Micron is set to report fiscal 2026 fourth-quarter earnings next week, with investors focused on the durability of the memory shortage, the company’s current-quarter revenue outlook and the production timeline for Nvidia’s next-generation AI chip platform. LSEG analysts expect earnings per share of $31.49 on revenue of $50.9 billion, but market attention is likely to center on supply-demand conditions, future demand and capital returns rather than quarterly results alone. Artificial-intelligence demand has pushed demand for DRAM, high bandwidth memory and NAND flash above supply, lifting Micron shares nearly 280% this year. UBS says the supply gap could widen into calendar 2027, while Wells Fargo is focused on strategic customer agreements covering roughly 40% of revenue with minimum pricing commitments. Micron’s shares remain more than 10% below a June 25 record close of about $1,213. The CNBC Investing Club has a buy rating on Micron, and Jim Cramer has backed the stock while calling for potential buybacks after CHIPS Act grant restrictions expire in December. UBS, Wells Fargo and Citi have highlighted the company’s outlook, with price targets of $1,625, $1,400 and $1,300, respectively.