Micron (MU) shares closed at $1,053.98 on September 28, 2026, after a 2.6% session decline amid broader semiconductor pressure, yet remain well above year-ago levels following explosive AI-driven growth. Traders are focused on the September 30 fiscal Q4 earnings release, where consensus anticipates roughly $51 billion in revenue and $31.62 adjusted EPS on continued DRAM and NAND price strength plus high-bandwidth memory supply constraints expected to persist into 2027. Recent analyst actions, including Baird raising its target to $1,520 and Wedbush maintaining $1,400, reflect upward revisions tied to record gross margins near 85% and long-term supply agreements. Key swing factors into late October include post-earnings guidance on fiscal 2027, memory pricing trends, and any macro or trade-related volatility affecting risk appetite in the sector.