memory & storage · 產業指數 24 (排名 #13) ·
價格: 截至 2026-10-29 指數: 截至 2026-10-29 基本面: 最新申報文件 2026-10-09 按季揭露（10-Q XBRL）
US memory maker (DRAM/NAND); second-source HBM supplier for AI accelerators.
產業曝險 0.5 (HBM3E ramp and data-center DRAM are the growth engine; broad commodity exposure remains)
延遲的日終逐合約彙總資料——不是即時盤口，也不是逐筆資金流。買賣方向是根據每個合約最後一筆成交在買賣價差中的位置推斷出來的，並非觀測到的委託流。除非有報價的合約佔當日權利金的四分之一以上，否則公司層級的方向會被隱去，因此下方個別合約有方向時這裡也可能為空。買權/賣權權利金是在我們擷取的合約範圍內計算的——最近的 6 個到期日、45 天以內，並非完整選擇權鏈——而下表最多列出 20 個被標記的合約，所以把這些列加總不會還原出上面的百分比。
標記原因：matches: Micron announces new Idaho transportation, ho…
| 日期 | 合約 | 異常分數 | 買賣方向（推斷）? | 未平倉變動? | 成交量 | 成交量/未平倉 | 標記 |
|---|---|---|---|---|---|---|---|
| 2026-10-28 | $960 PUT | 76 | 價差中段 · 無法判定方向 | +5 | 480 | 17.1× | |
| 2026-10-28 | $955 PUT | 74 | 價差中段 · 無法判定方向 | +1 | 98 | 49.0× | |
| 2026-10-28 | $1090 CALL | 73 | 買方主動 | +11 | 399 | 26.6× | |
| 2026-10-28 | $1080 CALL | 73 | 賣方主動 | +26 | 963 | 26.0× | |
| 2026-10-28 | $1125 CALL | 72 | 賣方主動 | +20 | 639 | 26.6× | |
| 2026-10-28 | $960 PUT | 71 | 賣方主動 | +4 | 133 | 16.6× | |
| 2026-10-28 | $940 PUT | 70 | 價差中段 · 無法判定方向 | +6 | 127 | 15.9× | |
| 2026-10-28 | $1005 CALL | 70 | 價差中段 · 無法判定方向 | +189 | 2,417 | 3.7× |
12 smaller flags (under $100000 premium) hidden.
最近交易日：為 13 日基準的 0.6 倍
買權 83% / 賣權 17%（按權利金）
新聞 定下了基調，但群體不願下結論——正向傾斜加上薄弱的一致度，因此結論為中性。
多數投票者傾向一致；價格動能 投了反對票。方向一致度 0.27。
分數略偏負，但一致度薄弱——因此引擎給出沒有信心度的中性，而不是過度斷言。這是系統拒絕硬湊一個它並不具備的結論。
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).
評級: 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.
類型: 無形資產與智慧財產
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.
領先地位: 並列領先者
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.
定價權: 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.
依所引來源做出的人工整理護城河判斷。 來源：sec.gov
層級: 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.
由這家公司已對應的供應鏈關係及其所屬產業層級推導而來。
護城河先驗在長週期（約 6 個月）投出 +0.05 票，權重為 0.20——該週期上的群體判斷是 bullish（分數 0.47，信念度 39）。
編輯先驗——主觀、未經回測。它有界（±0.6）、低信賴度，且從不對短週期與中週期投票。 檢視它究竟如何投票 →
產品與服務，附編輯判定的市佔區間與技術門檻區間——這些是與所引依據綁定的定性判斷，絕非杜撰的數字。
| 產品 | 市場佔有率 | 技術門檻 |
|---|---|---|
| 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. | 挑戰者 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. | 挑戰者 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. |
這些圖表繪製的是 Micron 在其 SEC 申報文件中已申報的損益表、現金流量表與資產負債表（截至 2026-10-09）。每一個數字都是申報原值 XBRL——沒有任何一項是預估。
在已申報的區間內，FY2026 淨利為 $85.0B。
分析師一致預期——來自 Yahoo Finance 的第三方預估，截至 2026-10-26。這不是 SEC 申報文件，也不是 TradingPilot 的預測。 來源：finance.yahoo.com
| 期間 | 每股盈餘（預估） | 營收（預估） | 年增率 |
|---|---|---|---|
| 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% |
每個數字顯示一致預期平均值、可得時的（最低–最高）區間，以及 · 後面給出該預估背後的分析師人數。
下次財報約在 2026-12-23。
我們的模型在中週期上對這檔股票偏向 Bullish——這是對市場方向的判斷，不是對獲利的預測。檢視「訊號」分頁。
部分近期數字取自 Yahoo Finance，用來補上最新 SEC 申報尚未發布的期間——已換算為美元，並與 SEC 申報期間核對過。
正在與同業比較…
| 機構 | 股數 | 金額 | 季增減股數 | 佔 13F 比例 | 佔流通股比例 |
|---|---|---|---|---|---|
| BlackRock 被動 / 指數 | 104,827,219 | $121.0B | 1,679,633 | 1.8% | 9.27% |
| State Street 被動 / 指數 | 50,075,870 | $57.8B | -2,163,613 | 1.7% | 4.43% |
| FMR (Fidelity) 被動 / 指數 | 26,718,869 | $30.8B | -5,335,696 | 1.3% | 2.36% |
| Coatue Management (Philippe Laffont) 大師 | 3,142,269 | $3.6B | 2,976,338 | 7.5% | 0.28% |
| Appaloosa Management (David Tepper) 大師 | 975,000 | $1.1B | -690,000 | 14.6% | 0.09% |
| Renaissance Technologies 大師 | 211,580 | $244.2M | -1,951,406 | 0.3% | 0.02% |
| Bridgewater Associates (Ray Dalio (founder)) 大師 | 116,666 | $134.7M | -1,359,038 | 0.6% | 0.01% |
TradingPilot 計算的欄位（佔 13F 比例、佔流通股比例）由申報原值推導而來；只有名稱、股數與金額是申報原值。
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 · 產品
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 · 產品
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 · 財報
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 · 產品
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 · 產品
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 · 監管
Micron has asked a court to dismiss a lawsuit challenging its large chip plant project in New York.
Bloomberg · 2026-07-04 · 產品
Micron broke ground on a $9 billion plant expansion in Japan to expand memory manufacturing capacity.
Yahoo Finance · 2026-07-01 · 監管
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
影響 = 公司顯著度層級（高/中由圖譜中心度與規模自動判定；低僅用於人工整理的次要事件），並非對波動幅度的預測。
| 日期 | 類型 | 事件 | 影響 |
|---|---|---|---|
| 2027-01-08 | 財報 | Micron earnings (estimated) — Date not yet announced — estimated from EDGAR filing cadence (last periodic filing + 91/365 days); confirm via IR. 預估 | 高 |
| 日期 | 事件 | 影響 | 結果 |
|---|---|---|---|
| 2026-09-30 | Micron earnings 已確認 | 高 | 每股盈餘優於預期 · +3.0% |
| 2026-06-24 | Micron earnings 已確認 | 高 | 每股盈餘優於預期 · +15.7% |
