MU
Micron TechnologyPrevious close
884.74
Change
−49.53 / −5.30%
P/E (TTM) ?
11.8
Market Cap
$989B
1M
−16.93%
S&P 500 −0.91% over same period
Volume / Avg Volume
31.1M / 24.5M
1.27× average
Latest earnings analysisFY2026 Q3Reported 2026-06-24
Micron FY26 Q3: revenue $41.46B at 84.6% margin, Q4 guided to $50B
Verdict: Bullish on the quarter's numbers. Micron delivered $41.46 billion of revenue, $28.24 billion of GAAP net income and an 84.6% gross margin, then guided fiscal Q4 to $50.0 billion. Read it as pricing power plus AI demand rather than shipping volume: DRAM alone produced $31.33 billion of revenue. The caveat is that these margins sit far above the 35.3%–44.7% range Micron reported across fiscal 2025.
Read the full analysis →Revenue$41.46BYoY +345.70%
EPS (non-GAAP)$25.11
Next-quarter revenue guidance$50.00B ±2%Below estimatesest. $52.10B
Next-day move+15.74%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-05 | 2026-06-24 | $41.5B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-02 | 2026-03-18 | $23.9B | Pending |
| FY2026 Q1 Quarter ended 2025-11 | 2025-12-17 | $13.6B | Pending |
| FY2025 Q4 Quarter ended 2025-08 | 2025-09-23 | $37.4B | Pending |
| FY2025 Q3 Quarter ended 2025-05 | 2025-06-25 | $9.3B | Pending |
| FY2025 Q2 Quarter ended 2025-02 | 2025-03-20 | $8.1B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 0 of its 5-year rangeCheap
5-year range 18.7 – 146.8 · Median 29.1
Last 4 quarters: $650M in buybacks + $610M in dividends, 0.13% of market cap combined
P/E (TTM)
11.8
P/B
7.2
P/S
7.5
Dividend Yield
0.60%
Earnings Reaction
Over the last 6 reports, the stock moved ±6.9% on average on the first trading day after, rising 2 times
Most recent +15.74%
Guidance Credibility
Of the last 4 next-quarter revenue guides, 4 were met; actual results averaged 16.5% above guidance
Volatility & Correlation
1-year beta 3.38 · Correlation with S&P 500 0.53High beta
Annualized volatility 82% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 2 · $31.6MNet selling $31.6M
- 10-16Deboer Scott JPres. & Chief Tech & Prod OffrSell$25.7M28,544.572 shares · 3 trades · Avg price 900.00
- 10-14RAY MICHAEL CHARLESSVP, Chief Legal OfficerSell$5.9M6,328 shares · 28 trades · Avg price 929.75
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q4 | 54.23 | +379.3% | 86.8% | 37.70 | 32.99 |
| FY2026 Q3 | 41.46 | +345.7% | 84.6% | 28.24 | 24.67 |
| FY2026 Q2 | 23.86 | +196.3% | 74.4% | 13.79 | 12.07 |
| FY2026 Q1 | 13.64 | +56.7% | 56.0% | 5.24 | 4.60 |
| FY2025 Q4 | 11.32 | +46.0% | 44.7% | 3.20 | 2.83 |
| FY2025 Q3 | 9.30 | +36.6% | 37.7% | 1.89 | 1.68 |
| FY2025 Q2 | 8.05 | +38.3% | 36.8% | 1.58 | 1.41 |
| FY2025 Q1 | 8.71 | +84.3% | 38.4% | 1.87 | 1.67 |
| FY2024 Q4 | 7.75 | +93.3% | 35.3% | 0.89 | 0.81 |
| FY2024 Q3 | 6.81 | +81.5% | 26.9% | 0.33 | 0.30 |
| FY2024 Q2 | 5.82 | +57.7% | 18.5% | 0.79 | 0.71 |
| FY2024 Q1 | 4.73 | +15.7% | -0.7% | -1.23 | -1.12 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
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| AVGO | 40.4 | +85.5% | 69.1% | −7.15% | Bullish |
| AMD | 143.0 | +50.1% | 53.8% | −17.48% | Bullish |
| INTC | — | +20.9% | 43.0% | −45.30% | Bullish |
| PLTR | 156.5 | +92.8% | 84.7% | −1.57% | Bullish |
| ORCL | 21.5 | +29.6% | — | −4.83% | Bullish |