Micron investors focus on margins and customer supply deals ahead of earnings

  • Micron reports fiscal fourth-quarter results after Wednesday's market close.
  • TrendForce expects DRAM prices to rise 13% to 18% during the quarter.
  • Micron previously guided for about 86% gross margin, up from 84.6%.

Micron Technology is scheduled to report fiscal fourth-quarter results after Wednesday's market close, with investors assessing whether elevated memory pricing and AI infrastructure demand can support margins into fiscal 2027. Shares rose 1% in morning trading as attention turned to slowing gains in conventional memory prices, which could provide an early signal on demand outside high-bandwidth memory applications. TrendForce expects DRAM prices to rise 13% to 18% during the quarter, a slower pace than earlier in 2026. Micron previously guided for gross margin of about 86%, compared with 84.6% in the prior quarter. Investors are also watching potential additional Chinese supply, with CXMT expected to increase monthly wafer starts toward 20,000 by year-end, alongside softer PC and smartphone demand. Wall Street's latest forecast calls for adjusted earnings of $31.45 per share on $50.75 billion in revenue, while fiscal 2027 guidance, customer supply agreements, HBM shipments and capacity expansion remain central to the outlook.

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