Micron stock climbs as AI memory demand keeps prices high

Micron Technology (US5951121038) climbed to $949.83 on August 13, 2026, after a 4.23% session gain, while one widely tracked market page put its market cap at $1.07 trillion and its 52-week range at $113.46 to $1,255.00.

The stock move sits on top of a much stronger operating base: a recent earnings page showed revenue of $41.46 billion for the latest quarter, up 345.8% from the prior-year quarter, with EPS of $25.11 versus $1.91 a year earlier.

AI memory still drives the story

The same quarterly update pointed to Q3 2026 non-GAAP gross margin of 84.9%, while Q4 FY26 guidance called for revenue of $50 billion and non-GAAP EPS of $31. Those figures frame Micron as a margin-led AI memory story, not a simple commodity cycle.

A separate market summary listed consensus EPS estimates for the current year at $73.39 and a current-year revenue estimate of $129.74 billion, which shows how much the Street has already reset its expectations after the latest quarter.

Valuation and expectations

Another market snapshot showed Micron at a trailing P/E of 21.50, a forward P/E of 13.02, and a consensus price target of $1,260.31. Against a closing price of $949.83 on August 13, 2026, that gap still leaves room for the market to argue about how much of the AI boom is already priced in.

Trading volume reached 36.41 million shares in the latest session, versus an average of 44.25 million, while the stock traded in a daily range of $906.50 to $978.00. That combination points to a large-cap name that is still volatile enough to react quickly to any change in memory pricing or guidance.

What Micron sells

Micron's product line centers on DRAM, NAND flash, SSDs, memory modules, and embedded memory for data centers, mobile devices, automotive systems, and consumer electronics. That mix is why HBM demand and pricing have become the main lens for investors watching the stock.

Micron stock ended the latest session at $949.83, with the most recent quote and related market data tied to August 13, 2026. The combination of a $1.07 trillion market value, a 4.23% daily gain, and a $50 billion revenue guide keeps the valuation debate active.

Company details

Company: Micron Technology, Inc.
ISIN: US5951121038
Ticker: MU
Exchange: NASDAQ
Price (as of August 13, 2026, 4:00 p.m. ET): $949.83 USD
Market cap: $1.07 trillion (as of August 14, 2026)
Sector / Industry: Technology / Semiconductors and Semiconductor Equipment
Index membership: Nasdaq-100
Next earnings date: September 22, 2026