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Micron's Q4 earnings guidance may seem weak, but strong fundamentals support buying MU stock.

Company Fundamentals
29 Sep 2026
24/7 Wall Street
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Bullish
Micron's Q4 earnings guidance may seem weak, but strong fundamentals support buying MU stock.

Micron is set to report its fiscal Q4 results, with shares already up 273.63% year-to-date. Despite a potentially softer Q1 revenue outlook due to a shorter quarter, the company expects record revenue and earnings growth, supported by 16 strategic customer agreements and tight supply conditions extending into 2028. Analysts remain optimistic with a $1,520 average target price, suggesting that any cautious guidance might mask strong underlying earnings power. Investors should consider the broader growth trends and supply dynamics before reacting to the guidance.

Micron's upcoming earnings report has investors attentive as the stock continues its strong run this year. On Pluang, MU trades at USD 1,068.49 with a 1.38% gain as of Sep 29, 2026 23:22 WIB. The stock remains well above its 52-week low of $163.90 and close to its 52-week high of $1.21K, reflecting sustained buying interest with 72% of orders on Pluang being buys.

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