Micron's financial report will test the AI storage bull market, with market expectations of market value fluctuations exceeding $150 billion BlockBeats News: On June 24th, Micron Technology (MU. O) will announce its third quarter financial results after the US stock market closes on Wednesday. Before the release of the financial report, Micron's stock price had risen more than 7 times in the past year, with a market value exceeding $1 trillion. The market expects Micron's stock price to fluctuate by about 14% after its financial report, corresponding to a market value change of over $150 billion. The main reason for this round of gains is the severe shortage of storage chips driven by AI demand, which has led to a collective strengthening of storage stocks such as Micron, Samsung, and SK Hynix. As of May in the third fiscal quarter, the market unanimously expects Micron's revenue to increase by 279% year-on-year to $35.3 billion, and adjusted earnings per share to rise from $1.91 to $20.28. Due to the rapid growth rate of the company, investors may not only focus on the performance of the completed quarter, but also on the guidance for the fourth fiscal quarter. Analysts currently expect Micron's fourth quarter revenue to be $42.5 billion, with adjusted earnings per share of $24.80. If the company provides significantly unexpected guidance again, the stock price may still continue to rise; But at the current valuation level, any key indicator that falls short of expectations may also trigger a significant pullback. Profit margin is also a core variable. Micron's gross profit margin for the second quarter reached 74.4%, higher than the same period last year's 36.8% and the first quarter's 56%. The company had previously expected a gross profit margin of 81% for the third quarter. If the gross profit margin continues to rise in the fourth quarter, it will mean that the storage pricing environment is still strengthening. In addition, the market will pay attention to whether the management will continue their judgment that the tight supply of data center and AI related storage will continue beyond 2026. Previously, Micron stated that for some key customers, the company can only meet 50% to two-thirds of their needs in the medium term. [Original link]