- Prev close
- $1043.96
- Day range
- $1030.02 – $1097.25
- Next earnings
- in 8 days
Micron’s move is being driven mainly by a sector-wide AI memory rally, with MU up 2.8% alongside NVDA +2.3%, AVGO +1.4%, AMD +9.9% and INTC +12.1%; the move looks well-supported by revenue +167.0% YoY, EPS +700.7% YoY and a forward PE of 5.9.
MU
MICRON TECHNOLOGY INC
As of Sep 21, 2026
79/100
Looks healthyHealth ScoreWhy it moved
The primary driver looks sector-wide, not stock-specific: MU rose 2.8% while the S&P 500 gained 2.8% and the Nasdaq 100 gained 2.8%, and its peers were also firm with NVDA +2.3% and AVGO +1.4% while AMD +9.9% and INTC +12.1% led the chip group. That pattern fits the market’s AI-semiconductor rally and the Reuters headline that AI optimism reignited, rather than any company-only catalyst.
Volatility check
This looks like normal high-beta semiconductor volatility rather than a deterioration signal. MU’s beta is 2.36, so bigger swings are expected, and the business backdrop is still strong with revenue +167.0% YoY (TTM), latest quarter +345.7% YoY, EPS +700.7% YoY (TTM), gross margin +72.6%, operating margin +65.6% and net margin +55.9%. Valuation is not cheap at PE 23.3, but the forward PE 5.9 and PEG 0.12 indicate earnings power is still expanding quickly; the strong growth is helping justify the move, even if that also means the stock can swing hard in either direction.
Earnings preview
The next earnings date is 2026-09-30. The facts do not provide a formal analyst consensus for the coming quarter’s revenue or EPS, so I cannot quote a forecast for those items; what is known is the recent growth base of revenue +167.0% YoY (TTM), latest quarter +345.7% YoY, EPS +700.7% YoY (TTM), with margins at gross +72.6%, operating +65.6% and net +55.9%. The market will be focused on three concrete items: whether memory pricing and AI-driven demand are still supporting the surge in revenue, whether those margins stay near the current levels, and whether management confirms the path behind the low forward PE of 5.9 versus the current PE of 23.3.
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