Micron Technology stock falls 2.22 percent as earnings near

Published on 09/24/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock stood at USD 1,071.88 on September 23, 2026, 14.59 percent below its 52-week high. Q3 revenue reached USD 41.46 billion, while Q4 results are scheduled for September 30.

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Micron Technology stock (ISIN US5951121038) stood at USD 1,071.88 on Nasdaq on September 23, 2026, down 2.22 percent from the prior session. The move comes as the memory-chip maker approaches its scheduled Q4 2026 results on September 30, with the earnings setup centered on another sharp increase in revenue and earnings expectations.

Q3 revenue sets a high bar

Micron reported Q3 2026 revenue of USD 41.46 billion, up 345.8 percent from the year-earlier quarter, according to MarketBeat. Earnings per share came in at USD 25.11, versus a consensus estimate of USD 21.39, producing a USD 3.72 beat.

The comparison shows why the next report carries unusual weight. Q4 consensus calls for earnings of USD 31.43 per share and revenue of USD 50.8218 billion, according to MarketBeat. That forecast implies a further USD 9.3618 billion increase in quarterly revenue from Q3.

Analyst target stays above price

RBC Capital Markets kept its Outperform rating and USD 1,500 price target on September 18, 2026, according to MarketScreener. The target lies 39.94 percent above the September 23 price, leaving the analyst view dependent on continued demand for high-bandwidth memory and other advanced memory products.

Micron operates across memory and storage markets serving data centers, personal computers, mobile devices, automotive systems and industrial applications. Its latest quarterly performance indicates that data-center demand is currently the key earnings lever, while the September 30 release will test whether the Q4 revenue forecast can support the stock after its substantial annual advance.

Stock remains below yearly high

At USD 1,071.88 on Nasdaq on September 23, 2026 at 4:00 p.m. ET, Micron Technology stock was 14.59 percent below its 52-week high of USD 1,255 and above its 52-week low of USD 154.65. The next measurable checkpoint is the Q4 2026 report scheduled for September 30.