Micron cycle-normalized earning-power valuation

Assumptions as of 2026-09-30

USD

Updated Sep 30, 2026 · Revised 1 time

as of 2026-09-30

Through-cycle normalized EPS

$60.00

Estimated value per share

$720.00

Implied equity value

828.0

Current share price

$1029.00

Upside or downside

-30.0%

Through-cycle normalized EPS

$60.00USD/share

Current share price

$1029.00USD/share

Latest MU quote · updated Oct 9, 2026 2:00 PM MDT

Diluted shares outstanding

1.15billions

Normalized earnings multiple

Micron fiscal fourth-quarter and full-year 2026 results and fiscal first-quarter 2027 guidance — sec.gov
Micron fiscal third-quarter 2026 results and prior guidance — investors.micron.com
Published cycle-normalized valuation framework — minivaluator.com
Published through-cycle DCF P-E and HBM SOTP ranges — app.marginofinsight.com
Published earnings-cycle analysis — morningstar.com

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