Micron beats estimates but stock stays cheap at 6.7x earnings

Micron posted $54.23 billion in fiscal Q4 2026 revenue and $33.42 adjusted earnings per share, both beating consensus, according to Investing.com. The stock drew a muted response. It trades at 6.7 times forward earnings, meaning investors pay $6.70 for each $1 of expected profit, according to MarketWatch. I read that discount as doubt the 380% growth can last.