Micron Options Traders Expect Massive Earnings Swing Ahead of Q3 Report

25 June 2026 · Source balance: Centre

Micron Technology is reporting fiscal third-quarter 2026 earnings on June 24th, with options traders bracing for significant volatility. Options markets are pricing in expected stock moves between 13 and 17.6 percent following the announcement. Analysts expect adjusted earnings per share of 20 dollars 22 cents, vastly exceeding last year's 1 dollar 91, with revenue forecast to jump 276 percent to 35 billion dollars. The massive expected swing reflects strong demand for high-bandwidth memory, DRAM, and NAND chips used in artificial intelligence infrastructure. Despite Micron's strong track record of beating expectations for eight consecutive quarters, traders are heavily positioned in both calls and puts, suggesting uncertainty about whether the company can exceed already elevated market forecasts. The stock has surged about 700 percent over the past year, making this one of the most closely watched earnings reports of the season.