Morgan Stanley reiterates Overweight on Micron Technology stock

Published on 10/06/2026 at 10:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron posted USD 54.23 billion in fiscal Q4 revenue, up 379 percent. Micron Technology stock costs EUR 939.90 on October 6, 2026, below EUR 947.55.

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Micron Technology (ISIN US5951121038) was trading at EUR 939.90 at Lang & Schwarz on October 6, 2026 at 10:46 a.m. CEST. On October 1, 2026, Morgan Stanley reiterated its Overweight rating and USD 1,200 price target, according to Investing.com.

Record quarter resets expectations

Micron reported fiscal fourth-quarter 2026 revenue of USD 54.23 billion, up 379 percent from USD 11.32 billion in fiscal fourth-quarter 2025. GAAP net income reached USD 37.70 billion, compared with USD 3.20 billion in the year-earlier quarter, according to Micron Technology.

The annual comparison is equally stark. Fiscal 2026 revenue reached USD 133.19 billion, versus USD 37.38 billion in fiscal 2025, while non-GAAP diluted earnings per share rose to USD 75.52 from USD 8.29, the company said in its September 30, 2026 release.

Guidance points to another step up

Micron's fiscal first-quarter 2027 outlook calls for revenue of USD 61.5 billion plus or minus USD 1.5 billion and non-GAAP diluted earnings per share of USD 38.15 plus or minus USD 1.00. The company also forecast a non-GAAP gross margin of 86.25 percent, according to the September 30, 2026 release.

The guidance gives the market a concrete benchmark after the latest quarter exceeded expectations. Yahoo Finance reported on October 5, 2026 that Morgan Stanley lifted its fiscal 2027 revenue forecast to USD 281.00 billion from USD 266.90 billion while keeping the USD 1,200 target.

Capital intensity meets demand

Micron generated USD 43.97 billion in operating cash flow during fiscal fourth-quarter 2026 and USD 89.68 billion during fiscal 2026. The company invested USD 27.37 billion in net capital expenditures during fiscal 2026, showing how aggressively it is expanding capacity for memory demand tied to artificial intelligence and data centers.

The next scheduled reporting date is December 16, 2026, according to Zacks. The company also declared a quarterly dividend of USD 0.15 per share on September 30, 2026, payable October 29, 2026.

Micron stock stays below its prior close

Micron Technology stock was trading at EUR 939.90 at Lang & Schwarz on October 6, 2026 at 10:46 a.m. CEST, down 0.81 percent versus the Lang & Schwarz prior close of EUR 947.55 on October 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of Micron Technology stock.