Micron's Adjusted EPS Surges Nearly 1,000% for May Quarter, Hit by AI Memory Demand

According to FactSet data, Micron Technology's adjusted earnings per share (EPS) for the quarter ended May 31, 2026 is expected to reach $20.57, surging nearly 1,000% year-over-year. Multiple analysts, including Morningstar's William Kerwin and Stifel's Brian Chin, anticipate the actual results will exceed market consensus, driven by tight memory chip supplies pushing prices sharply higher.

Market estimates project Micron's full-year 2027 net profit at $136.7 billion, approaching the profit forecasts for tech giants like Apple and Amazon. Analysts note that memory supply shortages will likely persist for 12 to 18 months before new production capacity relieves constraints, supporting sustained pricing strength in high-bandwidth memory (HBM) essential for AI applications.