Micron Technology will release its financial report, with market value expected to fluctuate by over $150 billion

Micron Technology will announce its third quarter financial results after the US stock market closes on Wednesday. The market expects the stock price to fluctuate by about 14% after the financial report, corresponding to a market value change of over $150 billion. The market expects Micron's revenue to increase by 279% year-on-year to $35.3 billion, with adjusted earnings per share rising from $1.91 to $20.28. Analysts expect Micron's fourth quarter revenue to be $42.5 billion, with adjusted earnings per share of $24.80. Micron's gross profit margin for the second quarter reached 74.4%, and the company expects a gross profit margin of 81% for the third quarter. The market is concerned about the management's judgment that the tight supply of data center and AI related storage will continue beyond 2026.