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Micron (MU) Stock Price & Analysis

MU Stock Chart & Stats

$884.74-$49.53(-5.30%)
At close: 4:00 PM EDT
$900$1,000$1,1003 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$861.59 - $906.54
52-Week Range
$192.59 - $1,255.00
Previous Close
$934.27
Volume
40.80M
Average Volume (3M)
26.24M
Market Cap
$1.00T
Enterprise Value
$1.06T
Total Cash (Recent Filing)
$43.43B
Total Debt (Recent Filing)
$5.18B
Price to Earnings (P/E)
11.7
Beta
2.54
Next Earnings
Dec 23, 2026 (Est.)
EPS Estimate
38.23
Last Dividend Ex-Date
Oct 14, 2026
Dividend Yield
0.06%

Bulls Say, Bears Say

Bulls Say

Conservative Balance Sheet

Micron’s declining leverage and expanding equity base provide financial resilience through memory-market downturns. A stronger balance sheet supports continued capacity investment, technology development, and customer commitments while reducing the strain that cyclical earnings volatility can place on funding flexibility.

Committed Demand And Tight Market

High shipment coverage gives Micron meaningful forward demand visibility and reduces reliance on spot-market sales over the next several quarters. Expected market tightness, continued pricing increases, and better mix also support sustained margin expansion, although the pace is expected to moderate.

HBM And Technology Position

Faster HBM growth and a stated technology lead position Micron to capture increasing memory content from AI systems. The NVIDIA HBM4E collaboration and ongoing node development could strengthen product differentiation and support a more favorable mix than commodity memory alone.

Bears Say

Severe Earnings Cyclicality

Micron’s results remain highly exposed to memory pricing and volume cycles, so the latest profit rebound may not be stable across changing supply-demand conditions. A downturn could quickly reduce margins and earnings, making operating performance less predictable despite recent strength.

Inconsistent Free Cash Flow

The sharp variation in free cash flow shows that accounting profits do not consistently translate into cash across the cycle. Weak conversion during down-cycles or investment-heavy periods can constrain internally funded expansion and increase dependence on careful capital allocation when conditions weaken.

Capacity And Clean-room Constraints

Capacity limitations may prevent Micron from fully serving strong AI and memory demand in the near to medium term. Delays between facility openings and meaningful wafer output can limit shipment growth, defer revenue opportunities, and leave the company carrying substantial expansion commitments before benefits arrive.

Micron News

MU FAQ

What was Micron’s price range in the past 12 months?
Micron lowest stock price was $192.59 and its highest was $1255.00 in the past 12 months.
What is Micron’s market cap?
Micron’s market cap is $1.00T.
When is Micron’s upcoming earnings report date?
Micron’s next earnings report is estimated for Dec 23, 2026 (not yet confirmed), which is in 51 days.
How were Micron’s earnings last quarter?
Micron released its earnings results on Sep 30, 2026. The company reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.77 by $1.65.
Is Micron overvalued?
According to Wall Street analysts Micron’s price is currently Undervalued.
Does Micron pay dividends?
Micron pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 0.06%. See more information on Micron dividends here
What is Micron’s EPS estimate?
Micron’s EPS estimate is 38.23.
How many shares outstanding does Micron have?
Micron has 1,131,423,200 shares outstanding.
What happened to Micron’s price movement after its last earnings report?
Micron reported an EPS of $33.42 in its last earnings report, beating expectations of $31.77. Following the earnings report the stock price went up 3.031%.
Which hedge fund is a major shareholder of Micron?
Hedge funds hold Micron shares: the largest hedge-fund position in Micron is 71,885,863 shares, and hedge funds increased their holdings by 4.4M shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology