DailyIQ
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Sector:TechnologyAll sectors
Last updated 1 minute ago

MU·Micron Technology, Inc.

$.
+. (+.%)
Pre-Market
High
$914.50
Open
$896.00
Market Cap
974.37B
52W High
$1,089.29
Low
$865.31
P. Close
$857.99
P/E
40.41
52W Low
$103.38
Fwd P/E
8.15
DailyIQ Est.
-
Technical Score (1D)
82
BUY
News Sentiment
74
BULLISH
Micron shares fell sharply during a global semiconductor selloff tied to weaker AI chip revenue guidance from Broadcom, raising concerns about valuation and future growth. This drop comes just hours after NVIDIA CEO Jensen Huang highlighted that AI‑related stocks are very cheap and that the memory shortage will continue for several years, a bullish backdrop that conflicts with the recent selloff. The CEO’s remarks also underscored SanDisk’s datacenter revenue surge and Micron’s Q2 revenue guidance of roughly $19 billion with a 68% gross margin, reinforcing demand across the supply chain. Analysts project a 264% revenue jump for the next quarter driven by elevated commodity prices and robust AI‑driven consumption, but new manufacturing capacity will not be available until later next year, potentially extending the current supply shortage. Micron’s 270% year‑to‑date rally and $1 trillion valuation have been fueled by a global memory shortage and AI workloads, but the company’s ability to scale production quickly remains a key risk. The leveraged fund KORU’s recent plunge suggests that a softening in HBM pricing could signal a broader weakening of the memory demand curve, a scenario that could materialize in the next earnings report on June 24. Insider activity, including the CEO’s sale of $38 million in shares, appears routine but may attract scrutiny; however, it does not indicate a fundamental shift in prospects. Traders should monitor Micron’s June 24 earnings for any downward revision in HBM pricing guidance, inventory levels, and margin expectations, as these will clarify the sustainability of the current demand surge. In the short term, the market will likely weigh the conflicting signals from the selloff and NVIDIA’s bullish stance, so close attention to the earnings guidance and any updates on capacity ramp‑up will be crucial.
Earnings Summary
Micron Technology, Inc. is a global leader in memory and storage solutions, offering DRAM, NAND flash, and SSDs to data centers, PCs, mobile devices, and automotive markets. The company operates through cloud, data‑center, mobile, and automotive units, leveraging its Micron and Crucial brands to maintain a competitive edge in the semiconductor sector. In the most recent two quarters, Q1 2026 and Q2 2026, Micron posted EPS of $4.78 and $12.20, respectively, both well above analyst estimates of $4.07 and $8.65, while revenue climbed to $13.64 billion and $23.86 billion, up 7.5 % and 156 % YoY from the prior two quarters of $11.32 billion and $9.30 billion; the company has consistently beat earnings estimates in all six quarters reported, underscoring robust profitability. Historically, Micron’s revenue trajectory has accelerated year over year, with a 69 % jump from Q1 2025 to Q1 2026 and a 156 % jump from Q2 2025 to Q2 2026, while EPS growth has outpaced revenue, rising 205 % in the same period, indicating margin expansion. The firm has maintained a pattern of strong earnings beats even as it navigates supply‑chain constraints, reflecting disciplined cost management and pricing power. Recent developments include long‑term high‑bandwidth memory contracts that lock in multi‑year supply for AI customers, a move that should stabilize revenue streams amid ongoing industry shortages and support Micron’s pricing advantage; the company also announced a 927 % YoY revenue jump to $34.11 billion in its upcoming guidance, highlighting the potential upside from AI demand and HBM capacity expansion; analysts have raised price targets to $1,050–$1,625, reflecting confidence in Micron’s supply agreements and AI positioning. Investors should watch the June 24 earnings release for guidance on inventory levels, AI workload demand, and the timing of the Manassas fab’s full output, as well as any updates on HBM ramp‑up and pricing dynamics that could confirm or temper the current valuation premium.

EPS

EstBeatMiss
$-1.06$4.69$10.45$16.21$21.97Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$19.31 - -
Q2'26$8.65$12.20+41.0%
Q1'26$4.07$4.78+17.4%
Q4'25$3.96$4.78+20.7%
Q3'25$2.86$3.03+5.9%
Q2'25$1.59$1.91+19.8%

Revenue

EstBeatMiss
$5.4B$13.8B$22.2B$30.6B$39.0BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$35.2B - -
Q2'26$19.2B$23.9B+24.3%
Q1'26$13.2B$13.6B+3.1%
Q4'25 - $13.6B -
Q3'25 - $11.3B -
Q2'25 - $9.3B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

MU Stock Snapshot

MU is currently trading at $897.72, giving Micron Technology, Inc. a market cap of 974.37B and a P/E ratio of 40.4. Today's range spans $865.31–$914.50, with shares opening at $896.00 and moving up $39.73 (4.6%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 74/100.

Over the past year MU has traded between $103.38 and $1089.29 - the current price is +768.4% off the 52-week low and -17.6% from the high.

What stands out about MU right now isn't just the BUY signal - it's the combination: 82/100 technically, 74/100 in sentiment (bullish), and 974.37B in market cap providing the structural liquidity that keeps moves credible. Price: $897.72 (in the upper portion of its 52-week range within $103.38–$1089.29). (P/E: 40.4) In Technology, mega-cap names with this profile tend to lead during risk-on phases and hold relative to peers during risk-off - a setup worth tracking closely.

For portfolio managers constructing Technology exposure, a mega-cap with a BUY signal and bullish news backdrop represents the kind of conviction-generating setup that justifies moving from benchmark weight to overweight. The 82/100 technical score at $897.72 (in the upper portion of its 52-week range) provides the entry discipline; the 974.37B market cap provides the exit liquidity — a combination most position-sizing frameworks actively seek.