Micron Technology stock heads into earnings after revenue jumps 345.8 percent

Published on 09/28/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock closed at USD 1,082.28 on September 25, 2026, before its next earnings report. Citi raised its target to USD 1,300.

Nahaufnahme eines generischen DRAM-Speicherchips auf schwarzem Substrat mit goldenen Bond-Drähten und polierter Siliziumoberfläche unter kühlem Studioblaulicht — Micron Technology US5951121038 generischer DRAM Speicherchip mit goldenen Bond Drähten fotorealistisch aufgenommen, Illustration mit AI erstellt.

Micron Technology (ISIN US5951121038) closed at USD 1,082.28 on Nasdaq on September 25, 2026, with the next earnings report scheduled for September 30, 2026. The memory-chip maker enters that date after fiscal third-quarter revenue reached USD 41.46 billion, up 345.8 percent from the year-earlier period.

Revenue reached USD 41.46 billion

Stock Titan reports that Micron's fiscal Q3 2026 revenue rose from USD 9.30 billion a year earlier to USD 41.46 billion for the quarter ended May 28, 2026. GAAP net income reached USD 28.24 billion, or USD 24.67 in diluted EPS, while operating cash flow was USD 25.39 billion.

The comparison is unusually wide even for a cyclical memory business. Non-GAAP diluted EPS was USD 25.11, and Micron guided fiscal Q4 revenue to USD 50.0 billion plus or minus USD 1.0 billion, with non-GAAP EPS of USD 31.00 plus or minus USD 1.00.

Citi lifts target to USD 1,300

According to MarketBeat on September 23, 2026, Citigroup raised its Micron price target from USD 1,150 to USD 1,300 and maintained a Buy rating. The report cited stronger DRAM pricing and continued demand for AI infrastructure.

That target sits above the USD 1,082.28 reference price, but the September 30 report remains the nearer test for the thesis. Investors will receive the first fresh evidence on whether the Q4 revenue guide and the elevated margin outlook can be sustained.

Stock stays below its yearly high

Micron's USD 1,082.28 closing price was 13.76 percent below its 52-week high of USD 1,255.00 and above its 52-week low of USD 159.97 on September 25, 2026. The session volume was 20,947,931 shares, while the prior close was USD 1,080.53.

Nasdaq lists September 30, 2026, as Micron's expected fiscal Q4 earnings date after the market close, with consensus EPS of USD 31.24, as shown on its earnings calendar. Micron Technology stock therefore reaches its next checkpoint with revenue growth, guidance and memory pricing all visible in the same reporting cycle.