# semiconductor earnings — X 热门讨论 (2026-09-30 21:53 UTC)
## @memorycowmoo (the memory cow) · 09-30 18:55 · ♥41 ↻5 💬38 Onchain does whatever it has to do. The memory cow's focus on equity traders and Memory Supercycle has never changed. Make your own decision.
All eyes in Micron earnings tonight🐮 https://t.co/P2h03K9UW7 > 引用 @MilkRoadAI: The Super Bowl of semiconductor earnings is here, $MU reports today.
Wall Street is looking for roughly $51.2 billion in revenue and $31.50- $31.60 in adjusted EPS for fiscal Q4 but I am slightly more bullish, projecting around $52.2 billion in revenue, 87.5% gross margins and $33 in EPS.
The quarter matters, but guidance matters much more. I want to see whether Micron can guide next quarter toward roughly $58 billion in revenue, margins near 88% and EPS in the high $30s. That would be another strong signal that the memory shortage and pricing cycle remain strong heading into 2027.
These are the the biggest questions I want answered.
Micron had signed 16 strategic agreements last quarter. How many more have been signed, are they getting larger or longer, and how much 2027 DRAM and HBM capacity is already committed?
How are HBM4 shipments and customer qualifications progressing? How much 2027 capacity is already sold, and what is the timeline for HBM4E?
Can demand continue growing faster than new capacity from Micron, Samsung, SK Hynix and Chinese manufacturers?
Pricing: Are customers still willing to lock in memory years in advance, and does Micron expect pricing to remain strong throughout 2027?
If free cash flow keeps growing, how much goes toward new fabs and advanced packaging versus eventually being returned through buybacks?
The bigger reason this report matters is the scale of memory demand ahead.
Nomura estimates memory demand tied to global data-center capex could increase from $107 billion in 2025 to $454 billion in 2026 and nearly $1.4 trillion by 2030 and the AI data center portion alone is forecast to grow from $106 billion in 2026 to $517 billion by 2030.
These are forecasts but they show how much memory could be required as models get larger and AI inference, agents and context windows continue scaling.
For the stock, simply beating this quarter is not enough because expectations are already extremely high.
The real test is whether Micron confirms that pricing, margins, customer commitments and AI memory demand remain strong throughout 2027. https://x.com/memorycowmoo/status/2105370955459760468
## @Sam_Badawi (Sam Badawi) · 09-30 20:03 · ♥35 ↻1 💬5 Micron - Q4 2026 Earnings $MU 1,057.76 [-0.82% AH]
✅ Revenue: $54.23B (Est: $51.13B) [+379% YoY] ✅ Adj. EPS: $33.42 (Est: $31.50) [+1,003% YoY]
Additional Metrics: ✅ Cloud Memory Revenue: $16.28B (Est: $15.14B) ✅ Automotive & Embedded Revenue: $6.82B (Est: $4.73B) ✅ Mobile & Client Revenue: $13.11B (Est: $12.95B) ✅ Adj. Gross Margin: 87.0% (Est: 86.2%) Revenue Growth: +31% QoQ EPS Growth: +33% QoQ
Q1 FY2027 Guidance: ✅ Adj. EPS: $38.15 (Est: $36.02) > 引用 @Sam_Badawi: IS DEMAND TOO STRONG TO FAIL?
Full video on YouTube in the first reply ⤵️
I recently broke down $MU and why this earnings report could tell us much more than just where Micron trades next along with $SOXX, $SNDK, and $SKHY
HBM demand, long-term agreements and supply constraints are increasingly tied to $NVDA and the broader AI infrastructure buildout, while the biggest risk remains any sign that demand is beginning to taper.
The question now is whether supply can catch demand before pricing power starts to fade. https://x.com/Sam_Badawi/status/2105388195596898554