{
  "id": 15990059,
  "title": "Micron Stock Could Be Worth Buying Before Its Next Earnings Report",
  "url": "https://urgent.news/2026/10/22/micron-stock-could-be-worth-buying-before-its-next-earnings-report",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T03:00:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/21/micron-stock-could-be-worth-buying-before-its-next/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Micron's business has been performing exceptionally well, with its last quarterly report exceeding all expectations. The company reported non-GAAP adjusted earnings per share of $33.42 on revenue of $54.23 billion, surpassing the average Wall Street target of $31.72 per share on sales of $51.07 billion. Moreover, Micron's guidance for the current quarter even further exceeded expectations, with projected sales of approximately $61.5 billion and adjusted earnings of $38.15 per share, compared to the average estimate of $57 billion in sales and $35.40 per share in earnings. The company is set to release its next earnings report in December, and there are reasons to believe that the stock could be a wise purchase before then. Despite Micron's stock experiencing a 25.5% drop since its last report, there are several factors contributing to the decline. The stock has seen substantial gains over the past year, leading to investor skepticism due to rising inflation, high bond yields, and the potential for additional interest rate hikes. Additionally, concerns about competition from Chinese memory companies and their impact on Micron's pricing power have affected the stock's valuation. However, Micron is expected to deliver another impressive quarterly report, with sales and earnings likely to surpass guidance ranges. The demand for Micron's high bandwidth memory (HBM) chips for artificial intelligence processors remains strong, and there is little indication that the company's pricing power will diminish in the near future. Furthermore, Micron's next quarter aligns with a significant shift in its capital return policy. After being restricted from buying back its own stock for two years due to the terms of a CHIPS Act loan, the restriction is now set to expire. This means that Micron will likely return a substantial amount of cash to shareholders through stock buybacks and possibly a major dividend increase in December. With Micron's business momentum looking exceptionally strong and the company poised to buy back $35.16 billion of its shares and potentially raise the dividend, investing in Micron's shares amid recent volatility could be a prudent decision.",
  "summary": "Risk factors are real, but Micron could have what it takes to end 2026 on a high note.",
  "key_points": [],
  "editors_take": "The expiration of CHIPS Act restrictions on stock buybacks transforms Micron from a growth play into a significant vehicle for returning massive amounts of cash to its shareholders.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}