Micron Technology’s depositary receipts traded on Thailand’s stock exchange saw strong price gains on Wednesday morning, mirroring a significant advance in the US-listed shares. The rally came ahead of the company’s upcoming earnings announcement, attracting attention from investors following a period of heightened volatility in global markets.
Micron’s US shares closed at a record high of $461.69 on Tuesday, continuing a strong upward trend even after recent market turbulence caused by geopolitical events in the Middle East. Despite a broader pullback in semiconductor stocks last week, Micron’s valuation has climbed 46% since the start of the year.
Investor enthusiasm has been fueled by expectations of rapid financial improvement at Micron, with analysts forecasting a sharp revenue increase to around $19 billion, nearly 140% higher than the previous year. Adjusted earnings are projected to rise substantially, with estimates of a 455% jump to $8.56 per share. Wall Street also expects Micron’s third-quarter sales to rise around 140% as memory chip prices recover and demand strengthens from sectors such as data centers and artificial intelligence.
Consensus among analysts remains positive, with LSEG reporting that 40 analysts rate Micron as a buy, while only two recommend holding or selling the stock. Notably, Micron’s recent closing price has exceeded the consensus price target of $410.57.
Micron’s FY2Q26 earnings will be released on March 18, 2026.
Reflecting the US gains, Micron’s Thai depositary receipts rose sharply in early trading. Micron01, issued by Bualuang Securities, climbed 6.67% to THB9.60 per share, while Micron80, offered by KTB, advanced 6.94% to THB15.40 per share.
