Micron Projects Q2 Revenue of $18.3–19.1B on HBM Chip Demand
Micron projects fiscal Q2 revenues of $18.3–19.1 billion, up from $13.64 billion in Q1, driven by high-bandwidth memory chip demand outpacing supply. With a 28.2% net profit margin and 19% debt-to-equity ratio versus Oracle’s 25.3% margin and 328.3% leverage, Micron earns a Zacks Rank #1 strong buy.
1. Rising HBM Chip Demand
High-bandwidth memory chips are seeing robust uptake from AI hyperscalers and data centers, with supply constraints boosting pricing power and supporting margin gains for Micron.
2. Fiscal Q2 Revenue Guidance
Management forecasts fiscal second-quarter revenue of $18.3–19.1 billion, up from $13.64 billion in the prior quarter, reflecting seasonal demand trends and inventory restocking ahead of AI infrastructure buildouts.
3. Financial Strength and Ranking
Micron’s net profit margin stands at 28.2% and debt-to-equity ratio at 19%, well below Oracle’s 328.3%, earning Micron a Zacks Rank #1 strong buy designation.