Micron Technology, Inc. (MU) earnings on June 24, 2026
More Micron Technology, Inc. earnings
Prior outlook: Pessimistic Outcome: Missed
Micron Technology's stock price jumped significantly after its earnings report, closing up over 16%. Analysts responded positively, raising their price targets for the company.
MU price around the earnings
1188.26
Change: +13.3%
2026-06-26, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
- Thesis published
Extreme rally, overbought, high sell-the-news risk.
The stock has seen a massive rally, making it appear overbought. Despite a history of strong earnings, analysts cite price targets suggesting little room for growth, creating a risk that the scenario could turn pessimistic after the upcoming event.
Context analyzed before publication
- Summary
- Extreme rally, overbought, high sell-the-news risk.
- Playbook
- The stock experienced a significant price increase, reaching overbought levels. Analysts' price targets do not support further upside, indicating a potential for a pessimistic scenario.
- Trend
- Strong rally, but risk increasing into event.
Analysts
Drivers
-
Analysts
Neutral
While analysts generally recommend buying, their price targets suggest limited upside from the current price. This difference between analyst targets and the current price creates a divergence.
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.49
- Analysts covering the stock
- 39
- Average price target
- 1,022.92
- Lowest price target
- 249
- Highest price target
- 1,750
- Upside to price target
- -0.3%
- Quarterly earnings growth
- 770.8%
- Revenue growth
- 196.3%
- Forward EPS
- 121.77
- Trailing EPS
- 21.14
- Analyst moves in the last 60 days
- 10
- Strong buy: 9
- Buy: 29
- Hold: 4
- Sell: 1
- Strong sell: 0
- Strong buy
- 9
- Buy
- 29
- Hold
- 4
- Sell
- 1
- Strong sell
- 0
- June 23, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- June 22, 2026 · Needham: Maintains rating (Buy → Buy)
- June 18, 2026 · Rosenblatt: Maintains rating (Buy → Buy)
- June 18, 2026 · Stifel: Maintains rating (Buy → Buy)
- June 18, 2026 · Wedbush: Maintains rating (Outperform → Outperform)
- June 17, 2026 · Citigroup: Maintains rating (Buy → Buy)
- June 17, 2026 · Deutsche Bank: Maintains rating (Buy → Buy)
- June 15, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- June 15, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
- June 11, 2026 · Wolfe Research: Maintains rating (Outperform → Outperform)
News and sentiment
Drivers
-
News & sentiment
Negative
Market sentiment suggests the upcoming event's positive impact is already factored into the stock price. A high level of optimism among retail investors also contexts a potential for a trend reversal.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- S&P 500 Rebounds Ahead Of Micron Test, Oil Drops To $70: Stock Market Today — Benzinga
- Micron Earnings Reaction To Test AI Trade; SK Hynix US Listing Is Bad News For MU — Benzinga
- Why Is Micron Technology Stock Surging Wednesday? — Benzinga
- Micron Reports Tonight. The Real Story May Be Nvidia — Benzinga
- Micron Earnings Prediction Market Preview: What Will Sanjay Mehrotra Say About The Anthropic Deal? — Benzinga
- Stock Market Today: Dow Jones, S&P 500 Futures Gain As Trump Targets Energy Firms Overcharging At The Pump— FedEx, Cerebras, Micron In Focus (UPDATED) — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has surged significantly in the last 30 days, suggesting it is overbought. This extreme momentum indicates a high risk of a pessimistic scenario following the upcoming event.
Evidence
- Average true range (ATR)
- 9.4%
- Distance to 52-week high
- -15.3%
- 14-day change (14d)
- -1.2%
- 30-day change (30d)
- +40.7%
- 30-day relative strength
- +40.7%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 1,038.39
- Nearest resistance
- 1,054.15
- Volume accumulation ratio (14d / 46d)
- 1.12
Trends
Evidence
- Average earnings surprise
- +19.9%
- March 18, 2026: actual EPS 12.2 vs estimate 9.16 (surprise +33.2%)
- December 17, 2025: actual EPS 4.78 vs estimate 3.96 (surprise +20.6%)
- September 23, 2025: actual EPS 3.03 vs estimate 2.86 (surprise +5.9%)
- June 25, 2025: actual EPS 1.91 vs estimate 1.59 (surprise +19.8%)
Expected move
Drivers
-
Past earnings
Positive
The company has a strong recent record of beating earnings expectations over the last four quarters. This consistent performance offers some support, but may not be enough to counter the strong price momentum.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4.5%
- 75th percentile move
- 9.4%
- 90th percentile move
- 14.1%
- Up / down moves
- 7 / 12
- Average up move
- +9.3%
- Average down move
- -5.0%
Monitoring and close
What Micron Technology, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +15.7%
- Max favorable move (MFE)
- 1.8%
- Max adverse move (MAE)
- 19.7%