Micron earnings preview: Tight DRAM supply, HBM demand set stage for Q4 results

Micron’s Q4 results face high expectations as AI-driven memory demand, tight DRAM and HBM supply, and pricing power support growth. Investors will focus on fiscal 2027 guidance, HBM4 demand, margins, capital spending and whether the memory upcycle can sustain elevated valuations and profitability.