Micron Has Entered Into Its Own Bear Market: Is a Stock Split Off the Table for 2026?

Micron Technology has entered a bear market, with shares down more than 20% from their all-time high of $1,255. The sharp decline makes a stock split in 2026 unlikely, as management typically avoids actions that could amplify volatility during periods of price weakness.

The pullback comes despite strong fundamental tailwinds. Micron has locked in 16 strategic customer agreements tied to AI data center demand, representing approximately $100 billion in cumulative revenue. The deals underscore the company's position in high-bandwidth memory needed for AI infrastructure, a segment that has driven optimism around the stock over the past year.

The bear market threshold—traditionally defined as a 20% decline from a peak—often triggers technical selling and renewed caution among momentum traders. Micron's previous stock split speculation was fueled by the run-up past $1,200 per share, but the current price action removes the urgency for such a move.

Management has not commented publicly on split timing, but historical patterns suggest companies prefer to announce splits during strength, not after sustained declines.