MU Micron Technology
US HBM/DRAM supplier; allocation thesis pulse
Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.
MU · price with what management and the data said
Timeline: management commentary, data & earnings
11 events-
11
2026-10-21Korea Customs (20-day)Data release
Oct 1–20 chip exports +222.5% y/y to $27.5B (44.7% of all exports). SSD-driven computer-peripheral exports +424%. Source ↗
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10
2026-10-01Korea MOTIRData release
September Korea chip exports +262.8% y/y to a record $60.3B; total exports a record $120.9B. Memory prices named as the main driver. Source ↗
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9
2026-09-30TrendForceSupply tightening
Q4'26 conventional DRAM contract prices seen +10–15% q/q and NAND +15–20%, on AI-server demand. An Oct 20 update put DRAM nearer +20%. Source ↗
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8
2026-09-30Sanjay Mehrotra, CEO (FQ4 call)Beat / raise
Record FQ4 revenue $54.2B vs $51.1B expected. Most calendar-2027 HBM volume already sold at much higher prices; expects tighter supply in FY27 and FY28. Source ↗
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7
2026-06-24EarningsBeat / raise
Reported EPS 25.11 vs 20.69 expected (+21.4% surprise).
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6
2026-03-18EarningsBeat / raise
Reported EPS 12.2 vs 9.16 expected (+33.2% surprise).
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5
2025-12-17EarningsBeat / raise
Reported EPS 4.78 vs 3.96 expected (+20.6% surprise).
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4
2025-09-23EarningsBeat / raise
Reported EPS 3.03 vs 2.86 expected (+5.9% surprise).
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3
2025-06-25EarningsBeat / raise
Reported EPS 1.91 vs 1.59 expected (+19.8% surprise).
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2
2025-03-20EarningsBeat / raise
Reported EPS 1.56 vs 1.42 expected (+9.5% surprise).
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1
2024-12-18EarningsBeat / raise
Reported EPS 1.79 vs 1.77 expected (+1.4% surprise).
Latest headlines
Auto-updated dailyAlternative data that moves MU
Earnings history
EPS vs expectations| Date | Expected EPS | Reported EPS | Surprise |
|---|---|---|---|
| 2026-09-30 | 31.82 | 33.42 | +5.0% |
| 2026-06-24 | 20.69 | 25.11 | +21.4% |
| 2026-03-18 | 9.16 | 12.2 | +33.2% |
| 2025-12-17 | 3.96 | 4.78 | +20.6% |
| 2025-09-23 | 2.86 | 3.03 | +5.9% |
| 2025-06-25 | 1.59 | 1.91 | +19.8% |
| 2025-03-20 | 1.42 | 1.56 | +9.5% |
| 2024-12-18 | 1.77 | 1.79 | +1.4% |
| 2024-09-25 | 1.11 | 1.18 | +5.9% |
| 2024-06-26 | 0.53 | 0.62 | +17.3% |
| 2024-03-20 | -0.24 | 0.42 | +273.8% |
| 2023-12-20 | -1.01 | -0.95 | +5.8% |
| 2023-09-27 | -1.18 | -1.07 | +9.3% |
| 2023-06-28 | -1.57 | -1.43 | +8.7% |
| 2023-03-28 | -0.88 | -1.91 | −115.8% |
| 2022-12-21 | -0.02 | -0.04 | −114.0% |
| 2022-09-29 | 1.37 | 1.45 | +5.8% |
| 2022-06-30 | 2.44 | 2.59 | +6.0% |
| 2022-03-29 | 1.98 | 2.14 | +8.1% |
| 2021-12-20 | 2.11 | 2.16 | +2.6% |
| 2021-09-28 | 2.34 | 2.42 | +3.4% |
| 2021-06-30 | 1.72 | 1.88 | +9.2% |
| 2021-03-31 | 0.95 | 0.98 | +3.7% |
| 2021-01-07 | 0.69 | 0.78 | +13.0% |
About Micron Technology
Website ↗Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally. It operates through Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit segments. The company provides dynamic random access memory (DRAM) products, including High-Bandwidth Memory, doublie data rate, low-power DRAM, and graphics DRAM products; NAND products comprising solid state drives, managed NAND, and multi-chip packages; and NOR products. The company sells its products under the Micron brand name and private labels through its own direct sales force, sales or representative offices, as well as through distributors, retailers, and independent sales representatives. Micron Technology, Inc. was founde…
Three suppliers make essentially all HBM. Each HBM bit consumes several times the wafer area of standard DRAM, crowding out conventional supply.
What would prove us wrong. Weakens if HBM inventory builds and pricing softens while GPU shipments rise.
Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.