Micron Technology stock tops $1,000 on AI memory demand

Published on 09/07/2026 at 15:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock is back above $1,000 after a 6.1 percent jump on September 4, 2026, as AI memory demand and strong fiscal Q3 figures kept buyers active.

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 Inc. (US5951121038) closed at USD 1,016.59 on September 4, 2026, up 6.1 percent, after trading volume topped 35.2 million shares. TradingKey said the move came as AI memory demand and strong earnings expectations pushed the stock back above the USD 1,000 mark.

Q3 numbers stayed hot

For fiscal Q3 2026, Micron reported revenue of USD 41.46 billion, up 345.8 percent from the same quarter a year earlier, while non-GAAP gross margin reached 84.9 percent. MarketBeat also cited quarterly EPS of USD 25.11, above consensus by USD 3.72, which gives the rally a clear earnings anchor.

The same source said Micron set Q4 2026 guidance at USD 30.00 to USD 32.00 EPS, and analysts on average expect USD 72.93 EPS for the current fiscal year. MarketBeat That leaves the next report as the market's main reference point.

Analysts still lean positive

MarketBeat put the consensus rating at Buy with an average target price of USD 1,295.63, while several named houses in its feed showed fresh June 25 target raises. Deutsche Bank lifted its target from USD 1,500 to USD 1,550, Goldman Sachs moved to USD 1,100 from USD 900, and Rosenblatt raised its objective from USD 1,200 to USD 1,500.

The gap to that consensus target is still meaningful after the September 4 close, and the stock's 40 percent rise from its July low, cited by Benzinga, shows how quickly sentiment has shifted around memory pricing and AI server demand.

HBM and DRAM drive the story

Micron's business is now being judged less on the old memory cycle and more on high bandwidth memory and DRAM pricing. MEXC said DRAM made up about 76 percent of fiscal Q3 2026 revenue, NAND about 24 percent, and data center revenue passed USD 25 billion.

That mix matters because it turns pricing into the main lever for margins and cash generation. The market is also watching whether the current AI buildout can hold the non-GAAP gross margin near 84.9 percent into the September quarter.

September 30 is the date

MarketBeat earnings calendar lists Micron Technology's next earnings date as September 30, 2026, which makes the late-September print the key event for traders and long-only investors alike.

For Micron Technology stock, the question is whether the USD 1,016.59 close on September 4 can hold until that date, or whether the market pauses after a 6.1 percent jump in one session.