Micron Technology shares have pulled back roughly 25% from June highs near $1,213 amid broader market rotation, trading around $880–$915 as of late October 2026. Record fiscal 2026 results—$133.19 billion revenue and $84.97 billion net income—were driven by surging high-bandwidth memory and DRAM demand from AI data centers, with Q4 alone posting $54.23 billion revenue and 87% gross margins. Management guided Q1 FY2027 revenue to $61.5 billion plus or minus $1.5 billion alongside sustained 86% margins, citing multi-year supply constraints extending through 2028 and $22–35 billion in strategic customer agreements. Analysts maintain a consensus “Buy” rating with average 12-month targets near $1,500, while a $35 billion share repurchase program begins in December. Next earnings are scheduled for December 23.