#USEarningsSeason
MU Tests $884 After Pullback From $990 High — HBM Boom Remains the Core Story

Latest trading data:
Price: 884.89; high: 906.40; low: 861.65; open: 883.99; prior close: 934.26; loss: -49.37 (-5.28%). After-hours price: 889.15, up 4.26 (+0.48%). Market cap: ∼999.38B; P/E TTM: 11.902. Trading range: 4.78%.

Chart overview:
MA5: 876.00; MA10: 895.47; MA30: 928.89. The price is below MA10 and MA30, with MA5 as the first support level. Recent low: 849.26; recent high: 990.00. MACD: -8.78; DIF: -14.42; DEA: -5.64. Red bars are widening, signaling weakening momentum.

Support and resistance:
The main support zone is 861.65–849.26. A break below 849 could open the way to 820–800.
The first resistance is 895.47 (MA10), followed by strong resistance at 928.89 (MA30) and an overhead barrier at 990.00. A bullish move requires a close above 895.47 on strong volume.

What the company does — and its goal:
Micron aims to supply DRAM and NAND for the AI era. Its core products are HBM3E and next-generation HBM4 for AI systems, high-capacity DRAM for data centers, and NAND for cloud applications. The company is exiting its consumer-facing Crucial brand and fully shifting toward AI memory production.

Verified current status:
Q4 FY26 revenue was $54.23B, up 379% year over year, with EPS of $32.87. Full-year total was ∼$84.97B net, with EPS of $74.21. Gross margin was 56.8%, and net margin was 63.8%. HBM output is fully booked through 2026, with 2027 supply deals locked in at higher prices. 75% of capacity is booked through the end of 2027, and 35% through 2030. The next earnings release is due Dec 23 2026, with estimated EPS of ∼38.20. The current price is 884.74, compared with a 52-week low of 192.59 and a high of 1255; YTD performance is +209%.

What attracts holders most:
1 - HBM demand: AI systems need massive bandwidth. Micron has a 21% share, with HBM4 pin speeds exceeding 11 Gbps.
2 - Capacity booked: No spot-market concerns, prices locked in, cash flow of $3.9B, and HBM capex $20B .
3 - Margin upside: DRAM revenue was $39.8B in Q4, up 343% year over year. High margins could hold if HBM prices rise.
4 - Risk: The stock pulled back -5.28% on Oct 30 amid a chip sell-off. Even strong results could be followed by a dip if guidance is soft.

Watch zone:
Holding above 876-861 could set up a bounce to 895-928. A drop below 849 would raise the risk of further losses. A bullish setup requires reclaiming MA10; downside risk is high below MA5.

Bottom line: The short-term dip is part of a broader tech sell-off, while the long-term theme is AI memory. MU is a key HBM player, with capacity booked through 2027, so holders will be watching the Dec 23 results and the HBM4 ramp.

This text is for informational purposes only and is not a buy or sell recommendation.

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