memory & storage · 产业指数 24 (排名 #13) ·
价格: 截至 2026-10-30 指数: 截至 2026-10-30 基本面: 最新申报文件 2026-10-09 按季披露（10-Q XBRL）
美国存储器厂商（DRAM/NAND）；AI 加速器的 HBM 第二供应源。
产业敞口 0.5 (HBM3E 放量与数据中心 DRAM 是增长引擎；广泛的大宗存储器敞口仍在)
延迟的日终逐合约汇总数据——不是实时盘口，也不是逐笔资金流。买卖方向是根据每个合约最后一笔成交在买卖价差中的位置推断出来的，并非观测到的委托流。除非有报价的合约占当日权利金的四分之一以上，否则公司层面的方向会被隐去，因此下方个别合约有方向时这里也可能为空。看跌/看涨权利金是在我们采集的合约范围内计算的——最近的 6 个到期日、45 天以内，并非完整期权链——而下表最多列出 20 个被标记的合约，所以把这些行加总不会还原出上面的百分比。
标记原因：matches: Micron announces new Idaho transportation, ho…
| 日期 | 合约 | 异常分 | 买卖方向（推断）? | 持仓量变动? | 成交量 | 成交量/持仓量 | 标记 |
|---|---|---|---|---|---|---|---|
| 2026-10-30 | $905 CALL | 88 | 价差中段 · 无法判定方向 | +1 | 3,537 | 73.7× | |
| 2026-10-30 | $915 CALL | 84 | 价差中段 · 无法判定方向 | +1 | 4,241 | 49.9× | |
| 2026-10-30 | $865 PUT | 83 | 买方主动 | +260 | 4,445 | 11.9× | |
| 2026-10-30 | $860 PUT | 83 | 卖方主动 | +133 | 4,748 | 15.2× | |
| 2026-10-30 | $910 CALL | 83 | 卖方主动 | +2 | 906 | 34.9× | |
| 2026-10-30 | $850 PUT | 78 | 卖方主动 | +270 | 5,782 | 8.8× | |
| 2026-10-30 | $840 PUT | 78 | — | +114 | 4,420 | 17.6× | |
| 2026-10-30 | $830 PUT | 78 | 卖方主动 | +45 | 4,547 | 28.2× | |
| 2026-10-30 | $910 CALL | 76 | 价差中段 · 无法判定方向 | -18 | 5,090 | 28.1× | |
| 2026-10-30 | $800 PUT | 76 | 买方主动 | +98 | 3,941 | 8.6× | |
| 2026-10-30 | $920 CALL | 75 | 价差中段 · 无法判定方向 | +22 | 3,641 | 11.2× | |
| 2026-10-30 | $932.5 CALL | 74 | 卖方主动 | +49 | 920 | 10.3× | |
| 2026-10-30 | $845 PUT | 74 | 卖方主动 | +32 | 2,037 | 14.2× | |
| 2026-10-30 | $835 PUT | 73 | 卖方主动 | +5 | 2,207 | 16.9× | |
| 2026-10-30 | $910 CALL | 72 | 买方主动 | -6 | 2,130 | 9.9× | |
| 2026-10-30 | $925 CALL | 72 | 价差中段 · 无法判定方向 | +37 | 2,533 | 14.4× |
4 smaller flags (under $100000 premium) hidden.
最近交易日：为 13 日基准的 1.3 倍
看涨 44% / 看跌 56%（按权利金）
新闻 定下了基调，但群体不愿下结论——正向倾斜叠加薄弱的一致度，因此结论为中性。
多数投票者倾向一致；价格动量 投了反对票。方向一致度 0.27。
分数略偏负，但一致度薄弱——因此引擎给出无置信度的中性，而不是过度断言。这是系统拒绝硬凑一个它并不具备的结论。
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).
评级: 窄
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.
类型: 无形资产与知识产权
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.
领先地位: 并列领先者
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.
定价权: 弱
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.
基于所引来源做出的人工整理护城河判断。 来源：sec.gov
层级: 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.
由这家公司已映射的供应链关系及其所属产业层级推导而来。
护城河先验在长周期（约 6 个月）上投出 +0.05 票，权重为 0.20——该周期上的群体判断是 bullish（得分 0.47，信念度 39）。
编辑先验——主观、未经回测。它有界（±0.6）、低置信度，且从不对短周期与中周期投票。 查看它究竟如何投票 →
产品与服务，附编辑判定的市场份额区间与技术壁垒区间——这些是与所引依据绑定的定性判断，绝非杜撰的数字。
| 产品 | 市场份额 | 技术壁垒 |
|---|---|---|
| DRAM · Memory DDR5/DDR4, LPDDR, GDDR and server DRAM for data center, PC, mobile, graphics and automotive. | 前三 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. | 深 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. | 挑战者 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. | 深 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. | 挑战者 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." | 深 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. |
这些图表绘制的是 Micron 在其 SEC 申报文件中已申报的利润表、现金流量表与资产负债表（截至 2026-10-09）。每一个数字都是申报原值 XBRL——没有任何一项是预估。
在已申报的区间内，FY2026 净利润为 $85.0B。
分析师一致预期——来自 Yahoo Finance 的第三方预估，截至 2026-10-26。这不是 SEC 申报文件，也不是 TradingPilot 的预测。 来源：finance.yahoo.com
| 期间 | 每股收益（预估） | 营收（预估） | 同比 |
|---|---|---|---|
| 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% |
每个数字显示一致预期均值、可得时的（最低–最高）区间，以及 · 后面给出该预估背后的分析师人数。
下次财报约在 2026-12-23。
我们的模型在中周期上对这只股票偏向 Bullish——这是对市场方向的判断，不是对盈利的预测。查看“信号”标签。
部分近期数字来自 Yahoo Finance，用于填补最新 SEC 申报尚未发布的期间——已折算为美元，并与 SEC 申报期间做过核对。
正在与同业比较…
| 机构 | 股数 | 金额 | 环比股数变动 | 占 13F 比例 | 占流通股比例 |
|---|---|---|---|---|---|
| BlackRock 被动 / 指数 | 104,827,219 | $121.0B | 1,679,633 | 1.8% | 9.27% |
| State Street 被动 / 指数 | 50,075,870 | $57.8B | -2,163,613 | 1.7% | 4.43% |
| FMR (Fidelity) 被动 / 指数 | 26,718,869 | $30.8B | -5,335,696 | 1.3% | 2.36% |
| Coatue Management (Philippe Laffont) 大师 | 3,142,269 | $3.6B | 2,976,338 | 7.5% | 0.28% |
| Appaloosa Management (David Tepper) 大师 | 975,000 | $1.1B | -690,000 | 14.6% | 0.09% |
| Renaissance Technologies 大师 | 211,580 | $244.2M | -1,951,406 | 0.3% | 0.02% |
| Bridgewater Associates (Ray Dalio (founder)) 大师 | 116,666 | $134.7M | -1,359,038 | 0.6% | 0.01% |
TradingPilot 计算的列（占 13F 比例、占流通股比例）由申报原值推导而来；只有名称、股数与金额是申报原值。
GlobeNewswire · 2026-10-27 · 合作
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 · 产品
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 · 产品
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 · 合作
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 · 人事
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 · 合作
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 · 财报
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 · 人事
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 · 人事
Micron offered Taiwan employees a cash bonus as unions pressed profit-sharing demands and kept strike preparations active.
Reuters · 2026-09-11 · 人事
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 · 产品
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 · 人事
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 · 产品
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 · 监管
Micron has asked a court to dismiss a lawsuit challenging its large chip plant project in New York.
Bloomberg · 2026-07-04 · 产品
Micron broke ground on a $9 billion plant expansion in Japan to expand memory manufacturing capacity.
Yahoo Finance · 2026-07-01 · 监管
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 · 合作
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
影响 = 公司显著度层级（高/中由图谱中心度与规模自动判定；低仅用于人工整理的次要事件），不是对波动幅度的预测。
| 日期 | 类型 | 事件 | 影响 |
|---|---|---|---|
| 2026-12-23 | 财报 | Micron earnings (estimated) — Date not yet announced — consensus estimate. 预估 | 高 |
| 日期 | 事件 | 影响 | 结果 |
|---|---|---|---|
| 2026-09-30 | Micron earnings 已确认 | 高 | 每股收益超预期 · +3.0% |
| 2026-06-24 | Micron earnings 已确认 | 高 | 每股收益超预期 · +15.7% |
