Erste Group Bank Has Positive Outlook for MU FY2026 Earnings

Posted by Stanley Muller on Jul 29th, 2026

Micron Technology, Inc. (NASDAQ:MU – Free Report) – Research analysts at Erste Group Bank upped their FY2026 EPS estimates for shares of Micron Technology in a research note issued to investors on Monday, July 27th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will earn $72.26 per share for the year, up from their previous estimate of $72.17. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $72.93 per share.

Several other research analysts have also issued reports on the company. Rosenblatt Securities raised their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. The Goldman Sachs Group increased their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Stifel Nicolaus raised their price objective on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Wolfe Research set a $1,500.00 price objective on Micron Technology in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and a consensus price target of $1,268.93.

View Our Latest Analysis on Micron Technology

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $820.53 on Wednesday. The stock has a market cap of $926.70 billion, a price-to-earnings ratio of 18.58 and a beta of 2.14. Micron Technology has a twelve month low of $103.38 and a twelve month high of $1,255.00. The company’s fifty day moving average is $973.08 and its 200 day moving average is $632.05. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the company. M.E. Allison & CO. Inc. lifted its stake in shares of Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after buying an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC grew its holdings in shares of Micron Technology by 1.4% during the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares during the last quarter. Red Door Wealth Management LLC increased its position in shares of Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after acquiring an additional 14 shares in the last quarter. Signature Equity Partners LLC increased its position in shares of Micron Technology by 6.3% during the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock worth $86,000 after acquiring an additional 15 shares in the last quarter. Finally, Madrona Financial Services LLC raised its holdings in shares of Micron Technology by 1.0% in the 2nd quarter. Madrona Financial Services LLC now owns 1,543 shares of the semiconductor manufacturer’s stock worth $1,781,000 after acquiring an additional 16 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Activity at Micron Technology

In other news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 204,179 shares of company stock worth $190,836,321 over the last three months. 0.24% of the stock is currently owned by company insiders.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Erste Group Bank raised its fiscal 2026 earnings estimate for Micron to $72.26 per share from $72.17 and maintained a “Buy” rating. The estimate remains close to the $72.93 analyst consensus.
Positive Sentiment: Micron’s latest quarterly results provide fundamental support: revenue increased 345.8% year over year to $41.46 billion, while earnings of $25.11 per share exceeded expectations by $3.72. Tight memory supply, AI data-center demand and contracted customer agreements could support continued pricing power. Micron: The Boom And Bust Memory Cycle Could Finally Be Dead
Positive Sentiment: Potential U.S. tariffs or restrictions on Chinese memory chips could reduce lower-cost competition from CXMT and YMTC, potentially strengthening Micron’s domestic market position, pricing power and margins. Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
Neutral Sentiment: SK Hynix’s quarterly revenue and profit growth missed elevated expectations. The disappointment initially pressured memory stocks, but it may also reinforce Micron’s relative appeal if Micron continues to execute better than peers. Why Micron Stock Is Rising After SK Hynix Fumbled Its Big Earnings Moment
Negative Sentiment: Investors are reducing exposure to AI-related semiconductor stocks amid concerns about excessive valuations, expensive data-center financing and a possible slowdown in AI spending. The broad chip sell-off has intensified pressure on MU. Chip Stocks Extend Pullback Amid AI Bubble Fears
Negative Sentiment: China’s ChangXin Memory Technologies received a strong Shanghai IPO reception, while reports of progress in Chinese semiconductor equipment raised fears that domestic competitors could narrow the technology gap and pressure Micron’s future market share and pricing. Why Micron Stock Just Dropped Again
Negative Sentiment: Insider selling added to investor concerns. CEO Sanjay Mehrotra sold shares worth roughly $37.3 million, while Chief Accounting Officer Scott Allen sold approximately $879,000. The transactions were disclosed after Micron’s substantial recent rally and may be interpreted as profit-taking, although both executives retained sizable positions. Micron CEO cashes out $37 million

About Micron Technology

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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.