NASDAQ: MU

Micron Technology (MU) Stock Analysis & Forecast

Micron Technology, Inc. Electronic technology sector, semiconductors industry. Market cap $1.15T.

$1,015.80+38.30 (+3.9%)

Close on Sep 18, 2026. Page updated Sep 19, 9:14 pm ET.

Gekko Brief

AI summary

Micron closes at $1015.80, up 3.9%, holding above both its 50-day average of $927.26 and 200-day average of $640.15, with the shorter average also above the longer one. The GekkoIndex reads 52.8, placing the stock in the Neutral zone, down 2.4 over the past five readings. Gekko Fair Value stands at $991.41, putting price about 2.5% above that mark.

This week's coverage centers on Micron's position in the AI-driven memory boom. RBC Capital Markets said the stock's valuation does not fully reflect its AI memory exposure, and shares rose as much as 3.12% on that note. Jim Cramer named Micron the number two stock behind Intel, citing demand and product shortages. Elsewhere, SanDisk jumped 6% and Western Digital rose 3% in a sector-wide storage rally that left Micron up modestly by comparison, described as momentum-driven rather than news-driven.

Micron reports earnings on 30 September 2026 after close, 10 days away and inside a typical 20-trading-day holding window. The prior quarter beat estimates ($24.89 actual versus $20.98 estimate) and produced a 15.4% reaction, part of an eight-quarter beat streak with an average absolute reaction of 9.2%. Over the last 90 days, Congress recorded 4 buys and 0 sells; over the last 30 days there were 7 unusual options signals, with call premium of $593.8 million against put premium of $472.1 million. Seasonally, the next 20 trading days have averaged +8.5% over 5 years, rising in 3 of them.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $1,015.80200-day averageGekko Fair Value $991.41

Key stats

Market cap
$1.15T
P/E ratio
21
Forward P/E
6
EPS, TTM
$46.63
Revenue, TTM
$90.27B
Profit margin
55.9%
Dividend yield
0.06%
Beta
2.22
Volume
34.59M avg 24.22M
1-year return
+534.9%
Typical daily move
±4.2%
Typical 20-day move
±9.4%
50-day average
$927.26
200-day average
$640.15
Next earnings
Sep 30 after close
Shares outstanding
1.13B
52-week range
$154.65$1,255.00

Micron Technology swing-trade checklist

Micron Technology scores 3 supportive, 2 mixed and 1 headwind across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive2 mixed1 headwind

  • Trendsupportive

    Above 50 and 200-day

    Close $1015.80 is above the 50-day ($927.26) and 200-day ($640.15) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    52.8, Neutral

    Reading 52.8 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuemixed

    2.5% above

    Price is within 5% of Gekko Fair Value (2.5% above).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: Congress 4 buys / 0 sales. Last 30 days: 7 unusual options signals.

    See smart money
  • Earnings riskheadwind

    Reports in 10 days

    Reports on Sep 30, 2026, 10 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +8.5% on average

    From this point in the calendar, the next 20 trading days averaged +8.5% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Micron Technology stock chart and price history

Micron Technology closed at $1,015.80 on Sep 18, 2026, +534.9% over the past year, inside a 52-week range of $154.65 to $1,255.00.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+8.4%
3 months
−10.4%
6 months
+128.6%
1 year
+534.9%
The full MU chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MU in Gekko

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About Micron Technology

Micron Technology builds and sells memory and storage chips that go inside computers, phones and countless other electronic devices. Its core products include DRAM, which handles quick data access, NAND flash for storing information without power, and NOR chips built for fast reading. These parts are sold under the Micron and Crucial names, along with versions made for other companies to brand as their own.

The company runs through four segments covering Compute and Networking, Mobile, Storage, and Embedded uses. Buyers of its chips include operators of cloud and enterprise data centers, makers of laptops, desktops and graphics hardware, smartphone manufacturers, networking firms, automotive and industrial equipment producers, and consumer electronics brands. Micron reaches these customers through its own sales staff, outside sales agents, distributors, retail partners, an online storefront, and other channel relationships.

Micron Technology traces back to 1978 and operates out of Boise, Idaho. Its stock is listed on the NASDAQ under the ticker MU.

Listed
NASDAQ
Sector
Electronic technology
Industry
Semiconductors
Website
micron.com

Micron Technology GekkoIndex: the smart money zone

Micron Technology’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 52.8, in the Neutral zone, down 2.4 points over five sessions.

010052.8Neutral

Down 2.4 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying14+5.5%+11.0%+10.1%+48.1%
Accumulation157+2.6%+4.0%+7.6%+28.4%
Neutral (current zone)388+2.0%+4.3%+9.5%+28.4%
Distribution101+2.7%+6.0%+13.9%+18.3%
Selling2Too few readings yet

Average MU share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the MU price, zone by zone.Track MU in Gekko

Is Micron Technology stock overvalued? Gekko Fair Value

Micron Technology trades 2.5% above Gekko Fair Value of $991.41, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Micron Technology shares are worth, recalculated every trading day.

$991.41

Gekko Fair Value, Sep 19, 2026

2.5% above fair value · About fair value

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open MU in Gekko

Micron Technology insider and Congress trading

No open-market insider purchases were filed for Micron Technology, and members of Congress disclosed 4 purchases and 0 sales, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for MU in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every MU insider filing, plotted on the chart in Gekko.Open MU in Gekko

Congress trades last 90 days

4trades disclosed: 4 purchases and 0 sales.

MemberTypeAmountDisclosed
Daniel Milton Newhouse
House, WA, purchase
Purchase$1,001 - $15,000Jul 20
traded Jul 10
Daniel Milton Newhouse
House, WA, purchase
Purchase$1,001 - $15,000Jul 20
traded Jul 9
Sheldon Whitehouse
Senate, RI, purchase
Purchase$1,001 - $15,000Jul 8
traded Jun 25
Michael Rulli
House, purchase
Purchase$1,001 - $15,000Aug 10
traded Jun 25

From congressional disclosures, which report amounts as ranges.

Buybacks

Micron Technology has been buying back its own shares.

Bought back, quarter ended May 28, 2026
$217.0M
As a share of market cap
0.02%

From company filings.

Unusual options activity last 30 days

7signals, 56% of the flagged premium in calls.

Latest: Bullish flow on Sep 19, $119.4M in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

9of the funds Gekko tracks hold MU.

3added3opened3trimmed5sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Micron Technology earnings: next date and track record

Micron Technology reports on Sep 30, 2026, after the close (10 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±9.2%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

+16.9%Sep ’24−19.8%Dec ’24−7.2%Mar ’25−1.5%Jun ’25−1.8%Sep ’25+6.9%Dec ’25−3.8%Mar ’26+15.4%Jun ’26

Last earnings call, Jun 24, 2026 AI summary

What they said
Micron reported record cash flow, generating in the last two quarters as much as the company's entire prior history, driven by strong AI data center and edge memory demand. Management announced Strategic Customer Agreements (SCAs) covering ~40% of business with targets reaching 50%. HBM demand significantly exceeds supply through 2028 across all product variants. DRAM/NAND mix remains stable at approximately 75-80%/20-25%.
Guidance
Q4 cash flow expected to grow sequentially. Capital returns to accelerate from December 9th (CHIPS agreement anniversary), primarily via share buybacks, with dividend growth continuing. HBM market tightness expected to persist beyond 2027.
ReportedEPSSurpriseRevenueSurpriseMove
Jun 24, 2026$24.89
est $20.98
+18.6%$41.46B
est $35.91B
+15.4%+15.4%
Mar 18, 2026$12.20
est $9.19
+32.8%$23.86B
est $19.97B
+19.5%−3.8%
Dec 17, 2025$4.78
est $3.96
+20.7%$13.64B
est $12.91B
+5.7%+6.9%
Sep 23, 2025$3.03
est $2.86
+5.9%$11.32B
est $11.22B
+0.9%−1.8%
Jun 25, 2025$1.91
est $1.60
+19.4%$9.30B
est $8.86B
+4.9%−1.5%
Mar 20, 2025$1.56
est $1.43
+9.1%$8.05B
est $7.90B
+2.0%−7.2%
Dec 18, 2024$1.79
est $1.75
+2.3%$8.71B
est $8.71B
−0.1%−19.8%
Sep 25, 2024$1.18
est $1.12
+5.4%$7.75B
est $7.65B
+1.3%+16.9%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Micron Technology stock forecast and analyst price targets

Analysts’ average 12-month price target for Micron Technology is $1,513.11, +49.0% from the last close, from 30 firms rating the stock in the last 90 days.

$1,513.11consensus 12-month target, +49.0% from the last close
Low $1,100High $2,200
Buy29
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 30 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 17RBC CapitalBuy, maintained$1,500+47.7%
Sep 17Deutsche Bank Buy, reiterated
Sep 15TD CowenBuy, reiterated$1,600+57.5%
Sep 11Goldman SachsHold, maintained$1,100+8.3%
Sep 8BernsteinBuy, maintained$1,300+28.0%
+9.5%average 20-day move after past Neutral readings
+8.5%average move over the next 20 trading days in the last 5 years
±4.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Micron Technology seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, Micron Technology averaged +8.5% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−7.1%2021+2.7%2022−2.4%2023+25.5%2024+24.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days0.0%2 of 5
Next 10 trading days+4.5%2 of 5
Next 15 trading days+4.0%2 of 5
Next 20 trading days+8.5%3 of 5
Next 30 trading days+10.6%3 of 5

For scale, MU’s typical 20-trading-day move in either direction is about 9.4%.

Micron Technology market cap and key statistics

Micron Technology’s market cap is $1.15T, with a P/E ratio of 21 and revenue of $90.27B over the last twelve months.

Valuation

Market cap
$1.15T
P/E ratio
21
Forward P/E
6
EPS, TTM
$46.63
Gekko Fair Value
$991.41

Trading

Volume
34.59M
Avg volume, 20 days
24.22M
52-week high
$1,255.00
52-week low
$154.65
Shares outstanding
1.13B

Financials

Revenue, TTM
$90.27B
Profit margin
55.9%
Return on equity
66.6%
Quarterly earnings growth, YoY
+1,369.0%

Risk and income

Beta
2.22
Typical daily move
±4.2%
Typical 20-day move
±9.4%
Dividend yield
0.06%

Micron Technology peers

Micron Technology’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NVDANVIDIA+1.3%Neutral16.4% below
AVGOBroadcom+1.6%Accumulation0.8% below
AMDAdvanced Micro Devices+2.3%Neutral11.9% above
INTCIntel−1.1%Neutral12.9% above
TXNTexas Instruments+2.2%Accumulation3.3% above
KLACKLA+3.8%Accumulation2.1% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Micron Technology stock FAQ

What is Micron Technology’s market cap?

Micron Technology’s market cap is $1.15T at the Sep 18, 2026 close of $1,015.80, with 1.13B shares outstanding. The shares trade on a P/E ratio of 21.

What is the Micron Technology stock forecast?

The consensus analyst 12-month price target for Micron Technology is $1,513.11, +49.0% from the last close. Of the 30 firms that rated the stock in the last 90 days, 29 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Micron Technology stock overvalued or undervalued?

On Gekko’s estimate Micron Technology is about fair value: the Sep 18, 2026 close of $1,015.80 is 2.5% above Gekko Fair Value of $991.41. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Micron Technology report earnings next?

Micron Technology is expected to report on Sep 30, 2026, after the market closes (10 days away). Analysts expect earnings of $31.27 per share on revenue of $50.59B. Micron Technology beat the earnings estimate in 8 of its last 8 reports, moving 9.2% on average across the report.

What is Micron Technology’s 52-week high and low?

Micron Technology’s 52-week high is $1,255.00 and its 52-week low is $154.65; it closed at $1,015.80 on Sep 18, 2026, +534.9% over the past year.

Is Micron Technology stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (trend, smart money and seasonality), 2 as mixed (gekkoindex and fair value) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Micron Technology?

Gekko flagged 7 unusual options signals in Micron Technology over the last 30 days, with $593.8M of flagged premium in calls and $472.1M in puts. The latest, bullish flow, was on Sep 19, 2026 with $119.4M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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