Should I Sell MU Stock as NAND Prices Slow Despite Record Revenue?

Should I sell MU stock right now? For most long term holders, the answer is no, at least not yet. Micron earnings hit a record $54.23 billion in revenue for Q4 fiscal 2026, and the company now expects tight memory supply through 2028. The real risk is Micron NAND prices, as Kioxia warned of slower price gains, along with fresh questions over AI spending. MU stock today trades at $884.74, and the Micron stock forecast from analysts still points higher, with a few warning signs attached.

Also Read: 5 Wall Street Firms Cut Google Stock Price Target After Crash

Micron Stock Outlook: NAND Prices, AI Spending And Earnings

MU stock today sits about 27% below its 12-month high of $1,213.56, but it is also up roughly 339% from the low of $201.37. That huge swing is the main reason so many holders now ask, “Should I sell MU stock and lock in my gains?” The chart below shows the full ride.

Record Micron Earnings And An Even Stronger Outlook

Micron posted $133.19 billion in revenue for fiscal 2026, and it guided for about $61.5 billion in Q1 fiscal 2027 revenue, give or take $1.5 billion. Long term supply deals also cover more than 35% of revenue through 2030.

Sanjay Mehrotra, Chairman and CEO of Micron Technology, said:

“Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027. AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers’ platforms. We are increasing our investments in technology, products and manufacturing to help drive SI forward with our customers, and our Strategic Customer Agreements provide added confidence in the durability of Micron’s financial performance.”

Those contracts are the strongest reply to anyone asking, “Should I sell MU stock before the cycle turns?”

Micron NAND Prices Slow As AI Spending Gets Tested

The pressure comes from rivals right now. SK Hynix talked up tight memory markets, but Kioxia warned of slower NAND price gains, and Intel flagged high memory costs. That mix of signals is exactly why “Should I sell MU stock?” keeps popping up this week.

Softer Micron NAND prices would land at an awkward time, since Micron carries a heavy capital spending load. A pullback in AI capex, or faster price cuts from SK Hynix, Samsung or Kioxia, would hit that same contract base. So far, the noise has not clearly changed Micron’s own demand outlook. Still, if Micron NAND prices keep cooling into 2027, the answer to selling MU stock could flip fast.

Should I Sell MU Stock? What The Micron Stock Forecast Says

The main Micron stock forecast tracked by Simply Wall St calls for $320.4 billion in revenue and $217.9 billion in earnings by 2029. On that view, fair value sits around 76% above the current price. The most cautious analysts expect only about $236.3 billion in revenue and $207.2 billion in earnings, with a P/E near 6x. One of 28 other fair value estimates even shows 38% downside. For anyone asking, “Should I sell MU stock?”, that gap is the number to watch.

Also Read: Nvidia Stock Falls as Chip Index Sinks 6.8% on AI Spending Fears

So, should I sell MU stock? If you believe AI demand keeps memory tight, the contracts and guidance support holding. If you bought near the $1,213 peak and can’t handle another steep drop, trimming part of the position is a fair middle ground. With MU stock today well off its highs, the next round of Micron earnings, and also any fresh NAND pricing data, will likely decide which camp ends up right.