Micron (MU) Stock Falls as Investors Weigh Record Margins Before September 30 Earnings

TLDR

• Micron closed at $1,000.26, down 1.61%, underperforming the S&P 500’s 0.58% drop
• The stock is up 18.07% over the past month, well ahead of the broader tech sector
• Q3 fiscal 2026 revenue hit a record $41.5 billion, with net income of $28.2 billion
• Gross margins reached 84.6% and are expected to climb to around 86% next quarter
• Earnings are due September 30, with EPS forecast at $31.39, up 936% year over year

Micron stock slipped 1.61% on Tuesday, closing at $1,000.26. That undercut the S&P 500, which fell 0.58%, and the Dow, which dropped 1.18%.

Micron Technology, Inc., MU

Despite the daily pullback, MU has climbed 18.07% over the past month, well outpacing the tech sector’s 0.12% gain and the S&P 500’s 0.36% loss over the same period.

The stock currently sits about 20% below its 12-month high of $1,255.00, even after a run of more than 700% over the past year.

Record Numbers Heading Into Earnings

Micron reports earnings on September 30, 2026. Wall Street is expecting EPS of $31.39, a 936% jump from the same quarter last year. Revenue is forecast at $50.76 billion, up 349% year over year.

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