Micron Technology stock gains 2.77 percent before Q4 results

Published on 09/22/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock closed at USD 1,043.96 on September 21, 2026, after a 2.77 percent gain. Fiscal Q4 results are due September 30.

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Micron Technology, Inc. (ISIN US5951121038) closed at USD 1,043.96 on Nasdaq on September 21, 2026, up USD 28.16, or 2.77 percent, from the prior close. The move came as investors positioned for fiscal fourth-quarter results scheduled for September 30, 2026.

Quarterly figures set a high bar

Micron's fiscal third quarter ended May 28, 2026, produced revenue of USD 41.5 billion, up 346 percent from the year-earlier quarter, according to The Globe and Mail on September 21, 2026. Diluted earnings reached USD 24.67 per share, compared with USD 1.68 a year earlier, while gross margin rose from 37.7 percent to 84.6 percent.

Another September 21, 2026 report from Barchart puts non-GAAP gross margin at a record 84.9 percent and non-GAAP earnings at USD 25.11 per share. The comparison is stark: quarterly revenue increased USD 32.0 billion year over year, showing that price increases and artificial-intelligence demand are driving the current earnings cycle.

September 30 brings the next test

Management guidance for fiscal Q4 2026 calls for revenue of about USD 50 billion, adjusted earnings of about USD 31 per share and gross margin near 86 percent, according to Ad-hoc-News on September 22, 2026. The company is scheduled to release those results on September 30, 2026.

The forecast also raises the comparison hurdle. Wall Street estimates cited by TipRanks point to fiscal Q4 earnings of USD 31.43 per share, versus USD 3.03 in the prior-year quarter, and revenue of USD 50.82 billion, an increase of about 349 percent. The market reaction will therefore depend not only on reported revenue and earnings, but also on the next guidance for memory pricing and supply.

Stock remains below yearly high

Micron traded between USD 1,030.68 and USD 1,064.49 on September 21, 2026. Its 52-week range was USD 154.65 to USD 1,255.00, leaving the close USD 211.04 below the high and USD 889.31 above the low.

The stock's market capitalization was approximately USD 1.1 trillion and volume was 28.2 million shares on September 21, 2026, below the reported average volume of 39.1 million. Stifel analyst Brian Chin reiterated a Buy rating and a USD 1,500 price target on September 21, 2026, according to TipRanks.

September 21 close sets the reference

Micron Technology stock closed at USD 1,043.96 on Nasdaq on September 21, 2026, with a daily change of 2.77 percent. The next quantified checkpoint is the September 30, 2026 fiscal Q4 release, when the USD 50 billion revenue guide and approximately USD 31 adjusted EPS target will be tested.