Micron just reported earnings — and the results were hard to ignore. Revenue quadrupled, earnings rose more than tenfold, and 13 analysts have already raised their price targets, including a new street high of $2,200 from Melius Research.
On Thursday, TipRanks’ Julie Gillespie sat down with Chris Versace to break down what it all means — from Micron’s (MU) 16 long-term supply deals locking in ~$100 billion in revenue, to a CapEx forecast raised to $27 billion, to what the memory shortage timeline really looks like through 2028.
They also react to this morning’s May PCE data (headline 4.1% YoY, core 3.4%) and what it means for the Fed’s rate path — plus the Fed’s annual bank stress test results and what dividend increases from Morgan Stanley (MS), Goldman Sachs (GS), and JPMorgan (JPM) signal for the financial sector.
At the time of publication, MU was a constituent in Tematica’s EPS Diplomats model. That model is up 66% compared to 9.6% for the S&P 500. Before we reconstitute the basket for Q3 2026 next week, here’s a limited-time offer to become a subscriber.
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