Micron (MU) shares closed at $1,053.98 on September 28 amid broader tech pressure, ahead of fiscal Q4 earnings due after the bell on September 30. Traders are focused on whether the memory chipmaker can extend its record run, with consensus estimates calling for roughly $50.9 billion in revenue and $31.45 adjusted EPS, driven by sustained AI demand for high-bandwidth memory and tight DRAM/NAND supply that has supported elevated pricing and margins near 85%. Recent analyst notes highlight potential 2027 supply constraints and HBM growth, while price targets average above $1,500. The post-earnings reaction and any updated guidance on the memory upcycle will likely set the tone for October price action, with options markets pricing in elevated volatility around the report.
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