- Micron stock closed at $1,029 on October 9, 2026, with GuruFocus estimating a fair value of $768.96 — a 33.8% overvaluation gap.
- The company’s fiscal 2026 revenue hit $133.2 billion, driven by AI data center demand for high-bandwidth memory, and management guided Q1 2027 revenue around $61.5 billion.
- Despite a trailing P/E of 13.84 and EPS of $74.33, the GF Score valuation component sits at just 5/10, while Wall Street’s one-year price target of $1,555.13 suggests 51% upside.
Micron stock sits about 33.8% above its fair value estimate, according to GuruFocus data released after the company’s 10-K filing on October 9, 2026. The gap comes from a GF Value of $768.96 against a $1,029 closing price, while the average one-year price target stands at $1,555.13.
The 10-K filing covers the fiscal year ended September 3, 2026, showing revenue of $133.2 billion, up from $37.4 billion a year earlier. Operating income jumped to $99.3 billion from $9.8 billion, and gross margin reached $107.5 billion.
AI data center demand did most of the heavy lifting, with Micron ramping high-bandwidth memory for AI chips and launching its 1-gamma DRAM node. Chairman and CEO Sanjay Mehrotra stated: “Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027.”
Micron holds a GF Score of 93/100, but the valuation component scores only 5/10, explaining the gap. The stock is up 260.53% year to date and 435.02% over the past year, yet trades at a trailing P/E of 13.84.
Wall Street reads the numbers differently, with the $1,555.13 price target pointing to about 51% upside. The near-term forecast also looks strong: Micron guided fiscal Q1 2027 revenue to $61.5 billion and said it has already signed deals for most of its 2027 HBM supply.
CFO Mark Murphy noted: “Our inventory levels and supply remain extremely tight and we expect DIO to decline in the coming quarters.” However, risks include cyclical memory chip demand and China’s ban on Micron products for critical infrastructure operators since May 2023.
Insiders sold $373.9 million in shares over the past 12 months and bought only $7.8 million. The next real test for the valuation gap will come with earnings, estimated for December 23, 2026.
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