Micron Technology shares trade near $1,075 following fiscal Q4 2026 results that crushed estimates with $54.23 billion revenue and $33.42 adjusted EPS, driven by explosive AI-related data center and cloud memory demand that lifted gross margins above 86%. Strong Q1 guidance of roughly $61.5 billion revenue and $38.15 EPS reinforces expectations for sustained tight supply-demand dynamics through 2027-2028. Traders weigh these fundamentals against elevated forward multiples, potential macro sensitivity in semiconductors, and upcoming catalysts including broader tech earnings and any shifts in capital expenditure plans. Recent 52-week highs near $1,255 underscore the momentum backdrop for near-term price targets.