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Chicago, IL – September 30, 2026 – Today, Zacks Investment Ideas feature highlights Micron Technology (MU - Free Report) .
Micron Earnings: Watch These Key Metrics
Memory giant Micron Technology is set to report its quarterly results after the market’s close this Wednesday, September 30th. The release will undoubtedly draw heavy attention given the massive momentum around the company, with Micron reflecting one of the strongest plays on the AI frenzy in 2026.
Micron’s previous quarter brought record results again, and the company also provided a highly bullish growth outlook for the upcoming release. Given the importance of the print, let’s take a look at a few key metrics to keep an eye out for.
DRAM Expectations
As expected, Micron's DRAM results will be a major focus, with demand for high-bandwidth memory remaining red-hot from the ongoing AI infrastructure buildout. Our consensus estimate for DRAM sales stands at $38.3 billion, suggesting roughly a triple-digit 330% YoY growth rate from the same period last year.
The company has regularly crushed our consensus DRAM estimates in recent periods, stringing together five consecutive beats.
The favorable pricing environment will also be key to watch, with improved supply-demand dynamics across the memory landscape providing a big boost to Micron’s results. The strength has flowed directly into profitability, with management guiding for a roughly 86% gross margin in the upcoming release.
NAND Expectations
NAND results are similarly worth investors’ attention because they reveal demand for enterprise storage and serve as a secondary engine for Micron's overall growth amid the favorable environment. The current Zacks Consensus estimate calls for $12.3 billion in sales, good enough for roughly 435% YoY growth.
Headline Expectations
The overall growth picture remains red-hot, with the current Zacks Consensus sales estimate sitting at $50.9 billion, reflecting roughly 350% YoY growth. Adjusted earnings are expected to come in at $31.45 per share, soaring from the $3.03 per share reported in the year-ago period.
Micron has consistently been a stellar earnings performer thanks to the demand backdrop, exceeding the Zacks Consensus EPS estimate by an average of roughly 21% across its last four releases. Both EPS and sales expectations for the upcoming release have trended modestly higher over recent months.
Bottom Line
Micron’s upcoming release will be closely watched given the massive growth the company has enjoyed alongside the AI infrastructure boom. DRAM results will undoubtedly take center stage, though NAND growth, memory pricing, and the company’s outlook will also be key areas to watch. With Micron coming off record results and expectations calling for another quarter of explosive growth, the release should provide an important look into whether its AI-driven momentum can remain red-hot.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Micron Technology
For Immediate Release
Chicago, IL – September 30, 2026 – Today, Zacks Investment Ideas feature highlights Micron Technology (MU - Free Report) .
Micron Earnings: Watch These Key Metrics
Memory giant Micron Technology is set to report its quarterly results after the market’s close this Wednesday, September 30th. The release will undoubtedly draw heavy attention given the massive momentum around the company, with Micron reflecting one of the strongest plays on the AI frenzy in 2026.
Micron’s previous quarter brought record results again, and the company also provided a highly bullish growth outlook for the upcoming release. Given the importance of the print, let’s take a look at a few key metrics to keep an eye out for.
DRAM Expectations
As expected, Micron's DRAM results will be a major focus, with demand for high-bandwidth memory remaining red-hot from the ongoing AI infrastructure buildout. Our consensus estimate for DRAM sales stands at $38.3 billion, suggesting roughly a triple-digit 330% YoY growth rate from the same period last year.
The company has regularly crushed our consensus DRAM estimates in recent periods, stringing together five consecutive beats.
The favorable pricing environment will also be key to watch, with improved supply-demand dynamics across the memory landscape providing a big boost to Micron’s results. The strength has flowed directly into profitability, with management guiding for a roughly 86% gross margin in the upcoming release.
NAND Expectations
NAND results are similarly worth investors’ attention because they reveal demand for enterprise storage and serve as a secondary engine for Micron's overall growth amid the favorable environment. The current Zacks Consensus estimate calls for $12.3 billion in sales, good enough for roughly 435% YoY growth.
Headline Expectations
The overall growth picture remains red-hot, with the current Zacks Consensus sales estimate sitting at $50.9 billion, reflecting roughly 350% YoY growth. Adjusted earnings are expected to come in at $31.45 per share, soaring from the $3.03 per share reported in the year-ago period.
Micron has consistently been a stellar earnings performer thanks to the demand backdrop, exceeding the Zacks Consensus EPS estimate by an average of roughly 21% across its last four releases. Both EPS and sales expectations for the upcoming release have trended modestly higher over recent months.
Bottom Line
Micron’s upcoming release will be closely watched given the massive growth the company has enjoyed alongside the AI infrastructure boom. DRAM results will undoubtedly take center stage, though NAND growth, memory pricing, and the company’s outlook will also be key areas to watch. With Micron coming off record results and expectations calling for another quarter of explosive growth, the release should provide an important look into whether its AI-driven momentum can remain red-hot.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.