Micron představil první 512GB DDR5 modul pro serverové platformy, který snižuje spotřebu o více než 60 % a zvyšuje propustnost až 1,4×. Masová výroba má začít ve druhé polovině roku 2027.
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Enterprise artificial intelligence (AI) development has focused in recent years on graphics processing units. Building viable infrastructure, however, requires solving a physical challenge the semiconductor industry calls the memory wall. When large models run inference tasks across clustered computing racks, processors often sit idle while waiting for data to move across constrained memory channels.
To address this operational hurdle, Micron Technology NASDAQ: MU demonstrated the industry's first 512-gigabyte DDR5 high-density module for server platforms. The achievement highlights an evolving technological transition across enterprise computing while pointing to durable pricing strength across the broader memory ecosystem.
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Less Heat, More Speed: Ultra-Dense Modules Take the StagePhysical space, heat limits, and available power govern data center architectures. As software models expand into hundreds of billions of parameters, standard configurations struggle to keep working datasets resident in dynamic random-access memory, commonly called DRAM. When local capacity runs dry, servers must shuttle data to slower storage tiers, creating latency and inflating power consumption.
Micron Technology engineered its 512-gigabyte DDR5 registered dual in-line memory module, or RDIMM, using vertical three-dimensional packaging. By stacking DRAM dies connected by through-silicon vias (TSVs), the design achieves unprecedented density without expanding the physical server footprint. Operating at data rates up to 9,200 megatransfers per second, the hardware allows up to 12 terabytes of DDR5 DRAM inside a standard 24-slot dual-socket server.
Power efficiency represents the central commercial advantage. A single 512-gigabyte module consumes about 16.0 watts, compared to 44.2 watts for four standard 128-gigabyte modules providing equivalent density.
That design reduces operating power by more than 60%, removing a critical thermal barrier for facility managers. In memory-intensive enterprise tasks, including large-scale database queries and complex analytics workloads, performance testing reveals throughput gains of up to 1.4 times over previous 256-gigabyte configurations.
Major enterprise partners are already qualifying the hardware. Advanced Micro Devices NASDAQ: AMD and Intel NASDAQ: INTC are validating the modules across upcoming server platforms. Commercial institutions are also beginning to recognize that high-density memory is critical to balancing processing throughput against physical electricity constraints.
Wafer Wars: High-Bandwidth Demands Starve SupplySemiconductor investors often watch for traditional supply-demand swings in memory hardware. Past cycles often saw producers overbuild fabrication plants, flood distributors and trigger sharp margin erosion. Current manufacturing fundamentals reveal a very different landscape shaped by high-bandwidth memory, or HBM.
Producing HBM3e stacks for advanced accelerators, such as those made by NVIDIA NASDAQ: NVDA, requires roughly three times the raw silicon wafer starts of standard server DRAM. Intricate manufacturing steps and complex die stacking consume substantial cleanroom capacity. Every silicon wafer committed to high-bandwidth assemblies directly pulls manufacturing volume away from standard server modules.
This reallocation creates a tight supply environment. Industry models indicate memory undersupply extending through 2027 and into 2028. This pricing stability extends across the enterprise storage ecosystem. Western Digital NASDAQ: WDC has committed its enterprise hard drive capacity through 2026 under long-term binding agreements, proving that cloud providers are locking in critical data storage years ahead of deployment.
Micron Technology is backing this multi-year trend with long-term capital investment. The appointment of Deirdre Hanford, an industry leader with nearly four decades of semiconductor experience, to direct Micron Research Labs establishes a dedicated research framework. Backed by a planned $10 billion research commitment over 10 years, the initiative coordinates with a broader $250 billion domestic investment program to advance sub-one-nanometer processing and advanced packaging.
Bargain Bits: Fundamental Math Favors Patient CapitalMicron Technology shares trade near $930, up about 225% year to date from $285.84 at the start of the year. Despite this steady climb, the price remains roughly 26% below its 52-week high of $1,255.00, trading comfortably within its 50-day window of $739 to $1,027.77.
Current Price$926.55High Forecast$2,000.00Average Forecast$1,295.63Low Forecast$249.00Micron Technology Stock Forecast Details
Looking at the underlying fundamentals, valuation multiples have compressed rather than stretched. Micron Technology carries a forward price-to-earnings ratio of about 12.80, alongside a price-to-earnings growth ratio of around 0.58. A price-to-earnings growth ratio below 1.0 generally suggests that projected net income growth is outpacing the market price.
The balance sheet shows financial discipline, with a debt-to-equity ratio of about 0.05 and a current ratio of about 3.42. Operating cash flow sits near $15.32 per share, while net margins stand at 55.91% and return on equity reaches 71.13%.
These numbers reflect sustained execution. In the third quarter of fiscal year 2026, Micron Technology delivered earnings per share of $25.11, beating consensus expectations of $21.39 by $3.72, while revenue expanded roughly 346% from the prior year. The upcoming catalyst arrives on Sept. 30, 2026, when the firm reports fiscal fourth-quarter results. Wall Street consensus remains positive, with 35 analysts maintaining a Buy rating and an average price target of $1,295.63, with top-tier forecasts reaching $2,000.00.
Strategic Capital Placement in a Volatile Memory CycleEvaluating this operational environment requires recognizing specific industry risks. Volume production for the 512-gigabyte module is slated for the second half of 2027. Immediate financial performance will continue to depend on existing DDR5 and HBM3e shipments rather than this next-generation architecture.
A stock beta of about 2.22 indicates that share prices remain sensitive to wider market sentiment. In addition, regulatory filings show routine executive share sales under pre-arranged Rule 10b5-1 trading plans following the stock's significant appreciation over the past year.
Investors tracking semiconductor infrastructure may view the current consolidation range as an informative window into the company's long-term earnings power. Investors might consider accumulating positions in tranches ahead of the Sept. 30 earnings announcement, using structured position sizing to navigate normal sector volatility while participating in an expanding memory cycle.
Should You Invest $1,000 in Micron Technology Right Now?Before you consider Micron Technology, you'll want to hear this.
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The Nasdaq Composite index comprises more than 3,000 stocks that trade on the Nasdaq exchange. In terms of weight, it's heavily tilted toward industry-leading megacap technology companies.
While the Nasdaq Composite includes Nvidia and every other company in the "Magnificent Seven," there's another growth stock on track to be even more important for the broader market this month. Here's why Micron (MU +5.52%) is the top tech stock to watch in September.
Image source: Getty Images.
Micron's Sept. 30 earnings report will be a big event for the stock market After the market closes on Sept. 30, Micron will report results for the fourth quarter of its fiscal 2026, which ended Aug. 31. No other quarterly report released this month is likely to have a bigger impact on the stock market's momentum.
Micron is a leading provider of memory chips that are used in graphics processing units (GPUs) and other hardware that powers data centers used for artificial intelligence (AI) and other high-performance computing applications. Due to the company's crucial role in the artificial intelligence hardware supply chain, Micron's business results have become a bellwether for the AI industry and sentiment across the broader stock market.
In its fiscal Q3 report (released in June), Micron issued strong guidance for Q4, forecasting sales of roughly $50 billion and a gross margin of roughly 86%. For the stock to experience significant gains following the Q4 report, it will likely need to hit the gross margin target and deliver a meaningful beat on sales.
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Even more importantly, Micron will need to deliver strong guidance for the new fiscal year. Given the company's stellar pricing power and guidance from Nvidia suggesting that demand for AI GPUs remains very strong, the memory chip specialist will likely issue guidance for strong sales expansion and margins. Micron has also inked a number of long-term chip supply contracts that should help it maintain its pricing power for several years and ensure robust sales performance.
On the other hand, expectations for growth and margins are already high -- merely beating its own guidance and the average Wall Street analyst estimates may not be enough to spur a rally for its stock or for other players in the broader AI space. However, Micron is now arguably the second-most important company for assessing the health of the AI trade, trailing only Nvidia -- and maybe Taiwan Semiconductor Manufacturing, depending on how you view things -- and its upcoming earnings report will likely have ripple effects across the stock market.
Keith Noonan has positions in Micron Technology. The Motley Fool has positions in and recommends Micron Technology, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
Micron Technology zahájila komerční výrobu v závodě v Sanandu v indickém Gudžarátu, kde do projektu spolu s partnery vložila zhruba 2,75 miliardy USD. První zásilka paměťových modulů už zamířila k Dell Technologies.
Micron Technology MU has started commercial production at its semiconductor assembly and testing facility in Sanand, Gujarat, as the memory-chip maker expands capacity to support rising demand for AI-related memory and storage products.
The Gujarat site represents about $2.75 billion in combined investment from Micron and government partners. The company said the facility will help broaden its manufacturing footprint while supporting India's growing semiconductor industry.
Micron said the plant has already begun commercial operations and delivered its first shipment of memory modules produced in India to Dell Technologies DELL for laptops manufactured and sold in the country.
The company expects the facility to assemble and test tens of millions of chips during 2026, with output projected to increase to hundreds of millions of units in 2027. Once fully ramped, the first phase will include more than 500,000 square feet of cleanroom space.
Micron said the India expansion complements its planned advanced manufacturing and packaging investments in the United States and strengthens its global assembly and test network as AI-driven demand for memory products continues to grow.
Micron letos vzrostl o 226 % a TD Cowen vidí další růst díky možnému přecenění ocenění, protože trh může uvěřit v trvalost cyklu pamětí. Cílová cena je 1 600 USD, asi 73 % nad středečním závěrem.
Micron Technology stock NASDAQ:MU has surged 226% this year, powered largely by spectacular earnings growth as booming artificial intelligence demand has driven memory-chip prices higher.
But the next phase of the rally could depend less on further earnings expansion and more on whether investors become willing to pay a higher valuation multiple for each dollar of Micron’s profits.
The stock remains unusually cheap despite its strong performance.
Micron trades at about 5.77 times estimated earnings for the next calendar year, making it the fifth-lowest valued S&P 500 component by that measure, according to Dow Jones Market Data.
TD Cowen analyst Krish Sankar believes that could change.
Sankar said Micron shares could undergo a “rerating” as investors gain confidence that the current memory-chip cycle can remain durable even if profit margins stop expanding at their recent pace, MarketWatch reported.
His $1,600 price target is based on a price-to-earnings multiple of 9 times his 2027 earnings estimates.
That compares with Micron’s current multiple of 5.77 times and is about 73% above the stock’s Wednesday's close.
The outlook comes as investors increasingly question how much further Micron’s margins can expand after an extraordinary period of earnings growth.
Sankar estimates the company is about 80% through its typical 18-month margin-expansion cycle.
That could mean earnings estimates may not rise as rapidly in the near term as they have recently.
Micron’s latest results demonstrate just how powerful the current cycle has been.
With memory-chip prices elevated, earnings per share jumped 1,215% in its most recently reported quarter.
Sankar nevertheless sees a potential scenario in which earnings decline from peak levels while “the stock keeps grinding higher.”
The reason is his expectation that investors will become increasingly confident that the memory cycle is “more durable than the margin path implies.”
Demand for dynamic-random-access memory, or DRAM, used extensively in AI systems, has surged as companies invest heavily in data-centre infrastructure.
That demand profile differs from previous memory cycles, when consumer electronics played a larger role.
Sankar noted that in downturns such as those in 2019 and 2022, “supply moved ahead of demand.”
This time, sustained AI-related demand could help prevent the same imbalance and provide greater visibility for memory manufacturers.
Sankar compared Micron’s potential valuation shift with steelmaker Nucor, whose multiple expanded significantly after 2022.
In that case, the driver was not simply earnings growth but “greater confidence in cycle durability and US policy support.”
Micron could also benefit from its position as the “only major US DRAM manufacturer,” according to Sankar.
He estimates that Micron’s US wafer production could account for roughly half of the industry’s total US capacity by the end of 2030.
That domestic manufacturing footprint could further strengthen investor confidence in the company’s longer-term demand outlook as Washington encourages semiconductor production within the United States.
The next major catalyst is Micron’s earnings report, scheduled for September 30.
Sankar expects shareholder returns to be a major focus of the earnings call and believes Micron could authorize a share-buyback programme in the low-$20 billion range.
However, the company would likely not begin repurchasing shares before December.
Nvidia uvedla, že paměť je strategickým omezením a v rozpočtu 279 miliard USD počítá hlavně s nákupem paměti. To je silnější signál pro Micron než pro Sandisk.
The artificial intelligence (AI) memory landscape is in the middle of a messy, albeit very profitable, squeeze. Training runs are getting bigger, inference is moving into production, and every new rack of accelerators needs more bandwidth and bits sitting closer to the graphics processing unit (GPU). That is the setup fueling the memory supercycle.
The shortage is not a mystery. Wafer capacity is limited, and converting factory lines to high bandwidth memory (HBM) is tedious and costly. NAND supply is also tight, but for a different reason -- hyperscale storage requirements are being flooded by tokens that have to live somewhere after they leave the GPU.
Micron Technology (MU -0.11%) is cashing in on both sides of this story. The company produces the HBM that sits on top of the GPU package, as well as the server DRAM that fills the rest of the stack. Sandisk (SNDK -0.71%) is riding the same wave, but from the storage side, shipping enterprise flash into the same data centers.
Both companies are making more money than ever. But when Nvidia (NVDA +0.81%) dropped a blunt warning about the memory market during its recent earnings call, an interesting question came to mind: Which of these two stocks, Micron or Sandisk, actually sits closer to the memory bottleneck?
Image source: Getty Images.
What did Nvidia say about the memory trade? During its fiscal second-quarter earnings call, Nvidia made it clear that memory is no longer a background cost -- it is a strategic constraint. CFO Colette Kress said the company is witnessing "extreme pricing conditions in memory," as price increases have already exceeded internal forecasts and are headed even higher going into next year.
As a result, Kress guided Nvidia's gross margin to slip and bottom in the low-70 percentage range before price increases eventually kick in. The trough should be around 71% in Q4 of fiscal 2027.
Nvidia also published a table breaking out supply and capacity commitments through fiscal 2032 -- totaling $279 billion -- and management is saying the spend is primarily related to the procurement of memory. Roughly $92 billion of this budget is due in the rest of fiscal 2027, with another $87 billion and $88 billion lined up for the following two years. This is an explicit sign that Nvidia is reserving a huge slice of the memory market through fiscal 2029 because it does not trust the current market dynamics to supply Blackwell and Vera Rubin on time.
Nvidia CEO Jensen Huang was even more direct when he explained that unconstrained demand implies growth in excess of the 70% Nvidia is willing to guide. Supply, which includes memory components, is the governing factor. All told, Nvidia did not just place a casual purchase order. The company put a multi-year claim on one of the scarcest assets in the chip value chain: memory bits.
What do hyperscalers need more of? Hyperscalers do not buy "memory" as one component. In reality, they are buying parts to achieve three different jobs.
HBM is the scarcest layer of the memory stack. It sits on top of GPU packages and determines how fast a model can train. Without HBM, accelerators are basically just expensive chip clusters. DRAM is the workhorse around this package, feeding system memory for central processing units (CPUs) and inference hosts. Meanwhile, NAND supports the storage warehouse: training data, checkpoints, and logs. While all three components matter, they do not matter equally according to Nvidia's warning.
Nvidia is locking supply because GPU shipments depend on available stacked memory and DRAM, not because the company cannot find solid-state drives (SSDs). Micron is one of only three HBM suppliers and top-tier DRAM vendors that can supply this capacity.
Indeed, Sandisk is a serious NAND name, and AI factories will certainly continue to buy flash. In reality, flash sits further downstream in data center architectures. If a GPU cannot ship, then an order for SSDs can wait. If the HBM is not available on time, the whole rack slips. This is why Nvidia's $279 billion memory budget is a louder signal for Micron than for Sandisk.
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Why Micron looks like the better buy over Sandisk Despite its emerging role in hyperscaler data centers, Micron is not priced like a compounding growth stock. Although shares have already experienced a monster run over the last year, Micron's forward price-to-earnings (P/E) ratio hovers around 6. This is modest relative to other category-leading chip stocks like Nvidia, Broadcom, or Taiwan Semiconductor Manufacturing. The disparity in valuation multiples stems from the market treating memory as a boom-bust commodity.
MU PE Ratio (Forward) data by YCharts.
Micron is in a position to benefit from a number of secular tailwinds throughout the AI infrastructure era. Hyperscaler capex is increasingly treating memory as a first-order constraint, inference deployments are scaling (which burns more bits per token), and contractual demand provides visibility over the next few years.
Ultimately, this setup supports an environment where earnings can stay high long enough for the market to rerate valuation expansion and stop applying a deep cyclical discount.
While Sandisk will keep benefiting due to higher flash prices and a heavier mix toward enterprise data center revenue, NAND will remain a second-order winner. Nvidia did not write a quarter-trillion-dollar check because SSDs are hard to find. It did it because memory scarcity is the bottleneck that decides how many AI systems will actually get built on time. That is Micron's opportunity, which makes it the better stock to buy and hold for the memory boom.
Micron Technology čeká test, zda AI změnila jeho byznys: tržby ve 3. čtvrtletí vyskočily na 41,46 miliardy USD z 9,30 miliardy USD a hrubá marže na 84,9 %.
The numbers suggest Micron may be leaving its old boom-and-bust memory cycle behind. Summary
Wall Street expects roughly $50.4 billion in quarterly revenue
Memory-chip maker Micron Technology Inc. (MU, Financials) is heading toward results with a lot greater challenge than whether it can surpass Wall Street projections.
Has the business really been altered by AI? That question is hard to overlook with Micron's third-quarter figures. Revenue increased to $41.46 billion from $9.30 billion a year earlier while gross margin increased to 84.9% from 39%.
Adjusted earnings came to $25.11 per share.
Management is guiding for fourth-quarter revenue of approximately $50 billion and gross margin of 86%. Wall Street is already in agreement, with consensus projections at about $50.4 billion in revenue and $30.89 in adjusted earnings per share.
That implies surpassing expectations may not be enough by itself. The larger clue may be Micron's guidance for high-bandwidth memory, pricing and fiscal 2027.
This time, says investor Sharon McArd, AI has made memory a more strategic aspect of the data-center infrastructure. Micron has also signed about $22 billion in client agreements, including take-or-pay contracts that give more visibility into demand.
Expectations are already high, and Sept. 30 will put Micron's outsized stats to the test: are they just another memory bubble, or something more permanent?
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Akcie Micron Technology ve středu vzrostly asi o 0,6 % na 933,35 USD, protože globální nedostatek pamětí dál posiluje cenovou sílu výrobců. Reuters uvádí, že menší výrobci telefonů a notebooků čekají napjatou nabídku nejméně do roku 2027.
Tight supply supports exceptional margins while making affordable phones and computers harder to manufacture. Summary
Micron’s pricing power risks shrinking demand downstream.
Micron Technology MU, the AI-memory and storage powerhouse, climbed approximately 0.6% to $933.35 Wednesday as the global memory squeeze showed little sign of easing. Reuters reported that smaller smartphone and laptop manufacturers are preparing for tight supply to persist through at least 2027, reinforcing the pricing power now flowing toward major memory producers such as Micron.
The shortage is becoming painful enough to change how device makers operate. Some manufacturers are redesigning circuit boards, locking in noncancelable orders and even extending the life of older memory components simply to secure supply. Fairphone's CEO said memory can represent nearly 60% of the component cost of a roughly $400 handset. At that point, getting the chips matters more than bargaining over a few dollars. Micron sits on the favorable side of that equation as customers compete for constrained DRAM and NAND capacity.
The economics are already showing up in Micron's numbers. Its Mobile and Client business generated $11.52 billion, roughly 27.8% of last quarter's revenue, while companywide gross margin reached 84.6%. The valuation picture, however, is much hotter: the chart shows Micron at $933.35 versus a GF Value™ estimate of $636.82, leaving the shares 46.56% above that benchmark. Memory scarcity is delivering extraordinary economics, but the higher the stock climbs above estimated fair value, the more investors are betting those extraordinary conditions can last.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Komentáře společností Nvidia a SK Hynix naznačují, že nedostatek paměťových čipů a růst cen potrvají. To podporuje výhled společnosti Micron před výsledky 30. září.
Micron Technology (MU +0.45%) is poised to release its fiscal 2026 fourth-quarter results on Sept. 30, and the market will be eagerly awaiting its report to understand the health of the memory industry.
After all, the strong demand and tight memory supply have been driving stunning growth in Micron's revenue and earnings in recent quarters. The rapid increase in memory prices has led to a big jump in Micron stock over the past year, and the sustainability of that rally will be put to the test when the company releases results.
However, the good news for Micron investors is that the comments from Nvidia (NVDA +1.31%) and SK Hynix, two key players in the artificial intelligence (AI) ecosystem, suggest that Micron's impressive growth is here to stay. Let's see why.
Image source: Micron Technology.
Nvidia and SK Hynix point toward further hikes in memory prices When Nvidia released its fiscal 2027 second-quarter results last month, the company remarked that memory price hikes are here to stay. The semiconductor bellwether expects margin pressure due to higher component costs, especially memory. According to Nvidia CFO Colette Kress:
As you are already aware, we are experiencing extreme pricing conditions in memory. The magnitude of the price increase has exceeded our prior expectations and are headed even higher into next year.
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Nvidia expects its gross margin to drop over the next couple of quarters. It expects a slight improvement in the next fiscal year, driven by higher chip prices. So, Nvidia management's comments indicate that Micron's primary catalyst -- strong memory pricing -- isn't going anywhere.
Similarly, South Korean memory giant SK Hynix expects the memory shortage to worsen next year. The company estimates that memory demand could outstrip supply beyond 2030, even as it brings more capacity online. In fact, Korean investment firm KB Securities estimates that SK Hynix is sitting on memory inventory of just 10 days.
Additionally, the aggressive jump in hyperscalers' capital spending on AI infrastructure suggests that memory demand will remain robust. Nvidia, for instance, estimates that the capex of the top five hyperscalers could increase to $1.3 trillion in 2027, up from $800 billion this year.
So, there is a strong chance Micron's quarterly numbers will exceed expectations, as the severe memory shortage is likely to send prices even higher. Moreover, the tight demand-supply environment bodes well for Micron's fiscal 2027 guidance.
Micron's valuation makes it a no-brainer buy Micron's revenue in fiscal 2027, which has just begun, is poised to increase by 88% to $244.5 billion, according to consensus estimates. Its earnings per share, meanwhile, could jump by 112% to $156.07. However, don't be surprised to see Micron's fiscal Q1 guidance suggesting stronger growth rates due to the reasons discussed above.
Moreover, Micron is trading at just 6.6 times forward earnings. Ideally, it shouldn't be trading at such a steep discount given its phenomenal earnings growth. The S&P 500 index, for comparison, has a forward earnings multiple of 21. So, I won't be surprised to see this AI stock taking off after Sept. 30 on account of stronger-than-expected numbers and guidance, as Micron's ability to clock consistently strong growth could inflate its valuation.
Cidel Asset Management Inc. grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,468 shares of the semiconductor manufacturer’s stock after purchasing an additional 778 shares during the period. Micron Technology makes up 1.1% of Cidel Asset Management Inc.’s portfolio, making the stock its 24th biggest holding. Cidel Asset Management Inc.’s holdings in Micron Technology were worth $23,626,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. M.E. Allison & CO. Inc. increased its stake in Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC boosted its stake in shares of Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares during the period. Bellevue Asset Management LLC grew its stake in Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after buying an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its stake in shares of Micron Technology by 0.7% during the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after purchasing an additional 14 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on MU shares. Bank of America raised their price objective on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Raymond James Financial lifted their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Royal Bank Of Canada upped their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a report on Monday, June 22nd. Finally, Wells Fargo & Company boosted their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $1,295.63.
View Our Latest Stock Report on MU Insider Transactions at Micron Technology In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is currently owned by insiders.
Key Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Micron demonstrated what it describes as the world’s first 512GB DDR5 RDIMM across multiple server platforms. The module reaches speeds of up to 9,200 MT/s and uses more than 60% less operating power than four 128GB modules, strengthening Micron’s position in data-center memory and AI infrastructure. Micron ultra-dense memory module announcement Positive Sentiment: Strong AI-related memory demand remains the core bullish argument. Analysts and industry commentary point to tight DRAM supply, high-bandwidth memory demand, planned capacity expansion and potentially extended shortages, supporting Micron’s revenue and pricing outlook. Micron AI memory cycle analysis Positive Sentiment: Micron appointed semiconductor veteran Deirdre Hanford to lead Micron Research Labs. The facility is backed by a planned $10 billion, decade-long investment focused on memory, compute architectures, advanced packaging and manufacturing, potentially supporting longer-term technology leadership. Micron Research Labs leadership announcement Neutral Sentiment: Commentary remains bullish, with some analysts and Jim Cramer supporting substantially higher price targets. However, these opinions are not new company guidance and depend on continued AI spending, strong memory pricing and successful execution. Jim Cramer Micron thesis Negative Sentiment: A Taiwan union representing Micron workers is keeping strike preparations alive while demanding a permanent profit-sharing arrangement. A labor disruption at a major manufacturing hub could create production delays, higher costs or additional uncertainty during a supply-constrained period. Reuters report on Micron Taiwan labor dispute Negative Sentiment: Recent warnings from AI leaders calling for slower development triggered a broader technology selloff and renewed questions about future hyperscaler spending. Although infrastructure demand may remain intact, any reduction in AI capital expenditures would threaten Micron’s high-growth memory outlook and elevated valuation. AI concerns affecting semiconductor stocks Micron Technology Stock Up 0.4% Shares of Micron Technology stock opened at $927.60 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.05 trillion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.58 and a beta of 2.22. The business has a fifty day simple moving average of $928.01 and a 200 day simple moving average of $764.35. Micron Technology, Inc. has a 12 month low of $154.65 and a 12 month high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
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Micron Technology letos vzrostl o 224 %, ale před výsledky se obchoduje jen asi za 6,3násobek forwardových zisků. Trh pochybuje, jak dlouho vydrží nedostatek paměťových čipů a vysoké marže.
Micron Technology has more than tripled this year, yet the stock looks cheaper than much of the US market compared with the broader market today.
Shares have gained 224% in 2026, but Micron trades at roughly 6.3 times forward earnings ahead of its September 30 fiscal fourth-quarter results. The S&P 500 trades at 19 times forward earnings.
That discount reflects a concern, as memory booms have historically ended when high prices encouraged new capacity and supply caught demand.
The question now is whether AI has changed that cycle enough to make Micron’s profit surge last longer.
The valuation looks unusually low given what analysts expect from the coming quarter.
Goldman Sachs analyst James Schneider expects another strong quarter, as tight DRAM and NAND supply supports pricing.
He forecasts fiscal fourth-quarter revenue of $51.9 billion and earnings of $32.54 a share, both above Wall Street expectations.
Yet Goldman keeps a Neutral rating and a $1,100 price target.
That caution helps explain Micron’s multiple, as investors can accept that earnings remain exceptional while worrying that future supply additions weaken prices and margins.
Goldman has flagged capacity growth from competitors, particularly in China.
Micron is not trading cheaply because the market doubts the memory shortage.
It is trading cheaply because investors are sceptical about how long the shortage, and the profitability attached to it, can persist.
The bullish case is that this cycle may not behave like previous ones.
Susquehanna analyst Mehdi Hosseini told MarketWatch that memory has become the “king” of the semiconductor industry and said its “reign is here to stay.”
Memory now represents about 50% to 55% of semiconductor-industry revenue, versus a historical range of roughly 20% to 30%, according to Hosseini.
He expects DRAM prices to rise about 50% sequentially this quarter and NAND prices around 60%, followed by further increases.
AI is changing both demand and supply economics.
High-bandwidth memory used in AI accelerators consumes more wafer capacity than conventional DRAM.
Micron has said HBM carries roughly a three-to-one trade ratio with DDR5, while newer HBM generations require even more capacity.
The company has warned that industry supply will take considerable time to catch demand, with improvement expected only gradually in 2028.
If that persists, investors may be applying an old cyclical valuation framework to a memory market whose economics have structurally changed.
Mizuho analyst Vijay Rakesh has argued that “agentic AI is driving memory demand higher,” according to Investing.com.
He expects Micron’s fiscal 2027 revenue and earnings per share to increase about 66% and 80%.
That is the core bull case behind the low valuation: earnings could keep rising fast enough that even a stock up more than 200% remains inexpensive on future profits.
September 30 matters less as a beat-or-miss event than as a test of durability.
Investors will be watching DRAM and NAND pricing, HBM customer commitments, gross margins and any indication that supply tightness can extend through 2027 and into 2028.
Goldman expects Micron to guide to low-teens sequential revenue growth for fiscal first-quarter 2027, putting forward guidance at the centre of the valuation debate.
Micron’s six-times multiple does not mean Wall Street has missed the AI boom, but shows investors doubt today’s margins can last.
Micron před výsledky 30. září čeká hlavně na výhled; firma už dříve uvedla tržby 50 miliard USD, plus minus 1 miliardu, ne-GAAP hrubou marži kolem 86 % a upravený zisk 31 USD na akcii, plus minus 1. Růst cen pamětí rychle zpomaluje.
Micron Technology (MU +0.39%) will report its fiscal fourth-quarter results on Wednesday, Sept. 30. As of this writing, shares sit near $928 -- down about 7% over the past week and about a quarter below their 52-week peak of $1,255.
A drop like that, two weeks before earnings, can make buying ahead of the report tempting. Should you buy the stock before the numbers arrive?
There may be less suspense in this report than usual, though. Micron's fiscal fourth quarter is already over (it ended in early September), and the company already told everyone what to expect.
The real news on Sept. 30 will likely be the guidance that comes with the results. And the memory-price curve underneath that guidance is flattening fast.
Image source: Micron.
Already in the booksMicron guided the quarter on June 24, alongside its fiscal third-quarter results: revenue of $50 billion, plus or minus $1 billion, a non-GAAP (adjusted) gross margin of about 86%, and adjusted earnings of $31 per share, plus or minus $1.
Hitting those marks would mean another quarter of records. In the fiscal third quarter (the period ended May 28, 2026), revenue came in at $41.5 billion, up from $23.9 billion the quarter before -- and more than quadruple the year-ago period's $9.3 billion. Adjusted gross margin came in at 84.9%, versus 39% a year before.
But the pace is cooling by Micron's own math. Revenue jumped about 74% sequentially in the fiscal third quarter, and the $50 billion target implies about 21% growth from there. The earnings-per-share guide of $31 sits about 23% above the fiscal third quarter's $25.11. The fourth quarter also has an extra week in it (14 weeks versus 13), so the underlying pace is slower still.
That's still extraordinary for a company this size. The slowdown, though, starts with the price of memory.
Price gains are shrinking fastMicron's results this year have been driven by price more than volume. In its latest quarterly filing, the company said fiscal third-quarter DRAM sales rose 67% sequentially, mostly because average selling prices climbed in the low-60% range. Bit shipments (the volume of memory sold) grew only a low-single-digit percentage.
Most of the gains have come in conventional DRAM -- the ordinary memory in servers, PCs, and smartphones, rather than the high-bandwidth kind that feeds artificial intelligence (AI) processors.
TrendForce, a research firm that tracks memory prices, says conventional DRAM contract prices rose about 93% to 98% quarter over quarter in the opening quarter of 2026. For the following quarter, the firm forecast gains of 58% to 63%. For the quarter ending this month, it expects 13% to 18%, pointing to record-high prices that limit what customers can afford and to weakening PC and smartphone demand. The latest step is about a sixth the size of the first.
NAND flash, Micron's other memory product, is on a similar arc. TrendForce's forecast there cooled from a 70% to 75% jump in the spring to 10% to 15% now.
Now, a 13% to 18% increase is still an increase. Gains like that can keep revenue and margins at record levels.
However, the quarter the company should guide for on Sept. 30 sits even further down the curve. Its fiscal first quarter of 2027 runs into early December. If the flattening continues at anything close to this rate, roughly flat memory prices could arrive within a quarter or two.
The report isn't the reason to buySo, should you buy Micron stock before Sept. 30? I don't think the report itself gives you much of a reason to. The guidance covering the quarter was set while prices were still climbing steeply.
The stock's price, meanwhile, seems to reflect plenty of doubt already. Shares go for about 6 times what analysts expect Micron to earn in fiscal 2027, the year that began this month. Even at their 52-week high, the price was only about 8 times those expected earnings.
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In other words, the market has already priced in a big step down in earnings.
Of course, if the new guidance shows memory pricing holding up better than TrendForce expects, the stock could rebound sharply. But buying two weeks ahead of the news is a bet on exactly the number the flattening curve puts in doubt. After all, a decade of covering tech stocks has made me cautious about buying a memory maker just as its price gains stall.
Ultimately, I'd wait for the guide. If it calls for another quarter of records with margins holding near 86%, I'd revisit -- even if that means paying a higher price. Until then, I view Micron stock as a hold.
Micron oznámil, že výnosy z HBM4 už přesáhly 1 miliardu USD a poptávka po HBM v letech 2027–2028 výrazně převyšuje jeho dodávky. Firma zároveň má výrazně nižší P/E než AMD.
Key Takeaways Micron is the better investment bet, combining stronger near-term growth with a much lower valuation.Micron's HBM4 revenues topped $1 billion, while 2027-2028 HBM demand exceeds its supply capacity.AMD's Data Center revenues jumped 107.3% to $6.72 billion, but its premium valuation raises the execution bar. Micron Technology (MU - Free Report) and Advanced Micro Devices, Inc. (AMD - Free Report) are two major U.S. semiconductor companies benefiting from the rapid expansion of artificial intelligence (AI) infrastructure. While Micron supplies high-bandwidth memory (HBM) and storage that help AI systems handle massive amounts of data, Advanced Micro Devices provides AI accelerators and CPUs (Central processing Units) that power data centers.
While both companies are seeing strong momentum from AI-led semiconductor spending, their growth potential, profitability and valuation levels vary. Amid this scenario, investors must be wondering which AI semiconductor stock offers the better investment opportunity now.
Micron: AI Memory Demand Powers Robust GrowthMicron delivered exceptional third-quarter fiscal 2026 results, supported by strong demand across its data center portfolio. Third-quarter revenues surged 346% year over year to $41.46 billion, while non-GAAP earnings per share (EPS) rose to $25.11 from $1.91 a year earlier. Data center revenues exceeded $25 billion, putting the business on an annualized run rate of more than $100 billion. Operating cash flow reached $25.39 billion, more than five times the year-ago level.
Micron's HBM business is becoming an increasingly important growth driver. On its last earnings call, the company stated its HBM4 12-high ramp is progressing twice as fast as the HBM3E 12-high ramp, while HBM4 revenues have already surpassed $1 billion. Management also indicated that HBM demand for 2027 and 2028 is well above the company's ability to supply.
Another major positive is Micron's new Strategic Customer Agreements (SCAs). It has signed 16 SCAs, generally covering five years, with the agreements representing about 20% of DRAM volume and one-third of NAND volume over their terms. Out of the 16 agreements, 14 carry minimum-price commitments representing approximately $100 billion of cumulative revenues.
The main concern is that Micron remains exposed to memory-market cycles. Its exceptionally high margins could eventually decline if industry supply catches up with demand. At the same time, the company is increasing investment to expand capacity.
In the fourth quarter of fiscal 2026, management projects capital expenditure of around $10 billion, bringing full-year fiscal 2026 capital spending to approximately $27 billion. It also expects capex in every quarter of fiscal 2027 to be above fiscal fourth-quarter levels, with more than half of the year-over-year increase coming from construction capex. These investments are aimed at long-term demand, but they create execution and timing risk. Construction spending will not produce bits immediately, which could limit free cash flow flexibility if demand fluctuates or pricing weakens.
AMD: AI Compute Opportunity Supports Strong GrowthAdvanced Micro Devices also reported strong second-quarter 2026 results. Revenues climbed 50.1% year over year to $11.54 billion, while non-GAAP EPS jumped 246% to $1.66. AMD generated $2.36 billion in cash from continuing operations and $1.56 billion in free cash flow during the quarter.
The Data Center segment remains its biggest growth engine. Data Center revenues soared 107.3% year over year to $6.72 billion, driven by strong EPYC CPU and Instinct graphics processing unit (GPU) demand. Data Center accounted for 58% of total company revenues in the quarter.
Advanced Micro Devices has several important AI catalysts. AMD is ramping up its Instinct GPUs and Helios rack-scale platform, while its partnerships with major AI customers are expanding. Anthropic plans to deploy up to 2 gigawatts of MI450 GPUs in Helios systems, while Microsoft is expanding its use of Helios and EPYC processors across Azure.
Advanced Micro Devices expects server revenues to increase more than 80% year over year in the second half of 2026 and more than 70% for full-year 2027. It also expects Data Center revenues to more than double in 2027.
However, Advanced Micro Devices faces a tougher competitive landscape from NVIDIA and Intel in AI accelerators. It must continue expanding the ROCm (Radeon Open Compute) software ecosystem and execute smoothly as large Helios deployments ramp up. The company has previously stated that data center AI margins are somewhat below AMD's corporate average, making product mix important for future profitability.
MU vs. AMD: Which Has a Better Growth Profile?Both companies will benefit from the surging demand for AI chips, but Micron’s growth profile appears stronger in the near term. The Zacks Consensus Estimate for MU’s current fiscal 2026 revenues and EPS indicates a year-over-year surge of 246.8% and 791%, respectively. For fiscal 2027, the top and bottom lines are projected to grow 91.5% and 113.7%, respectively.
By contrast, estimates for Advanced Micro Devices’ 2026 point to more modest 45.8% revenue growth and a 79.4% EPS increase. For 2027, the top and bottom lines are projected to rise 64.7% and 96.2%, respectively.
Valuation: MU Has a Major Advantage Over AMDThe biggest difference between the two stocks is valuation. Micron trades at a P/E multiple of 5.81 compared with 39.27 for AMD.
Image Source: Zacks Investment Research
This means investors are paying substantially less for Micron's earnings despite its shares having a substantially higher return than Advanced Micro Devices. MU shares have surged 224.9% year to date, while AMD has gained 131.1%.
Image Source: Zacks Investment Research
Advanced Micro Devices' higher valuation multiple reflects its significant AI GPU and CPU opportunity, strong Data Center growth and potential for further market-share gains. However, the premium valuation also raises the execution bar. AMD needs to deliver substantial earnings growth to justify its multiple.
Conclusion: Micron Is the Better Investment Bet TodayBoth Micron and Advanced Micro Devices are well-positioned to benefit from the expanding AI infrastructure market. AMD offers impressive long-term growth opportunities in CPUs and AI accelerators, while MU is becoming increasingly critical to the AI ecosystem through HBM, DRAM and advanced storage products.
However, Micron appears to be the better investment option right now. The company is benefiting from powerful supply-demand dynamics, record profitability, strong pricing trends and accelerating AI memory demand. When combined with its much lower valuation multiple, MU provides a more compelling combination of growth potential and value for investors seeking exposure to the AI semiconductor boom.
Micron carries a Zacks Rank #2 (Buy), making it a clear winner over Advanced Micro Devices, which has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BayBridge Capital Group ve 2. čtvrtletí snížila podíl v Micron Technology o 56,8 % a prodala 1 122 akcií. Po prodeji držela 853 akcií v hodnotě 985 000 USD.
BayBridge Capital Group LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 56.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 853 shares of the semiconductor manufacturer’s stock after selling 1,122 shares during the quarter. BayBridge Capital Group LLC’s holdings in Micron Technology were worth $985,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in MU. Arizona State Retirement System grew its holdings in Micron Technology by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 312,924 shares of the semiconductor manufacturer’s stock worth $361,205,000 after acquiring an additional 4,555 shares during the last quarter. Empirical Finance LLC raised its stake in shares of Micron Technology by 3.4% during the second quarter. Empirical Finance LLC now owns 38,219 shares of the semiconductor manufacturer’s stock valued at $44,116,000 after acquiring an additional 1,249 shares during the last quarter. Nykredit A S bought a new position in shares of Micron Technology during the second quarter valued at $350,886,000. Parkside Financial Bank & Trust lifted its holdings in shares of Micron Technology by 7.2% during the second quarter. Parkside Financial Bank & Trust now owns 3,916 shares of the semiconductor manufacturer’s stock worth $4,520,000 after purchasing an additional 262 shares during the period. Finally, MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in shares of Micron Technology during the second quarter worth $806,000. Institutional investors and hedge funds own 80.84% of the company’s stock.
Wall Street Analyst Weigh In Several brokerages recently weighed in on MU. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a report on Monday, August 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research report on Friday, August 7th. Wedbush upped their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company increased their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $1,295.63.
View Our Latest Analysis on MU Insider Buying and Selling In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,204 shares of company stock worth $182,156,264 over the last three months. Insiders own 0.24% of the company’s stock.
Key Stories Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears Micron Technology Trading Down 5.3% MU opened at $924.03 on Tuesday. Micron Technology, Inc. has a twelve month low of $154.65 and a twelve month high of $1,255.00. The company has a fifty day moving average of $928.22 and a 200-day moving average of $760.84. The stock has a market cap of $1.04 trillion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 0.62 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.
Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 1.36%.
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
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While it can be exciting when a stock you own declares a dividend raise, the hard truth is that many hikes are unspectacular. The raises tend to be fairly modest, rising by a low- to mid-single-digit percentage. Every once in a while, however, a company's management will be confident enough, sufficiently flush, or both, to enact a dividend raise worth getting excited about.
For shareholders of the three companies featured here, the payout raises made this year were surprising and substantial, jumping at least 30%. Here's the skinny on the increases from artificial intelligence (AI) hardware makers Nvidia (NVDA +0.95%) and Micron Technology (MU +1.70%), as well as specialized financial services provider OTC Markets Group (OTCM +0.54%).
Image source: Getty Images.
1. Nvidia Nvidia issued the biggest raise among the three, boosting its per-share dividend by 2,400%. To be fair, the raise comes from a low base, going from $0.01 per (split-adjusted) share to $0.25.
The AI revolution is in full swing, and it wouldn't be as durable and sustained as it is without the involvement of Nvidia. Enthusiasm for its state-of-the-art AI processors has helped its fundamentals really balloon of late. In its second-quarter fiscal 2027, Nvidia more than doubled its revenue year over year to $96 billion (sequential improvement was also considerable at 18%). Adjusted net income motored even higher, rising 118% to almost $54 billion.
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With that kind of growth and bottom-line margin, which is now typical for Nvidia, it has too much cash available. Such gains may not be sustainable forever, but the company's success appears set to continue, pointing to further payout increases.
Because the stock price continues to outperform, Nvidia's dividend yield remains underwhelming at 0.47%.
2. Micron Technology Micron concentrates on memory and storage solutions for the AI industry. And while it's not posting triple-digit gains in key line items, its business is clocking some impressive growth. That growth gave the company enough reason to declare a 30% dividend increase in March, raising the payout to $0.15 per share from just under $0.12.
AI requires not only considerably more processing power than preceding technologies, but also the memory and storage capacity to support it. Since all four of the company's customer segments are busy building their AI capabilities, these revenue streams continue to grow.
For example, the cloud memory business segment's revenue more than quadrupled year over year to nearly $13.8 billion in its fiscal third quarter. And the core data center segment's revenue of $11.5 billion rose sevenfold. Revenue overall leaped to more than $41 billion from $9 billion a year ago. Better, adjusted net income zoomed to $28.9 billion from $2.2 billion.
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Even more than Nvidia, whose stock has stumbled at times, Micron's shares have raced well higher this year, more than tripling in value. Even with that, however, the stock's valuation remains reasonable.
Again, a rising stock pushes down yield -- significantly, in this case. Micron's raised dividend currently yields under 0.1%.
3. OTC Markets OTC Markets is an all-in-one provider of trading and information services for over-the-counter stocks (although it works with larger exchanges like the Nasdaq Composite, too). It's been doing well lately, as the areas where it operates tend to be lucrative when managed effectively, and securities markets of all types are frothy these days.
OTC Markets is doing so well that management was comfortable declaring a meaty dividend raise of 67% to $0.30 per share in Q1. In both the first and second quarters, OTC Markets posted year-over-year growth of 14% for gross revenue and 17% for net income. The company's top line in Q2 was just under $35 million, while net income was $8.6 million.
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BOISE, Idaho, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced a major milestone in memory innovation with the successful demonstration of the world's first 512GB DDR5 module on multiple server platforms. The achievement reinforces Micron's leadership in high-performance, high-capacity server memory and provides enterprise data center and cloud customers with a path to support large and demanding AI, analytics, in-memory database and simulation-heavy workloads with greater efficiency. Leading semiconductor enablers, AMD and Intel, are both actively validating the module, which will deliver speeds up to 9,200 MT/s.
The module’s high capacity is possible due to Micron’s advanced vertical interconnect packaging innovations. This product vertically stacks DRAM dies interconnected by through-silicon vias (TSVs) to maximize density within individual DRAM packages while preserving the performance modern data center architectures demand. The module enables up to 12TB of DDR5 DRAM in a single 24-slot dual-socket server.
“Micron continues to set the pace for memory technology, delivering a new class of ultra-dense, high-performance server memory that helps customers keep larger datasets closer to the compute engines that need them,” said Raj Narasimhan, senior vice president and general manager of the Cloud Memory Business Unit at Micron. “A 512GB RDIMM enables multi-terabyte servers, supporting larger AI and database workloads, greater virtualization density and improved power efficiency, all within existing server footprints.”
Ecosystem partner validation
Micron is collaborating closely with leading ecosystem enablers to validate the 512GB DDR5 RDIMM across next-generation server platforms, ensuring broad compatibility and a smooth path to deployment.
“AMD solutions continue to advance data center performance, scalability and efficiency as AI and data-intensive workloads reshape infrastructure requirements,” said Amit Goel, corporate vice president, Compute and Enterprise AI Platform Solutions Engineering, AMD. “Our close engineering collaboration with Micron brings compute and memory innovation together to help customers realize the full value of AMD-powered platforms. Together, we’re enabling balanced, high-performance infrastructure for the growing scale and complexity of modern workloads.”
"The growth of AI and other data-intensive workloads is placing new demands on server infrastructure, making memory capacity and bandwidth increasingly important to overall system performance," said Karin Eibschitz Segal, general manager of platform and system engineering in Intel’s Data Center Group. “Intel is working closely with Micron to validate its 512GB DDR5 RDIMM and help enable future server platforms designed to meet the growing demands of next-generation data center workloads.”
Meeting the memory demands of data-intensive workloads
The rapid proliferation of large language models (LLMs), agentic AI, real-time inference and high-core-count CPU workloads is driving demand for greater server memory capacity, higher bandwidth and improved power efficiency. Micron 512GB RDIMMs address these demands by enabling larger datasets to remain resident in main memory, reducing reliance on slower storage tiers and minimizing costly data movement. The new 512GB RDIMM also improves efficiency, reducing operating power by more than 60% compared with four 128GB RDIMMs.1
For memory-bound workloads such as Spark Support Vector Machines (SVM)-based data analytics, Micron 512GB RDIMMs can deliver up to 1.4 times higher performance compared to 256GB DDR5 configurations. The 512GB module also provides significant advantages for memory-intensive databases and caching platforms, including RocksDB and Redis, improving throughput, increasing concurrency and helping scale datasets more efficiently.
What the industry has to say about this future memory solution
“As data center workloads continue to grow, we are increasingly focused on how we can optimize the balance between compute, memory and efficiency across the stack," said Darrin Alves, chief information officer for Infrastructure Platforms at JPMorganChase. "Higher-capacity memory technologies like Micron’s 512GB RDIMMs will help enterprises support larger in-memory workloads, improve resource utilization and enhance the flexibility needed to scale modern computing environments."
Micron expects 512GB RDIMMs to be in volume production sometime in the second half of 2027 aligned to customer needs. For more information on Micron’s currently available data center solutions, visit the Micron data center memory webpage.
About Micron Technology, Inc.
Micron Technology, Inc., is a global leader in semiconductor memory and storage, powering AI and compute-intensive applications from cloud to edge. With a relentless focus on our customers, technology and product leadership, and manufacturing and operational excellence, Micron’s comprehensive portfolio of high-performance DRAM, NAND and NOR solutions deliver the speed, efficiency and scale today’s workloads demand, accelerating intelligence to enrich life for all. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding Micron's 512GB DDR5 RDIMM, its expected performance, capabilities, benefits, validation and deployment, and the timing of volume production. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents Micron files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in these forward-looking statements. These factors can be found at https://investors.micron.com/risk-factor. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity, or achievements. Micron is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.
The Finbold AI Agent is projecting that Micron Technology (NASDAQ: MU) stock is likely to see a modest decline by October 1.
Using predictions from multiple artificial intelligence models, the agent forecasts that MU will trade at an average price of $915.31 by October 1, 2026, representing a 0.93% decline from its current price of $923.88.
MU stock price prediction. Source: Finbold Overall, the projection suggests that AI models expect the memory-chip maker to remain largely range-bound over the next two weeks despite continued strength in the AI semiconductor market.
Among the individual models, GPT-5.7 Luna delivered the most bullish outlook, projecting Micron stock at $955, representing a 3.37% gain from current levels.
DeepSeek Chat was the most bearish, forecasting a price of $895.42, while Gemini 3.5 Flash predicted $895.50, both implying declines of just over 3%.
MU stock price prediction. Source: Finbold MU stock fundamentals The relatively stable forecast comes as Micron remains one of the biggest beneficiaries of the artificial intelligence infrastructure boom.
The company recently reported record fiscal third-quarter results, with revenue surging to $41.46 billion, while management guided for approximately $50 billion in fourth-quarter revenue. Micron also disclosed $22 billion in strategic customer agreements designed to secure memory-chip supply amid strong demand from AI data centers.
Demand for high-bandwidth memory (HBM), a key component used in Nvidia’s AI accelerators, continues to exceed industry supply.
Micron stated that its HBM4 products are already in high-volume shipments and that supply constraints across the memory market could persist beyond 2027.
Industry analysts also expect memory chips to remain one of the fastest-growing segments of the semiconductor market as AI workloads drive higher demand for DRAM and NAND products. Supply shortages and rising memory prices have further strengthened Micron’s earnings outlook.
Investors are also watching Micron’s upcoming quarterly earnings report, scheduled for September 30, as the company seeks to extend its AI-driven growth streak. Analyst expectations remain elevated due to ongoing memory shortages and robust pricing trends across the industry.
While Micron shares have recently faced volatility alongside other semiconductor stocks amid broader concerns about the pace of AI investment, the company’s exposure to high-bandwidth memory and data-center demand continues to support its long-term growth outlook.
Featured image via Shutterstock.
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Tchajwanský odborový svaz ve společnosti Micron pohrozil stávkou, pokud firma nepřistoupí na trvalý systém sdílení zisku. Požaduje 15 % provozního zisku společnosti pro zaměstnance.
A Taiwanese union representing workers at Micron Technology (MU.O) warned on Tuesday it could move towards a strike unless the U.S. memory chipmaker agrees to a permanent profit-sharing system, escalating a labour dispute at its largest manufacturing hub.
Taiwan is a crucial production centre for Micron's DRAM and high-bandwidth memory (HBM) chips, key components in AI servers. While no strike has been called and there has been no impact on production, any labour action could amplify supply concerns in an already tight memory chip market.
The dispute underscores growing pressure on memory chipmakers to share the windfall from the AI boom. Micron's Taiwan unions have pointed to South Korean rivals Samsung Electronics (005930.KS) and SK Hynix (000660.KS), which have profit-sharing schemes for employees, in pressing their demands.
The union said it was seeking a long-term, transparent and verifiable profit-sharing system rather than one-off rewards, reiterating its demand that 15% of Micron's operating profit be allocated to employees globally.
"If there is no concrete proposal on September 18 and 21 and employees feel the company is simply dragging out the process, we will declare the negotiations have broken down and move towards a strike vote," said Jerry Lin, chairman of a union representing workers at Micron's operations in the northwestern city of Taoyuan.
Micron last week announced fiscal 2026 rewards for more than 60,000 employees globally following what it described as an "extraordinary year" for the company. Under the scheme, employees in Taiwan who joined before August 29, 2025 will receive a T$1 million ($31,498) cash bonus, while those who joined later will receive a prorated amount.
The union said the new rewards did not address its demand for a permanent profit-sharing mechanism and criticised Micron for announcing them while labour mediation was under way without first reaching an agreement with the union.
Micron, which has not linked the fiscal 2026 rewards to the labour dispute in Taiwan, did not directly address the strike threat in an emailed response to Reuters.
"We will continue listening to our team members’ perspectives and remain committed to engaging in the mediation process in good faith," the company said.
Further labour mediation sessions have been scheduled between the company and the Taoyuan union, as well as another representing workers in the central Taiwanese city of Taichung. Together, the unions represent more than 80% of Micron's roughly 15,000 employees in Taiwan, according to the Taoyuan union.
The Taoyuan union also plans to hold an event for workers on Thursday near Micron's facility at the Hwa Ya Technology Park.
Akcie Micron Technology v pondělí klesly asi o 5,9 %, protože investoři zpochybnili tempo výdajů do AI infrastruktury. Firma zároveň míří na zhruba 50 miliard USD čtvrtletní tržby.
Extraordinary margins magnify the earnings stakes if memory pricing loses momentum. Summary
Micron’s next-quarter forecast requires another 20.6% revenue increase.
Micron Technology MU, the memory-chip manufacturer, fell approximately 5.9% to $918.36 Monday as investors questioned whether AI infrastructure spending could lose momentum. According to Barron's, concerns about a potential investment slowdown weighed on memory stocks. The valuation picture leaves little room for disappointment: shares sit 44.92% above the displayed GF Value™ estimate of $633.68.
The business now has a big number to deliver: roughly $50 billion in quarterly revenue. Management's forecast implies 20.6% growth from the $41.456 billion reported in its latest quarter, when GAAP gross margin reached 84.6%. Multiyear customer agreements could make future earnings more predictable. But the investment case still depends on how those contracts translate into shipments, prices and profits.
Volume alone will not settle the debate. At $50 billion in sales, each percentage point of gross margin equals $500 million in gross profit—a powerful earnings boost if pricing holds, and a painful hit if it slips. Investors need to watch delivery commitments and contract economics alongside demand. A booming memory market can support enormous earnings, but a premium share price keeps the pressure on execution.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Micron Technology Inc. (MU - Free Report) witnessed a meteoric rise in its stock price in the first half of 2026, rallying nearly 340%. However, the stock price has been witnessing softness in the past two and a half months. This has opened a tremendous opportunity for both short- and long-term investors.
MU is set to continue its blockbuster performance at least through 2027 on extremely tight supply of DRAM, soaring demand for high-bandwidth memory (HBM), new Strategic Customer Agreements (SCAs) to reduce earnings and cash flow volatility and effective strategic investment.
The chart below shows the price performance of MU year to date.
Image Source: Zacks Investment Research
Excellent Business Opportunity Micron has been benefiting tremendously from the enormous application of artificial intelligence (AI) in day-to-day life, which has pushed up the demand for memory chips. The four major hyperscalers are likely to raise their AI capital expenditure budget to more than $1 trillion next year and further beyond 2027.
This has resulted in more AI semiconductor sales, implying the need for multiple AI memory chips to operate. Flash memory technologies like DRAM and NAND are used in AI chips, enabling them to perform optimally.
The demand for AI-enabled memory chips is also robust. In their last earnings reports, all four major hyperscalers highlighted a shortage of memory and storage chips, resulting in soaring prices of these products. This situation is set to persist in 2027 and can improve slowly but steadily only in 2028.
MU’s gross margin climbed to 84.9% in the third quarter of fiscal 2026 from 74.9% in the prior quarter and 39% in the year-ago period. This proves how the HBM shortage is helping high-end memory developers increase prices in a world of AI-powered data center boom.
New Tech Trends to Drive ProspectsThe performance of any AI model depends on memory performance and capacity. MU’s HBM is a highly sought-after product for NVIDIA Corp. (NVDA - Free Report) , Advanced Micro Devices Inc. (AMD - Free Report) and Alphabet Inc. (GOOGL - Free Report) to name a few, for their AI-enabled chipsets.
Micron has meaningful exposure to AI, cloud data centers, industrial IoT and autonomous vehicles, all of which require increasingly advanced memory solutions. As AI adoption accelerates, demand for DRAM and NAND products continues to rise.
NVIDIA identified Micron as a key HBM supplier for its GeForce RTX 50 Blackwell GPUs, reinforcing its importance within the AI supply chain. Demand for HBM4 is also benefiting from next-generation AI infrastructure deployments, including NVIDIA’s Vera Rubin platform.
Long-Term SCA DealsMicron has signed 16 SCAs covering customers across data centers, consumer markets and automotive. Most agreements run for five years through 2030, while automotive deals generally run for three years. Together, the contracts represent about 20% of MU’s DRAM volume and one-third of its NAND volume.
These new SCAs could provide more predictable demand and pricing while helping the company manage future memory cycles. Its rivals, such as SK hynix Inc. (SKHY - Free Report) and Sandisk Corp. (SNDK - Free Report) are pursuing strategies similar to MU by building stronger customer commitments.
Strong Estimate RevisionsMicron has an expected revenue and earnings growth rate of 91.5% and more than 100%, respectively, for the current year (ending August 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 0.01% over the last 30 days.
Image Source: Zacks Investment Research
Attractive Valuation Micron has rallied nearly 242% year to date. However, the stock price is currently trading at a 22% discount from its 52-week high posted on June 25. As a result, the stock still looks very attractive.
MU trades at a forward 12-month price-to-earnings (P/E) multiple of 6.18X, which is significantly lower than the industry average of 21.37X and the S&P 500’s 18.03X. This discount adds to the appeal for long-term investors.
Huge Price Upside PotentialThe current Zacks Consensus average price for Micron is based on short-term price targets offered by 42 analysts. The short-term average price target of brokerage firms represents an increase of 52.6% from the last closing price of $975.26.
The brokerage target price is currently in the range of $852-$2,000. This indicates a maximum upside of 105% and a maximum downside of 12.5%. The risk/reward ratio is highly favorable at 1:8.4.
Image Source: Zacks Investment Research
Northward Journey to ContinueMicron currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Micron Technologies has invested heavily in next-generation memory technologies, positioning itself to meet the growing performance and efficiency requirements of AI ecosystems. At this stage, it will be prudent to buy MU on every dip. Hold this stock for the long term as the astonishing growth potential of the global AI-powered data centers and MU’s strong business visibility are likely to generate more value.
Micron Technology (MU -5.70%) has been one of the hottest stocks to own this year, with its value rising by more than 240% heading into trading this week. At over $1 trillion in market cap, it has joined the illustrious trillion-dollar club this year and become one of the most valuable companies in the world.
And yet, investors remain bullish that it can continue to soar higher due to the impressive growth it's been generating, as tech giants continue to invest heavily in artificial intelligence (AI).
Micron recently announced plans to increase production of high-bandwidth memory (HBM), which could result in even better financial results. Here's why.
Image source: Getty Images.
Demand is strong for HBM and margins are highMicron has been thriving this year as demand for its memory and storage products remains through the roof. Due to a shortage, it's been able to raise prices, which has given its financials a boost from both rising prices and skyrocketing demand. It has gone from generating gross margins of around 40% to now more than 70%. A stronger gross margin enables more of the incremental revenue it generates to flow through to the bottom line and increases profits. Thus, as revenue is rising at a fast rate, earnings are also climbing fast.
According to reports, Micron could further bolster its margins in the future as it's planning to significantly increase HBM production this year. By the end of 2026, it is aiming to be able to produce 100,000 wafers per month, up from around 40,000 to 50,000 that it's been averaging over the past year.
HBM is more efficient and suitable for AI purposes, and it's not only in high demand, but companies can charge more for it as well. For Micron, ramping up production of HBM can enable its financial results, as strong as they already are, to look even better in the near future.
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Micron's stock could be heading even higherOn Sept. 30, Micron is set to release its fourth-quarter results, which will likely be a huge day for the stock. Not only will the results highlight how much growth the business has generated over the past three months, but because it's also the fiscal year-end, there may be valuable insights into Micron's guidance for the year ahead -- which should factor in its outlook for HBM.
Strong guidance will be essential for Micron's stock to continue rising. And with the company ramping up production of HBM, it looks highly likely that the guidance will indeed be strong, which is why I think Micron's stock will reach new heights before the end of 2026.
Wellington Grp LLC ve 2. čtvrtletí zvýšila svůj podíl v Micron Technology o 11,4 % na 5 734 akcií. Podíl měl na konci čtvrtletí hodnotu 6,619 mil. USD.
Wellington Grp LLC raised its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,734 shares of the semiconductor manufacturer’s stock after acquiring an additional 587 shares during the quarter. Micron Technology makes up approximately 1.7% of Wellington Grp LLC’s portfolio, making the stock its 13th biggest position. Wellington Grp LLC’s holdings in Micron Technology were worth $6,619,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Advus Financial Partners LLC lifted its position in shares of Micron Technology by 6.9% during the 2nd quarter. Advus Financial Partners LLC now owns 2,513 shares of the semiconductor manufacturer’s stock worth $2,900,000 after purchasing an additional 163 shares during the last quarter. January Capital Advisors LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at $279,000. Tobias Financial Advisors Inc. acquired a new position in shares of Micron Technology in the 2nd quarter valued at $349,000. Groupe la Francaise grew its holdings in shares of Micron Technology by 45.4% during the second quarter. Groupe la Francaise now owns 91,842 shares of the semiconductor manufacturer’s stock worth $104,415,000 after purchasing an additional 28,668 shares during the last quarter. Finally, Kingsbury Capital Investment Advisors LLC purchased a new position in Micron Technology during the 2nd quarter worth approximately $566,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Micron Technology Price Performance MU opened at $975.26 on Monday. Micron Technology, Inc. has a 12 month low of $153.21 and a 12 month high of $1,255.00. The business has a 50-day moving average of $929.44 and a two-hundred day moving average of $757.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 0.62 and a beta of 2.22.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the firm posted $1.91 EPS. The company’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current year. Micron Technology Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.
Insider Transactions at Micron Technology In related news, EVP April Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 in the last three months. 0.24% of the stock is owned by company insiders.
More Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Wall Street Analyst Weigh In Several research analysts have issued reports on MU shares. Needham & Company LLC raised their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Bank of America upped their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Stifel Nicolaus increased their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Mizuho dropped their price target on Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Finally, Raymond James Financial raised their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $1,295.63.
Read Our Latest Research Report on Micron Technology
(Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
See Also Five stocks we like better than Micron Technology Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound 3 Small-Cap Biotechs With Binary Catalysts on the Calendar Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Micron, SanDisk a SK Hynix v pondělí prudce oslabily, protože investoři zpochybnili tempo budoucích výdajů do infrastruktury pro AI. Micron a SanDisk v premarketu klesly o více než 5 %, SK Hynix o 7,4 %.
Micron, SanDisk and SK Hynix are sitting at the sharp end of Monday’s AI sell-off as investors question one of the assumptions that made memory stocks the biggest winners of the infrastructure boom.
Micron and SanDisk fell more than 5% in US premarket trading, while SK Hynix plunged 7.4%.
The declines followed weekend calls from Anthropic CEO Dario Amodei and other AI leaders to slow frontier-model development over safety concerns.
Training and running advanced AI models requires far more than GPUs.
HBM feeds accelerators, conventional DRAM supports servers and enterprise NAND provides the storage needed for large inference workloads.
That demand transformed memory from a cyclical commodity business into one of AI infrastructure’s most valuable bottlenecks.
Susquehanna analyst Mehdi Hosseini told MarketWatch that memory has become the “king” of the semiconductor industry and argued that “its reign is here to stay”.
He estimates memory now represents roughly 50% to 55% of semiconductor-industry revenue, compared with a historical range of 20% to 30%.
AI data-centre investment has been a reason the industry is approaching $1.5 trillion in annual revenue.
That explains Monday’s reaction, as the stocks that became concentrated bets on relentless AI infrastructure spending are naturally among the first to be repriced when investors question that spending trajectory.
No major hyperscaler has announced a material reduction in AI capital expenditure, and frontier laboratories have not said they plan to stop buying compute.
Investors are instead pricing a new risk to future growth.
“Fundamentally, the question that would come up is whether increased AI safety means slower and lower capex spending,” Barclays strategist Emmanuel Cau told the Financial Times.
The issue matters particularly for Micron and SK Hynix because HBM demand is tied closely to accelerator deployments.
SanDisk has a similar sensitivity through NAND. At Goldman Sachs’ technology conference last week, management said data-centre demand had grown to more than half of the NAND market, calling the shift a watershed moment for the industry.
The bearish argument runs into an uncomfortable reality that the memory market remains severely constrained.
KB Securities estimates finished memory inventories at Samsung Electronics and SK Hynix have fallen below 10 days of supply.
“As of the third quarter, memory inventories at Samsung Electronics and SK hynix have fallen to less than 10 days,” research head Kim Dong-won told Seoul Economic Daily, warning that sellable volumes could become “absolutely insufficient”.
KB expects 2027 DRAM and NAND bit-demand growth to exceed supply growth by more than 10 percentage points as HBM4, server DDR5 and enterprise SSD demand rise together.
Bernstein also reiterated Buy ratings on Micron and SanDisk this month, forecasting conventional DRAM and NAND contract prices could rise nearly 20% quarter-on-quarter in the third quarter.
That leaves memory stocks caught between two realities.
AI safety concerns have introduced a genuine risk to future infrastructure spending, but current supplies remain tight, prices are still rising and inventories are unusually low.
Micron Technology má 30. září ukázat, že nedostatek paměťových čipů trvá, hlavně u DRAM. Ceny běžné DRAM pro PC i běžné NAND pro paměťové karty v srpnu dosáhly rekordních hodnot.
Micron Technology (MU -0.22%) is set to report earnings at the end of the month, and it should be another strong indicator that the memory chip shortage is far from over, especially for DRAM. With demand surging and supply constrained, the memory market has been booming, with companies in the industry seeing revenues and gross margins expand.
The memory market is broken down into two types: DRAM and NAND (flash). DRAM is a type of fast-volatile memory that loses all its data when the power is turned off. It's historically been used as a fast, temporary workspace for central processing units (CPUs) in computers and smartphones. However, the driving force behind DRAM's resurgence has been a variant called high-bandwidth memory (HBM) that gets packaged with graphics processing units (GPUs) and other artificial intelligence (AI) chips to reduce latency and optimize performance.
Image source: The Motley Fool
The other type of memory is NAND, or flash memory. This is a non-volatile form of memory used to store data long-term. It's also used in computers, smartphones, electronic devices, and memory cards. NAND has also seen demand surge, driven by AI data centers needing massive solid-state drives (SSDs) to store training data.
Pricing drives growth Micron is one of the big three DRAM makers, along with Korean companies SK Hynix and Samsung. Last quarter, it derived 76% of its revenue from DRAM and most of the rest from NAND. Revenue for both types of memory skyrocketed in its fiscal Q3. DRAM revenue went from $7.1 billion a year ago and $18.8 billion in fiscal Q2 to $31.3 billion, while NAND revenue climbed from $2.2 billion a year earlier and $5 billion the prior quarter to $9.9 billion.
The growth for both was largely driven by price due to industry shortages. Its DRAM volumes rose in the low single digits sequentially, while its average selling price (ASP) increased in the low 60% range quarter over quarter. NAND volumes rose in the mid-single-digit range, while prices rose in the mid-80% range.
All signs continue to point to a similar dynamic when Micron reports its fiscal Q4 results on Sept. 30. TrendForce recently estimated that Micron's calendar Q2 DRAM revenue soared 65.5% sequentially to $36 billion. That number doesn't fully align with its fiscal Q4, which ended in August, but it shows the incredible price increases the industry and the company are seeing. Ironically, Micron is benefiting from having a smaller mix of HBM, as ASP growth for this high-end memory has actually been more modest.
Meanwhile, both DRAM and NAND prices hit record highs in August. According to DRAMeXchange, which is owned by Trendforce, the average price for ordinary DRAM used in PCs climbed more than 4% month over month to $25 in August. Meanwhile, ordinary NAND prices used in memory cards increased by 1.4% month over month to $30.10 in August. Trendforce expects PC DRAM prices to climb between 18% and 23% sequentially in Q3 and for NAND prices to also continue to climb.
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All eyes on Micron's guidance Micron has been one of the best-performing AI stocks this year, and it assuredly will once again turn in a blockbuster quarterly earnings report. However, all eyes are going to be more on its guidance and commentary about the future than its actual results. Memory prices can't continue to rise at the breakneck pace they have been forever, but they are likely to remain elevated.
Rival SK Hynix has said the supply-demand imbalance for DRAM is only going to get worse in 2027, and it doesn't expect the market to become balanced until 2030 at the earliest. The spending on AI infrastructure and factors limiting DRAM supply -- like competition with chip companies for new EUV machines and HBM requiring three times the wafer capacity of ordinary DRAM -- back this up. Meanwhile, flash memory player Sandisk said last month at its analyst day that it expects modest sequential NAND price increases throughout the year in fiscal 2027.
As such, I'd expect pretty bullish commentary from Micron about next fiscal year, and given this and its low valuation (forward P/E of 6 times fiscal 2027 estimates), the stock looks attractive ahead of its report.
Nvidia zvedla závazky na dodávky pamětí z 119 miliard USD na 279 miliard USD, ale po fiskálním roce 2029 mají téměř zmizet. To zvyšuje riziko pro Micron, pokud jeho nová kapacita dorazí ve chvíli, kdy Nvidia bude potřebovat méně prémiové paměti.
Micron Technology (MU -0.22%) has gained more than 500% over the past year and trades at $975 at this writing. When a stock does that, the useful question stops being whether the business is good. It becomes: What would have to change for the story to break, and who gets to decide?
That decision sits with Nvidia (NVDA -0.03%). Most of the discussion centers on a table in Nvidia's second-quarter commentary, where Chief Financial Officer Colette Kress disclosed that supply commitments jumped from $119 billion to $279 billion, tied to memory buying. That is a large number, and spending drops to almost nothing after fiscal 2029, according to The Wall Street Journal.
Fair enough. But a purchase commitment is a plan, and plans get revised. In other words, Nvidia is betting heavily on future memory demand, but that spending isn't guaranteed to happen if its plans change.
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The Nvidia signal that matters more for Micron What I find harder to dismiss is what Nvidia is doing with its designs, because design choices lock in years ahead of purchase orders.
Consider the Rubin CPX, a chip built for the first stage of answering an AI prompt, when the system reads everything you fed it before writing a word. Nvidia's original plan used GDDR7, the same memory category used in gaming graphics cards. It costs about one-fifth as much per gigabyte as the premium stacked memory that drives Micron's profits, and it skips the expensive packaging step.
Analyst Ming-Chi Kuo reported in August that Nvidia revived the project with stacked memory instead, though at 168 gigabytes per chip rather than the 288 gigabytes per chip in the flagship part.
Image source: Getty Images.
That all sounded a bit technical, but read that sequence as a company testing how little premium memory it can get away with in the parts of the workload that do not need it. Nvidia has every reason to keep trying. In other words, the bigger thing to watch is how Nvidia designs its chips because those decisions can affect Micron for years (or even permanently).
Nvidia originally planned to use cheaper memory in Rubin CPX. Still, if it keeps choosing more expensive stacked memory, that's a good sign for Micron, as Nvidia would continue to need its high-end memory.
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Why Micron's own expansion adds to the risk Here is where it gets uncomfortable for Micron shareholders: The company plans to double its monthly output of stacked memory to roughly 100,000 wafers by the end of this year. Meanwhile, its share of that market slipped to 18% in the second quarter, while Samsung Electronics doubled to 33%, according to research firm Counterpoint Research. Samsung reached its first billion dollars of stacked memory revenue within four months of starting shipments.
So Micron is adding a great deal of capacity to a market where it might be losing its position. Nvidia CEO Jensen Huang confirmed in June 2026 that the company had approved all three major memory makers, Samsung Electronics, SK Hynix, and Micron Technology, to supply HBM4 memory for its next-generation Vera Rubin platform.
This is either good or bad, depending on your posture as an investor. It keeps Micron in the game and hands Nvidia three sellers to compete against each other.
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What does all this mean for Nvidia and Micron? For Nvidia, the direction is favorable. Three qualified suppliers competing for its business is a cost advantage, and its memory bill is enormous. In my opinion, Nvidia is in a stronger position because it can design its chips around whatever memory makes the most economic sense and use three (or more) qualified suppliers to keep costs and supply in check.
For Micron, the near term still looks strong. Management guided that tight supply conditions persist beyond calendar 2027, and SK Hynix CEO Kwak Noh-jung has said the shortage could run through 2030.
The risk is what happens when Micron's new capacity arrives at the same moment Nvidia's designs need less premium memory per chip, and its commitment schedule thins out. I would not short this. I would stop treating $1,000 as a floor.
If you hold Micron and it has become an outsize part of your portfolio, trimming back toward your intended weight is reasonable. Watch two things: Micron's share of stacked memory in each quarterly update and whether Nvidia extends commitments into fiscal 2030. It seems far away now, but keep your eyes peeled.
Micron Technology by mohl 30. září oznámit další prudký růst tržeb i zisku díky silné poptávce po HBM pro datová centra. Akcie jsou ale po červnovém maximu asi o 19 % níže.
Micron Technology (MU -0.22%) is one of the world's top suppliers of high-bandwidth memory (HBM) for data centers, which is a critical part of the artificial intelligence (AI) hardware stack. There is a global shortage of memory right now, so the company can dictate prices, which has been fantastic for its financial results.
But Micron stock closed at $977.41 on Thursday, Sept. 10, a 19% discount to its June all-time high. Investors are increasingly concerned about the sustainability of the data center spending boom because costs are rising so fast that many large organizations are limiting their AI usage to prevent budget blowouts.
Micron can ease some of those concerns when it releases its financial results for its fiscal 2026 fourth quarter (ended Aug. 31) after the market closes on Sept. 30. According to management's guidance, the company's revenue and earnings likely continued to grow at an explosive rate.
Will Micron stock soar to a fresh high and potentially surpass the $1,500 milestone after the report?
Image source: Getty Images.
Memory is critical for AI workloads, but costs are piling up Graphics processing units (GPUs) are the primary data center chips used in AI training and inference workloads. High-bandwidth memory stores information in a ready state so it can flow seamlessly to each GPU; without it, there would be bottlenecks that cause AI agents, chatbots, and other software applications to deliver a laggy user experience.
Micron recently started shipping its HBM4 solution for the data center, which offers up to double the bandwidth of the company's previous generation, while consuming around 20% less energy. That is why Nvidia is using it in its new Vera Rubin GPU systems.
Although demand for HBM is outstripping supply by a wide margin right now, costs are rising so quickly that they're affecting the economics of deploying AI software. Nvidia says the five largest hyperscale companies (such as Microsoft and Amazon) will spend $800 billion on AI infrastructure this year, and then a further $1.3 trillion in 2027. They have to recoup that money somehow, otherwise the spending won't make sense.
As a result, Microsoft recently implemented price increases for some of its AI software products, like Copilot for Github. AI start-up Anthropic also adjusted how it calculates token consumption when customers are using its models and software tools, resulting in higher costs. Uber Technologies actually blew through its entire 2026 AI budget in just four months while using Anthropic's Claude Code product.
Companies like Uber, Amazon, Walmart, and AT&T have each imposed restrictions on AI usage for their employees to prevent cost blowouts. But they aren't alone, because a recent survey by UBS Group found that 60% of businesses are routing tasks to cheaper, more efficient AI models to save money. These models consume less computing power, which isn't great for GPU or HBM demand in the long run.
Micron could report a blockbuster set of results on Sept. 30 Fortunately for shareholders, the recent AI jitters have yet to show up in Micron's financial results. The company generated $41.4 billion in total revenue during its fiscal 2026 third quarter (ended May 28), a whopping 346% increase from the year-ago period. All four of its business units grew by a triple-digit percentage, thanks to AI-related sales.
Moreover, Micron's earnings exploded higher by 1,368% to $24.67 per share during the third quarter, as the supply-demand imbalance for memory significantly boosted the company's profit margins.
Management's guidance suggests Micron's revenue likely grew by 341% year over year to $50 billion during the fourth quarter, while its earnings are expected to have soared by 985% to $30.73 per share. Wall Street's average estimate (provided by Yahoo! Finance) also suggests Micron could issue a $56.6 billion sales forecast for the fiscal 2027 first quarter.
If the official results on Sept. 30 exceed those estimates, it would certainly be bullish for Micron stock. But if they come in lighter than expected, it could be an early sign that demand is starting to slow, which might result in a sell-off.
Based on Micron's trailing 12-month earnings of $44.23 per share, its stock trades at a price-to-earnings (P/E) ratio of just 22.1. Therefore, it's cheaper than both the S&P 500 and Nasdaq-100 indexes, which have P/E ratios of 23.6 and 34.2, respectively.
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Plus, Wall Street thinks the company will grow its earnings to $155.03 per share in fiscal 2027, placing its stock at a forward P/E ratio of 6.3. If that estimate proves to be accurate, Micron stock could triple over the next 12 months to around $2,900, and it would still be much cheaper than the broader market.
From that perspective, it appears Micron could easily reach $1,500 per share after Sept. 30, as long as its financial results come in as expected. But investors might be wondering why a company growing as fast as Micron is trading at such a steep discount to the market. It's because Wall Street knows the semiconductor bonanza won't last forever.
I mentioned some of the potential cracks in the demand landscape already, but since every chipmaker is frantically trying to build more manufacturing capacity, the supply shortage could also be resolved within the next couple of years. When that happens, Micron and its peers will lose most of their pricing power, making it very hard to continue matching their current level of earnings.
Therefore, Micron is very hard to value right now. While a stock price of $1,500 is certainly possible, there is no guarantee it will get there.
Outlook Capital Management LLC ve 2. čtvrtletí nově nakoupila 169 848 akcií společnosti Micron Technology za zhruba 196,056 milionu USD. Micron je nyní největší pozicí fondu a tvoří 63,3 % portfolia.
Outlook Capital Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 169,848 shares of the semiconductor manufacturer’s stock, valued at approximately $196,056,000. Micron Technology makes up approximately 63.3% of Outlook Capital Management LLC’s portfolio, making the stock its largest holding.
A number of other institutional investors have also recently bought and sold shares of the company. M.E. Allison & CO. Inc. raised its stake in shares of Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC grew its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares in the last quarter. Bellevue Asset Management LLC grew its stake in shares of Micron Technology by 25.5% in the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after buying an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after buying an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its holdings in Micron Technology by 0.7% in the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Price Performance NASDAQ MU opened at $975.26 on Friday. Micron Technology, Inc. has a twelve month low of $153.21 and a twelve month high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The stock has a market capitalization of $1.10 trillion, a PE ratio of 22.08, a P/E/G ratio of 0.62 and a beta of 2.22. The stock has a 50-day simple moving average of $929.44 and a 200 day simple moving average of $754.92.
Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company’s revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year. Micron Technology Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.
More Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Insiders Place Their Bets In related news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth Several equities analysts have weighed in on the company. Royal Bank Of Canada raised their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. TD Cowen reissued a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. The Goldman Sachs Group boosted their target price on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus price target of $1,295.63.
Check Out Our Latest Analysis on MU
(Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Recommended Stories Five stocks we like better than Micron Technology Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity? Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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NBH Bank bought a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 579 shares of the semiconductor manufacturer’s stock, valued at approximately $668,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. M.E. Allison & CO. Inc. grew its position in Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares during the last quarter. Bellevue Asset Management LLC boosted its stake in shares of Micron Technology by 25.5% during the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock worth $74,000 after buying an additional 13 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Micron Technology by 8.8% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock worth $186,000 after buying an additional 13 shares during the period. Finally, Red Door Wealth Management LLC grew its holdings in shares of Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Micron Technology Trading Down 0.2% Shares of MU opened at $975.26 on Friday. Micron Technology, Inc. has a twelve month low of $153.21 and a twelve month high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 22.08, a PEG ratio of 0.62 and a beta of 2.22. The firm’s 50-day moving average is $929.44 and its two-hundred day moving average is $754.92.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year. Micron Technology Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.
Key Stories Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Insiders Place Their Bets In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by company insiders.
Wall Street Analyst Weigh In Several brokerages recently issued reports on MU. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Citigroup decreased their price objective on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating for the company in a research report on Friday, August 7th. TD Cowen reiterated a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. The Goldman Sachs Group boosted their target price on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, ThinkEquity restated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus target price of $1,295.63.
Get Our Latest Report on Micron Technology
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Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Further Reading Five stocks we like better than Micron Technology Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity?
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MW Advisory LLC ve 2. čtvrtletí nově koupila 1 243 akcií Micron Technology za zhruba 1,435 milionu USD. Firma zároveň oznámila EPS 25,11 USD a výnosy 41,46 miliardy USD, obojí nad odhady.
MW Advisory LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,243 shares of the semiconductor manufacturer’s stock, valued at approximately $1,435,000.
Several other institutional investors and hedge funds have also bought and sold shares of MU. Andar Capital Management HK Ltd increased its stake in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after buying an additional 34,278,413 shares during the period. Norges Bank bought a new position in shares of Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA purchased a new stake in Micron Technology in the second quarter worth $22,182,263,000. Legal & General Group Plc purchased a new stake in Micron Technology in the second quarter worth $8,402,393,000. Finally, Situational Awareness LP boosted its holdings in Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after acquiring an additional 5,289,124 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Micron Technology Stock Performance Shares of Micron Technology stock opened at $975.26 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 22.08, a P/E/G ratio of 0.62 and a beta of 2.22. The business has a fifty day simple moving average of $929.44 and a two-hundred day simple moving average of $754.92. Micron Technology, Inc. has a 12 month low of $153.21 and a 12 month high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year. Micron Technology Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.
Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Insiders Place Their Bets In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 177,204 shares of company stock valued at $182,156,264. Insiders own 0.24% of the company’s stock.
Wall Street Analyst Weigh In A number of brokerages have issued reports on MU. Raymond James Financial boosted their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a research report on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Wells Fargo & Company boosted their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, Zacks Research downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $1,295.63.
Check Out Our Latest Report on Micron Technology
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Further Reading Five stocks we like better than Micron Technology Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity? Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Turner Financial Group Inc. ve 2. čtvrtletí koupila nový podíl ve společnosti Micron Technology za zhruba 2,18 mil. USD. Akcie tvoří 2,2 % portfolia fondu a jde o jeho 8. největší pozici.
Turner Financial Group Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,888 shares of the semiconductor manufacturer’s stock, valued at approximately $2,180,000. Micron Technology comprises 2.2% of Turner Financial Group Inc.’s portfolio, making the stock its 8th largest position.
Several other institutional investors have also recently bought and sold shares of MU. State Street Corp boosted its stake in shares of Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after purchasing an additional 1,090,644 shares in the last quarter. Andar Capital Management HK Ltd increased its position in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Norges Bank acquired a new position in Micron Technology during the 4th quarter worth approximately $6,433,456,000. Primecap Management Co. CA bought a new position in Micron Technology in the 2nd quarter valued at approximately $22,182,263,000. Finally, Morgan Stanley boosted its position in Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after buying an additional 794,289 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Price Performance MU stock opened at $975.26 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.62 and a beta of 2.22. The company’s fifty day simple moving average is $929.44 and its 200 day simple moving average is $754.92. Micron Technology, Inc. has a 12-month low of $153.21 and a 12-month high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the business posted $1.91 EPS. The business’s revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current year. Micron Technology Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.
Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on MU shares. Susquehanna boosted their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Wolfe Research set a $1,500.00 price objective on Micron Technology in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $1,295.63.
Check Out Our Latest Research Report on Micron Technology
Key Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Insiders Place Their Bets In other Micron Technology news, EVP April Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott Allen sold 879 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 in the last 90 days. Company insiders own 0.24% of the company’s stock.
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Recommended Stories Five stocks we like better than Micron Technology Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity? Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Oakmont Investment Advisors Inc. ve 2. čtvrtletí otevřela novou pozici v Micron Technology v hodnotě přibližně 12,584 milionu USD. Akcie MU nyní tvoří přibližně 8,8 % jejího portfolia, což z nich dělá největší položku jejího portfolia.
Oakmont Investment Advisors Inc. acquired a new position in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,902 shares of the semiconductor manufacturer’s stock, valued at approximately $12,584,000. Micron Technology accounts for approximately 8.8% of Oakmont Investment Advisors Inc.’s portfolio, making the stock its largest holding.
Other institutional investors have also recently made changes to their positions in the company. Heritage Trust Co lifted its position in shares of Micron Technology by 9.7% in the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after buying an additional 1,323 shares in the last quarter. Denali Advisors LLC bought a new stake in Micron Technology in the 2nd quarter worth approximately $7,364,000. Castleark Management LLC bought a new stake in Micron Technology in the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. raised its holdings in shares of Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after acquiring an additional 6,702 shares in the last quarter. Finally, Legacy Wealth Management LLC MS boosted its position in shares of Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after acquiring an additional 1,499 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Analyst Ratings Changes Several analysts have recently issued reports on MU shares. Royal Bank Of Canada upped their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. DA Davidson increased their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company boosted their target price on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Needham & Company LLC boosted their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $1,295.63.
Get Our Latest Stock Report on Micron Technology Key Headlines Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Micron Technology Trading Down 0.2% MU opened at $975.26 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $929.44 and its two-hundred day moving average is $754.92. The company has a market capitalization of $1.10 trillion, a P/E ratio of 22.08, a PEG ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $153.21 and a 52 week high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the business earned $1.91 EPS. The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.
Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is presently 1.36%.
Insider Buying and Selling In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Allen sold 879 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 177,204 shares of company stock valued at $182,156,264 over the last quarter. 0.24% of the stock is owned by company insiders.
(Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Recommended Stories Five stocks we like better than Micron Technology Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.
Old Mission Investment Co LLC ve 2. čtvrtletí koupila nový podíl v Micron Technology za zhruba 1,164 milionu USD. Firma zároveň oznámila EPS 25,11 USD a tržby 41,46 miliardy USD, obojí nad odhady.
Old Mission Investment Co LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,008 shares of the semiconductor manufacturer’s stock, valued at approximately $1,164,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Montgomery Financial Services LLC purchased a new stake in shares of Micron Technology in the second quarter worth about $38,000. JNBA Financial Advisors grew its holdings in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 17 shares during the period. Ramsey Quantitative Systems acquired a new stake in Micron Technology during the second quarter worth about $46,000. RHL Group LLC purchased a new position in Micron Technology during the second quarter valued at approximately $47,000. Finally, Philadelphia Investment Partners LLC purchased a new position in Micron Technology during the second quarter valued at approximately $54,000. 80.84% of the stock is owned by institutional investors and hedge funds.
Micron Technology Price Performance Micron Technology stock opened at $975.26 on Friday. The stock has a market capitalization of $1.10 trillion, a P/E ratio of 22.08, a P/E/G ratio of 0.62 and a beta of 2.22. The company’s fifty day moving average price is $929.44 and its 200 day moving average price is $754.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology, Inc. has a 1 year low of $153.21 and a 1 year high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year. Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.
Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Insider Activity at Micron Technology In other news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,204 shares of company stock worth $182,156,264 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts have commented on MU shares. UBS Group restated a “buy” rating on shares of Micron Technology in a research report on Monday, August 10th. Zacks Research lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Citigroup decreased their target price on shares of Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a report on Monday, June 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $1,295.63.
View Our Latest Stock Report on Micron Technology
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
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Maestria Partners LLC ve 2. čtvrtletí koupila nový podíl v Micron Technology za zhruba 13,851 milionu USD. Drží 12 000 akcií, což tvoří 4,8 % portfolia.
Maestria Partners LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,000 shares of the semiconductor manufacturer’s stock, valued at approximately $13,851,000. Micron Technology accounts for 4.8% of Maestria Partners LLC’s investment portfolio, making the stock its 12th biggest holding.
A number of other hedge funds also recently made changes to their positions in MU. Brighton Jones LLC boosted its position in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares during the period. United Bank bought a new stake in shares of Micron Technology during the second quarter valued at about $236,000. Schnieders Capital Management LLC. raised its stake in shares of Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Micron Technology by 5.6% in the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after purchasing an additional 21,619 shares during the period. Institutional investors own 80.84% of the company’s stock.
Analysts Set New Price Targets A number of research firms recently commented on MU. Wells Fargo & Company raised their price objective on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Susquehanna increased their price target on Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. The Goldman Sachs Group lifted their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research note on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average target price of $1,295.63.
Get Our Latest Analysis on Micron Technology Micron Technology Stock Down 0.2% Micron Technology stock opened at $975.26 on Friday. Micron Technology, Inc. has a twelve month low of $153.21 and a twelve month high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm has a market cap of $1.10 trillion, a PE ratio of 22.08, a P/E/G ratio of 0.62 and a beta of 2.22. The firm’s 50 day moving average price is $929.44 and its two-hundred day moving average price is $754.92.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.
Micron Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.
Micron Technology News Roundup Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Insiders Place Their Bets In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 in the last ninety days. Company insiders own 0.24% of the company’s stock.
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Read More Five stocks we like better than Micron Technology Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model Kroger’s Textbook Entry for Buy-and-Hold Investors AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window Amgen Drops 10% on a Trial It Didn’t Even Run Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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NEOS Investment Management zvýšila ve 2. čtvrtletí podíl v Micron Technology o 8,8 % na 848 739 akcií, což je její 5. největší pozice. Micron tvoří asi 3,6 % portfolia fondu.
NEOS Investment Management LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 848,739 shares of the semiconductor manufacturer’s stock after purchasing an additional 68,714 shares during the period. Micron Technology accounts for approximately 3.6% of NEOS Investment Management LLC’s portfolio, making the stock its 5th biggest position. NEOS Investment Management LLC owned about 0.08% of Micron Technology worth $979,691,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. M.E. Allison & CO. Inc. increased its holdings in Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after buying an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC lifted its stake in Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after acquiring an additional 13 shares during the last quarter. Bellevue Asset Management LLC grew its position in Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock worth $74,000 after acquiring an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its position in Micron Technology by 8.8% in the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock worth $186,000 after acquiring an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its stake in shares of Micron Technology by 0.7% during the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after purchasing an additional 14 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
Micron Technology Trading Down 0.2% Micron Technology stock opened at $975.26 on Friday. The business has a 50 day moving average price of $929.44 and a two-hundred day moving average price of $754.92. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.10 trillion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a 12 month low of $153.21 and a 12 month high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current year. Micron Technology Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.
Analysts Set New Price Targets Several equities research analysts recently issued reports on the stock. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Stifel Nicolaus raised their target price on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Wells Fargo & Company boosted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Barclays upped their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $1,295.63.
Check Out Our Latest Analysis on Micron Technology
Insider Buying and Selling In other news, Director Lynn Dugle sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 177,204 shares of company stock worth $182,156,264. Insiders own 0.24% of the company’s stock.
Key Headlines Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Read More Five stocks we like better than Micron Technology Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model Kroger’s Textbook Entry for Buy-and-Hold Investors AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window Amgen Drops 10% on a Trial It Didn’t Even Run
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Micron těží z obrovské poptávky po pamětech s vysokou šířkou pásma pro AI a ve fiskálním 3. čtvrtletí zvýšil výnosy na 41,5 miliardy USD a zisk na 24,67 USD na akcii.
Micron Technology (MU -0.22%) has been one of the leaders of this next phase of the artificial intelligence (AI) boom. Its high bandwidth memory chips, built to handle AI workloads, are essential components of AI infrastructure. After all, for AI computing to work, it needs quick access to data. That's where Micron comes in.
As one of just three major players in high bandwidth memory chips, Micron is one of the market leaders. And demand is so high right now, Micron cannot make chips fast enough. Micron long ago sold out of its high bandwidth memory chips for 2026, and now, according to reports, it is essentially sold out for all of 2027.
Image source: Getty Images.
This insatiable demand has given Micron pricing leverage, enabling it to charge higher prices and leading to surging revenue and earnings. Every quarter, it is hitting new records. In its fiscal Q3, Micron generated $41.5 billion in revenue, up 82% from Q2 and 357% year over year. Earnings soared 104% to $24.67 from Q2 and grew 1,368% year over year.
These are just staggering numbers that have translated into eye-popping returns. Micron stock is up 628% over the past 12 months and 245% year-to-date.
Micron is also a deep value play Where does Micron go from here? Its forward price-to-earnings ratio, which projects earnings 12 months out, and its price/earnings-to-growth (PEG) ratio, which looks out five years, depict unyielding growth.
The forward P/E ratio is just 6 -- which puts it in deep value stock territory. In reality, it means that earnings growth is expected to be so strong that the rising stock price will seem muted by comparison.
Further out, the five-year PEG ratio is just 0.15, which is ridiculously low. Given that anything under 1 is considered a value relative to its long-term earnings growth expectations, a PEG ratio of just 0.15 is also in deep value territory.
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Because the PEG ratio looks five years out, it suggests that analysts expect the memory chip boom to last for another five years. That roughly syncs with the expectations of many strategists and experts, who see the AI buildout boom lasting until 2029 or 2030. At that point, the necessary factories and infrastructure will be able to meet the demand for memory chips. When that happens, Micron's earnings growth will level off and stabilize, as supply will likely meet demand and Micron will lose some of its pricing power.
Where will Micron be a decade out? It is impossible to know exactly what will happen over the next 10 years, because Micron is taking steps now to ensure its dominance for years to come, even beyond the boom years.
Specifically, it has been signing long-term five-year contracts with customers called strategic customer agreements (SCAs). In the last quarter, it signed 16 of them with tier 1 (major) clients, with more to come. It projects that the SCAs will generate more than $100 billion in revenue over the course of the contracts, as a floor.
Following the Q3 earnings call, some of those SCA clients were announced, including Ford Motor Company, General Motors, and several automotive industry suppliers. The SCAs were also signed with data center, consumer device, and industrial customers. On the earnings call, CEO Sanjay Mehrotra said there were four very large SCA customers, including data center customers, which likely means some of the major hyperscalers.
"These SCAs accelerate the transformation of our business model. Enhance partnership in technology and innovation, and provide customers with contracted supply assurance," Mehrotra said on the Q3 call with analysts.
When these contracts are all executed, they will account for at least half of the company's revenue.
Beyond five years, it is difficult to predict where Micron will be. Given what is known about the company and its plans, I would expect its growth rates to moderate, yet it should remain an essential cog in the AI economy, which should continue to grow and flourish. As one of just a handful of major players within the memory chip universe, I would expect Micron to be a solid, mature grower. That bodes well for the long-term investing thesis of this stock.
Micron sice těží z nedostatku paměťových čipů a tržby za poslední čtvrtletí vzrostly o 345 %, ale podle článku nemá trvalou konkurenční výhodu jako Nvidia.
In 2025, Nvidia (NVDA -0.03%) became the first company to achieve a $5 trillion market cap as the artificial intelligence (AI) boom drove its business to new heights. The stock has added 1,390% since the AI boom began in January 2023, and Nvidia is still the world's most valuable company today.
In 2026, Micron Technology (MU -0.22%) achieved a $1 trillion market value just 48 days after reaching $500 billion, the fastest pace on record. The stock has added 1,860% since the AI boom began in January 2023, and its business is flourishing today due to a memory chip supply shortage.
Could Micron eventually be a $5 trillion company? Here's what investors should know.
Image source: The Motley Fool
Nvidia is a full-stack computing companyNvidia designs differentiated chips that are generally superior to alternative solutions. Its graphics processing units (GPUs) are considered the gold standard in accelerating artificial intelligence (AI) workloads. But the company also combines those chips with networking, software, and other hardware to create powerful rack-scale compute platforms.
Nvidia has pricing power for a number of reasons. Its GPUs routinely deliver better results than other AI accelerators when benchmarked across training and inference tasks. Most AI applications are built around its CUDA software platform, which creates a lock-in effect because switching accelerators often requires costly, time-consuming code changes.
Additionally, Nvidia's full-stack strategy that spans hardware and software lets it optimize data center systems for performance and power efficiency in ways that most competitors cannot. That edge typically means Nvidia systems have the lowest total cost of ownership, according to CEO Jensen Huang.
Here's the big picture: Nvidia dominates the AI infrastructure market. It accounts for more than 80% of AI accelerator sales, it's the largest networking company in the world, and it's on pace to be the leading supplier of central processing units (CPUs) this year. Ultimately, Nvidia's involvement at every critical layer of the data center means it would be difficult to displace the company.
Micron is the third-largest memory chip manufacturerMicron manufactures memory and data storage solutions built on DRAM and NAND flash technology. CPUs store information on NAND (long-term memory) and use DRAM (working memory) to perform tasks. Also, GPUs use a specialized type of DRAM called high-bandwidth memory (HBM) to accelerate complex tasks like AI by rapidly feeding data to the processor's cores.
Micron has benefited greatly from a critical supply shortage in memory chips fueled by the AI boom. However, the company ranks third in DRAM, HBM, and NAND market share after Samsung and SK Hynix, and it lacks a durable competitive advantage because memory chips are considered commodities, as chips from different suppliers are interchangeable.
"We do not believe Micron has an economic moat," wrote William Kerwin at Morningstar. "We view DRAM and NAND as commodity-like products prone to market supply/demand dynamics and steady pricing erosion." However, he also believes the AI boom will create a strong upcycle for the company in the medium term.
Here's the big picture: Micron manufacturers memory chips critical to AI workloads, and the company is growing at a phenomenal pace. Revenue rose 345% last quarter. But price increases made possible by a supply shortage (not something unique about Micron) were the driving force behind that growth, and history says that supply shortage will eventually become a supply glut that causes prices to crater.
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975.26
Micron is unlikely to be a $5 trillion company in the near futureTo summarize, Nvidia possesses structural pricing power because it designs cutting-edge silicon, networking, and software that are difficult for competitors to replicate. But Micron lacks structural pricing power because its commoditized chips are easily replicated, so prices are largely dictated by supply and demand.
Ultimately, Micron has very little chance of becoming the next Nvidia because it lacks a durable competitive advantage and its sales are tied to a highly cyclical market. Historical data corroborates that idea. In the last decade, Micron stock has dropped more than 25% on five occasions, while Nvidia stock has dropped more than 25% on just three occasions.
That past volatility probably foreshadows what investors can expect in the future. Micron currently trades at 22 times earnings, which matches the 10-year average. If memory chip prices fall when the supply shortage eases, as they have following past supply shortages, Micron stock could drop sharply as its earnings decline. For that reason, I doubt Micron will be worth $5 trillion any time soon.
Micron oznámil rekordní výhled tržeb pro 4. fiskální čtvrtletí: 50 miliard USD ± 1 miliarda a hrubou marži kolem 86 %. Akcie přesto ve čtvrtek klesly o 4,9 %.
Micron just posted the highest revenue guidance in its history while the shortage fueling its growth gets worse, yet Wall Street wiped out tens of billions in market cap anyway. The signal hiding inside that contradiction is worth understanding before…
You don’t often see a trillion-dollar chipmaker shed tens of billions of dollars in market capitalization on a day when the shortage driving its earnings worsens. That is what happened to Micron Technology (NASDAQ:MU | MU Price Prediction) on Thursday.
The stock closed at $977.41, down 4.9% in the session. On the same day, Chinese AI chipmakers are raising prices on forthcoming Huawei and Cambricon accelerators because high-bandwidth memory has become prohibitively scarce and expensive in the grey channel there.
Those Chinese price signals do not translate cleanly into Micron revenue, because export restrictions distort that channel. They speak to global memory tightness rather than to sales into China. Micron is one of three companies that dominate advanced high-bandwidth memory production, alongside SK Hynix and Samsung, so scarcity in that market accrues mechanically to those three balance sheets.
Fifty-Seven Billion Gone in a Session Micron’s fiscal Q3 2026 revenue came in at $41.46 billion, beating the $35.25 billion consensus by 17.60% and rising 345.7% year over year. Non-GAAP EPS of $25.11 beat the $20.28 consensus by 23.79%, the seventh consecutive EPS beat.
GAAP gross margin ran at 84.6%, with non-GAAP at 84.9%. Operating income of $33.32 billion rose 1,436% year over year. Free cash flow was $18.30 billion on capex of $7.83 billion.
Guidance for fiscal Q4 calls for revenue of $50 billion plus or minus $1 billion, non-GAAP EPS of $31 plus or minus $1, and gross margin of approximately 86%. It is the highest revenue outlook the company has ever issued.
CEO Sanjay Mehrotra said DRAM and NAND demand keeps outrunning supply and management does not yet have “line of sight as to when memory supply will be able to catch up with increasing demand”. That is the operating context the market discounted this week.
What The Contract Book Says Micron has signed 16 Strategic Customer Agreements, typically five-year take-or-pay contracts, covering roughly 20% of DRAM volume and a third of NAND volume over the agreement period. Fourteen of the sixteen carry a minimum-price commitment worth about $100 billion cumulatively.
Micron is collecting roughly $18 billion in cash deposits and $4 billion in letters of credit against those obligations. Management described the deposits as separate binding commitments held during performance of the agreements.
HBM4 12-high volume ramp is tracking twice as fast as HBM3E 12-high, with over $1 billion in HBM4 revenue already shipped. Management expects tight supply-demand conditions to “persist beyond calendar 2027”, with only gradual improvement in 2028.
That is a pricing regime. The contract book converts it into visible revenue.
Market Reaction Over the past week, the stock is up 2.01%, over the past month up 12.54%, and year to date up 242.67%. One-year performance is 599.28%.
The post-earnings reversal after fiscal Q3 was severe. The day-of move was +15.74%, but the one-week change was -19.61% and the thirty-day change was -32.39%. Over the same thirty days, SPY returned 0.89%, and Invesco QQQ Trust (NYSEARCA:QQQ) returned -5.71%.
All 8 recorded earnings periods in the reaction history were beats, with an average one-week change of -3.44%. The Q3 26 one-week and thirty-day drawdowns are the largest in that record.
An Intel (NASDAQ:INTC)-backed start-up entering the memory-chip market also added a competitive overhang to the session.
Bull Case Hear the bear case first, because it has teeth. Memory has always been cyclical; the supply that cures a shortage is usually already being built, and the ten-year Treasury sits at 4.83%, the high of the supplied one-year series.
WTI crude is at $100 a barrel as of this writing, keeping the rate-shock scenario alive for growth semis. A stock up 242.67% year to date has priced in a great deal of good news.
The bull case still wins on the evidence. Q4 guidance of $50 billion in revenue at an 86% gross margin describes a business selling into a worsening shortage while locking customers into multi-year minimums. Forward PE sits at 6x against a trailing PE of 23x, with an analyst target price of $1,513.11 and 9 strong buys plus 35 buys versus 4 holds and 0 sells.
Bottom Line The Chinese HBM price signal, the Q4 guide and the contract book all point in the same direction, even as the stock moves the other way. If you own Micron for the AI memory cycle, this session is noise against a lengthening shortage (the power, cooling, and networking suppliers riding the same buildout are the subject of a free report we put together here).
The forward catalyst worth watching is capital returns. Management said it intends to increase them from December 9, 2026, the second anniversary of the definitive CHIPS agreements, and said that “over time, we expect to return 100% of our excess cash to shareholders”.
A trillion-dollar memory maker selling into a shortage it cannot fully supply is a rare setup. The market gave a cheaper entry into an intact thesis.
Is MU Stock a Buy? Micron looks attractive for long-term holders who can tolerate the volatility. The valuation looks demanding on trailing metrics and cheap on forward earnings; the shortage is intensifying, and the Strategic Customer Agreements give the next several years unusual revenue visibility for a memory maker.
SK Hynix (NASDAQ:SKHY) and Samsung compete for the same HBM demand, but the three-supplier structure benefits Micron directly, and it remains the only U.S.-based memory manufacturer. The real risk is macro. If the ten-year keeps climbing from 4.83% and WTI stays above $90, multiples in growth semis will compress regardless of fundamentals.
On balance, the fundamentals outweigh the macro overhang, and the stock has already done part of the work of resetting the entry. Verdict: Buy.
Contact [email protected] for any questions or corrections.
Micron uzavřel 16 dlouhodobých dohod s odběrateli, které pokrývají asi 20 % objemu DRAM a třetinu NAND a mají zlepšit stabilitu cen i poptávky. Tyto kontrakty představují zhruba 100 miliard USD zbývajících závazků z minimálních objemů a cen.
Key Takeaways Micron has signed 16 customer agreements covering about 20% of DRAM volume and one-third of NAND volume.MU's deals represent about $100B in remaining performance obligations from committed volumes and pricing.MU's take-or-pay deals use fixed prices or pricing bands to help protect against severe memory-price declines. Micron Technology, Inc. (MU - Free Report) is taking steps to reduce one of the biggest challenges in the memory industry — sharp swings in revenues and profits. Its new Strategic Customer Agreements (SCAs) could provide more predictable demand and pricing while helping the company manage future memory cycles.
Micron has signed 16 SCAs covering customers across data centers, consumer markets and automotive. Most agreements run for five years through 2030, while automotive deals generally run for three years. Together, the contracts represent about 20% of Micron’s DRAM volume and one-third of its NAND volume.
The financial impact could be significant. During its third-quarter fiscal 2026 results, Micron revealed the SCAs signed so far represent about $100 billion of remaining performance obligations based on minimum committed volumes and pricing. The company also expects to receive about $22 billion in customer deposits and related financial commitments, with roughly $18 billion expected as cash deposits.
The key benefit is greater stability. The agreements are structured as take-or-pay contracts, meaning customers commit to specific volumes. Many also include fixed prices or price floors and ceilings. This can protect Micron from severe pricing declines during weaker memory cycles.
Micron’s recent results show why it is betting on SCAs. Third-quarter revenues jumped to $41.46 billion from $9.30 billion a year earlier, while non-GAAP earnings surged to $25.11 per share from $1.91. This is a massive year-over-year swing, primarily boosted by the ongoing AI-driven demand for memory and storage.
As SCAs expand, MU could gain greater earnings visibility and stronger cash flow planning. This will make Micron's growth story less dependent on short-term memory pricing and potentially more durable over the long term.
MU Rivals’ Strategy to Reduce Business CyclicalitySK hynix (SKHY - Free Report) and Sandisk Corporation (SNDK - Free Report) are pursuing strategies similar to Micron by building stronger customer commitments.
SK hynix has finalized long-term agreements with around 10 customers. These multi-year deals are designed to improve supply stability and support longer-term growth. In the second quarter of 2026, SK hynix’s revenues jumped 257% year over year to 79.32 trillion Korean won, while operating profit soared 557% to 60.54 trillion won.
Sandisk is also moving toward longer-term customer contracts through its New Business Model agreements. The company has signed eight such agreements, covering about 50% of its bits in fiscal 2027 and roughly two-thirds in fiscal 2028. These contracts include committed volumes, financial guarantees and pricing structures that can reduce exposure to traditional NAND price swings.
SanDisk's strategy is already supported by strong growth. The company’s fiscal 2026 revenues rose 175% to $20.25 billion, while data center revenues increased 437%.
For Micron, these competitors show that long-term contracts are becoming an important tool across the memory industry. However, Micron's 16 SCAs, covering about 20% of DRAM and one-third of NAND volume, give it significant visibility as it seeks to reduce earnings volatility.
Micron’s Price Performance, Valuation and EstimatesShares of Micron have surged around 242.3% year to date compared with the Zacks Computer and Technology sector’s return of 18%.
From a valuation standpoint, MU trades at a forward price-to-earnings ratio of 6.16, significantly lower than the sector’s average of 20.63.
Micron Technology 12-Month Forward P/E Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Micron’s fiscal 2026 and 2027 earnings implies a year-over-year increase of 791% and 113.7%, respectively. Bottom-line estimates for fiscal 2026 have been revised upward over the past 60 days, while estimates have been raised upward for fiscal 2027 in the past 30 days.
Image Source: Zacks Investment Research
Micron currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AXQ Capital LP cut its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 66.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,006 shares of the semiconductor manufacturer’s stock after selling 5,849 shares during the quarter. AXQ Capital LP’s holdings in Micron Technology were worth $3,470,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JNBA Financial Advisors boosted its stake in shares of Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 17 shares during the period. Ramsey Quantitative Systems purchased a new stake in Micron Technology during the 2nd quarter worth $46,000. RHL Group LLC purchased a new stake in Micron Technology during the 2nd quarter worth $47,000. Philadelphia Investment Partners LLC acquired a new position in Micron Technology in the 2nd quarter worth $54,000. Finally, Signature Resources Capital Management LLC lifted its holdings in Micron Technology by 1,125.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock worth $57,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Key Headlines Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Micron has reportedly signed multiyear strategic customer agreements covering approximately $22 billion in memory supply through 2030, including guaranteed floor prices. The contracts could improve revenue visibility and reduce the impact of the traditional memory-chip cycle. Micron: The Show Goes On Positive Sentiment: AI data-center demand continues to strain DRAM and high-bandwidth memory supplies. Micron is reportedly only 1.6 percentage points behind the No. 2 DRAM supplier after narrowing a 6.4-point gap in one quarter, suggesting potential market-share gains. Micron Is 1.6 Points From Taking the No. 2 Spot in DRAM Positive Sentiment: Recent results were exceptionally strong: quarterly revenue rose 345.8% year over year to $41.46 billion, while earnings exceeded analyst estimates. Analysts remain focused on whether elevated memory pricing and AI demand can support another leg higher. Micron’s Earnings Could Be a Catalyst for AI Neutral Sentiment: Investors are looking ahead to Micron’s September 30 earnings report for evidence that margins, memory prices and demand remain durable after the stock’s major AI-driven rally. A bullish outlook points to multiyear supply shortages, while historical memory cycles remain a concern. Micron’s Boom-and-Bust Risk Negative Sentiment: Thursday’s decline reflected a wider memory-stock selloff as rising oil prices increased inflation and interest-rate concerns, pressuring high-beta technology shares. Why Memory Stocks Are Falling Negative Sentiment: Valuation concerns have intensified after MU’s 662% one-year rally. Critics argue much of the AI upside is already reflected in the stock, while dependence on a major customer and the possibility of renewed memory oversupply create downside risk. Micron’s Rally Created a Problem Wall Street Cannot Ignore Negative Sentiment: Intel-backed startup Kepler Computing is targeting the memory-chip market, raising longer-term competitive concerns. Investors are also questioning whether China’s AI-chip development could eventually weaken Micron’s pricing power. Intel-Backed Startup Takes Aim at Memory Micron Technology Price Performance Shares of MU stock opened at $977.41 on Friday. The firm has a fifty day moving average of $929.44 and a two-hundred day moving average of $753.37. The firm has a market cap of $1.10 trillion, a P/E ratio of 22.13, a P/E/G ratio of 0.65 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $147.61 and a 1-year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the company posted $1.91 earnings per share. The company’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.
Micron Technology Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.
Insiders Place Their Bets In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lynn Dugle sold 1,300 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 177,204 shares of company stock worth $182,156,264. Corporate insiders own 0.24% of the company’s stock.
Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on MU. Wolfe Research set a $1,500.00 target price on Micron Technology in a research note on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Mizuho cut their price target on Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Barclays increased their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, DA Davidson raised their price objective on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,295.63.
Get Our Latest Stock Analysis on Micron Technology
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
See Also Five stocks we like better than Micron Technology AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).
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Micron oznámil pro zaměstnance na Tchaj-wanu rekordní odměny za fiskální rok 2026 ve výši 35 až 68 měsíčních platů. Firma uvedla, že jde o její nejsilnější výplaty vůbec.
The artificial intelligence boom is reshaping the economics of the semiconductor industry, delivering windfall profits for memory-chip makers while giving workers greater leverage to demand a larger share of those gains.
Micron Technology MU said on Friday that direct labour employees in Taiwan would receive bonuses equivalent to 35 to 68 months of pay for fiscal 2026, with minimum cash compensation of NT$1.7 million (approx. $53,028.88).
Micron described the payouts as its strongest ever.
More than 60,000 employees globally will receive fiscal 2026 rewards, the company said.
The announcement came as unions representing about two-thirds of Micron’s workforce in Taiwan have signalled widespread support for a strike.
Two unions representing roughly 10,000 employees at Micron’s Taoyuan and Taichung facilities have been pushing for changes to the company’s bonus structure.
The latest rewards include a NT$1 million (approx. $31,193.46) cash bonus for Taiwan employees who joined before August 29, 2025.
For entry-level engineers, total rewards will average NT$3.4 million (approx. $106,057.76), including about NT$2.9 million (approx. $90,461.03) in cash compensation, with the remainder comprising equity at grant value.
Every employee will also receive an annual equity grant, according to Micron.
The company employs about 15,000 people in Taiwan, one of its most important manufacturing hubs, and has invested more than NT$1.6 trillion (approx. $49.9 billion) in the island.
The size of the payouts reflects the extraordinary turnaround in the memory-chip industry as demand for components used in AI infrastructure has surged.
Memory makers have benefited from higher prices for DRAM, NAND and high-bandwidth memory, or HBM, as technology companies race to build increasingly powerful AI data centres.
For workers, the boom has created an opportunity to demand a larger share of the profits generated by the industry’s rapid expansion.
Micron is not alone in facing pressure from employees over compensation.
Samsung Electronics, one of the world’s three major producers of DRAM and HBM chips required for AI systems, spent months in a dispute with workers over bonus payments earlier this year.
The dispute reflected growing frustration among Samsung employees over what they saw as a widening gap with rival SK Hynix, which moved faster in supplying HBM products to Nvidia and other customers after the launch of ChatGPT in late 2022 accelerated demand for AI infrastructure.
The stakes escalated when more than 45,000 Samsung workers threatened to stage what would have been the largest strike in the conglomerate’s history from May 21.
A strike could have disrupted production of memory chips that have become critical components in AI data centres, smartphones and laptops.
A government-mediated agreement eventually brought the dispute to an end.
Under the agreement, chip workers would receive 50% of their annual salary as a regular cash bonus, according to the union.
Samsung would also set aside 10.5% of operating profit for special bonuses in the form of stock.
Of that pool, 40% would be distributed across the entire chip business, while the remainder would be used to reward employees in the memory-chip unit.
A memory-chip worker earning a base salary of ₩80 million (approx. $52,259.05) could reportedly receive total bonuses of about ₩626 million (approx. $408,927.08) this year.
That payout would still be below the more than ₩700 million (approx. $457,266.70) that SK Hynix employees could earn if the company reaches an annual profit of ₩250 trillion (approx. $163.3 billion).
SK Hynix has also been changing how it compensates workers as the value of its shares and profits have surged with the AI boom.
Last month, the South Korean chipmaker said it had reached a tentative wage agreement with employees under which at least 60% of this year’s bonuses would be paid in company stock, rather than entirely in cash as they were last year.
SK Hynix had agreed last year to share 10% of annual operating profit with workers in cash under an arrangement that was set to remain in place for 10 years.
This year, however, management’s proposal to shift more than half of the bonuses into shares faced resistance from some workers concerned about the volatility of the company’s stock.
Under the latest agreement, employees will receive 40% of their bonuses in cash and another 40% in stock that can be cashed out immediately.
The remaining 20% will be paid as deferred stock compensation, with half distributed after one year and the rest after two years.
The agreement also includes a 6.3% increase in base wages and allows the company to defer up to 3% of wages if SK Hynix records losses.
The debate over compensation illustrates a broader tension in the memory industry.
Chipmakers are investing heavily to expand capacity, but workers are also demanding compensation that reflects the exceptional profitability generated by AI demand.
The scale of these payouts is becoming significant enough to attract the attention of South Korea’s central bank.
In a June 17 report, the Bank of Korea said inflation this year had been driven largely by higher energy prices linked to the Iran war.
But it warned that even if the conflict subsides, inflationary pressures could gradually increase as household incomes improve and wage growth spreads.
The central bank specifically highlighted unusually large performance bonuses at major information-technology companies.
The BOK said bonuses would normally have a limited effect on demand because they do not represent permanent increases in income.
But unusually large special bonuses could change that dynamic if they lead to broader wage increases across the economy.
“special bonuses expand unusually and substantially,” the BOK said, warning that wage growth could spread into other sectors and create both supply- and demand-side inflationary pressures.
“In particular, because recent IT-sector performance bonuses have been paid on a highly exceptional scale, the possibility that their actual impact could be larger than expected cannot be ruled out,” it added.
The concern comes as South Korea’s economy is already benefiting from the semiconductor boom.
South Korea’s nominal GDP surged 21.9% in the first half of 2026 from the same period a year earlier, according to a BOK report released Thursday, with higher semiconductor export prices accounting for much of the increase.
“The recent surge in nominal growth is something we haven’t experienced since the high-growth era of the 1970s,” Park Jong-woo, deputy governor of the BOK, said.
“There will be a time lag, but we expect the effects to spread beyond semiconductors to other sectors.”
The effects could extend beyond wages and consumption.
The central bank said large bonuses could increase demand for housing around Seoul, where property prices are already rising in parts of the semiconductor belt, including Dongtan District and Yongin in Gyeonggi province.
That creates another potential complication for monetary policy.
Stronger wages, consumption and housing demand could add to inflationary pressures even if energy prices eventually ease.
For the BOK, the question is no longer simply how much semiconductor companies are earning.
It is how much of that wealth is being transferred to workers and then circulated through the wider economy.
“How strongly and how quickly robust exports led by the semiconductor sector spread to domestic demand and demand-side inflationary pressure will be an important consideration in setting the benchmark interest rate,” Kim Jong-hwa, a member of the BOK’s Monetary Policy Board, said.
“We need to determine the timing and pace of additional rate increases while monitoring changes in domestic and external conditions.”
Micron’s record payouts therefore mark more than a labour-cost increase for one chipmaker.
They reflect a broader shift in the economics of the AI boom, in which scarce technical skills, surging chip demand and record industry profits are giving workers greater leverage — while forcing policymakers to consider whether the benefits of the AI investment cycle could eventually feed into wages, consumption and inflation.
Micron je podle článku klíčovým beneficientem AI boomu, protože nedostatek pamětí HBM a DRAM tlačí ceny i poptávku vzhůru. Nvidia i Palantir podle něj potvrzují, že AI infrastruktura dál rychle roste.
When it comes to artificial intelligence (AI), two names seem to get more airtime than their peers: Nvidia (NVDA -2.29%) and Palantir Technologies (PLTR -2.18%). Over the current earnings season, investors have already gotten thorough downloads on how Nvidia and Palantir are performing. Spoiler alert: They both look unstoppable.
However, the company I think sits at the tightest choke-point in the entire AI infrastructure build-out is Micron Technology (MU -4.33%). The memory shortage has become the bottleneck that tech sector CEOs are talking about out loud. While Micron won't report its results till the end of the month, Nvidia and Palantir have already signaled the cycle is running in its favor.
Image source: Micron Technology.
Nvidia and Palantir confirmed the AI build-out continues Nvidia's latest earnings report was the kind of print that resets conversations. Total revenue was $96.2 billion, more than double what it took in during the year-ago quarter. Data center sales reached $89 billion, up 117% year over year. Naturally, hyperscalers still matter a lot to Nvidia's data center segment. Big tech customers comprised $48.7 billion of the company's data center sales. The faster-growing slice, however, was its "ACIE group" -- AI clouds, industrial customers, and enterprises. This market segment generated $40.3 billion in revenue, up 138% year over year and 25% from the prior quarter.
Palantir is achieving in software what Nvidia is in hardware. During the second quarter, its revenue surged 93% year over year to $1.9 billion. Sales from the U.S. commercial segment jumped 149% year over year to $764 million. Given this momentum, management raised full-year revenue guidance to a little over $8.2 billion, implying 82% growth.
Palantir's Artificial Intelligence Platform (AIP) is not a pilot project anymore. Fortune 500 companies are embedding Palantir's platforms -- Foundry, Gotham, and Apollo -- into their daily operations, and the company's bookings suggest its sales acceleration will continue.
These two reports were not isolated. Nvidia and Palantir are proving that both the hardware layer and the software layer of the AI revolution are still expanding at paces that most on Wall Street would have called unsustainable even just two years ago.
Upstream dollars are now flowing downstream The growth displayed by Nvidia and Palantir is excellent news for Micron because the AI stack is vertical. You can't sell more data center GPUs or more enterprise software platforms without putting a lot more high bandwidth memory (HBM) into the equation. Nvidia itself has made this abundantly clear. Last quarter, the company boosted its supply and capacity commitments through its fiscal 2032 by $160 billion to a total of $279 billion, with management saying the bulk of those commitments are for memory purchases.
Hyperscalers and AI-cloud operators continue to place enormous orders for Nvidia's GPUs. Software companies like Palantir then sell platforms and services that make these GPUs useful within production environments. The subtle beneficiary here is Micron, because every extra new accelerator installed and every AI deployment needs incremental stacks of HBM.
Micron is one of only three companies that can deliver these key types of memory at scale. DRAM pricing has soared because AI data centers are gobbling up a huge portion of available production. This shows how upstream success does not stay upstream. Downstream in the AI value chain, it manifests as tighter supply and better pricing for component makers like Micron.
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The market could recalibrate its view of Micron on Sept. 30 Micron reports its fiscal 2026 fourth-quarter results after the closing bell on Sept. 30. The consensus estimates among Wall Street analysts are that it will report $50.8 billion in revenue and about $31.28 in earnings per share (EPS). The reason Micron could actually beat these forecasts is that pricing and product mix keep moving in its favor. Next-generation HBM4 is ramping up for the next wave of Nvidia systems, while conventional DRAM supply remains tight.
To me, Micron's valuation story is a curiosity. On a trailing-12-month basis, Micron stock may look expensive because its earnings explosion is still catching up to the stock price. On a forward price-to-earnings (P/E) basis, however, Micron is trading more like a cyclical industrial stock as opposed to a company positioned in the middle of a multiyear infrastructure boom.
MU PE Ratio data by YCharts.
Nvidia and Palantir are already priced like true AI winners -- deservedly so. On a forward earnings basis, Micron remains priced like a commoditized memory producer that investors expect to eventually repeat its familiar boom-and-bust cycle. Yet memory is now a scarce resource, and every GPU produced and every enterprise AI system deployed needs it to function. If Micron merely delivers what Wall Street expects and then confirms that demand remains robust, its valuation multiple has significant room to expand alongside its still-rising earnings. That is why, in this particular month, Micron looks like the most important AI infrastructure stock.
Akcie výrobců pamětí ve čtvrtek prudce oslabily, protože růst cen americké ropy WTI nad 100 USD za barel zhoršil obavy z inflace a vyšších sazeb. Micron a SanDisk klesly asi o 4 %, SK Hynix o více než 5 %.
Memory stocks fell sharply on Thursday as a jump in oil prices intensified broader market concerns about inflation and higher interest rates, weighing on high-beta technology shares.
Micron Technology MU and SanDisk each fell about 4%, while SK Hynix dropped more than 5%.
Seagate Technology declined 2.3%, and Western Digital was down about 3.7%.
The selling came as the broader market also weakened.
The S&P 500 and Dow Jones Industrial Average were both down about 0.6%, while the Nasdaq Composite fell 0.7%.
The Philadelphia Semiconductor Index declined 2.7%, with more volatile memory stocks taking a larger hit.
Investor sentiment deteriorated as US oil prices moved above $100 a barrel amid growing concerns that the conflict between the United States and Iran could keep energy prices elevated.
West Texas Intermediate futures for October rose above $100 a barrel, while Brent crude futures for November climbed above $105.
The oil surge also pushed the 10-year US Treasury yield above 4.9%, its highest level since November 2023.
Higher energy prices and bond yields can weigh particularly heavily on growth-oriented technology stocks by raising concerns about inflation and borrowing costs.
"The recent run-up in prices lays bare the market’s approach: this conflict will last longer than anticipated even a month ago, let alone at the beginning of the summer. If oil supply and exports are diminished, the oil balance remains tight , and prices remain elevated," PVM analyst John Evans said in a Reuters report.
A tame wholesale inflation report did little to ease concerns over the prospect of higher interest rates and surging oil prices.
The producer price index, a measure of wholesale inflation, rose a seasonally adjusted 0.4% in August, matching the Dow Jones consensus estimate.
On an annual basis, PPI increased 5.4%, remaining well above the Federal Reserve’s 2% inflation target.
The data came ahead of Friday’s closely watched consumer price index report.
Both the PPI and CPI feed into the Fed’s preferred inflation gauge, the personal consumption expenditures price index, which will not be released until after the central bank’s Sept. 16 interest-rate decision.
“The PPI release itself was inconclusive, in that doesn’t really help to settle the question of ‘hike or no hike’ from the Fed next week, but WTI oil prices surging back above $100 and Treasury yields hitting new highs is certainly raising the stakes for investors ahead of tomorrow’s crucial CPI report,” wrote Stephen Coltman, head of macro at 21Shares.
Fed funds futures were last pricing in a 74% probability of a quarter-point rate hike at the conclusion of next week’s meeting, according to the CME FedWatch Tool.
Goldman Sachs has identified early signs that investor interest in memory stocks is returning after a relatively quiet summer.
The firm said Micron and SanDisk are beginning to break out of downtrends that had constrained their shares during the summer.
Despite Thursday's decline, Micron remains up about 3% over the past five trading sessions, while SanDisk has gained more than 9% over the same period.
The potential shift comes as positioning across the broader artificial intelligence trade remains relatively subdued.
Goldman’s prime brokerage data showed gross leverage among US fundamental long/short hedge funds at the 27th percentile of the past year, while net leverage was only at the fourth percentile.
Options activity has also cooled.
The CBOE Semiconductor ETF Volatility Index has fallen to around 36 from roughly 65 in July, indicating a significant decline in expected swings across semiconductor stocks.
That combination could give investors who reduced their exposure during the summer room to rebuild positions if strong AI-related demand for memory continues.
The fundamental outlook is also providing support for the sector.
Susquehanna analyst Mehdi Hosseini expects average prices for dynamic random-access memory, or DRAM, to increase 50% sequentially during the current quarter, followed by another 20% increase in the fourth quarter of 2026.
That would provide a significant tailwind for Micron.
NAND flash prices are expected to rise even more sharply.
Hosseini forecasts a 60% sequential increase in NAND prices this quarter, followed by another 25% rise in the following quarter, potentially benefiting SanDisk.
The next major catalyst for Micron will be its fiscal fourth-quarter earnings, due on September 30.
Analysts expect revenue to reach about $50.8 billion, compared with management's guidance of roughly $50 billion.
Non-GAAP earnings are forecast at $31.28 per share, representing a 932% increase from the fourth quarter of 2025 and broadly matching the company’s guidance.
Micron is a major supplier to the AI industry, with about 24% of the DRAM market and 15% of the NAND market.
Strong results would therefore provide an important read-through for other memory companies, including SanDisk.
The extraordinary gains in memory stocks have nevertheless raised questions about whether valuations have run too far.
Micron has gained more than 600% over the past year, while SanDisk has surged more than 2,200%.
Yet their valuations remain below the broader technology sector on a trailing earnings basis, with Micron trading at about 21 times earnings and SanDisk at around 20 times, compared with a technology-sector average of roughly 32 times.
A bigger concern is whether memory manufacturers will add too much capacity and eventually trigger a supply glut if demand weakens.
For now, however, AI demand appears to be providing a substantial buffer, particularly in high-bandwidth memory, or HBM, used in advanced AI systems.
Demand for HBM is "already more than double the current supply and still growing very fast," D.A. Davidson managing director Gil Luria said in the MarketWatch report.
Therefore, even if Micron significantly expands its HBM capacity, it "will likely not be enough to meet demand in that timeframe," Luria said in emailed comments to the publication.
That tight supply-demand balance remains central to the bullish case for memory stocks, even as Thursday’s market-wide selloff highlights the risks posed by oil prices, inflation and higher interest rates.
Micron uzavřel závazné víceleté smlouvy na dodávky pamětí s garantovanými minimálními cenami, což podle analytiků podporuje valuaci kolem 1,16 bilionu USD. Wall Street čeká za srpnové čtvrtletí upravený zisk na akcii kolem 31,28 USD.
Micron just signed binding contracts covering years of memory supply at guaranteed floor prices, and analysts are pointing to a forward earnings multiple that makes the trillion-dollar valuation look cheap. The bear case, though, hinges on a single customer.
Wall Street expects Micron Technology (NASDAQ:MU | MU Price Prediction) to report roughly $31.28 in adjusted earnings per share for the August quarter, according to consensus tracked by Barron’s, against $3.03 a year earlier. That tension is driving today’s valuation debate.
Micron’s market capitalization sits near $1.16 trillion, and shares have risen 661.19% over the past year to $1,027.77. The company-confirmed report is due after the closing bell on June 24, 2026, though the fiscal August period is now the focal report for the trillion-dollar question.
Although the market may be pricing in a cyclical peak, the structural shift in memory demand tilts the evidence cautiously toward a durable rerating.
Contracted Demand Reshapes the Cyclical Argument Micron has signed 16 Strategic Customer Agreements covering roughly 20% of DRAM volume and a third of NAND volume through 2030. CEO Sanjay Mehrotra said the deals are “take-or-pay agreements with binding commitments to purchase specific volumes over this multiyear term.”
Remaining performance obligations reached approximately $100 billion, including deals executed after quarter-end, backed by $22 billion in cash deposits and letters of credit. Management said floor prices produce margins “well above our peak quarterly margins in any past cycle.”
Barron’s coverage attributes the persistence of tight memory conditions to AI infrastructure buildout across DRAM, NAND, and HBM. Mehrotra reinforced that view: “We expect tight conditions to persist beyond calendar 2027.”
Contracted volume at contracted floors converts memory’s traditional whipsaw into something closer to a utility with upside, which is the mechanism behind the headline numbers. It is also the pattern that shows up early in the biggest technology winners, the traits we cataloged in a free playbook here.
Margins, Capex, and What Micron Guided Fiscal Q3 gross margin reached 84.6%, and Micron guided fiscal Q4 revenue to $50.0 billion plus or minus $1.0 billion with EPS of $31.00 plus or minus $1.00.
Capex is heavy. Fiscal 2026 spending will reach approximately $27 billion, with fiscal Q4 alone near $10 billion. That is a genuine risk if AI orders soften.
Mehrotra framed the strategic stakes plainly: “In the AI era, memory has become a strategic asset for our customers.”
Forward consensus for fiscal 2027 EPS sits at $155.03, putting the forward multiple in single digits at 7x.
Bear Case Deserves Airtime Memory has punished holders who paid up for peak earnings before. The eight-quarter earnings-reaction record shows an average one-week change of -3.44% despite unbroken beats.
Concentration risk is real. HBM4 volume runs through a lead AI accelerator customer, and capex commitments assume orders extend into 2028.
The falsifying event would be an HBM order cut from that lead customer, or a hyperscaler capex pause. Absent that, floor-priced SCAs should keep earnings elevated.
Analyst target price stands at $1,513.11, with 35 buy and 9 strong buy ratings.
The contracted revenue base, single-digit forward multiple, and structural memory shortage together justify the trillion-dollar valuation more credibly than any prior Micron peak, though the concentration and capex risks remain material considerations for further research.
Contact [email protected] for any questions or corrections.
Micron ve 2. čtvrtletí zvýšil tržby z DRAM o 66 % mezikvartálně na 36 miliard USD a ztenčil odstup od SK Hynix na 1,6 procentního bodu. Samsung dál vede s podílem 39,4 %.
Global DRAM revenue reached nearly $155 billion in the second quarter of 2026, up about 60% from the first quarter, according to a report this week from market researcher TrendForce.
Micron Technology (MU -3.58%) grew faster than the market itself -- and faster than both companies ahead of it. The memory maker's DRAM revenue rose about 66% quarter over quarter to $36 billion, lifting its share of the market to 23.3%.
That leaves Micron just 1.6 percentage points behind SK Hynix (SKHY -4.37%), which held a 24.9% share on about $38.6 billion of DRAM revenue. Samsung Electronics (SSNLF +0.00%) led at 39.4%. One quarter earlier, Micron's deficit to SK Hynix was 6.4 points.
Image source: Micron.
A fast-closing gapRewind to the third quarter of 2025, and this race looked settled. SK Hynix led the entire DRAM market then with a 33.2% share, while Micron sat third at 25.7%, by TrendForce's count.
The gap between the two was 7.5 percentage points. It narrowed to 6.4 points by the first quarter of 2026, and it sits at 1.6 today. In short, the closing is accelerating.
SK Hynix isn't struggling, either. Its DRAM revenue grew about 38% sequentially in the latest quarter and has nearly tripled since the third quarter of 2025. It's simply being outgrown -- Micron expanded about 66%, and even first-place Samsung, at about 63%, grew faster.
After all, the market underneath them has exploded. Total DRAM revenue has more than tripled in three quarters, from $41.4 billion, as artificial intelligence (AI) data centers absorb memory faster than the industry can supply it.
TrendForce isn't the only firm showing a tight race, either. Counterpoint Research pegs the gap even tighter, and it said in August it expects Micron to surpass SK Hynix soon.
Micron's gain is coming from conventional memoryMicron's rise, notably, isn't being driven by high-bandwidth memory (HBM), the stacked chips that feed graphics processing units (GPUs) and other AI processors. Counterpoint estimates Micron's share of the HBM market actually fell during the second quarter, to 18% from 21%.
SK Hynix kept its HBM lead with about half of that market (down from 64% a year earlier), and Samsung climbed to 33%.
The share Micron won came from the conventional side. TrendForce attributes the quarter's revenue surge to sharply higher conventional DRAM contract prices, not volume. Bit shipments grew only modestly and suppliers' inventories sit at historic lows. Ordinary memory (the kind in servers, phones, and PCs) has turned scarce.
That mix matters: SK Hynix holds about half of HBM but only about a quarter of the overall DRAM market, so a quarter in which conventional prices surged while HBM prices slipped worked against it. Counterpoint cites HBM3E price declines and HBM4 launch delays.
Micron is hardly absent from the AI side, to be sure. Not only is the tech company's HBM4 product already in high-volume shipments for its lead customer's platform, but its total revenue also more than quadrupled year over year to $41.5 billion in its fiscal third quarter of 2026 (the period ended May 28, 2026).
But the second quarter's share shift happened in conventional memory, and I'd argue that detail matters more than the ranking itself.
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The 1.6 points separating Micron from SK Hynix equal about $2.5 billion of revenue per quarter at the market's second-quarter size. And most of that would become profit. Micron's guidance for its just-ended fiscal fourth quarter calls for gross margin near 86% and under $2 billion of quarterly operating expenses. At economics like those, closing the gap could mean about $2 billion of extra operating profit per quarter.
However, the driver behind the gain is cooling. TrendForce still expects conventional DRAM contract prices to climb in the third quarter, just far more slowly, at 13% to 18%. The firm says those same prices jumped about 93% to 98% in the first quarter.
And the next phase belongs to HBM4, where Samsung moved into mass production early and SK Hynix still holds about half of the overall HBM market.
So, will Micron take the No. 2 spot in DRAM? On this trajectory, it could happen as soon as the current quarter.
I'd just keep the milestone in perspective. Micron's stock, around $1,017 as of this writing, costs about 6.5 times its expected earnings for its next fiscal year. Investors, it seems, already treat profits this large as temporary.
Whether that skepticism proves right will likely be settled in HBM, where the AI spending is concentrated -- and there, Micron ranks third and lost ground last quarter. That's the ranking I'd keep an eye on.
Micron Technology ve středu vzrostla asi o 2,4 %, protože nedostatek DRAM a HBM drží ceny vysoko. Firma ve 4. čtvrtletí čeká tržby kolem 50 miliard USD a hrubou marži 86 %.
AI shortages are sustaining extraordinary pricing, but September earnings must prove the economics remain defensible. Summary
Scarcity keeps Micron’s pricing powerful while raising expectations for its next earnings report.
Micron Technology MU, the memory-chip manufacturer powering AI servers, climbed roughly 2.4% to $1,023.85 Wednesday. Investors are betting that scarce DRAM and high-bandwidth memory will keep prices firm well into 2027. The AI buildout still needs more memory, and Micron is selling into a market where supply—not demand—is setting the pace.
The numbers explain the enthusiasm. Micron's fiscal third-quarter results delivered $41.46 billion in revenue, an 84.9% adjusted gross margin and $18.30 billion in adjusted free cash flow. Cloud-memory and core data-center sales reached $25.29 billion, or about 61% of total revenue. Management expects roughly $50 billion in fourth-quarter sales alongside an 86% gross margin.
That outlook implies another 20.6% sequential revenue surge. At $50 billion in quarterly sales, each gross-margin percentage point represents approximately $500 million of gross profit. The chart adds a valuation warning: Micron's $1,023.85 share price stands 63.58% above its $625.92 GF Value™ estimate. AI has turned memory into a prized capacity bottleneck, but Micron's next report must prove that exceptional pricing power can survive the industry's supply response.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Cullinan Associates získala v Micron Technology nový podíl o 800 akciích za zhruba 923 000 USD. Akcie Micron Technology zahájily obchodování o 1,6 % níže.
Cullinan Associates Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 800 shares of the semiconductor manufacturer’s stock, valued at approximately $923,000.
A number of other institutional investors have also made changes to their positions in the business. Heritage Trust Co grew its stake in Micron Technology by 9.7% in the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Castleark Management LLC bought a new stake in shares of Micron Technology during the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after buying an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS grew its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares in the last quarter. Finally, PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology in the fourth quarter valued at $61,306,000. Institutional investors own 80.84% of the company’s stock.
Insider Transactions at Micron Technology In other Micron Technology news, CAO Scott Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Dugle sold 1,300 shares of Micron Technology stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by company insiders.
Micron Technology Stock Down 1.6% Micron Technology stock opened at $1,000.26 on Wednesday. The stock has a market cap of $1.13 trillion, a P/E ratio of 22.65, a P/E/G ratio of 0.64 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a twelve month low of $131.56 and a twelve month high of $1,255.00. The company’s 50-day moving average price is $929.50 and its two-hundred day moving average price is $745.20. Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The business’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is 1.36%.
Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Wall Street Analyst Weigh In Several analysts have issued reports on MU shares. Raymond James Financial upped their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Zacks Research lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a report on Monday, August 10th. Needham & Company LLC raised their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,295.63.
Get Our Latest Analysis on Micron Technology
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
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BTG Pactual Asset Management US LLC ve 2. čtvrtletí zvýšila podíl v Micron Technology o 106,7 % na 2 667 akcií. Hodnota podílu činila 3,078 milionu USD.
BTG Pactual Asset Management US LLC grew its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 106.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,667 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,377 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Micron Technology were worth $3,078,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MU. Brighton Jones LLC boosted its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC raised its position in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after purchasing an additional 628 shares during the period. United Bank bought a new stake in Micron Technology in the second quarter worth about $236,000. Schnieders Capital Management LLC. lifted its stake in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after purchasing an additional 6,867 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Micron Technology by 5.6% in the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after purchasing an additional 21,619 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.
Micron Technology Price Performance Shares of MU stock opened at $1,000.26 on Wednesday. The company has a market capitalization of $1.13 trillion, a P/E ratio of 22.65, a P/E/G ratio of 0.64 and a beta of 2.22. The company’s 50-day simple moving average is $929.50 and its two-hundred day simple moving average is $745.20. Micron Technology, Inc. has a one year low of $131.56 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.
Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year. Micron Technology Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is 1.36%.
Analyst Upgrades and Downgrades A number of research analysts have recently commented on MU shares. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Morgan Stanley raised their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Wedbush boosted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Needham & Company LLC upped their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,295.63.
Check Out Our Latest Stock Analysis on Micron Technology
Key Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Insider Buying and Selling at Micron Technology In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 over the last quarter. Insiders own 0.24% of the company’s stock.
(Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
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Headlands Technologies ve 2. čtvrtletí snížila svůj podíl v Micron Technology o 87,3 % a držela už jen 13 084 akcií v hodnotě 15,1 mil. USD. Micron těží z poptávky po AI a vyšších cen pamětí.
Headlands Technologies LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 87.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,084 shares of the semiconductor manufacturer’s stock after selling 89,595 shares during the period. Micron Technology makes up approximately 1.6% of Headlands Technologies LLC’s investment portfolio, making the stock its 3rd largest position. Headlands Technologies LLC’s holdings in Micron Technology were worth $15,103,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares in the last quarter. Andar Capital Management HK Ltd raised its position in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Norges Bank acquired a new position in Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA bought a new stake in Micron Technology during the second quarter worth $22,182,263,000. Finally, Morgan Stanley lifted its stake in Micron Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Micron Technology News Roundup Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Micron Technology Price Performance MU stock opened at $1,000.26 on Wednesday. The company has a market capitalization of $1.13 trillion, a P/E ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22. The company has a fifty day moving average price of $929.50 and a 200-day moving average price of $745.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology, Inc. has a 52-week low of $131.56 and a 52-week high of $1,255.00. Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.
Insider Transactions at Micron Technology In related news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by insiders.
Analysts Set New Price Targets MU has been the topic of several recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. The Goldman Sachs Group upped their price objective on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,295.63.
Check Out Our Latest Analysis on MU
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Featured Stories Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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Ceny paměťových čipů prudce rostou kvůli poptávce po datových centrech s umělou inteligencí; DRAM má letos zdražit o 50 % sekvenčně v aktuálním čtvrtletí a NAND o 60 % sekvenčně v tomto čtvrtletí.
Memory chips have emerged as the driving force behind the semiconductor industry's latest growth cycle as the artificial intelligence boom fuels demand for data-center hardware and pushes prices higher.
Memory has become the "king" of the semiconductor industry, according to Susquehanna analyst Mehdi Hosseini, who believes "its reign is here to stay."
Investments in AI data centers have put semiconductor industry revenue on track to double to about $1.5 trillion this year, with memory chips accounting for much of the increase, Hosseini said in a Tuesday note to clients, citing Semiconductor Industry Association data on global shipments and average selling prices in July, MarketWatch reported.
Memory now represents between 50% and 55% of total semiconductor revenue, compared with its historical share of roughly 20% to 30%, according to Hosseini.
The rapid construction of AI data centers has created an enormous appetite for memory and storage as companies deploy increasingly powerful systems capable of processing large volumes of data.
That demand has contributed to severe supply shortages and a sharp increase in memory prices.
While average semiconductor prices are already moving higher, Hosseini said the increase would be "more moderate" if memory were excluded from the calculation.
The analyst expects average prices for dynamic random-access memory, or DRAM, to rise 50% sequentially during the current quarter, followed by another 20% increase in the fourth quarter of 2026.
NAND flash memory prices are expected to climb even more sharply in the near term, with Hosseini forecasting a 60% sequential increase this quarter and a further 25% rise in the following quarter.
The price increases are providing a significant earnings tailwind for memory manufacturers, which have spent much of the previous semiconductor cycle dealing with volatile demand and periods of oversupply.
Micron Technology has been one of the strongest-performing stocks in the S&P 500 this year as investors have increasingly priced in the benefits of the memory shortage.
Micron shares have risen about 250% so far this year. SanDisk, which specializes in NAND flash memory, has performed even more strongly, with its stock up 531%.
Hosseini has positive ratings on both companies.
Meanwhile, Goldman Sachs has identified early signs that investor interest in the memory trade is returning after a quieter summer.
The firm said Micron and SanDisk are beginning to break out of downtrends that had constrained their shares during the summer.
The setup comes as positioning in the broader AI trade remains relatively subdued. Goldman’s prime brokerage data showed gross leverage among US fundamental long/short hedge funds at the 27th percentile of the past year, while net leverage stood at just the fourth percentile.
Options activity has also eased, with the CBOE Semiconductor ETF Volatility Index falling to around 36 from roughly 65 in July, pointing to a significant decline in expected swings across semiconductor stocks.
That combination could leave room for investors who reduced their exposure during the summer to rebuild positions if the strength in AI-related memory demand persists.
One of the most important areas of the memory market is high-bandwidth memory, or HBM, which is increasingly critical for AI accelerators.
Earlier this month, South Korean news outlet Electronic Times reported that Micron was targeting a doubling of its HBM production capacity by the end of the year.
HBM consists of multiple layers of DRAM stacked together and is designed to provide the high-speed data access required by AI processors.
Nvidia is among the major chip companies relying on HBM to handle increasingly intensive AI workloads.
The production process is more silicon-intensive than conventional memory manufacturing, meaning the rapid expansion of HBM capacity can also constrain supplies of traditional DRAM.
That dynamic has contributed to the broader tightening of the memory market.
Memory is not the only part of the semiconductor industry benefiting from higher prices.
Hosseini said logic chips, including central processing units, have also seen average selling prices rise.
However, he noted that "recent trends suggest a period of stabilization."
He linked some of the moderation to delays in the ramp-up of Nvidia's next-generation Rubin AI platform, which includes Vera central processing units and Rubin graphics processing units.
The timing of new AI hardware remains important for semiconductor companies because each generation can require significant increases in memory capacity and bandwidth.
At the same time, Hosseini argued that higher upfront hardware costs do not necessarily undermine the longer-term economics of AI.
Future generations of AI hardware will carry "a higher upfront cost," he said, but falling prices for tokens — the units of data processed by AI models — combined with rising token production should support "the economic value proposition of AI at scale."
Despite the strength of the memory trade, investors still face a familiar problem: the industry remains highly cyclical.
Memory companies can benefit rapidly when demand exceeds supply, but production increases can eventually reverse the balance and put pressure on prices and margins.
Consumer spending and broader electronics demand can also shift quickly.
That makes the recent technical strength in Micron and SanDisk only part of the story.
For Micron, the next major test will come with its fiscal fourth-quarter results on Sept. 30.
Investors will be looking for evidence that the surge in memory prices is translating into sustained revenue and profit growth rather than simply a temporary improvement in the industry's cycle.
For now, however, the fundamental backdrop remains favorable.
Micron se tento týden silně zotavil a je blízko nejvyšší úrovně od 2. července. Dalším klíčovým katalyzátorem mají být výsledky hospodaření později tento měsíc.
Micron stock has staged a strong recovery this week, reaching near its highest level since July 2nd this year.
MU jumped to $1,016, up by nearly 40% from its lowest level in July, and technical and fundamental factors suggest further upside.
The daily chart shows that the MU stock has been in a strong rebound in the past few days, rising from a low of $736 in July to the current $1,016.
This rebound has coincided with that of other memory companies like SanDisk, Samsung Electronics, and SK Hynix.
The stock remains above the ascending trendline that links the lowest levels since August 6 of this year.
It has remained above the 50-day Exponential Moving Average (EMA), which has provided it with substantial support.
The Relative Strength Index (RSI) has jumped to 60, its highest level since June 29 this year.
This is a sign that the stock is gaining momentum as investors buy the recent dip.
It has remained above the Ichimoku cloud and the Supertrend indicator.
Therefore, there is a likelihood that the stock will continue rising as bulls target the next key resistance level of $1,253, its highest level this year.
This target is about 22% above the current level. A move above that level will point to more gains.
MU stock chart | Source: TradingView
Micron is a top company in the high-bandwidth memory (HBM) industry, where it competes with top firms like SK Hynix and Samsung Electronics.
The company’s business is firing on all cylinders as the artificial intelligence boom continues.
Just recently, its top clients like Nvidia, AMD, Google, and Amazon published strong financial results and boosted their forward guidance.
These numbers suggested that the companies will continue buying from Micron in the near term.
Micron’s last financial results showed that its growth accelerated in the third quarter, reaching $41.5 billion.
Revenue increased 74% from the second quarter and 346% from the same period a year earlier.
The company’s management believes that this growth will continue in the foreseeable future, with the fourth quarter rising to over $50 billion.
And this growth is expected in the coming years, with its revenue expected to hit $242 billion next year.
The company is benefiting from the rising demand for memory chips and the fact that the supply remains tight.
While Micron, Samsung, and SK Hynix are expanding their capacity, this supply will come online in the next few years.
Most importantly, there are signs that Micron is highly undervalued, with its forward price-to-earnings ratio being 13.85. In contrast, the S&P 500 Index has a multiple of 19.9, while the technology sector has a multiple of 22. Its Rule-of-40 multiple is even better.
The revenue and profitability growth, coupled with its valuation, explains why analysts are highly bullish on the company.
Data shows that the average target among analysts is $1,295, up by 27% from the current level.
The next important catalyst for Micron shares will be the upcoming earnings later this month. Analysts expect these numbers to show that its revenue jumped to over $50 billion during the quarter.
READ MORE: Micron stock analysis as the AI Bubble Index sinks to a four-month low
Micron vykázal ve fiskálním 3. čtvrtletí 2026 rekordní tržby 41,5 miliardy USD a čistý zisk 28,2 miliardy USD, ale jeho hrubá marže 84,6 % může být na vrcholu cyklu.
Micron (MU -1.61%) stock has delivered extraordinary returns, up by more than 700% in one year. And that's after the stock suffered a sharp correction. As of this writing, the stock still trades 20% below its 12-month high.
Now investors face a tempting question: Is this finally the opportunity to buy Micron stock?
There is a strong argument in favor. But there is also one red flag investors shouldn't ignore.
Image source: Getty Images.
The green flag: Earnings have exploded The strongest argument for buying Micron isn't simply that the stock has fallen from its high. It's that the underlying business has grown dramatically.
For perspective, Micron's fiscal 2026 third-quarter revenue reached a record $41.5 billion, up from $23.9 billion in the previous quarter and $9.3 billion a year earlier. Net income jumped to $28.2 billion in the period ended May 28, compared with $1.9 billion a year earlier. The company also generated $25.4 billion in operating cash flow during the quarter.
Those numbers tell an important story. Micron isn't simply riding a higher stock price. The company is generating vastly more cash and profit than it did a year ago. In particular, its data center business has grown significantly, generating more than $25 billion in revenue in fiscal Q3 alone.
Artificial intelligence (AI) has clearly changed the scale of Micron's business. And if that growth continues, today's share price could eventually look much more reasonable -- even after the stock's enormous rally.
In fact, according to Yahoo Finance, Micron's forward price-to-earnings (P/E) ratio is 6.23. This suggests that if Micron can sustain its profitability, the current stock valuation is not expensive at all.
That's the green flag. But it comes with an important caveat.
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The red flag: Margins are unusually high Micron's gross margin reached an astonishing 84.6% in the latest quarter. A year earlier, it stood at 37.7%. Micron even expects its gross margin to reach approximately 86% in the next quarter.
That's fantastic news for shareholders, suggesting that the recent rally in memory prices is continuing. But here's the catch. Micron operates in the memory industry, which has historically experienced sharp cycles.
When demand exceeds supply, prices rise, and manufacturers earn more money. Those profits encourage companies to add production. Eventually, additional supply can pressure prices and margins.
Micron has experienced that cycle before. So, the risk is, what if today's extraordinary margins represent the peak rather than the new normal?
The real question: How much can Micron keep? This is where the bull and bear cases meet. The bullish argument doesn't require Micron to maintain an 85% gross margin forever. Instead, investors need to ask whether Micron can retain enough of today's profitability to keep growing its earnings over the next several years.
Suppose margins eventually decline, and there's a high chance that it will. Micron could still produce substantially more profit than it did before the AI boom, if revenue grows fast enough in the coming quarters.
But if revenue growth slows while margins fall, the earnings picture could change quickly. That's why investors shouldn't simply extrapolate today's results into the future. They need to determine how much of today's exceptional performance will survive in a more normal market.
What I'm watching in the coming quarters Investors should keep an eye on three indicators to gauge future profitability. First, earnings growth. Micron needs to keep turning strong AI demand into higher profits. Second, margins. While margins don't need to remain at today's extraordinary levels, they need to settle at levels that support strong long-term returns. Third, supply. If Micron and its competitors add too much capacity, memory prices could eventually come under pressure.
Together, these indicators should tell investors whether Micron is experiencing a new normal or has simply reached an unusually profitable point in the memory cycle.
What does it mean for investors? There are good reasons to buy Micron stock today, and to avoid it.
The green flag is clear: The business has become dramatically more profitable and could remain so if demand for AI infrastructure continues to grow. The red flag is equally clear: Micron's margins have reached levels that may prove difficult to sustain.
Ultimately, whether an investment in the stock today will be rewarding depends on whether Micron can retain enough of today's earnings improvement to justify its valuation and continue growing profits over time.
If it can, the recent volatility could eventually look like a buying opportunity. If it can't, investors may discover that the market has priced in too much of today's exceptional profitability.
