# HBM demand — X 热门讨论 (2026-09-30 19:10 UTC)
## @Sam_Badawi (Sam Badawi) · 09-30 16:52 · ♥32 ↻4 💬10 I recently sat down with Jenny from Binance Square to break down $MU earnings, and with a beat already largely priced in, I’m looking for more than just the headline numbers.
The bar is $51.3B in revenue and 85% gross margins, but as I mentioned during the interview, the biggest factor is guidance above $57.4B for next quarter, continued HBM strength, and commentary showing memory supply remains tight relative to demand.
The flow is active into the print too, with GEXStream showing +$38.3M in net options premium and heavy call positioning. > 引用 @thegexstream: $MU reports earnings after the close today, with Wall Street expecting $51.3B in revenue and $31.72 in adjusted EPS as AI memory demand remains the focus.
Ahead of the print, GEXStream shows +$38.3M in net options premium with call OI concentrated at $1,100. https://t.co/C4X98M4P4x https://x.com/Sam_Badawi/status/2105340075496407313
## @damnang2 (Damnang) · 09-30 18:30 · ♥39 ↻1 💬6 A lot of people seem to expect $MU to sell off after earnings. Maybe the concern is that, despite the bullish memory cycle, expectations have simply run too far ahead and will be difficult to beat.
But if Micron can show that HBM demand is still outrunning supply, pricing power is holding, and 2027 visibility is getting stronger rather than weaker, the market may have to raise the bar again.
Let’s see if Micron can surprise the market. I’m looking forward to this one. https://x.com/damnang2/status/2105364790940250180