Micron Technology reports fiscal third quarter earnings Wednesday with its stock down 13% after rival SK Hynix flagged slowing AI chip expansion. Here is what analysts expect and why the result matters for the broader market.
Micron Technology reports earnings tonight after a 13.2% selloff sparked by a South Korean ETF unwind. With DRAM prices at record highs, an Anthropic deal just announced, and analyst targets reaching $1,550, here is what to watch.
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Cantor Fitzgerald analyst CJ Muse argues Micron's earnings cycle extends further than most expect, with a $200 EPS bull case pointing to a stock trading at just five times earnings. Fiscal Q3 results land after the close on June 24, 2026.