Micron Sees Record Revenue Ahead of Q3 Earnings

Goldman Sachs Research has released a report on Micron Technology's quarterly performance. The firm estimates that Micron's revenue for the current quarter will be $51.9 billion, exceeding market consensus of $50.5 billion.

The gross margin is expected to reach 87.3%, while earnings per share (EPS) are projected at $32.54, both surpassing market expectations.

Grossman's analyst James Schneider notes that investors are focused on Strategic Customer Agreements (SCAs), capital return plans, and HBM4 product trends.

Goldman Sachs also forecasts Micron's November quarter guidance to be higher than consensus, with revenue expected to reach $57.7 billion and gross margin at 88.1%.