Micron shares have averaged a gain of about 19% in the fourth quarter over 2016 to 2025, but they are down about 8% from the Sept. 30 close, at roughly $983. The three years without gains coincided with weakening business, whereas fiscal Q4 2026 revenue hit a record $54.2 billion, up 379%, and the company expects growth in every quarter of fiscal 2027. DRAM price gains are slowing but still rising, with TrendForce forecasting 10% to 15% increases in Q4 2026. The author argues history alone isn't enough to justify a purchase, but says the current outlook points the same way as good years and he would consider a small position ahead of the next report.
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