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Up more than 60% this year, storage giant Micron Technology will release its earnings report after the market close.

Up more than 60% this year, storage giant Micron Technology will release its earnings report after the market close.

格隆汇格隆汇2026/03/18 09:59
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格隆汇 March 18|Micron Technology, the largest memory chip manufacturer in the United States, will release its financial report after the US stock market closes on Wednesday. According to the average expectations of surveyed economists, Micron Technology's net profit for the second fiscal quarter is expected to reach 10.1 billions USD, and revenue is expected to reach 19.6 billions USD, representing year-on-year growth of 540% and 144%, respectively. Driven by massive spending in the artificial intelligence computing sector, demand for memory and storage components has surged, causing memory chip prices to soar. Micron Technology's stock price has risen more than 60% so far this year. Hendi Susanto, portfolio manager at Gabelli Funds, stated that although this pricing environment will not last forever, various signs indicate that supply will be tight this year and capacity will be sold out next year. Micron Technology's stock price may still have room to reach its peak, but the biggest risk at present lies in the market's overly high expectations.
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