What move does the options market price into Micron's report?

Implied ±13.9%, either direction · provisional.

How often does Micron move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

MUNasdaqSemiconductors & Related Devices

Micron Technology Inc (MU) earnings date, market-implied expected move, and options open interest by expiry

889.17

Closed19:58 ET

Open897.26Volume30.9MMkt cap$1.0TP/E11.80EPS75.38Div yield0.06%

Day866.19 – 902.5863%52-wk192.37 – 1,254.6166%

Micron Technology Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.9%implied · straddle

762.021,007.46

spot 884.74exp Dec 18ATM strike 880ATM straddle 144.38IV 56%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Dec 16

after close · in 46 days

est.Q1 FY27

Calendar

Next report

Last report

+3.03%

vs ±6.2% implied · ×0.49

shaded = implied · ▲▼ = realized

Sep 30 '26 · confirmed

Implied vs realized

Linked news

20hNVDA · customerHere are Friday's biggest analyst calls: Nvidia, SpaceX, Amazon, Intel, Rivian, Coinbase, Reddit, GE Vernova & more
1dFTNT · customerFortinet posts Q3 revenue $2,078.4 million, net income $635.5 million, EPS $0.86
2dSIMO · supplierSilicon Motion posts 3Q 2026 sales $560.2 million, GAAP net income $65.3 million

News

Largest filed tie

13F top-10 QoQ

+14.71%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

3,932 managers

Top fund weight

8.54%

MU weight · SOXX

N-PORTJun 30 '26

15 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Micron (MU) is expected to report on Dec 16 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±8.0%
avg realized: ±7.6%

Dec 18 '24Dec 18 '24confirmed±11.2%▼−16.18%×1.45

Mar 20 '25Mar 20 '25confirmed±7.9%▼−8.04%×1.02

Jun 25 '25Jun 25 '25confirmed±6.9%▼−0.98%×0.14

Q4 FY25Sep 23 '25confirmed±8.4%▼−2.82%×0.34

Q1 FY26Dec 17 '25confirmed±7.5%▲+10.21%×1.36

Q2 FY26Mar 18 '26confirmed±6.7%▼−3.78%×0.56

Q3 FY26Jun 24 '26confirmed±9.5%▲+15.74%×1.66

Q4 FY26Sep 30 '26confirmed±6.2%▲+3.03%×0.49

quarterimplied−20%0+20%realized×

Q4 FY26±6.2%▲+3.03%×0.49

Q3 FY26±9.5%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 15 expiries · Oct 30 close

1.24OI · 15 expiries · Oct 30 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

8 nearer expiries

19,353+55%Nov 22d0.9320,858+61%0.93

9,805+52%Nov 44d0.6614,801+66%0.66

82,340+11%Nov 66d1.6151,054+28%1.61

1,563—Nov 99d0.891,761—0.89

116—Nov 1111d0.80145—0.80

27,126+8%Nov 1313d1.1224,163+10%1.12

193,807+9%Nov 2020d0.95203,996+11%0.95

21,919+4%Nov 2727d1.4115,596+4%1.41

3,312+41%Dec 434d1.063,131+47%1.06

98—Dec 1141d0.39254—0.39

2 later expiries

95,992+2%Mar 19139d0.91105,7330%0.91

22,991+2%Apr 16167d1.32

ExpiryPutsCallsP/C

8 nearer expiries

Nov 22d19,353+55%20,858+61%0.93

Nov 44d9,805+52%14,801+66%0.66

Nov 66d82,340+11%51,054

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±13.9%

Funds 4

SOXX±1.2%

IGPT±1.0%

SMH±0.8%

QQQ±0.8%

Suppliers 4

RMBS±8.3%×0.60

SIMO±7.3%×0.53

AMSC±7.0%

Customers 1

NVDA±4.3%×0.31

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY26

69.52%derived from FYnet margin · revenue +30.81% QoQ · +379.27% YoY

Revenue

$54.2B+30.81% QoQ

Gross profit

$47.0B+34.21% QoQ

86.76% margin

Operating income

$43.8B+31.31% QoQ

80.68% margin

Pre-tax income

$44.2B+33.20% QoQ

Net income

$37.7B+33.49% QoQ

69.52% margin

Cost of revenue

$7.2B+12.22% QoQ

Operating expenses

$3.3B+89.64% QoQ

R&D $1.9B

SG&A $859M

Other operating $524M

Tax

$6.6B+32.24% QoQ

Other income

$487M+559.43% QoQ

Revenue$54.2B+30.81%

Gross profit

$47.0B+34.21%

86.76% margin

Operating income

$43.8B+31.31%

80.68% margin

Pre-tax income

$44.2B+33.20%

Net income

$37.7B+33.49%

69.52% margin

Cost of revenue

$7.2B+12.22%

Operating expenses

$3.3B+89.64%

R&D $1.9B

SG&A $859M

Other operating $524M

Other income$487M+559.43%

Tax$6.6B+32.24%

flow · deduction · inflow · signed % = QoQDerived: FY − Q1–Q3 · QE Sep 3 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

NFP ×2.27· ±6.7% vs ±3.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±6.7%4 of 10×2.27

PPIproducer prices±4.7%6 of 11×1.59

CPIconsumer prices±3.6%4 of 11×1.21

PCEpersonal income & outlays±3.5%10 of 19×1.20

GDPgross domestic product±3.5%11 of 19×1.20

FOMCrate decision±2.8%18 of 24×0.93

CPROFcorporate profits±2.7%6 of 12×0.90

Bar = avg |move| to ±7% · tick = ±3.0% avg day · ×base = |move| ÷ ±3.0% · min 6 releases

Earnings history

EPS 32.99 · consensus —

Quarter	Reported	EPS	Consensus
Q4 FY26	Sep 30 '26 · confirmed	32.99	—
Q3 FY26	Jun 24 '26 · confirmed	24.67	—
Q2 FY26	Mar 18 '26 · confirmed	12.07	—
Q1 FY26	Dec 17 '25 · confirmed	4.78	—

Methodology

ties · implied moves · holdersMethod