Boise, Idaho-based Micron Technology, Inc. (MU) is a leading semiconductor memory and storage company that designs and manufactures technologies used to move, process and store data. The company has a market capitalization of $560.2 billion. Its portfolio spans DRAM, NAND and NOR, along with solid-state drives and high-bandwidth memory (HBM), serving data centers, PCs, smartphones, automotive systems and other computing applications.
GIS is expected to release its Q4 2026 earnings after the market closes on Wednesday, Sept. 30. Ahead of the event, analysts expect the company’s EPS to be $31.24 on a diluted basis, up 992.3% from $2.86 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
For fiscal 2026, analysts project the company’s EPS to be $72.99, up 850.4% from $7.68 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 117.4% year over year to $158.67 in fiscal 2027.
www.barchart.com MU stock has surged 590.1% over the past 52 weeks, significantly outperforming the S&P 500 Index’s ($SPX) 17.2% rise and the State Street Technology Select Sector SPDR ETF’s (XLK) 41.2% rise during the same time frame.
www.barchart.com Micron’s stock has surged over 250% in 2026, fueled by soaring memory prices and booming AI data-center demand, particularly for its high-bandwidth memory (HBM) products. With Micron now shipping HBM4 in volume and developing HBM4E for 2027, its Sept. 30 fiscal Q4 earnings report will offer a key read on whether the AI-driven memory cycle can continue. The company expects about $50 billion in revenue, with Wall Street estimates broadly in line. Its strong track record of beating expectations has further raised expectations for another strong quarter.
On Sept. 17, Micron shares popped 6% after the company announced a $2.75 billion investment in an assembly and test facility in Sanand, Gujarat, strengthening its manufacturing footprint in India and supporting its broader AI expansion. The facility has already begun commercial operations, with its first India-produced memory modules shipped to Dell for use in laptops sold in the country. Production is expected to scale from tens of millions of chips in 2026 to hundreds of millions in 2027, positioning Micron to capture rising demand for memory and storage driven by the global AI infrastructure buildout.
Analysts are strongly bullish about MU, with the stock having a “Strong Buy” rating overall. Among the 41 analysts covering the stock, 33 are recommending a “Strong Buy,” four suggest a “Moderate Buy,” and four give it a “Hold.” MU’s average analyst price target of $1,479.67 offers a 36.7% upside potential.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
With AI Putting Cybersecurity in the Spotlight, Fortinet Stock Looks Hot at New All-Time Highs The AI Fear That Crushed Accenture Just Created Its Biggest Opportunity. Here’s What The Anthropic Partnership Means. While Everyone’s Debating Muse, Mark Zuckerberg Is Quietly Building a 4,300-Mile Cable Under the Ocean. Here’s What It’s For. HP Stock Slips as PC Maker Warns of Industry Decline in 2027