TechFlow News, June 09: Goldman Sachs published a report forecasting that ongoing market tightness will drive Micron’s performance significantly above both market consensus and the company’s guidance. The firm previously upgraded its overall industry outlook and expects the tightness to persist throughout fiscal year 2027, supporting higher pricing and margins across the industry. Given the substantial share price appreciation and potential optimism stemming from long-term customer agreements, investor positioning remains highly positive.
Goldman Sachs expects Micron’s third fiscal quarter (ended May 31) revenue to be approximately 9% above market consensus, and anticipates a significant sequential revenue increase for the fiscal year-end quarter (ending August 31), driven by upward pricing momentum. The firm forecasts revenue, gross margin, and earnings per share (EPS) for the prior quarter at $37.6 billion, 83.4%, and $22.07, respectively—compared to market consensus of $34.4 billion, 81.9%, and $19.74. For fiscal year 2026, Goldman Sachs’ revenue and EPS estimates for Micron are 30% and 36% above market consensus, respectively. Goldman Sachs raised its target price for Micron from $400 to $900, maintaining a “Neutral” rating. (Jinshi)
