Micron Technology reported a strong quarterly performance driven by high demand for AI chips, surpassing revenue and earnings per share (EPS) expectations. The company's guidance suggests continued growth momentum, with a projected fiscal year 2027 revenue midpoint of $61.5 billion and a gross margin floor of 86%. Long-term contracts and partnerships with Nvidia on high-bandwidth memory (HBM) enhance revenue predictability and support a more valuable product mix. A revised discounted cash flow (DCF) analysis values the stock at $1,369.73, indicating a potential 27.4% upside, reinforcing a buy recommendation.
Micron Technology holds a market cap of $1.21 trillion and a dividend yield of 0.06% as of Oct 05, 2026 19:13 WIB on Pluang. Despite the article's positive outlook with a DCF valuation of $1,369.73, the stock price on Pluang is currently $1,067.99, down 0.64% for the day. Trading volume stands at 27,337,514 shares, reflecting active investor interest in the technology sector.
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Memory prices are rising sharply, benefiting Micron Technology with record profit margins due to locked-in supply contracts through 2030, while increasing costs hurt Apple's product margins. Micron's stock is up nearly 200% this year, with a strong b...
Micron Technology stands out as a leading AI memory stock, with over 75% of its fiscal 2027 shipments already secured through long-term contracts. Despite a recent price dip, the company reported a record quarter with revenue and earnings surpassing ...
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