Micron Hits 75% Gross Margins, Begins HBM4 Production; Analysts Project $105 EPS by FY27
MU has more than doubled off its 52-week low of $92.22.
Summary
Micron reported exceptionally high 75% gross margins, driven by strong AI data-center demand. The company has also started production of its next-generation HBM4 memory chips. This follows recent news of Micron's HBM supply being fully sold out for 2026 and the company surpassing a $1 trillion market cap. Analysts are now projecting an adjusted EPS of $105 by fiscal 2027, indicating massive future profitability and making the current 8.4x forward P/E ratio appear significantly undervalued.
At the time of this announcement, MU was trading at $935.59 on NASDAQ in the Technology sector, with a market capitalization of approximately $1T. The 52-week trading range was $92.22 to $956.16. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.