MUMicron Technology, Inc.
Micron Technology, Inc. (MU) sells DRAM and NAND flash memory chips, the building blocks for everything from smartphones to data centers. The next catalyst is Oct 15, 2026 — Trump Administration Export Controls Update, which will test how tightly the U.S. government restricts Micron’s ability to export advanced chips to China.
- Micron’s revenue hit $88.26B in 2026, with a net margin of 55.7% and a debt-to-equity ratio of 0.22x.
- The company’s diluted EPS was $24.67, and shareholders’ equity stood at $54.16B.
- Revenue grew 48.9% YoY, but the stock has struggled to sustain momentum in the face of global supply chain and geopolitical headwinds.
The schedule
- Thu15Oct
Potential new export restrictions on memory chips and semiconductor capital equipment driven by President Trump's administration.
- Fri6Nov
Q3 2026 Earnings Release. Focus will be on forward guidance, HBM gross margin expansion, and navigating a high valuation bar.
- Mon15Feb
Industry capital expenditure and supply discipline updates from major South Korean memory peers.
- Thu22Apr
Q1 2027 Earnings Release. Supply cuts and inventory normalization are expected to drive margin recovery.
- Thu29Jul
Q2 2027 Earnings Release. Evaluating broad memory cycle recovery and next-gen AI chip attach rates.
- Thu28Oct
Past
- Tue15Sep
Mid-quarter channel checks on High Bandwidth Memory (HBM3e) qualification and broader conventional DRAM pricing trends.
- Thu30Jul
Actual outcome: Bear
Micron met EPS estimates exactly at $12.25 and reportedly issued strong guidance with massive year-over-year revenue growth. However, the stock fell sharply below the bear floor due to a broader semiconductor sell-off, bearish warnings from high-profile investors like Michael Burry, and Apple's push for more memory suppliers, which stoked fears of future pricing pressure and cyclical headwinds.
Micron met EPS estimates exactly at $12.25 and reportedly issued strong guidance with massive year-over-year revenue growth. However, the stock fell sharply below the bear floor due to a broader semiconductor sell-off, bearish warnings from high-profile investors like Michael Burry, and Apple's push for more memory suppliers, which stoked fears of future pricing pressure and cyclical headwinds.
- Thu19Mar
Actual outcome: Bear · $422.90 at outcome
Micron reported Q2 EPS of $12.25, exactly matching consensus estimates. The stock fell 4.8% following the release, as the lack of an upside surprise and likely cautious forward guidance failed to satisfy elevated market expectations, prompting a post-earnings sell-off.
Micron reported Q2 EPS of $12.25, exactly matching consensus estimates. The stock fell 4.8% following the release, as the lack of an upside surprise and likely cautious forward guidance failed to satisfy elevated market expectations, prompting a post-earnings sell-off.
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