Stock-Split Watch: Is Micron Technology Next?
Stock-Split Watch: Is Micron Technology Next?
https://www.fool.com/investing/2026/05/07/stock-split-watch-is-micron-technology-next/
Publish Date: 2026-05-07 09:54:00
Source Domain: www.fool.com
Few stocks have been as hot lately as Micron Technology (MU 0.91%). The memory maker is up nearly 700% over the last year (as of May 5), and the share price has soared above $600.
A high share price is often a precursor to a stock split. Companies split their stocks to lower their share prices, which can increase liquidity and make shares more accessible to retail investors. Micron has done this three times before, although its last split was more than 25 years ago in 2000. Let’s see if another one could be on the horizon.
Image source: Micron Technology.
Memory demand has been a huge tailwind for Micron
Micron and other memory companies have traditionally been cyclical businesses that go through boom and bust periods. But the growth of artificial intelligence (AI) and its massive memory demands, particularly for high-bandwidth memory (HBM), have led to the biggest boom period yet.
Today’s Change
(-0.91%) $-6.07
Current Price
$660.52
Key Data Points
Market Cap
$752B
Day’s Range
$641.00 – $663.90
52wk Range
$83.36 – $667.67
Volume
291K
Avg Vol
42M
Gross Margin
58.54%
Dividend Yield
0.07%
In the second quarter of its 2026 fiscal year, Micron reported $23.9 billion in revenue. That was a 196% year-over-year increase, and Micron’s fourth consecutive quarterly revenue record.
Equally important for Micron investors is that memory demand continues to grow. Last month, the company confirmed that its entire HBM4 supply for 2026 was sold out under binding contracts. Customers are also now signing three- to five-year supply agreements. This is a significant structural shift from the previous trend of quarterly or annual contracts, and it should smooth out the demand volatility Micron previously faced.
Despite Micron’s recent growth, it’s trading at only 11 times forward earnings, which is bargain territory compared to most AI stocks. If it continues to meet or exceed expectations, there’s still plenty of growth potential left. The higher Micron’s price goes, the more likely a stock split…
