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Nvidia and SK Hynix's comments suggest strong outlook for Micron Technology
Nvidia stated in its fiscal 2027 second-quarter results last month that memory price hikes are here to stay, expecting margin pressure due to higher component costs. South Korean memory giant SK Hynix anticipates the memory shortage to worsen next year, with demand potentially outstripping supply beyond 2030. Consensus estimates project Micron's fiscal 2027 revenue to grow by 88% to $244.5 billion, and earnings per share to jump by 112% to $156.07. Micron Technology is set to release its fiscal 2026 fourth-quarter results on September 30.
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