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MU
MICRON TECHNOLOGY INC
Information Technology · Semiconductors
$444.60
-3.71%
Vol: 0.2M
Araverus Market Read
Thursday, March 19, 2026
Record Q2 earnings and AI-driven triple-digit growth weigh against spending concerns and geopolitical risks in pre-market sell-off
Micron declined $0.68 (-4.3%) in pre-market to $464.85 and fell $2.71 after-hours to $449.21 despite record fiscal Q2 2026 revenue with $33.5B Q3 guidance and $19.15 non-GAAP EPS. Triple-digit AI business growth and earnings beats could not offset investor concerns about high capex plans and Qatar Energy Supplies geopolitical tensions. Bernstein upgraded price target to $510 (+55% from $330), but near-term execution risk and geopolitical headwinds drive current weakness.
Price 50d 200d
Previous Market Reads
2 of 2 daysSector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NVDANVIDIA | $178.50 | -1.18% | -3.5% | 16.1x | 2.38 | $4.34T |
| AAPLAPPLE | $248.91 | -0.51% | -5.7% | 26.7x | 1.12 | $3.66T |
| MSFTMICROSOFT | $389.28 | -0.64% | -1.8% | 20.6x | 1.11 | $2.89T |
| AVGOBROADCOM | $319.77 | +1.12% | -3.8% | 18.1x | 1.26 | $1.52T |
| MUMICRON | $444.60 | -3.71% | +11.1% | 4.7x | 1.54 | $500.0B |
| ORCLORACLE | $155.66 | +1.81% | +1.0% | 19.5x | 1.65 | $447.3B |
| PLTRPALANTIR | $155.70 | +1.88% | +17.0% | 83.4x | 1.74 | $372.3B |
| AMDADVANCED | $205.36 | +2.96% | +1.1% | 19.1x | 2.02 | $334.7B |
| CSCOCISCO | $78.50 | +1.06% | +2.2% | 17.4x | 0.83 | $310.2B |
Fundamentals
Market Cap$500.0B
P/E (TTM)42.2
Forward P/E4.7
Beta1.54
Div Yield10.00%
Prev Close$461.73
RSI (14-Day)
57Neutral
0305070100
52-Week Range
$61.54$444.60$471.34
From High-5.7%
From Low+622.5%
Moving Averages
50d SMA
$398.93+11.4%
200d SMA
$230.01+93.3%
Price above both MAs — bullish structure.
Returns
1W
+9.7%
1M
+5.6%
3M
+91.3%
6M
+178.2%
1Y
+338.5%
YTD
+41.0%
Volume
Today246K
20d Avg36.6M
Ratio0.01x