Micron Technology (NASDAQ:MU – Get Free Report) posted its quarterly earnings results on Wednesday. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates of $20.98 by $4.13, FiscalAI reports. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the business posted $1.91 EPS. The firm’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology updated its Q4 2026 guidance to 30.000-32.000 EPS.
Here are the key takeaways from Micron Technology’s conference call:
- Micron reported record fiscal Q3 results, with revenue of $41.5 billion, gross margin of 84.9%, and EPS of $25.11 all above the high end of guidance. The company also guided fiscal Q4 revenue to another record $50 billion, plus or minus $1 billion.
- The company said it has signed 16 strategic customer agreements (SCAs) covering data center, consumer, auto, and other markets, which it believes will transform its business model. Management said these agreements represent about 20% of DRAM volume and one-third of NAND volume over the period, with roughly $22 billion in deposits and financial commitments tied to them.
- Micron emphasized that AI-driven demand is keeping DRAM and NAND supply tight and expects those conditions to persist beyond calendar 2027. Management said supply growth is structurally constrained by long fab build times, complex technology transitions, and HBM’s increasing wafer intensity.
- Technology execution remains strong, with 1-gamma DRAM and G9 NAND ramping well and HBM4 volume ramping faster than HBM3E, including over $1 billion in HBM4 revenue already shipped. Micron also said its next-generation DRAM and NAND nodes remain on track for volume production in the second half of calendar 2027.
- Micron is expanding capacity through major fab investments in Idaho, New York, Taiwan, Japan, Singapore, and Virginia, while keeping capital spending disciplined. It plans fiscal Q4 capex of about $10 billion and said it intends to increase capital returns beginning after the December 2026 CHIPS-related milestone.
Micron Technology Trading Down 1.3%
NASDAQ MU opened at $1,037.93 on Thursday. The firm has a market cap of $1.17 trillion, a P/E ratio of 49.01 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The stock’s 50-day moving average is $788.74 and its 200-day moving average is $513.50. Micron Technology has a one year low of $103.38 and a one year high of $1,213.56.
Micron Technology Announces Dividend
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron posted record Q3 revenue of $41.46 billion and non-GAAP EPS of $25.11, far above Wall Street estimates, showing the AI memory boom is translating into explosive profitability.
- Positive Sentiment: The company guided Q4 EPS to $30-$32 and revenue to $49-$51 billion, well ahead of consensus, reinforcing confidence that demand is still accelerating.
- Positive Sentiment: Management said customers have committed roughly $22 billion in advance orders for future memory supply, signaling strong visibility and durable demand from AI infrastructure customers.
- Positive Sentiment: Analysts and market commentary turned more bullish after the report, with several price target hikes and notes suggesting Micron could be in a multi-year “sweet spot” for memory pricing and margins.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on MU shares. JPMorgan Chase & Co. increased their target price on Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Citigroup boosted their target price on Micron Technology from $840.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Needham & Company LLC upped their price target on Micron Technology from $500.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus increased their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Raymond James Financial set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,084.80.
Get Our Latest Report on Micron Technology
Insiders Place Their Bets
In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly owned 424,503 shares in the company, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 146,000 shares of company stock valued at $85,486,715 over the last 90 days. 0.24% of the stock is owned by company insiders.
Institutional Investors Weigh In On Micron Technology
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthCollab LLC lifted its position in Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 270 shares in the last quarter. Osterweis Capital Management Inc. boosted its stake in Micron Technology by 205.5% in the 3rd quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 150 shares during the period. Wilkerson Advisory Group LLC bought a new position in Micron Technology during the 4th quarter worth about $37,000. Strive Financial Group LLC bought a new position in Micron Technology during the 4th quarter worth about $38,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Micron Technology in the 3rd quarter valued at about $39,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Micron Technology Company Profile
Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.
Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.
Featured Articles
- Five stocks we like better than Micron Technology
- Washington’s Quantum Push Puts IBM and IonQ on the Throne
- FedEx’s Earnings Drop May Be Missing the Bigger Freight Story
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.
