Micron reported Q4 FY25 revenue of $11.32B and EPS of $3.03, with street expectations for Q4 FY26 reaching $50.8B revenue and $31 EPS, representing growth of 349% and 927% respectively. AI-driven HBM demand and supply constraints are fueling a memory supercycle, positioning Micron as a leading AI infrastructure beneficiary.
Samsung Electronics plans to more than double its HBM4 and HBM4E high-bandwidth memory chip output next year by increasing glass carrier production 2.5 times, with HBM4 family chips expected to grow from 40% to 80% of its HBM product mix as mass production of HBM4E ramps up.
Two X posts discuss HBM (high-bandwidth memory) demand and semiconductor earnings. The first analyzes SK Hynix and Samsung's HBM market positions, with JPMorgan raising 2027 ASP growth forecasts to 64% and projecting Samsung's HBM revenue share to grow from 20% to 39% by 2027, while citing currency headwinds and shareholder return concerns. The second post questions Intel Q3 2026 consensus estimates, noting strong data center AI demand but constrained supply and potential PC softness.
A social media discussion suggests CPU demand may grow faster than other data center components, driven by agentic AI workloads, with one user predicting parabolic CPU demand growth.
Samsung Electronics plans to at least double HBM4 and HBM4E production next year, increasing glass carrier outsourcing from 20,000 to 50,000 units monthly. The company began HBM4 mass production in February and provided HBM4E samples to customers including Nvidia in May, with industry forecasts suggesting HBM production will grow nearly 40% and the HBM4 family share will rise to about 80% of the mix.
Citi projects memory undersupply through 2031 driven by AI continual learning, which would increase demand across Micron's HBM, server DRAM, and SSD products rather than concentrating on accelerator-attached HBM alone. This extended shortage timeline could allow Micron's new fabrication capacity arriving later this decade to operate in undersupplied markets longer before supply normalizes.
Citi projects HBM (high-bandwidth memory) demand will surge from 736 units in 2021 to 126,990 by 2028, with Nvidia remaining the largest consumer at roughly 32% of total demand. Broadcom, Google, AMD, and AWS are also scaling rapidly, while HBM4 and HBM4e technologies drive the market growth through 2027-2028.
An investor analyzes Micron (MU) versus SanDisk (SNDK) as memory chip plays in the AI boom. MU offers broader exposure across HBM, DRAM, and NAND with $414.6B quarterly revenue and strong data center margins, while SNDK focuses on NAND/SSD with $89.65B revenue and 372% YoY growth. The choice depends on whether HBM or NAND will drive the next phase of memory profits.
Micron stock rebounds above $1000 as RBC raises Q3 DRAM price expectations to over 20% quarter-over-quarter growth, citing strong HBM demand and constrained EUV equipment supply.