[DAILY TRADING] MU Stock, 1 July 2026 – Micron at $1,152: Record Q3 Earnings vs Fresh Antitrust Lawsuit
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Updated Wed, 2026 July 1 05:25
![[DAILY TRADING] MU Stock, 1 July 2026 – Micron at $1,152: Record Q3 Earnings vs Fresh Antitrust Lawsuit](https://www.vantagemarkets.co/wp-content/uploads/2026/06/MU_hero_2026-06-23.webp)
The Micron Technology (MU) share price on the Vantage MU CFD opened 1 July 2026 at $1,163.00, last trading at $1,152.84 as of 03:40 UTC (11:40 GMT+8), down 0.84% on the session. Find out more about trading share CFDs at Vantage Markets here.
Charts are indicative and from TradingView. This is not financial advice.
Key Points
- Micron earnings beat: Fiscal Q3 2026 revenue hit a record $41.46 billion, well above the $35.84 billion consensus. Q4 guidance of approximately $50 billion topped analyst forecasts of $43.58 billion.[1]
- Micron stock price consolidating: The Vantage MU CFD last printed $1,152.84 at 03:40 UTC on 1 July 2026, sitting above a tight MA cluster (50-period at $1,131.28; 200-period at $1,129.58). RSI reads 51.74 on the TradingView setup used for this analysis.
- New lawsuit overhang: Micron, Samsung, and SK Hynix were sued on 25 June 2026 over alleged commodity DRAM price-fixing. Analysts at Jefferies noted the case is unlikely to affect Micron stock price or memory pricing before year-end.[2]
Micron Share Price: What the Chart Shows
The 15-minute Micron tech stock chart covers June into the 1 July 2026 open. MU moved steadily higher through most of June 2026, with both MAs trending upward. The 50-period MA (lighter cyan, $1,131.28) and 200-period MA (darker blue, $1,129.58) are now bunched together just below current Micron share price, forming the first area of technical support.
Two sharp pullbacks define the recent Micron news cycle. On 23 June 2026, MU stock fell 13.3% to $1,051.77 as broader memory-sector sentiment weakened following regulatory concerns surrounding leveraged semiconductor ETFs in South Korea.[3] On 26 June, Micron technology share price briefly spiked to $1,198.71 post-earnings before reversing to close down 6.69% at $1,121.36.[4] Price has since recovered to consolidate around $1,152.
The RSI per the TradingView setup used for this analysis reads 51.74, with the moving-average overlay at 56.67. Both sit in neutral territory. Volume on the Vantage CFD feed is 293.92K on this session, lighter than the 61.37M daily average, consistent with a first-session-of-the-month pattern. Discover the latest Micron news here.
Micron Earnings: Record Quarter, Bigger Q4 Guidance
Micron reported fiscal Q3 2026 results on 24 June 2026. Revenue rose more than 300% year-on-year to a record $41.46 billion, comfortably exceeding the $35.84 billion LSEG consensus.[1] Non-GAAP EPS reached $25.11. Data centre was the standout: cloud memory revenue climbed to $13.77 billion and core data centre sales rose more than sevenfold to $11.5 billion.
Q4 guidance of approximately $50 billion, against analyst expectations of $43.58 billion, drove the initial post-earnings surge in Micron stock. Management also disclosed 16 long-term supply agreements with data centre operators and automakers, with binding volume commitments across three to five years. HBM capacity is reported as sold out through 2026.[1]
Separately, Micron and Anthropic announced a multi-year memory and storage partnership in June 2026, positioning Micron as Anthropic’s primary memory and storage supplier. Micron also participated in Anthropic’s Series H funding round.[5]
Antitrust Lawsuit: What It Means for MU Stock
On 25 June 2026, 17 plaintiffs filed a class-action lawsuit (Garciaguirre v. Samsung, SK Hynix, Micron) in the Northern District of California. The complaint alleges the three chipmakers coordinated to cut legacy DRAM supply under the pretext of shifting to HBM, pushing commodity memory prices up roughly 700% over four years.[2]
The allegations have drawn comparisons with the DRAM price-fixing cases of the 2000s. In that era, Samsung paid $300 million and SK Hynix $185 million in fines; Micron cooperated with the DOJ and avoided a penalty. A 2018 case with similar allegations was dismissed.
Analysts at Jefferies noted this iteration is unlikely to affect Micron share price or memory pricing before year-end.[6] The structural counterargument: Micron’s HBM meets only 50-66% of demand, which points to genuine scarcity, not coordinated restriction.[7]
Key Levels on the Vantage MU CFD
Reference levels as of 03:40 UTC, 1 July 2026. Not trade signals.
| Level | Support | Resistance | What Traders Are Watching |
| MA cluster support | $1,129 / $1,131 | $1,166 | Both MAs converging; holding since post-earnings recovery |
| Mid support | $1,089 | $1,158 | Next level if MA cluster gives way |
| Deeper support | $1,050 | $1,200+ | Prior pivot and 20-day MA zone |
| 52-week range | $103.38 (Aug 2025) | $1,255 (25 Jun 2026) | Current all-time high recorded on 25 June 2026 |
Table 1: Key levels on Vantage MU CFD as of 03:40 UTC, 1 July 2026. Sources: TradingView, CNBC. Indicative only.
What to Watch
- Ex-dividend date, 6 July 2026: MU shares go ex-dividend at $0.15 per share; payment on 21 July 2026.
- SK Hynix planned Nasdaq ADR listing, ~10 July 2026: Could shift flows from MU stock into SK Hynix ADRs if the planned listing proceeds; SK Hynix’s board approved the Nasdaq ADR offering on 24 June 2026, targeting a 10 July debut, subject to final pricing and SEC review.
- Antitrust case, ongoing: Assigned to Judge Noel Wise. Early motions could move the broader Micron news cycle.
- Next Micron earnings, est. 21 September 2026: Q4 guidance of ~$50 billion sets a high bar for the next MU stock catalyst.
Market participants monitoring Micron technology share price often note the $1,129-$1,131 MA cluster as a reference zone for stop-loss placement. Intraday ranges have been well above historical norms. A 13.3% single-session move on 23 June and a 6.69% post-earnings reversal on 26 June show how quickly MU stock can gap. The antitrust lawsuit and the approaching ex-dividend date add event-driven uncertainty on top of that volatility profile.
Leverage amplifies both gains and losses on CFD positions. A Micron tech stock that moved 13% in one session can produce outsized outcomes relative to margin. Reviewing position sizing relative to account equity is especially relevant ahead of the 6 July ex-dividend cutoff and any early court developments on the antitrust case.
RISK WARNING: CFDs are complex financial instruments and carry a high risk of losing money rapidly due to leverage. You should ensure you fully understand the risks involved and carefully consider whether you can afford to take the high risk of losing your money before trading.
Disclaimer: The information is provided for educational purposes only and doesn’t take into account your personal objectives, financial circumstances, or needs. It does not constitute investment advice. We encourage you to seek independent advice if necessary. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research. No representation or warranty is given as to the accuracy or completeness of any information contained within. This material may contain historical or past performance figures and should not be relied on. Furthermore estimates, forward-looking statements, and forecasts cannot be guaranteed. The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
References
[1] “Micron (MU) earnings report Q3 2026 – CNBC” https://www.cnbc.com/2026/06/24/micron-mu-earnings-report-q3-2026.html Accessed on 1 July 2026.
[2] “Samsung, SK Hynix, Micron Sued in US Over Memory Price Fixing – Seoul Economic Daily” https://en.sedaily.com/international/2026/06/29/samsung-sk-hynix-micron-sued-in-us-over-memory-price-fixing Accessed on 1 July 2026.
[3] “Micron Tumbles 13% As South Korean ETF Warning Fuels Chip Sell-Off – Forbes” https://www.forbes.com/sites/antoniopequenoiv/2026/06/23/micron-tumbles-13-as-south-korean-etf-warning-fuels-chip-sell-off/ Accessed on 1 July 2026.
[4] “Micron Stock Price Forecast: Memory Chip Demand May Push Micron Stock Past $1,400 – TradingKey” https://www.tradingkey.com/analysis/stocks/us-stocks/261997249-micron-stock-price-forecast-demand-memory-chips-drive-micron-stock-price-above-1400-tradingkey Accessed on 1 July 2026.
[5] “Micron and Anthropic Announce Strategic Agreement to Scale Next-Generation AI Infrastructure – GlobeNewswire” https://www.globenewswire.com/news-release/2026/06/10/3095999/0/en/Micron-and-Anthropic-Announce-Strategic-Agreement-to-Scale-Next-Generation-AI-Infrastructure.html Accessed on 1 July 2026.
[6] “Samsung, SK hynix, and Micron Hit With U.S. Price-Fixing Class Action Over Memory Shortage – TechTimes” https://www.techtimes.com/articles/319302/20260630/samsung-sk-hynix-micron-hit-us-price-fixing-class-action-over-memory-shortage.htm Accessed on 1 July 2026.
[7] “Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand? – 24/7 Wall St.” https://247wallst.com/investing/2026/06/30/micron-hit-with-price-fixing-lawsuit-real-collusion-or-simple-supply-and-demand/ Accessed on 1 July 2026.
