--- title: "Micron Stock Eyes a Big Move as Closely Watched Q4 Earnings Report Nears" type: "News" locale: "en" url: "https://longbridge.com/en/news/299565281.md" description: "Micron Technology (NASDAQ:MU) stock is poised for a potential bullish breakout ahead of its Q4 earnings report, expected later this month. Trading sideways since July at $1,015, the company benefits from the AI boom, with analysts forecasting Q4 revenue of $50.9 billion, up 350% year-over-year. Technical indicators, including an ascending triangle pattern and support above the 50-day EMA, suggest strong upward momentum. If earnings exceed expectations, shares could target $1,255-$1,295, aligning with analyst consensus despite concerns about potential AI sector slowdowns." datetime: "2026-09-20T17:45:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299565281.md) - [en](https://longbridge.com/en/news/299565281.md) - [zh-HK](https://longbridge.com/zh-HK/news/299565281.md) generator: "portal-rs" --- # Micron Stock Eyes a Big Move as Closely Watched Q4 Earnings Report Nears **Micron Technology** (NASDAQ:MU) stock has traded sideways since July, in line with other leading memory chipmakers. Shares currently trade at $1,015, up 212% year to date. This consolidation could end soon, as the company is set to report its financial results later this month. ## Micron Technology Earnings to Publish Strong Earnings MU stock has held steady in the past few months in line with other memory companies like SK Hynix, Samsung Electronics, **SanDisk** (NASDAQ:SNDK), and **Western Digital** (NASDAQ:WDC). The company is expected to publish strong financial results next week since it has become a top beneficiary of the AI boom. Recent results by its biggest clients like **Nvidia** (NASDAQ:NVDA), AMD, Microsoft, and Amazon, have all published strong numbers and hinted of more spending.  The average estimate among Wall Street analysts is that Micron’s fourth-quarter revenue will come in at $50.9 billion, up by 350% from a year earlier. If this is correct, it will bring its full-year figure to $129 billion, up by 247% YoY. Historically, Micron has a strong record of beating estimates, meaning that its real numbers will be much better. **Read Also: Broadcom Stock Remains in Bear Territory as Analysts Signal a Floor** Analysts expect Micron’s revenue to jump to $245 billion in the next financial year. Earnings per share are forecast to reach $73, followed by $156.50 the year after. The stock could extend its gains if earnings and guidance come in well above expectations. These numbers come at a time when the company is still a bargain. The company has a forward price-to-earnings ratio of 13.8, much lower than the technology sector median of 22.80. The multiple is also much lower than the five-year average of 74.  The challenge, however, there is a fear that the AI sector will start slowing down as safety concerns remain. Some of the top executives in the industry, including those from Anthropic and OpenAI have called for a slowdown.  ## Micron Stock Has Formed an Ascending Triangle Pattern ![micron stock](https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/20120637/Micron-Stoc-1024x567.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) *MU stock chart | Source: TradingView* Technicals suggest that MU stock may be on the cusp of a strong bullish breakout. It has formed an ascending triangle pattern, which is made up of an ascending trendline and a horizontal resistance. This pattern often results into a strong bullish breakout.  Micron remains above the 50-day Exponential Moving Average (EMA) and the Supertrend indicator. These technicals suggest that the stock may have a strong bullish breakout in the near term, possibly after earnings.  If this happens, the next level to watch will be at $1,255, its highest point in June. This view aligns with what analysts expect, with the consensus among analysts being $1,295. Top analysts from companies like RBC, TD Cowen, and New Street Research expect it to continue rising.  **Read Also: OpenAI Cash Burn to Hit $280 Billion by 2030 as Anthropic Profit Surges** *Image: Shutterstock* ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [RY.US](https://longbridge.com/en/quote/RY.US.md) - [TD.US](https://longbridge.com/en/quote/TD.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) - [WDCVV.US](https://longbridge.com/en/quote/WDCVV.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Micron Stock's (MU) AI Lead Is Expanding beyond HBM. I'm Bullish](https://longbridge.com/en/news/299626350.md) - ['Not the Same,' Says Investor About Micron Stock Ahead of Earnings](https://longbridge.com/en/news/299197500.md) - [Key facts: Micron (MU) Q2 NAND Revenue +99.2%; Union Mediation Oct 22](https://longbridge.com/en/news/299604704.md) - [Key facts: Micron (MU) Q4 revenue ~ $50B; $10B Idaho lab; Sanand scale](https://longbridge.com/en/news/299281629.md) - [Micron Technology Is Ramping Up Production of High-Bandwidth Memory. Here's Why That Could Send the Stock to New Heights This Year](https://longbridge.com/en/news/298934681.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**