Micron Technology, Inc. (MU) is set to release its fiscal second-quarter 2026 results on March 18, following a significant revenue surge driven by strong demand for memory chips. The company is forecasting revenues between $18.3 billion and $19.1 billion, compared to $13.64 billion in the previous quarter, and expects earnings per share (EPS) of $8.42, which reflects a potential year-over-year increase of 457.1%.
Analysts project this growth is primarily fueled by robust demand for dynamic random-access memory (DRAM) chips from data centers. The Zacks Consensus Estimate places sales at $19.15 billion, indicating a remarkable 137.8% annual growth. Additionally, Micron’s high-bandwidth memory (HBM) chips are in high demand, with CEO Sanjay Mehrotra noting that tight supply conditions might elevate prices moving forward.
Micron’s projected earnings suggest a strong outlook, supported by significant demand and a favorable profit margin of 28.2%, outpacing the industry average of 14.3%. The company anticipates a cumulative annual growth rate (CAGR) of 40% for the HBM market, expanding from approximately $35 billion in 2025 to around $100 billion by 2028.
