Micron Technology (MU) Earnings Expected to Show Strong Growth We''ve reached the tail end of earnings season. However, there are still a handful of notable stragglers left to report – including memory chipmaker Micron Technology ( MU , $58.71), slated on the earnings calendar to unveil its fiscal third-quarter results after the June 30 close. Micron, like so many of its fellow semiconductor stocks , has struggled on the charts in the first half of 2022, down 37% for the year-to-date. SEE MORE The 15 Best Stocks to Buy for the Rest of 2022 Still, MU remains a "top pick in semis" for UBS Global Research analyst Timothy Arcuri (Buy). "Amid macro concerns, we believe investors continue to overlook several key factors," Arcuri says. The analyst points to lower supply amid raw material shortages and a delay in equipment lead times, as well as demand that will be buoyed by a ramp up in new cloud server platforms in 2023. Arcuri says MU also remains the leader in NAND. "Given all of these industry and MU-specific factors, we expect MU''s [earnings per share] EPS to hold up very well," he adds.