{"id":1250068,"date":"2026-03-27T11:09:20","date_gmt":"2026-03-27T08:09:20","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1250068"},"modified":"2026-03-30T19:15:44","modified_gmt":"2026-03-30T16:15:44","slug":"deep-dive-microns-surge-continues","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/market-insights\/deep-dives\/deep-dive-microns-surge-continues\/","title":{"rendered":"Deep Dive: Micron\u2019s Surge Continues"},"content":{"rendered":"

The Daily Breakdown takes a closer look at Micron, which has more than quadrupled over the past 12 months. Is this boom or bust?<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

Interested in more Deep Dive content? Check out <\/span><\/i>our latest research<\/span><\/i><\/a>.\u00a0<\/span><\/i><\/p>\n

Deep Dive<\/b><\/h2>\n

With a one-year gain of more than 300%, Micron<\/a> has quietly amassed a market cap of roughly $430 billion. The company makes memory and storage semiconductors, including DRAM \u2014 which accounts for the majority of its business \u2014 as well as NAND flash and SSDs used in data centers, PCs, smartphones, autos, and industrial devices. In simple terms, Micron sells the chips and storage products that help devices store data and run applications faster.<\/span><\/p>\n

As for what’s behind the stock\u2019s huge gains this year? AI.<\/span><\/p>\n

Micron is benefiting from that tailwind sinceAI servers require far more high-bandwidth memory (HBM) and storage than traditional computing systems. That demand is driving sales of products like HBM and data center DRAM, where Micron has direct exposure.<\/span><\/p>\n

Case in point: Micron blew past estimates when it reported on March 18. Earnings of $12.20 per share topped estimates of $9 a share, while revenue of $23.9 billion rose 196% year over year and beat expectations of $19.7 billion. Notably, management\u2019s outlook for the current quarter also came in ahead of consensus estimates.<\/span><\/p>\n

\"Micron's
Micron’s earnings (annual). Source: Fiscal.ai<\/figcaption><\/figure>\n

Right now, Micron is operating in one of its boom phases, but this business has long been defined by boom-and-bust cycles. The chart above illustrates that clearly with Micron\u2019s earnings, highlighting the current upswing alongside prior sharp downturns. Put simply, the business has not historically delivered long-term consistency. So the question is: Is this time different?<\/span><\/p>\n

Future Growth Projections<\/b><\/h4>\n

Micron\u2019s fiscal year ends in August, (meaning fiscal 2026 runs through August 31, 2026, and fiscal 2027 begins on September 1). According to Bloomberg, analysts project the following:<\/span><\/p>\n