Micron also forecast fiscal fourth-quarter adjusted EPS of about $31, with roughly $50 billion in revenue, and highlighted multi-year customer agreements designed to make revenue and earnings more predictable.Meanwhile, S&P 500 futures were down 0.8% in premarket trading, adding to the cautious tone and weighing on mega-cap tech and semiconductor stocks.Technical AnalysisEarnings & Analyst OutlookLooking further out, the next major catalyst for the stock arrives with the September 3, 2026 (estimated) earnings report.
EPS Estimate: $3.16 (Up from $1.69 YoY)
Revenue Estimate: $29.43 Billion (Up from $15.95 Billion YoY)
Valuation: P/E of 63.0x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $513.68. Recent analyst moves include:
