Micron Tops $1,000 Again as AI Memory Demand Lifts EPS to $24.67
Updated
Updated · The Motley Fool · Sep 21
Micron Tops $1,000 Again as AI Memory Demand Lifts EPS to $24.67
3 articles · Updated · The Motley Fool · Sep 21
Summary
$1,015.80 was Micron's Friday close, with shares near $1,032 Monday after rebounding from $924 a week earlier and regaining a four-figure price.
AI data-center demand has pushed memory prices higher, helping fiscal third-quarter diluted EPS jump to $24.67 from $12.07 sequentially and $1.68 a year earlier.
Revenue reached $41.5 billion and gross margin hit 84.6% in that quarter, while Micron guided fiscal fourth-quarter EPS to about $30.73, though growth is slowing from the prior quarter's pace.
A stock split remains speculative: Micron has not signaled one, last split in 2000, and its Sept. 30 earnings report would be the most likely venue if management chose to announce one.
At roughly $1.2 trillion in market value and about 6.5 times projected fiscal 2027 earnings, the bigger question for investors is whether profits can sustain the rally, not whether the share price gets divided.
With fixed-price contracts capping earnings surprises, could Micron's predictable revenue actually stall its stock momentum despite the AI memory boom?
Could persistent bottlenecks in advanced packaging delay AI infrastructure rollouts even if Micron meets its $100 billion in performance obligations?
As memory giants cut independent module makers' supply by 70% in 2026, will this structural shortage derail broader tech manufacturing?