Micron Now Trading for 24X Next Quarter's Earnings While Growing Earnings by 900%

Micron just delivered one of it shocking report in its company history and announced a 30% increase in their quarterly dividend Micron’s guidance calls for revenue of $33.5 billion, gross margins of 81% Micron reported $1.91 in adjusted earnings last Q3 compared to its guidance for $19.15 next quarter! The explosion in AI training and inferencing and the broader push into agentic AI are driving a shortage of memory supplies, raising prices and impacting the cost of consumer and enterprise electronics. On Monday, Micron announced plans to build a second plant at a site it acquired in Taiwan in January. And in January, the company broke ground on a new $100 billion mega fabrication facility to produce memory chips in New York state to increase memory supply. Expect a supply constraint for consumers through 2028