Cumulative gain exceeds 60% this year, storage giant Micron Technology will release earnings report after market close

DeepFlowTech · 2026-03-18T09:56:27+00:00

Micron Technology will announce its financial results on March 18, with expected net profit of $10.1 billion and revenue of $19.6 billion for the second fiscal quarter. Benefiting from artificial intelligence spending boosting memory demand, the stock price has already increased by over 60%. Analysts note that the current pricing environment is unlikely to last, and the company faces risks to market expectations in the future.

DeepFlowTech

2026-03-18 09:56:27

Abstract generation in progress

Deep Tide TechFlow News, March 18 — According to foreign media reports, the largest memory chip manufacturer in the United States, Micron Technology, will release its earnings report after the U.S. stock market closes on Wednesday. Based on the average expectations of surveyed economists, Micron’s net profit for the second fiscal quarter is expected to reach $10.1 billion, with revenue projected at $19.6 billion, representing year-over-year growth of 540% and 144%, respectively. Driven by massive spending in artificial intelligence computing, demand for memory and storage components has surged, causing memory chip prices to soar. Micron’s stock price has already risen over 60% this year. Hendi Susanto, portfolio manager at Gabelli Funds, stated that although this pricing environment may not last forever, all signs indicate that supply will remain tight this year and capacity will be sold out next year. Micron’s stock price may still have room to grow from its peak, with the biggest risk currently being overly high market expectations. (Jin10 Data)

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