memory & storage · Industry Index 24 (rank #13) ·
price: as of 2026-10-30 index: as of 2026-10-30 fundamentals: latest filing 2026-10-09 Reports quarterly (10-Q XBRL)
US memory maker (DRAM/NAND); second-source HBM supplier for AI accelerators.
Industry exposure 0.5 (HBM3E ramp and data-center DRAM are the growth engine; broad commodity exposure remains)
Delayed, end-of-day, aggregate per contract — not a live tape or trade-level flow. Buy/sell side is INFERRED from where each contract's last print sat in the bid/ask spread, not observed order flow. The company-wide side is withheld unless quoted contracts cover at least a quarter of the day's premium, so it can be blank while individual contracts below show a side. Call/put premium is measured across the chain we capture — the 6 nearest expiries within 45 days, not the full option chain — while the table below lists at most 20 flagged contracts, so summing those rows will not reproduce the percentage.
Why flagged:matches: Micron announces new Idaho transportation, ho…
| Date | Contract | Score | Side (inferred)? | OI Δ? | Volume | Vol/OI | Flags |
|---|---|---|---|---|---|---|---|
| 2026-10-30 | $905 CALL | 88 | mid-market · no side | +1 | 3,537 | 73.7× | |
| 2026-10-30 | $915 CALL | 84 | mid-market · no side | +1 | 4,241 | 49.9× | |
| 2026-10-30 | $865 PUT | 83 | buy-side | +260 | 4,445 | 11.9× | |
| 2026-10-30 | $860 PUT | 83 | sell-side | +133 | 4,748 | 15.2× | |
| 2026-10-30 | $910 CALL | 83 | sell-side | +2 | 906 | 34.9× | |
| 2026-10-30 | $850 PUT | 78 | sell-side | +270 | 5,782 | 8.8× | |
| 2026-10-30 | $840 PUT | 78 | — | +114 | 4,420 | 17.6× | |
| 2026-10-30 | $830 PUT | 78 | sell-side | +45 | 4,547 | 28.2× | |
| 2026-10-30 | $910 CALL | 76 | mid-market · no side | -18 | 5,090 | 28.1× | |
| 2026-10-30 | $800 PUT | 76 | buy-side | +98 | 3,941 | 8.6× | |
| 2026-10-30 | $920 CALL | 75 | mid-market · no side | +22 | 3,641 | 11.2× | |
| 2026-10-30 | $932.5 CALL | 74 | sell-side | +49 | 920 | 10.3× | |
| 2026-10-30 | $845 PUT | 74 | sell-side | +32 | 2,037 | 14.2× | |
| 2026-10-30 | $835 PUT | 73 | sell-side | +5 | 2,207 | 16.9× | |
| 2026-10-30 | $910 CALL | 72 | buy-side | -6 | 2,130 | 9.9× | |
| 2026-10-30 | $925 CALL | 72 | mid-market · no side | +37 | 2,533 | 14.4× |
4 smaller flags (under $100000 premium) hidden.
latest session: 1.3× its 13-day baseline
44% calls / 56% puts (by premium)
News set the tone, but the swarm won’t commit — a positive tilt with weak agreement, so the call is Neutral.
Most voters leaned one way; price momentum dissented. Directional agreement 0.27.
A mildly-negative score, but weak agreement — so the engine returns a no-conviction Neutral rather than overclaim. This is the system refusing to force a call it doesn’t have.
Micron is one of only three scaled DRAM suppliers (with Samsung and SK hynix) and a leading-edge NAND maker, defended by proprietary product and process technology and more than 60,000 granted patents. In FY2025 it shipped the industry's first 1-gamma (EUV) DRAM production node and sampled HBM4 36GB 12-high to multiple key customers for next-generation AI platforms, evidencing process-technology leadership in AI memory (FY2025 10-K).
Rating: narrow
Micron sits in a three-firm DRAM oligopoly (with Samsung and SK hynix), holds "over 60,000 patents" and leading-edge process technology (industry-first 1-gamma EUV DRAM node in FY2025), yet its FY2025 10-K concedes competitors "may use aggressive pricing" and "may have a larger market share," and consolidated gross margin swung from negative 9% (FY2023) to 40% (FY2025) — a real but commodity-cyclical, non-durable advantage.
Type: intangibles ip
The 10-K roots Micron's edge in proprietary technology and IP: "over 60,000 patents" granted as of Aug 28, 2025, "significant investments to develop proprietary product and process technology," the industry's first 1-gamma (EUV) DRAM node, ninth-generation G9 NAND, and HBM4 samples to key AI customers.
Leadership: co leader
A member of the three-supplier DRAM oligopoly and at the technology frontier (industry-first 1-gamma EUV node), but the smallest of the three by share — the 10-K acknowledges competitors "may have a larger market share" — and a later entrant scaling up in HBM behind SK hynix and Samsung.
Pricing power: weak
Memory is a commodity with cyclical ASPs: the 10-K flags "volatility in average selling prices" and competitors' "aggressive pricing" as key risks, and consolidated gross margin swung from -9% (FY2023) to 22% (FY2024) to 40% (FY2025), marking Micron largely as a cyclical price-taker; contract-based, supply-tight HBM is a partial exception.
Curated moat judgment grounded in the cited source. source: sec.gov
Layer: memory & storage
US-based supplier of the memory tier of the AI stack — DRAM, HBM and NAND; the 10-K notes cloud servers for AI and data-centric workloads "require significantly increasing quantities of DRAM, including HBM," and Micron sampled HBM4 to power next-generation AI platforms.
Derived from this company's mapped supply-chain edges and its industry layer.
The moat prior voted +0.05 on the long (~6-month) horizon at weight 0.20 — the swarm call there is bullish (score 0.47, conviction 39).
Editorial prior — subjective, not backtested. It is bounded (±0.6), low-confidence, and never votes on short/medium. See exactly how it voted →
Products & services with an editorial market-share band and technical barrier band — qualitative judgments tied to a cited basis, never invented figures.
| Product | Market share | Technical barrier |
|---|---|---|
| DRAM · Memory DDR5/DDR4, LPDDR, GDDR and server DRAM for data center, PC, mobile, graphics and automotive. | Top 3 One of only three scaled DRAM suppliers alongside Samsung and SK hynix, per Micron's FY2025 10-K competitor list; the filing concedes some competitors "may have a larger market share," consistent with Micron being the smallest of the three. | Deep Leading-edge DRAM requires multibillion-dollar fabs and proprietary process technology; in FY2025 Micron shipped "the industry's first 1-gamma (1-gamma) production node," its first DRAM node incorporating EUV lithography, per the 10-K. |
| High-Bandwidth Memory (HBM) · AI memory 3D-stacked DRAM with through-silicon-via connections for AI accelerators and high-performance computing. | Challenger One of only three HBM producers (with SK hynix and Samsung) but a later entrant still scaling; in FY2025 Micron "delivered samples of HBM4 36GB 12-high to multiple key customers to power next-generation AI platforms," per its 10-K. | Deep HBM uses 3D-stacked DRAM with through-silicon-via (TSV) connections and advanced packaging, limiting supply to a few technologically capable makers, per the 10-K's HBM description. |
| NAND flash storage · Storage TLC/QLC 3D NAND and SSDs for data center, client and mobile markets. | Challenger A smaller NAND player competing against larger rivals Samsung, Kioxia and Sandisk (plus SK hynix), per the 10-K competitor list; the filing notes competitors "may have a larger market share." | Deep Leading-edge 3D NAND is capital- and technology-intensive; in FY2025 the majority of Micron's NAND bit production was on its leading-edge G8 and G9 nodes (industry ninth-generation 3D NAND), per the 10-K. |
These charts plot Micron's reported income statement, cash flow, and balance sheet from its SEC filings through 2026-10-09. Every figure is as-filed XBRL — none of it is an estimate.
Over the reported window, net income at $85.0B in FY2026.
Analyst consensus — third-party estimates from Yahoo Finance, as of 2026-10-26. Not SEC filings and not a TradingPilot forecast. source: finance.yahoo.com
| Period | EPS (est.) | Revenue (est.) | YoY |
|---|---|---|---|
| Q/E Nov 2026 | USD 38.29 (USD 35.85–USD 40.47) · 30 | USD 61.7B (USD 58.1B–USD 65.6B) · 34 | +353% |
| FY 2027 | USD 176.58 (USD 161.00–USD 214.70) · 35 | USD 275.5B (USD 212.4B–USD 314.0B) · 41 | +107% |
Each figure shows the consensus mean, its (low–high) range where available, and · the number of analysts behind that estimate.
Next report ~2026-12-23.
Our model leans Bullish on the stock over the medium horizon — a market-direction call, not an earnings forecast. See the Signal tab.
Some recent figures are from Yahoo Finance where the latest SEC filing hasn’t posted yet — FX-converted to USD and reconciled against SEC-filed periods.
Comparing against peers…
| Institution | Shares | Value | Δ shares QoQ | % of 13F | % shares out |
|---|---|---|---|---|---|
| BlackRock Passive / index | 104,827,219 | $121.0B | 1,679,633 | 1.8% | 9.27% |
| State Street Passive / index | 50,075,870 | $57.8B | -2,163,613 | 1.7% | 4.43% |
| FMR (Fidelity) Passive / index | 26,718,869 | $30.8B | -5,335,696 | 1.3% | 2.36% |
| Coatue Management (Philippe Laffont) Guru | 3,142,269 | $3.6B | 2,976,338 | 7.5% | 0.28% |
| Appaloosa Management (David Tepper) Guru | 975,000 | $1.1B | -690,000 | 14.6% | 0.09% |
| Renaissance Technologies Guru | 211,580 | $244.2M | -1,951,406 | 0.3% | 0.02% |
| Bridgewater Associates (Ray Dalio (founder)) Guru | 116,666 | $134.7M | -1,359,038 | 0.6% | 0.01% |
TradingPilot-computed columns (% of 13F, % shares out) are derived from as-filed 13F values; only name, shares and value are as-filed.
GlobeNewswire · 2026-10-27 · partnership
Micron announced additional Idaho community commitments covering public transportation, housing and children’s savings. The commitments extend the community-investment framework associated with its Idaho expansion.
Rambus · 2026-10-13 · product
Rambus announced a power management IC (PMIC) designed for LPDDR6 SOCAMM2 memory modules aimed at accelerated AI infrastructure, and said it is currently sampling to lead customers. The release includes a supporting quote from Micron's vice president and general manager of Cloud Memory Products.
Applied Materials · 2026-10-12 · product
Applied Materials unveiled its Equipment and Process Innovation and Commercialization (EPIC) Center at its Sunnyvale, California, campus, a $5 billion capital investment in a 600,000-square-foot facility with nearly four acres of advanced cleanroom space. Founding partners TSMC, Intel, Samsung Electronics, Micron and SK hynix are joined by innovation partners including Broadcom, Advantest and KIOXIA.
The White House · 2026-10-08 · partnership
The White House announced $2.4B in super intelligence for science tools and compute credits for the Genesis Mission Consortium from eleven industry partners. Commitments include NVIDIA ($1B), AMD ($500M), OpenAI ($200M), $150M each from Anthropic and Google, and $50M each from AWS, Crusoe and Micron, among others.
Focus Taiwan (CNA) · 2026-10-07 · personnel
The union representing workers at Micron's Taoyuan operations said 1,994 members voted for strike action, 99 percent of those who voted, and that no strike date has been set, with a "surprise strike" among the options considered. The union is seeking a long-term system distributing 15 percent of Micron's operating profit to employees; Micron said it would continue communicating with the unions in good faith.
SEC EDGAR (8-K Exhibit 99.1) · 2026-10-06 · partnership
Netlist and Micron entered patent license and settlement agreements that resolve all pending legal proceedings. Micron receives a 5-year term license to Netlist's patent portfolio, including server DIMM and High Bandwidth Memory patents, and will pay Netlist $30 million per quarter through the third quarter of 2031, totaling $600 million.
GlobeNewswire · 2026-09-30 · earnings
Micron reported fiscal fourth-quarter revenue of $54.23 billion versus $41.46 billion in the prior quarter, with non-GAAP earnings of $33.42 per diluted share. It guided fiscal first-quarter 2027 revenue to $61.5 billion ± $1.5 billion and said its Strategic Customer Agreements provide added confidence in the durability of its financial performance.
Taiwan News · 2026-09-22 · personnel
Micron Taiwan's Taoyuan union plans a strike vote in early October after its second mediation round with the company ended Monday without agreement. The Taoyuan and Taichung unions want a permanent scheme putting 15% of operating profit into quarterly bonuses, while Micron representatives said in mediation that the company's bonus plan cannot be disclosed until it receives board approval in early October, according to union leaders and an internal memo.
Tom's Hardware · 2026-09-14 · personnel
Micron offered Taiwan employees a cash bonus as unions pressed profit-sharing demands and kept strike preparations active.
Reuters · 2026-09-11 · personnel
Micron will pay Taiwan employees rewards worth as much as 68 months of salary, Reuters reported. The payout size reflects the profitability of its DRAM and HBM operations in the current memory upcycle.
TrendForce · 2026-09-09 · product
Samsung and SK hynix have committed to introducing High-NA EUV lithography into DRAM production around 2028, while Micron has not disclosed a timeline. The commitments fix when the next wave of High-NA tool orders lands in the memory segment.
GlobeNewswire · 2026-08-26 · personnel
Micron issued a press release announcing leadership appointments, which it frames as intended to accelerate innovation and growth. The named roles and individuals are in the release body; no financial figures are stated.
GlobeNewswire · 2026-08-13 · product
Micron launched the Micron Ventures Paradigm Fund, a $250 million vehicle — its third and largest fund — to invest across the AI stack: model architectures, compute infrastructure, enterprise applications and physical AI. Total Micron Ventures capital commitment rises to $550 million.
Google News: Micron · 2026-07-15 · regulation
Micron has asked a court to dismiss a lawsuit challenging its large chip plant project in New York.
Bloomberg · 2026-07-04 · product
Micron broke ground on a $9 billion plant expansion in Japan to expand memory manufacturing capacity.
Yahoo Finance · 2026-07-01 · regulation
Micron, Samsung, and SK Hynix were accused in litigation of spiking memory chip prices by as much as 700% amid the AI boom.
Reuters · 2026-07-01 · partnership
Micron signed a semiconductor supply agreement with General Motors to provide memory chips for GM vehicles.
2026-10-29 Yahoo Finance: MU · BofA sees 80% upside for Seagate stock, but Micron shares look cheaper
2026-10-29 Yahoo Finance: NVDA · Here's Why Micron Is a Top AI Stock to Buy Right Now
2026-10-28 CNBC Top News · Fed chairman talks tough on inflation — plus, what's behind Micron's big rally
2026-10-28 Yahoo Finance: MU · Why Micron Stock Is Up Today
2026-10-28 Yahoo Finance: WDC · Prediction: Micron’s Next Earnings Cycle Could Reset Expectations for the Stock
2026-10-27 Yahoo Finance: MU · Micron, Musk, and Memory. A Big Prediction Is Lifting the Stock.
2026-10-27 GlobeNewswire Semiconductors · Micron Announces Over $67 Million in New Idaho Community Investments for Transportation, Housing and Children
2026-10-27 Yahoo Finance: MU · Micron Announces Over $67 Million in New Idaho Community Investments for Transportation, Housing and Children
2026-10-27 Yahoo Finance: MU · Micron’s Long-Term Returns Crushed the S&P 500. Does the Recent Drop Matter?
2026-10-27 Yahoo Finance: MU · Micron Technology Stock: Is Now the Time for Investors to Take Profits or Buy More?
2026-10-27 Yahoo Finance: 688825.SS · Micron Just Rejected a Technology Its Biggest Rivals Are Chasing. Here’s Why.
2026-10-27 Yahoo Finance: 8299.TWO · Phison Receives Micron Global Supplier Awards
2026-10-27 Yahoo Finance: MU · Bank Of America Reiterates Buy on Micron Stock As Memory Chip Supply Tightens
2026-10-27 Yahoo Finance: MU · Nutanix Receives Micron Global Supplier Award for IT & Professional Services
2026-10-27 Yahoo Finance: MU · Investors Heavily Search Micron Technology, Inc. (MU): Here is What You Need to Know
2026-10-27 Yahoo Finance: QCOM · Are You Overpaying For Micron Stock Versus Its Peers?
2026-10-26 Yahoo Finance: 688825.SS · Micron Stock Finds Its Footing as It Pushes Back on Chinese Memory Threat
2026-10-22 MarketWatch Top Stories · 3 big reasons Micron and other chip stocks fell hard on Thursday
2026-10-21 MarketWatch Top Stories · Time for a Micron mindset shift? Here’s how to navigate the new AI landscape.
2026-10-20 GlobeNewswire Semiconductors · Micron Invests in New York Critical Minerals Processing With Indium Corporation
Impact = company-prominence tier (High/Medium auto-assigned by graph centrality/size; Low only on curated minor events), not a magnitude forecast.
| Date | Type | Event | Impact |
|---|---|---|---|
| 2026-12-23 | earnings | Micron earnings (estimated) — Date not yet announced — consensus estimate. estimated | High |
| Date | Event | Impact | Outcome |
|---|---|---|---|
| 2026-09-30 | Micron earnings confirmed | High | EPS beat · +3.0% |
| 2026-06-24 | Micron earnings confirmed | High | EPS beat · +15.7% |
