Micron Technology (MU)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-29
$934.27-4.98%
Close 2026-10-29 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-29
Research Workspace
Put MU beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Semiconductors is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Achieve and grow earnings per share (EPS) with strong profitability: Direct metric needs a verified mapping.
View ThesisRevenue growth is accelerating — up about 167% over the past year.
View GrowthManagement screens strong on capital allocation, earnings delivery, guidance credibility.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 39% in its worst 12-month stretch.
View RiskMicron’s thesis rests on AI and data-center demand driving record revenue growth. Revenue growth accelerated to 379% year over year in fourth-quarter fiscal 2026, which beat earnings consensus. MU trades at 12× P/E versus a 56× peer median. The desk says the price reflects less growth than forecast. Our model puts next-quarter earnings miss probability near 12%. A sharp drop from the recent high flags possible thesis repricing, and the earnings pillar needs verified mapping. Peer multiples imply a price about 37% above where it trades; the thesis is on watch.
Trailing returns as of 2026-10-29. MU is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 49 analysts currently covering MU (as of Oct 2026).
Based on 11 Wall Street analysts offering 12-month price targets for MU in the last 4 months.
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Compare MU with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| MU Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Semiconductors — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put MU next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Drive record revenue growth through AI and data center demand
Claim that Micron absorbs lower-tier spillover suggests weaker AI customer mix and potential pricing pressure.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $934.27
The last 12 months of price, then the range of analyst 12-month targets from today’s $934.27.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 10% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Drive record revenue growth through AI and data center demand
Reported record quarterly revenue and higher next-quarter guidance strongly support AI-driven growth and the Q3 revenue objective.
Advances: Achieve and grow earnings per share (EPS) with strong profitability
Profit-linked employee bonuses align compensation with earnings, but do not establish results.
Advances: Invest approximately $200 billion in semiconductor manufacturing and R&D
Reported domestic metals refining supports semiconductor supply-chain resilience and Micron's U.S. investment plans.
Advances: Invest approximately $200 billion in semiconductor manufacturing and R&D
US indium-processing investment supports manufacturing resilience and the stated investment objective amid export restrictions.
Threatens: Achieve and grow earnings per share (EPS) with strong profitability
Planned Taiwan strike over bonuses risks disruption and raises labor-cost uncertainty.
Threatens: Drive record revenue growth through AI and data center demand
Chinese memory competition threatens AI-led demand and could pressure HBM margins.
Threatens: Achieve and grow earnings per share (EPS) with strong profitability
Strike authorization underscores labor-disruption and compensation risks in Taiwan.
