Micron Stock Tops $1,000 on Memory Price Surge

Micron Technology shares closed at $1,043.49 on September 21, 2026, marking a 2.73% daily gain that pushed the stock back above the $1,000 threshold. The chipmaker outperformed major indices, with the S&P 500 rising 1.49%, the Nasdaq gaining 2.26%, and the Dow Jones Industrial Average adding 0.71% over the same period.

This rally extends Micron’s monthly gains to 5.07%, significantly outpacing the 2.97% rise in the Computer and Technology sector and the 0.1% increase in the S&P 500. The upward momentum builds ahead of the company’s fourth-quarter financial results, scheduled for release on September 30, 2026.

Consensus estimates show massive growth

Zacks consensus estimates project quarterly earnings per share of $31.45, a 937.95% increase compared to the same period last year. Quarterly revenue is expected to reach $50.86 billion, reflecting a 349.48% year-over-year surge driven by strong demand for memory components.

For the full fiscal year, analysts forecast Micron to generate earnings of $73.90 per share on revenue of $129.7 billion. These figures represent year-over-year growth of 791.44% and 247.01%, respectively, reflecting recent upward revisions based on short-term business operations.

Valuation remains below industry peers

Despite the recent price appreciation, Micron trades at a Forward P/E ratio of 6.41, well below the Computer and Technology industry average of 21.21. The stock’s PEG ratio stands at 0.64, aligning with the broader Computer-Integrated Systems industry average as market activity closed.

Market context for the rally

The stock’s performance highlights a sector-specific trend where memory chipmakers are benefiting from tightening supply and rising prices. As reported by SuaraGarut.ID, this divergence from broader market moves underscores the specific operational drivers affecting Micron’s bottom line ahead of its earnings announcement.