MU MICRON ABSOLUTELY CRUSHES EARNINGS
Micron held its post-earnings gains above the short-term 20 EMA after delivering a major earnings beat.
Fiscal Q3 results
Revenue reached $41.46 billion, crushing the $33.5 billion estimate.
Adjusted EPS came in at $25.11, above expectations of $20.60.
Adjusted gross margin reached approximately 84.9%, ahead of the expected 81%.
Fiscal Q4 guidance
Micron expects revenue of $50 billion, plus or minus $1 billion, well above the estimated $42.9 billion.
Adjusted EPS is forecast at $31.00, plus or minus $1.00, compared with expectations of $25.07.
Gross margin is also expected to rise further to approximately 86%.
Micron’s results confirm that demand for AI memory and data-centre infrastructure remains exceptionally strong, while supply constraints continue to support pricing.
For Google, the report provides an important positive read-through. It supports Alphabet’s claim that demand for AI compute remains greater than available capacity and could help stabilise GOOGL around its current support zone.
However, this is mainly a sentiment tailwind rather than a direct catalyst. Tight memory supply also raises infrastructure costs for hyperscalers such as Google.
Bottom line: Micron’s earnings could help stabilise Google and the wider Nasdaq ahead of PCE. If inflation comes in near expectations, or is simply less severe than feared, Micron’s blowout could become another tailwind for the broader AI trade.
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