- Prev close
- $881.47
- Day range
- $847.02 – $904.80
- Next earnings
- in 44 days
Micron’s 2026-08-07 close was a 0.4% dip in a session where the Nasdaq 100 rose 1.2% and peers were mixed, so the move looks more stock-specific than market-led. The backdrop is still strong with revenue +167.0% YoY, gross margin +72.6%, and a low PEG of 0.12, but the setup remains volatile with beta 2.23.
MU
MICRON TECHNOLOGY INC
As of Aug 8, 2026
68/100
Worth keeping an eye onHealth ScoreMove driver
Micron fell 0.4% on 2026-08-07, while the S&P 500 rose 0.4% and the Nasdaq 100 rose 0.4%, so the broad market does not explain the move. Peers were stronger overall — NVDA +2.3%, AVGO +1.7%, and INTC +1.8% — with only AMD at -1.2%, so the primary read is stock-specific rather than sector-wide.
Volatility check
This looks like ordinary-to-moderate volatility for a high-beta name, not a clear fundamental break. Micron’s beta is 2.23, so bigger swings are normal, but the operating picture is still very strong: revenue is +167.0% YoY (TTM), the latest quarter was +345.7% YoY, EPS is +700.7% YoY (TTM), and margins are +72.6% gross, +65.6% operating, and +55.9% net. Valuation is not cheap in the usual sense — PE 19.6 and forward PE 5.9 — but the PEG of 0.12 indicates the market is paying very little per unit of positive growth, so the growth profile is supporting the stock rather than showing deterioration. The 0.4% decline itself is small relative to the business momentum and does not, by itself, signal a change in fundamentals.
Earnings preview
The next earnings date is 2026-09-21. The fact set does not give revenue or EPS consensus for that print, so I can’t state market expectations for growth or margins from the provided data. What the market is likely to focus on is whether revenue +167.0% YoY and EPS +700.7% YoY can persist, whether margins stay near +72.6% gross and +65.6% operating, and whether memory pricing strength — highlighted by the recent headlines on memory shortages and rising prices — remains intact. Prior post-earnings reaction history is not available in the facts, so I won’t infer a pattern.
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