:max_bytes(150000):strip_icc()/GettyImages-2244770556-1e22be769b0b4506afcd4107e3a8320a.jpg "Here’s How Much Traders Expect Micron Stock to Move After Earnings Wednesday")
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Key Takeaways
- Micron Technology’s fiscal first-quarter results are due for release after the market closes Wednesday, with analysts expecting growing sales and profits.
- Options pricing suggests traders expect Micron’s stock could move up to 9% in either direction by the end of the week.
Micron Technology is set to report earnings after the market closes Wednesday, with traders expecting a big move in the memory chip maker’s stock.
Options pricing suggests traders expect Micron (MU) shares could swing up to 9% in either direction by the end of the week. At the high end, a move of that size from Monday’s close at $237.50 would push the stock above $258, near its all-time high reached last week. At the low end, however, the stock could slip to roughly $217, where it was late last month.
Micron, which makes memory components for leading AI chipmakers such as Nvidia (NVDA) and Advanced Micro Devices (AMD), has seen its sales surge to new highs this year on strong demand for its memory chips. Its stock has nearly tripled in value in 2025, making it one of the best-performing stocks in the S&P 500 for the year so far.
Why This Matters for Investors
Micron, as a memory supplier for some of the biggest AI chipmakers, is seen as a leading “pick-and-shovel” play for the AI trade. A strong earnings print this week and market reaction to the results would underscore its status as one of the year’s biggest winners of the AI boom.
Wall Street analysts expect Micron to report a 48% year-over-year jump in revenue to a record $12.93 billion, while adjusted earnings per share are projected to more than double to $3.96 for the first quarter of fiscal 2026, according to estimates compiled by Visible Alpha.
Ahead of the company’s report, several analysts offered bullish commentary and lifted their price targets for the stock, expecting growing AI demand, a tightening memory market, and stronger pricing to support higher profits for Micron. Earlier this month, Micron said it plans to exit the consumer memory products market after February 2026 in order to concentrate on more profitable AI-focused products.
Among the 11 analysts with current ratings tracked by Visible Alpha, nine call the stock a “buy,” compared to two “hold” ratings. Their mean target near $249 would suggest about 5% upside from Monday’s close.
