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Micron Earnings Set for Wednesday After CHIPS Buyback Ban

By Drooid · Sep 30, 2026, 2:13 PM UTC · How we work

Summary

Micron Q4 Earnings

Micron Technology will release its fourth-quarter earnings on Wednesday.
Analysts forecast Q4 revenue of $50.75 billion and EPS of $31.45, versus $11.31 billion and $3.03 last year.
Micron shares have risen 261% year-to-date and over 560% in 12 months, pushing market value above $1 trillion.
Options traders price a 7% move, with 61,000 calls versus 37,000 puts and a $1.6 billion premium.

Summary

Micron Barred Buybacks

The CHIPS Act bars Micron Technology from share buybacks until Dec. 9.
Micron signed 16 multi-year Strategic Customer Agreements, 14 guaranteeing at least $100 billion revenue.
CEO Sanjay Mehrotra expects over half of future revenue from take-or-pay contracts with floor prices.
JPMorgan maintains an Overweight rating on Micron with a $1,540 price target.
The Roundhill Memory ETF allocates 23.83 % to Micron, near SK Hynix’s 24.22 % stake.

History

Historical Context

Intel’s first Oregon fab opened in 1976, later expanded into the state’s Silicon Forest and helped lift Oregon’s tech output by about 30% in the 1990s. Building on that legacy, the company announced a $20 billion Ohio plant in 2022 expected to create 10,000 jobs, while its 2021 IDM 2.0 plan adds a foundry service. These moves echo the 1990s surge that reshaped U.S. semiconductor capacity.

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Micron Q4 Earnings

Micron Technology will release its fourth-quarter earnings on Wednesday.
Analysts forecast Q4 revenue of $50.75 billion and EPS of $31.45, versus $11.31 billion and $3.03 last year.
Micron shares have risen 261% year-to-date and over 560% in 12 months, pushing market value above $1 trillion.
Options traders price a 7% move, with 61,000 calls versus 37,000 puts and a $1.6 billion premium.

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