DailyIQ
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Sector:TechnologyAll sectors
Last updated 4 minutes ago

MU·Micron Technology, Inc.

$.
-. (-.%)
After Hours
High
$998.00
Open
$965.08
Market Cap
1087.17B
52W High
$1,255.00
Low
$954.13
P. Close
$978.69
P/E
21.54
52W Low
$103.38
Fwd P/E
6.54
DailyIQ Est.
$1695.25
Technical Score (1D)
55
BUY
News Sentiment
86
BULLISH
Micron’s latest announcement is a strategic customer agreement with General Motors to supply advanced memory and storage components for GM’s next‑generation vehicle platforms, securing long‑term U.S. supply of high‑performance chips. This partnership aligns with Micron’s automotive memory strategy and could strengthen its revenue outlook and supply‑chain stability over the next 1–10 trading days. Earlier this week, Micron raised its U.S. manufacturing and technology investment to more than $250 billion through 2035, a $50 billion increase that signals robust demand for memory and storage in smartphones, data centers, and AI workloads. The company also set a target to produce 40 % of its DRAM output on U.S. soil, a move that supports U.S. chip policy and may reduce supply‑chain risk for data‑center and AI customers. The expansion of U.S. capacity, coupled with the GM pact, positions Micron to capture growing AI and automotive memory demand, which could keep earnings guidance robust in the near term. Meanwhile, the launch of 24/7 real U.S. equity trading via Backpack, starting with Micron, expands global equity participation and may increase liquidity and trading volume for the stock. However, the SK Hynix IPO introduces a new competitor in the high‑bandwidth memory space, potentially eroding Micron’s market share and adding competitive pressure that could affect pricing and margins. Analysts note that Micron’s high debt load and reliance on NAND production expose it to cyclical risk if demand weakens, so investors should monitor any shifts in AI chip demand forecasts. In the next 1–10 trading days, watch for Micron’s Q2 earnings release on July 23 for updated guidance on capacity expansion, margin sustainability, and the execution timeline of the GM supply agreement.
Earnings Summary
Micron Technology, Inc. (MU) is a global leader in memory and storage solutions, offering DRAM, NAND flash, and SSDs that power data centers, PCs, mobile devices, and automotive systems. The company operates through distinct units focused on cloud, data center, mobile, and automotive applications, positioning it at the forefront of semiconductor demand driven by AI and automotive electrification. In the most recent two quarters with complete data—Q2 2026 and Q3 2026—Micron posted EPS of $12.20 and $25.11, respectively, both well above analyst estimates of $8.65 and $21.40, marking a 41% and 17% beat. Revenue surged from $23.86 B in Q2 2026 to $41.46 B in Q3 2026, a 73% year‑over‑year jump and a sharp acceleration from the 36% growth seen in Q1‑Q2 2026. Across the last four quarters, the company has consistently outperformed earnings estimates, with EPS beats in all four periods and revenue growth that has accelerated from 36% in Q1‑Q2 2026 to 73% in Q3 2026, underscoring a robust upward trajectory. Recent news highlights a long‑term supply agreement with General Motors and a similar deal with Ford, which could stabilize cash flow and support automotive revenue, while a lawsuit alleging DRAM price‑hiking practices introduces regulatory uncertainty that may pressure margins. The company also issued an AI caution citing supply‑chain constraints amid a memory‑chip cycle slowdown, tempering the bullish narrative. Investors should watch for Micron’s Q4 guidance, any updates on the GM/Ford agreements, progress on the lawsuit, and the company’s response to the AI‑related supply‑chain warning, as these factors will shape the next earnings cycle.

EPS

EstBeatMiss
$-1.40$7.83$17.07$26.31$35.55Q3'25Q4'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$31.29 - -
Q3'26$21.40$25.11+17.3%
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%

Revenue

EstBeatMiss
$5.2B$18.4B$31.7B$44.9B$58.2BQ3'25Q4'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$52.1B - -
Q3'26$36.9B$41.5B+12.3%
Q2'26$19.2B$23.9B+24.3%
Q1'26$13.2B$13.6B+3.1%
Q4'25 - $13.6B -
Q3'25 - $11.3B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

MU Stock Snapshot

MU is currently trading at $982.70, giving Micron Technology, Inc. a market cap of 1087.17B and a P/E ratio of 21.5. Today's range spans $954.13–$998.00, with shares opening at $965.08 and moving up $4.01 (0.4%) from the prior close. DailyIQ's technical score sits at 55/100 (HOLD) with a news sentiment reading of 86/100.

Over the past year MU has traded between $103.38 and $1255.00 - the current price is +850.6% off the 52-week low and -21.7% from the high. 57 analysts cover the stock with a Buy consensus and a mean 12-month target of $1486.00 (range $361.00–$2200.00), implying upside of +51.2%.

Insider transaction data for mega-cap Technology names tends to be closely watched in HOLD phases - and MU is no exception. At 1087.17B in market cap, with a 55/100 technical read (HOLD) and bullish sentiment (86/100), the price at $982.70 (in the upper portion of its 52-week range) is in the zone where long-term holders assess whether to add, hold, or trim. (P/E: 21.5) Range: $103.38–$1255.00. The HOLD signal says the near-term picture is balanced - the longer-term thesis is what determines next moves.

In a HOLD phase, the key question for MU is what breaks the equilibrium: a macro shift, an earnings revision, or a sector catalyst. At 1087.17B in Technology capitalization, the 55/100 reading (HOLD) and bullish sentiment (86/100) describe a market that's watching rather than acting — and $982.70 (in the upper portion of its 52-week range) sits in the zone where both buyers and sellers are willing to wait for confirmation.