Micron Rides Market Rally on Bullish Earnings Outlook

Micron Technology outpaced the broader market rally as investors await its September 30, 2026 earnings release. Zacks Investment Research projects MU to report an EPS of about $31.45 on roughly $50.86 billion in quarterly revenue, with full-year EPS around $73.9 on revenue near $129.7 billion. MU is currently a Zacks Rank #3 (Hold), and the stock trades with a forward P/E of about 6.41 and a PEG of 0.64, suggesting a valuation gap relative to the industry. Recent estimate revisions and the market’s focus on the upcoming results could imply near-term upside pending the earnings details.