Micron Technology stock weighs record fiscal 2026 results

Published on 10/05/2026 at 19:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock was last at USD 1,064.71 on October 5, 2026, while fiscal Q4 revenue reached USD 54.23 billion. Adjusted EPS was USD 33.42 and fiscal Q1 guidance is USD 61.5 billion.

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Micron Technology (ISIN US5951121038) was trading at USD 1,064.71 on Nasdaq on October 5, 2026, while its latest quarter produced USD 54.23 billion in revenue and USD 33.42 in non-GAAP diluted EPS. The results released on September 30, 2026, reset the company’s earnings base after a year of exceptional AI-related memory demand.

Record quarter resets earnings

According to Micron on September 30, 2026, fiscal Q4 revenue rose from USD 11.32 billion in the prior-year quarter to USD 54.23 billion. Non-GAAP diluted EPS increased from USD 3.03 to USD 33.42, while GAAP net income reached USD 37.70 billion.

The annual comparison is just as stark. Fiscal 2026 revenue reached USD 133.19 billion versus USD 37.38 billion in fiscal 2025, and non-GAAP diluted EPS rose to USD 75.52 from USD 8.29, according to Micron.

Guidance stays above consensus

Micron guided fiscal Q1 2027 revenue to USD 61.5 billion plus or minus USD 1.5 billion and non-GAAP diluted EPS to USD 38.15 plus or minus USD 1.00. The company also forecast non-GAAP gross margin of 86.25 percent for the quarter.

CNBC reported on October 1, 2026, that adjusted EPS of USD 33.42 exceeded the USD 31.61 consensus and revenue of USD 54.23 billion topped the USD 51.07 billion estimate. That comparison puts the guidance above a high base rather than merely marking a recovery from weak memory pricing.

Consensus target stays higher

According to MarketBeat on October 1, 2026, 40 analysts rated Micron a Buy and five rated it a Hold, producing a Moderate Buy consensus and an average price target of USD 1,375.58. That target lies 29.2 percent above the USD 1,064.71 Nasdaq price used here.

The same MarketBeat report said Rosenblatt Securities raised its target to USD 1,900 from USD 1,500 while keeping a Buy rating. The company’s valuation therefore reflects both sharply higher earnings and elevated expectations for continued AI memory demand.

Micron Technology stock trades below its high

Micron Technology stock was trading at USD 1,064.71 on Nasdaq on October 5, 2026 at 1:44 p.m. ET, down 0.95 percent from the prior close of USD 1,074.89. The 52-week range was USD 179.61 to USD 1,255.00, while market capitalization stood at USD 1.2 trillion.