q4.
- The company has beaten analyst estimates for revenue in nine straight quarters.
- Analysts also expect Micron to report Q4 earnings per share (EPS) of $2.86, up from $1.18 in last year’s Q4.
- Micron has exceeded EPS estimates in six straight quarters and in eight of the last ten quarters overall.
In their Q3 report, Micron set records with revenue up 37% year-over-year, driven by several products and segments, notably the data center segment.
What they’re saying:
- “The key fundamental catalyst is an increase in data storage, eSSD centric demand emanating from key hyperscaler customers,” said Stifel analyst Brian Chin, who maintained a Buy rating on Micron and raised the price target from $145 to $173.
- “We are not expecting much upside to the $11.2 billion revenue number or the EPS of $2.85 that the company guided to,” said Piper Sandler analyst Harsh Kumar, who maintained an Overweight rating on Micron with a $165 price target.
- “There is much to be optimistic about heading into Tuesday’s numbers,” said Freedom Capital Markets Chief Market Strategist Jay Woods in a weekly newsletter.
What to watch: Investors and analysts will closely watch the data center segment during the Q4 results, along with other growth areas. Additionally, guidance for future periods will be crucial. A beat and strong forward guidance could further boost shares.
