[{"data":1,"prerenderedAt":340},["ShallowReactive",2],{"triple-beat-MU":3},{"ticker":4,"name":5,"description":6,"epsLabel":7,"guidanceLabel":8,"stockLabel":9,"quarters":10,"tableNotes":284,"highlightQuarter":243,"highlightDescription":291,"sources":292,"latestStock":338},"MU","Micron Technology","DRAM・NANDフラッシュメモリの世界3強の一角。HBM（高帯域メモリ）需要爆発でAIデータセンター向け売上が急拡大した転換ストーリー。Q2 FY25 (2025/3) はガイダンスがコンセンサスを+3.5%上回ったが株価-8.0%と「材料出尽くし」の様相だったが、Q4 FY25 (2025/9) 以降コンセンサスを毎期15〜20%以上の幅でビートに転じ、株価は2025/9 $161.71 → 2026/3 $444.27で約2.7倍に化けた。ガイダンスの連続大幅上振れが「構造転換」のシグナルだったパターンの典型例。","EPS ($, 非GAAP 希薄化後)","次Q売上ガイド (midpoint, $B)","株価反応 ($)",[11,37,63,89,113,138,164,190,216,242,268],{"quarter":12,"reportDate":13,"event":14,"revenue":15,"eps":20,"guidance":24,"stock":33},"Q2 FY24","2024/3/20","メモリ市況回復＋AI HBM需要を会社が初本格言及、Q3売上ガイドが市場予想を+10.0%上振れで株価+14.1%急騰",{"actual":16,"consensus":17,"beatPct":18,"yoyPct":19},"$5.82 B","$5.34 B",9,57.7,{"actual":21,"consensus":22,"beatPct":23},"$0.42","-$0.25",null,{"revenue":25,"eps":29},{"company":26,"consensus":27,"beatPct":28},"$6.60 B","$6.00 B",10,{"company":30,"consensus":31,"beatPct":32},"$0.45","$0.20",125,{"reportClose":34,"nextClose":35,"changePct":36},"$96.25","$109.85",14.1,{"quarter":38,"reportDate":39,"event":40,"revenue":41,"eps":46,"guidance":50,"stock":59},"Q3 FY24","2024/6/26","売上+17% QoQ・データセンターSSD四半期初の$10億超え。Q4売上ガイドが事前コンセンサスとほぼ並びで失望、株価-7.1%反落",{"actual":42,"consensus":43,"beatPct":44,"yoyPct":45},"$6.81 B","$6.67 B",2.1,81.6,{"actual":47,"consensus":48,"beatPct":49},"$0.62","$0.52",19.2,{"revenue":51,"eps":55},{"company":52,"consensus":53,"beatPct":54},"$7.60 B","$7.59 B",0.1,{"company":56,"consensus":57,"beatPct":58},"$1.08","$1.04",3.8,{"reportClose":60,"nextClose":61,"changePct":62},"$142.36","$132.23",-7.1,{"quarter":64,"reportDate":65,"event":66,"revenue":67,"eps":72,"guidance":76,"stock":85},"Q4 FY24","2024/9/25","Q4売上+93% YoY、Q1売上ガイド+4.6%・EPSガイド+14.5%上振れの強気で株価+14.7%急騰（13年ぶり最大上昇）",{"actual":68,"consensus":69,"beatPct":70,"yoyPct":71},"$7.75 B","$7.65 B",1.3,93.3,{"actual":73,"consensus":74,"beatPct":75},"$1.18","$1.12",5.4,{"revenue":77,"eps":81},{"company":78,"consensus":79,"beatPct":80},"$8.70 B","$8.32 B",4.6,{"company":82,"consensus":83,"beatPct":84},"$1.74","$1.52",14.5,{"reportClose":86,"nextClose":87,"changePct":88},"$95.77","$109.88",14.7,{"quarter":90,"reportDate":91,"event":92,"revenue":93,"eps":96,"guidance":100,"stock":109},"Q1 FY25","2024/12/18","Q1実績は予想線だがQ2売上ガイド-11.9%・EPSガイド-26.7%大幅下振れ（消費者/PC在庫調整）で株価-16.2%急落",{"actual":94,"consensus":78,"beatPct":54,"yoyPct":95},"$8.71 B",84.3,{"actual":97,"consensus":98,"beatPct":99},"$1.79","$1.76",1.7,{"revenue":101,"eps":105},{"company":102,"consensus":103,"beatPct":104},"$7.90 B","$8.97 B",-11.9,{"company":106,"consensus":107,"beatPct":108},"$1.43","$1.95",-26.7,{"reportClose":110,"nextClose":111,"changePct":112},"$103.90","$87.09",-16.2,{"quarter":114,"reportDate":115,"event":116,"revenue":117,"eps":122,"guidance":125,"stock":134},"Q2 FY25","2025/3/20","HBM売上$10億超え達成、Q3ガイドはコンセンサス上振れだが株価-8.0%",{"actual":118,"consensus":119,"beatPct":120,"yoyPct":121},"$8.05 B","$7.93 B",1.6,38,{"actual":123,"consensus":106,"beatPct":124},"$1.56",9.1,{"revenue":126,"eps":130},{"company":127,"consensus":128,"beatPct":129},"$8.80 B","$8.50 B",3.5,{"company":131,"consensus":132,"beatPct":133},"$1.57","$1.47",6.8,{"reportClose":135,"nextClose":136,"changePct":137},"$103.00","$94.72",-8,{"quarter":139,"reportDate":140,"event":141,"revenue":142,"eps":147,"guidance":151,"stock":160},"Q3 FY25","2025/6/25","Data Center売上前年比倍増、HBM売上前Q比+50%(run rate $6B超) — AIメモリ需要が牽引",{"actual":143,"consensus":144,"beatPct":145,"yoyPct":146},"$9.30 B","$8.87 B",4.9,36.6,{"actual":148,"consensus":149,"beatPct":150},"$1.91","$1.60",19.4,{"revenue":152,"eps":156},{"company":153,"consensus":154,"beatPct":155},"$10.70 B","$9.90 B",8.1,{"company":157,"consensus":158,"beatPct":159},"$2.50","$2.03",23.2,{"reportClose":161,"nextClose":162,"changePct":163},"$127.25","$126.00",-1,{"quarter":165,"reportDate":166,"event":167,"revenue":168,"eps":173,"guidance":177,"stock":186},"Q4 FY25","2025/9/23","AI HBM需要本格化、Q1ガイドEPS+21.0%の上振れ",{"actual":169,"consensus":170,"beatPct":171,"yoyPct":172},"$11.32 B","$11.22 B",0.9,46,{"actual":174,"consensus":175,"beatPct":176},"$3.03","$2.86",5.9,{"revenue":178,"eps":182},{"company":179,"consensus":180,"beatPct":181},"$12.50 B","$11.94 B",4.7,{"company":183,"consensus":184,"beatPct":185},"$3.75","$3.10",21,{"reportClose":187,"nextClose":188,"changePct":189},"$166.41","$161.71",-2.8,{"quarter":191,"reportDate":192,"event":193,"revenue":194,"eps":199,"guidance":203,"stock":212},"Q1 FY26","2025/12/17","売上+6.3%・EPS+21.3%、Q2ガイドはEPS+87.5%の異常上振れで構造転換確信",{"actual":195,"consensus":196,"beatPct":197,"yoyPct":198},"$13.64 B","$12.83 B",6.3,56.7,{"actual":200,"consensus":201,"beatPct":202},"$4.78","$3.94",21.3,{"revenue":204,"eps":208},{"company":205,"consensus":206,"beatPct":207},"$18.70 B","$14.23 B",31.4,{"company":209,"consensus":210,"beatPct":211},"$8.42","$4.49",87.5,{"reportClose":213,"nextClose":214,"changePct":215},"$225.52","$248.55",10.2,{"quarter":217,"reportDate":218,"event":219,"revenue":220,"eps":225,"guidance":229,"stock":238},"Q2 FY26","2026/3/18","売上+18.9%・EPS+31.0%・Q3ガイドEPS+59.2% トリプル大幅ビート、YoY+196%",{"actual":221,"consensus":222,"beatPct":223,"yoyPct":224},"$23.86 B","$20.07 B",18.9,196.3,{"actual":226,"consensus":227,"beatPct":228},"$12.20","$9.31",31,{"revenue":230,"eps":234},{"company":231,"consensus":232,"beatPct":233},"$33.50 B","$24.29 B",37.9,{"company":235,"consensus":236,"beatPct":237},"$19.15","$12.03",59.2,{"reportClose":239,"nextClose":240,"changePct":241},"$461.73","$444.27",-3.8,{"quarter":243,"reportDate":244,"event":245,"revenue":246,"eps":251,"guidance":255,"stock":264},"Q3 FY26","2026/6/24","売上+18.4%・EPS+25.2%・Q4ガイドEPS+28.0%トリプル大幅ビート、YoY+346%、HBM 2027年まで売り切れ、AH+15.78%",{"actual":247,"consensus":248,"beatPct":249,"yoyPct":250},"$41.46 B","$35.02 B",18.4,346,{"actual":252,"consensus":253,"beatPct":254},"$25.11","$20.05",25.2,{"revenue":256,"eps":260},{"company":257,"consensus":258,"beatPct":259},"$50.00 B","$41.83 B",19.5,{"company":261,"consensus":262,"beatPct":263},"$31.00","$24.21",28,{"reportClose":265,"nextClose":266,"changePct":267},"$1048.51","$1214.00",15.78,{"quarter":269,"reportDate":270,"isForecast":271,"event":272,"revenue":273,"eps":276,"guidance":278,"stock":283},"Q4 FY26","未定",true,"Q3 FY26発表時点で会社Q4ガイドは売上$49-51B (midpoint $50.00B) / 非GAAP EPS $30-32 (midpoint $31.00) / 非GAAP粗利率 ~86%。Q3前の Koyfin Q4コンセンサスは売上 $41.83B / EPS $24.21（Q3後の改定待ち）。次Q (Q1 FY27) コンセンサスは2026-06-23時点で売上 $47.39B / 非GAAP EPS $27.63（Q3決算翌日の改定はChrome MCP復旧後の Koyfin 取得まで未反映）。HBM 2027年まで sold out、DRAM/NAND タイトさは calendar 2027 以降も継続見込みと CEO 言及。",{"actual":274,"consensus":275,"beatPct":23,"yoyPct":23},"n/a","$50.68 B",{"actual":274,"consensus":277,"beatPct":23},"$31.32",{"revenue":279,"eps":281},{"company":274,"consensus":280,"beatPct":23},"$56.46 B",{"company":274,"consensus":282,"beatPct":23},"$34.74",{"reportClose":274,"nextClose":274,"changePct":23},[285,286,287,288,289,290],"Q3 FY26 実績は 2026/6/24 AMC 発表後、x-search 経由の Press Release 要約（@StockMKTNewz / @TheValueist / @EmmanuelInvest 等の引用と整合）と SEC EDGAR 8-K Item 2.02 ガイダンス抽出値を併用して反映。株価は reportClose $1,048.51（2026/6/24 RTH 終値）/ nextClose $1,214.00（2026/6/24 AH 19:47 EDT 暫定値、+15.78%）。nextClose と latestStock は AH 暫定値のため翌日 RTH 終値確定後に Koyfin で上書き予定。","Q4 FY26 行は次回決算前の予測行。consensus 欄は Q3 FY26 発表前（2026/6/22 時点）の Koyfin 集約値で、Q3 後の改定値は次回 Koyfin 取得後に上書き予定。","Micron は会計年度が8月末締め (FY2024 = 2023/9〜2024/8、FY2025 = 2024/9〜2025/8、FY2026 = 2025/9〜2026/8)。2025/3/20発表は Micron公式命名で Q2 FY25。","実績・会社ガイダンスは Micron 公式IR / SEC 8-K Exhibit 99.1、コンセンサスは LSEG / FactSet / Investing.com / StreetInsider / MarketScreener 経由の事前コンセンサス代表値。Q2 FY24〜Q1 FY25 の point-in-time コンセンサスは x-search（Grok）で発表前後3〜5日のX投稿（@Beth_Kindig / @StockMKTNewz / @StockSavvyShay / @EricJhonsa / @CmgVenture / @ConsensusGurus / @dnystedt 等）の中央値を採用。株価は Yahoo Finance チャートAPIから取得した正規取引終値。","ガイダンス上振れ率 = 会社提示midpoint vs 事前アナリスト予想midpoint。","Q2 FY24 の EPS コンセンサスは -$0.25（メモリ市況底打ち前の損失予想）。実績 $0.42 は黒字転換を示すが、コンセンサスが負値のため beatPct は計算定義上 null（参考：実額の上振れ +$0.67）。","Q3 FY26（2026/6/24 AMC発表）は、Q2 FY26 から続いていた構造転換ストーリーへの強い答え合わせとなった。会社Q3ガイダンス（売上$33.50B / EPS$19.15）に対して実績は売上$41.46B（ガイド+23.8%）/ 非GAAP EPS $25.11（ガイド+31.1%）と更に大幅超過、コンセンサスに対してもそれぞれ+18.4%・+25.2%のビート。非GAAP粗利率84.9%（前年同期39%）はHBM/AIサーバー向け価格の上方シフトを物語る。Q4 FY26ガイドも売上$50.00B（mid・Q4コンセンサス+19.5%）/ EPS$31.00（mid・+28.0%）と更にレイズ、CEO はHBM 2027年まで sold out、DRAM/NAND タイトさは calendar 2027 以降も継続と発言。Q1 FY26（2025/12）でガイダンス・EPSを実質1.9倍に宣言した「教科書ケース」がQ2→Q3でも再現され続けたことで、構造転換の確度が次のレベルに固まった四半期。",[293,296,299,302,305,308,311,314,317,320,323,326,329,332,335],{"label":294,"url":295},"Micron Q2 FY2024 Press Release (SEC 8-K Ex.99.1, 2024/3/20)","https://www.sec.gov/Archives/edgar/data/0000723125/000072312524000004/a2024q2ex991-pressrelease.htm",{"label":297,"url":298},"Micron Q3 FY2024 Press Release (SEC 8-K Ex.99.1, 2024/6/26)","https://www.sec.gov/Archives/edgar/data/0000723125/000072312524000016/a2024q3ex991-pressrelease.htm",{"label":300,"url":301},"Micron Q4 FY2024 Press Release (SEC 8-K Ex.99.1, 2024/9/25)","https://www.sec.gov/Archives/edgar/data/0000723125/000072312524000023/a2024q4ex991-pressrelease.htm",{"label":303,"url":304},"Micron Q1 FY2025 Press Release (SEC 8-K Ex.99.1, 2024/12/18)","https://www.sec.gov/Archives/edgar/data/0000723125/000072312524000046/a2025q1ex991-pressrelease.htm",{"label":306,"url":307},"Q1 FY25 の Q2ガイダンス -11.9%・EPS -26.7% miss の原因（当サイト解説）","/micron-q1-fy25-q2-guide-miss-explained",{"label":309,"url":310},"Micron Reports Fiscal Q2 2025 Financial Results","https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-second-quarter-fiscal-2025",{"label":312,"url":313},"CNBC: Micron Q2 FY2025 earnings (LSEG cons)","https://www.cnbc.com/2025/03/20/micron-mu-q2-earnings-2025.html",{"label":315,"url":316},"Nasdaq: Micron Q3 FY2025 results","https://www.nasdaq.com/press-release/micron-technology-inc-reports-results-third-quarter-fiscal-2025-2025-06-25",{"label":318,"url":319},"CNBC: Micron Q3 FY2025 earnings (LSEG cons)","https://www.cnbc.com/2025/06/25/micron-mu-q3-2025-earnings-report.html",{"label":321,"url":322},"Globenewswire: Micron Q4 FY2025 results","https://www.globenewswire.com/news-release/2025/09/23/3155077/14450/en/micron-technology-inc-reports-results-for-the-fourth-quarter-and-full-year-of-fiscal-2025.html",{"label":324,"url":325},"CNBC: Micron Q4 FY2025 earnings","https://www.cnbc.com/2025/09/23/micron-mu-q4-2025-earnings-report.html",{"label":327,"url":328},"Micron Reports Fiscal Q1 2026 Financial Results","https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-first-quarter-fiscal-2026",{"label":330,"url":331},"Investing.com: Micron Q1 FY26 (cons)","https://www.investing.com/news/earnings/micron-forecasts-sharply-higher-revenue-as-ailed-memory-drives-record-results-4413712",{"label":333,"url":334},"Micron Reports Fiscal Q2 2026 Financial Results","https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-second-quarter-fiscal-2026",{"label":336,"url":337},"Investing.com: Micron Q2 FY26 (cons)","https://www.investing.com/news/earnings/micron-beats-estimate-amid-aidriven-memory-demand-4569212",{"date":339,"close":266},"2026-06-25",1782528864408]