Markets· August 17, 2026 at 09:56 a.m.
Bank of America Predicts Micron's Earnings to Explode by 34% Annually Due to AI Demand
Key takeaways
- Micron's DRAM revenue surged 343% year over year
- Micron generated $41.46 billion of revenue and an 85% gross margin in fiscal Q3 2026
- Bank of America projects Micron could reach $236 EPS by fiscal 2030
Investment bank Bank of America has projected that Micron Technology could reach an earnings per share (EPS) of $236 by fiscal 2030, representing a 34% annual growth rate. This projection is based on the bank's belief that the ongoing AI memory boom will extend longer than skeptical investors expect, making Micron undervalued at its current trading price of roughly 6x forward earnings.
