TREE NEWS update: Micron Technology reports fiscal fourth-quarter results after the US close on September 30, with guidance of $50 billion in revenue, about 86% non-GAAP gross margin and $31.00 non-GAAP EPS. The company said its margin outlook already reflects a marked slowdown in the pace of price increases. HBM’s wafer exchange ratio, roughly 3:1 in the HBM3 era and rising with HBM4, keeps conventional DRAM and NAND supply tight.
Micron Q4 FY2026 Earnings Due Sept 30 With HBM Demand In Focus
AI take
The margin guidance is the real signal here: Micron is telling the market that the pricing tailwind is decelerating even as HBM demand stays firm, which shifts the story from cyclical upswing to mix and execution. The wafer exchange ratio matters beyond Micron — every HBM4 ramp consumes conventional DRAM and NAND capacity, keeping supply tight for the broader memory complex and, by extension, for the AI hardware supply chain that depends on it. Whether the margin trajectory holds once price growth flattens is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
Chinese Mutual Funds Log 10,613 A-Share Research Visits in October, Up 228.58%
16m ago
A-share buybacks near 2025 total as cancellation buybacks rise
21m ago
Institutions say A-share market is in early rebound phase
23m ago
Apple Falls 4% After Hours, Pulling ETF QQQ Lower
23m ago
Apple forecasts 7%-10% revenue growth for fiscal Q1, above 6.1% analyst estimate
28m ago
Apple CFO: Gross Margin Would Have Fallen Without Tariff Refunds Amid High Memory Costs