All articles tagged with #earnings preview
A bullish analyst has reaffirmed a $2,000 price target for Micron Technology ahead of its upcoming earnings report, despite recent mixed market reactions and a previous target reduction by Citi.
Micron Technology shares declined early Monday as investors worried about a potential slowdown in artificial intelligence spending. However, analysts suggest the drop may lower expectations ahead of the company's earnings report on Wednesday, potentially setting the stage for a positive surprise. The memory chipmaker faces a tight supply environment, with new capacity not expected until 2027, while Wall Street anticipates strong revenue driven by AI infrastructure demand.
Micron Technology outpaced the broader market rally as investors await its September 30, 2026 earnings release. Zacks Investment Research projects MU to report an EPS of about $31.45 on roughly $50.86 billion in quarterly revenue, with full-year EPS around $73.9 on revenue near $129.7 billion. MU is currently a Zacks Rank #3 (Hold), and the stock trades with a forward P/E of about 6.41 and a PEG of 0.64, suggesting a valuation gap relative to the industry. Recent estimate revisions and the market’s focus on the upcoming results could imply near-term upside pending the earnings details.
Micron shares have weakened as the memory-chip shortage persists, but rising DRAM/NAND prices and AI-server demand could provide a key earnings catalyst ahead of its report.
Broadcom guides Q3 revenue of about $29.4 billion (+84% YoY) with AI semiconductors near $16 billion (up >200% YoY); gross margin is expected to fall to about 74% due to a heavier AI-chip mix, while non‑AI semiconductors and VMware software remain growth drivers. The consensus is about $29.47 billion in revenue and $3.22 per share. AI demand from Google, Anthropic, OpenAI and Meta supports long‑term growth, but the stock faces risk from margin pressure and a rich valuation ahead of the results.
SpaceX, now a public company, is set to report Q2 results amid stock pressure and a looming insider lockup that could release up to 20% of shares. Market expectations call for about $6.81 billion in Q2 revenue with an adjusted loss of $0.24 per share and roughly $2 billion in EBITDA. Investors will focus on capital expenditures, projected to rise toward $118 billion by 2028, and the implications for debt (potentially over $218 billion by 2028). Growth drivers like Starlink and Starship remain central to the outlook, even as the stock has fallen ~30% since its debut.
IBM is set to report Q2 results after the close, with investors watching whether delayed enterprise deals shift into Q3 and whether the company can maintain more than 5% constant-currency revenue growth and about $1 billion in annual free cash flow improvement. Analysts expect management to address the Q2 revenue miss (about $17.2B) and adjusted EPS near $2.93, caused by softer software growth, weaker infrastructure revenue, and flat consulting, while updates on AI initiatives (Red Hat and watsonx) and deal pipelines will be key on the call. Options traders imply roughly a 7% move after the earnings release.
United Airlines is due to report Q2 after the bell, with UBS expecting EPS around $1.91 on 3% capacity growth and a 12.8% rise in unit revenue, while higher jet fuel costs remain the wildcard as prices have surged; management’s guidance on fuel recovery by Q4 and its fourth‑quarter capacity/revenue outlook will shape the full‑year EPS view.
TSMC is set to report its Q2 results before the U.S. market opens, with analysts expecting a sharp year‑over‑year profit rise and the company’s $165 billion in U.S. investment; the guidance will be a crucial gauge of whether AI‑chip demand can keep lifting the chip sector and whether U.S.-made chips can sustain margins against Taiwanese peers.
Micron Technology enters a pivotal earnings quarter as AI-driven demand has memory and storage chips soaring, but even a tenfold earnings surge may not prevent a post‑print selloff if results or guidance disappoint and the AI cycle proves less durable than expected.
Micron Technology is set to report fiscal Q3 results on June 24, with analysts eyeing about $35.4 billion in revenue and roughly $20.40 per share, up from prior guidance of around $33.5 billion and $19.15. The Street remains bullish as AI infrastructure demand drives high-bandwidth memory (HBM) shipments and pricing, supported by expectations of an ~81% gross margin. Investors will scrutinize whether Micron’s guidance for fiscal 2027 sustains growth amid tight memory supply across DRAM and NAND.
Benchmark analyst Mark Zgutowicz reiterates a Hold on Meta ahead of its Q1 results, noting solid execution but signaling a reset in long‑term spending as Meta trims costs (10% headcount reduction and 6,000 roles) and faces more than $750 billion in CapEx over the next five years. Meta’s AI-driven ad engine Advantage+ is contributing about $60 billion in annualized ad revenue (roughly 30% of total ad revenue), yet investors will want clarity on how these investments translate to long‑term growth and margins. Despite the spend, Wall Street shows a Strong Buy consensus with a target around $854.46 per share, implying roughly 27% upside.
Beaten-down software stocks staged a rally as AI compute demand lifts related names, with the IGV ETF up and gains in Workday, ServiceNow, AppLovin, CrowdStrike, Atlassian, Palantir and Circle; semiconductors lagged earlier but data-center and AI infrastructure plays rise on the compute boom, Intel climbs on partnerships and broader AI demand, and Goldman flags potential upside in non-software secular-growth stocks ahead of earnings.
Micron Technology is expected to report a Q2 with revenue growth around 138% and EPS growth above 450%, driven by AI-driven memory demand and firmer DRAM pricing. A potential beat seems likely, but the Q3 guidance and industry cyclicality pose risks, and at ~11x earnings the stock may require a clearer growth slowdown or entry point before investors commit.
CRM is set to report Q4 after hours on Feb 26; current options price in an about 9.6% post-earnings move as investors weigh AI monetization, margins, and cloud spend. Analysts expect around $11.19B in revenue and $3.05 per share, with guidance of $11.13–$11.23B revenue and $3.02–$3.04 EPS. A strong beat could boost Salesforce’s AI roadmap momentum, while softer guidance could spark volatility. Street consensus remains a Moderate Buy with roughly 60% upside to about $299.