Micron Technology’s stock advanced ahead of Monday’s opening session, reflecting rising anticipation for its fiscal third-quarter earnings due this week. Investors are positioning ahead of the report, driven by optimism over robust AI-related memory demand, constrained supply, and expectations for higher profitability in the semiconductor sector.
As of 17.25 (GMT+7) on Monday, Micron shares traded at $1,174.87, marking a gain of $40.88 or 3.60%, from Thursday’s closing price of $1,133.99, up 8.70% before the Juneteenth holiday on Friday.
Investor sentiment extended beyond U.S. markets, as seen in the performance of Thai Depositary Receipts linked to Micron. The MICRON01 issued by Bualuang Securities gained 4.78% to reach THB 24.10. InnovestX Securities’ MICRON 23 advanced 8.39% to THB 7.75, while the MICRON80 from KTB rose 2.65% to THB 38.75 during Monday’s trading in Thailand.
Analyst expectations have inched above Micron’s earlier projections. The company’s March guidance for non-GAAP earnings per share in fiscal Q3 set a range of $18.75 to $19.55, with a midpoint at $19.15. However, consensus estimates compiled by LSEG call for EPS of $20.51 for the quarter ended in May, surpassing Micron’s highest estimate by $0.96.
Revenue forecasts are also trending above initial guidance. Micron projected fiscal Q3 revenue between $32.75 billion and $34.25 billion, but LSEG estimates are now pointing to $35.4 billion. The company’s prior quarter results included revenue of $23.86 billion, net income on a GAAP basis of $13.79 billion, non-GAAP EPS of $12.20, and adjusted free cash flow of $6.9 billion.
Market expectations are very high. A simple beat is not going to cut it for Micron. The earnings report is scheduled to be released on June 24, 2026.
