Goldman Sachs released a report stating that persistent market tightness is expected to drive Micron's performance significantly above market consensus and the company's own guidance. The firm recently raised its overall industry outlook and anticipates that the tight conditions will persist through the entire fiscal year 2027, leading to higher pricing and margins in the industry. Given the substantial stock price appreciation and potential optimism surrounding long-term customer agreements, investor positioning remains very bullish. Goldman Sachs expects Micron's third fiscal quarter revenue ending in May to be approximately 9% above market consensus, with guidance for significant sequential revenue growth in the final fiscal quarter ending in August, driven by pricing upside. The firm forecasts revenue, gross margin, and earnings per share for the previous fiscal quarter at $37.6 billion, 83.4%, and $22.07, respectively, compared to market consensus of $34.4 billion, 81.9%, and $19.74. For fiscal year 2026, Goldman Sachs' revenue and EPS estimates for Micron are 30% and 36% above market consensus, respectively. The firm raised its price target for Micron from $400 to $900, with a "neutral" rating. (Jin Shi)