Micron beats estimates, but 6.7x earnings signals doubt

Micron reported $54.23 billion in fiscal Q4 2026 revenue and $33.42 in adjusted earnings per share, both above consensus, according to Investing.com. The stock barely moved. It trades at 6.7 times forward earnings — $6.70 per $1 of expected profit — according to MarketWatch. In my view, that low price reflects doubt the 380% growth will last.