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Micron set for strong Q4 earnings on rising memory demand and AI-driven growth

Company Fundamentals
21 Sep 2026
Seeking Alpha
View Source
Bullish
Micron set for strong Q4 earnings on rising memory demand and AI-driven growth

Micron Technology is expected to report strong fourth-quarter earnings driven by robust memory demand and positive earnings per share (EPS) revisions. The company benefits from accelerating demand for AI hardware, with evidence from TSMC's 53% year-over-year revenue growth and Micron's expanding DRAM market share. Despite market concerns about memory cycles, Micron's shares trade at a low forward price-to-earnings ratio of 5.9, presenting a potential investment opportunity. Key risks include a possible medium-term oversupply of AI-optimized chips, making sustained DRAM market share critical for continued growth.

Micron Technology shares are trading at USD 1,043.46 on Pluang as of Sep 21, 2026 23:32 WIB, showing a 1-day gain of 2.72%. The company’s market capitalization stands at $1.15 trillion, reflecting strong investor interest despite concerns about memory cycles. This trading activity aligns with the news highlighting Micron's expanding DRAM market share and the growing demand for AI hardware, which supports its robust earnings outlook.

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