Updated 24 October 2026. Micron (NASDAQ: MU) closed at $877.55 on Friday 23 October, up $21.06 or 2.46 percent, recovering part of Thursday’s 6.3 percent drop, and traded $879.90 after hours (StockAnalysis). In Taiwan the Taoyuan union confirmed that 1,633 members, nearly 70 percent, voted against Micron’s profit-sharing offer, and the talks postponed by Typhoon Champi resume on Tuesday 27 October (CNA). SK hynix reports on 28 October Korea time and Samsung on 29 October. Verdict: the stock bounced on half the usual volume, which is dip-buying, not conviction; this week the memory debate gets its first hard numbers from Seoul while the Taoyuan dispute either settles or sets a strike date. Reference levels: $800 below, $950 above.
Key facts
- Price: MU $877.55 at Friday’s close, up 2.46 percent from $856.49, after an intraday high of $891.89; $879.90 after hours at 7:59 pm ET (StockAnalysis, MarketBeat). Volume was 21.1 million shares, 48 percent below the 40.7 million average. Market value $992.9 billion; 52-week range $192.59-$1,255.00. TradingKey attributed the rebound to dip-buying and enterprise memory demand, noting multi-year take-or-pay agreements covering much of fiscal 2027 output.
- The vote: the Taoyuan union said 1,633 members voted against the company’s plan, close to 70 percent of the membership, and that it will keep pressing for a fixed profit-sharing mechanism (CNA, Liberty Times, 23 October). The 24-hour strike by 11 union officials ended at 9 am on Friday.
- The talks: Friday’s session at Taoyuan City Government was postponed to 27 October because the typhoon closed offices and schools in Taoyuan (CNA). Micron Taiwan’s chairman said the company has agreed to introduce a global quarterly bonus from fiscal 2027, has raised Taiwan pension contributions and shift allowances, and will continue communicating with the union on 27 October. The Ministry of Economic Affairs welcomed the Taichung agreement and urged continued talks in Taoyuan.
- SK hynix: reports third-quarter results on 28 October Korea time, the evening of 27 October in New York, alongside additional shareholder-return measures (Seoul Economic Daily, 24 October). FnGuide consensus: revenue 98.23 trillion won, up 302 percent, and operating profit 76.96 trillion won, up 576 percent; Meritz Securities models 80.06 trillion won with an 80 percent margin, split 63 trillion won DRAM and 17 trillion won NAND; Citi 81.3 trillion won. On Friday SK hynix suspended its review of a Solidigm pre-IPO round and US listing and the shares rose 4.4 percent after a 30 percent slide since 7 October. Its 40 trillion won buyback completed on 21 October; Hana Securities’ Kim Rok-ho expects at least 30 trillion won more.
- Samsung: full third-quarter results on 29 October with a call at 10 am KST (TipRanks). Preliminary figures on 8 October showed revenue of 195 trillion won and operating profit of 107.4 trillion won.
- Peers: Sandisk slipped a further 1.82 percent to $1,238.03 and Western Digital 2.97 percent to $343.67 on Friday, so DRAM bounced while NAND and storage did not (StockAnalysis). Western Digital’s complaint about rising DRAM input costs on Wednesday’s call is Micron’s pricing power seen from the customer’s side.
- Analysts: consensus Strong Buy from 49 analysts with an average target of $1,560.57 (StockAnalysis); MarketBeat’s Moderate Buy is 1 Strong Buy, 41 Buy and 4 Hold with a $1,407.88 average. Morgan Stanley Overweight, $1,200 (1 October); CLSA Outperform, $1,700 (2 October); DA Davidson Buy, $3,000 (7 October); RBC $1,500 and Needham $1,650 (22 October).
- Insiders: president and chief technology and products officer Scott DeBoer sold 28,545 shares at $900 on 16 October, about $25.7 million; chief executive Sanjay Mehrotra sold 40,000 at $968.90 on 21 August. Insiders sold $78.5 million of stock in the last 90 days (MarketBeat).
Tuesday is the day, twice over
Micron’s week pivots on 27 October in two time zones. In the Taiwan afternoon the Taoyuan union and the company sit down for the session the typhoon cancelled, which Friday’s page previewed in detail: the union wants a fixed 15 percent of operating profit written into a mechanism, Micron’s quarterly bonus deducts projected capex from profit after tax before the pool is set, and seven in ten members have now said that is not enough. A strike mandate backed by 1,994 of 2,012 votes is still live. That evening in New York, SK hynix prints a quarter the consensus has at a 78 percent operating margin and tells the market what 2027 contract pricing looks like. If hynix’s DRAM line meets Meritz’s 63 trillion won and management talks about long-term agreements, Micron’s take-or-pay story gets its first external confirmation since the selloff began.
The two events interact. Micron’s Taiwan fabs make a large share of its DRAM, and the union represents about two-thirds of its roughly 15,000 Taiwan staff. A deal on Tuesday removes the one company-specific overhang in a sector-wide de-rating; a strike date adds a supply question to a market that has suddenly started worrying about demand. Our news desk’s Friday report on the vote has the union’s own framing.
What the bounce was and was not
Friday’s 2.5 percent gain came on 21 million shares against a 41 million average, with the high of the day at $891.89 sold into the close. That is the shape of a relief bounce after a 6 percent drop, and it left the stock $36 below Wednesday’s $913.67 close. It also diverged from NAND: Sandisk and Western Digital both fell again, which we cover on the Sandisk week-ahead page. Buyers are drawing a line between DRAM, where HBM demand is contracted, and NAND, where Western Digital’s cost complaint has been read as a cycle top. SK hynix’s Solidigm decision cuts the same way: scrapping a dilutive listing and promising more buybacks is the kind of capital discipline the memory sector is being asked to prove, and the 4.4 percent pop in Seoul suggests the market will pay for it. The Kospi’s own reversal earlier in the week, covered on the Kospi page, shows how fast that sentiment flips.
Micron this week: bull, base and bear
| Scenario | MU | What has to happen | Anchor |
|---|---|---|---|
| Bear | $800 | Taoyuan talks end with a strike date, SK hynix misses the 76.96 trillion won consensus or softens its pricing outlook, and the Fed signals December on Wednesday. | TradingKey’s downside risk level after Thursday’s drop, about 8.8 percent below Friday’s $877.55 and above the 52-week low. |
| Base | $840-$920 | Talks continue without a deal or a date, SK hynix lands near consensus, and the stock trades the sector tape into Samsung on Thursday. | Thursday’s low to Friday’s high, extended to Wednesday’s $913.67 close. |
| Bull | $950 | A Taoyuan agreement, SK hynix beats with Meritz’s 80 trillion won and talks up 2027 contract pricing, and Samsung’s memory margin confirms it on Thursday. | About 8.3 percent above Friday’s close and through the $913.67 level the selloff started from; below Morgan Stanley’s $1,200, the lowest major bank target. |
The bear case sits below Friday’s close. These are reference levels measured from the verified quotes, not forecasts.
What to watch this week
- Tuesday, Taiwan afternoon: the Taoyuan City Government session. A signed deal, a next date, or a strike date.
- Tuesday evening US time: SK hynix’s third quarter against 76.96 trillion won, its shareholder-return announcement and any 2027 pricing commentary.
- Wednesday 2 pm EDT: the Fed. A December hike signal pressures a stock that still trades on 2027 earnings.
- Thursday 10 am KST: Samsung’s full quarter, with the memory division’s margin and capex plan.
- Thursday after the US close: Sandisk’s results and March-quarter guide, the week’s read on NAND pricing.
Quick take: Micron closed at $877.55 on Friday, up 2.5 percent on half the usual volume, after 70 percent of its Taoyuan union voted the offer down. Tuesday brings both the rescheduled talks and SK hynix’s third quarter, with a 76.96 trillion won operating-profit consensus; Samsung follows on Thursday. Expect $840-$920 into the data. A strike date or a hynix miss opens $800. A deal plus a hynix beat opens $950.
FAQ
What is Micron’s stock price today?
MU closed at $877.55 on Friday 23 October 2026, up 2.46 percent, and traded $879.90 after hours (StockAnalysis). It fell 6.3 percent on Thursday.
What happened with the Taoyuan union?
About 70 percent of members, 1,633 votes, rejected Micron’s profit-sharing offer. Talks scheduled for 23 October were postponed to 27 October because of Typhoon Champi; a 24-hour strike by 11 officials ended on Friday morning (CNA).
When does SK hynix report?
Third-quarter results on 28 October Korea time, the evening of 27 October in the US, with additional shareholder-return measures. Consensus operating profit is 76.96 trillion won (Seoul Economic Daily).
When does Samsung report?
Full third-quarter results on 29 October with a conference call at 10 am KST (TipRanks). Preliminary operating profit was 107.4 trillion won.
What is the analyst price target for MU?
The average of 49 analysts is $1,560.57 with a Strong Buy consensus (StockAnalysis); MarketBeat’s average is $1,407.88. Targets run from Morgan Stanley’s $1,200 to DA Davidson’s $3,000.
Why did memory stocks fall this week?
Western Digital beat and raised but said DRAM and NAND input costs are rising and capex will run above range, which the market read as a sign the memory cycle is peaking; AI-spending doubts and Chinese supply concerns added to the selling (Investing.com, 24/7 Wall St).
Have Micron insiders been selling?
Yes. Scott DeBoer sold 28,545 shares at $900 on 16 October and chief executive Sanjay Mehrotra 40,000 shares at $968.90 on 21 August; insiders sold $78.5 million of stock in the last 90 days (MarketBeat).
Sources: StockAnalysis (MU, SNDK and WDC closes and after-hours prices, 23 October 2026); MarketBeat (intraday high, volume, analyst actions, consensus, insider sales, 23 October); TradingKey (rebound drivers, 23 October; $800 risk level, 22 October); Central News Agency and Liberty Times (vote count, postponement to 27 October, company statement, 23 October); Seoul Economic Daily (SK hynix date, Solidigm decision, consensus, buyback, analyst quotes, 24 October); Herald Business (Meritz forecast, 20 October); BigGo Finance (Citi forecast); TipRanks (Samsung results date); Investing.com (Western Digital call, 22 October).
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.
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