Overview
- Micron will report fiscal Q1 2026 results after the market close on Wednesday, December 17.
- Traders are pricing an earnings-week swing of about plus or minus 9% in the shares, according to options markets.
- Visible Alpha consensus points to roughly $12.93 billion in revenue, up about 48% year over year, and adjusted EPS near $3.96.
- Wedbush raised its price target to $300 with an Outperform rating, Rosenblatt reiterated a $300 Buy, and recent hikes from Stifel, Citi, and Deutsche Bank reinforced a broadly bullish stance.
- The investment case centers on tight DRAM/HBM supply and higher pricing as Micron pivots to Cloud Memory and HBM products, with plans to exit consumer memory after February 2026.