Micron Technology (NASDAQ:MU) Updates Q4 2026 Earnings Guidance

Micron Technology (NASDAQ:MU) issued an update on its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 30.000-32.000 for the period, compared to the consensus earnings per share estimate of 24.300. The company issued revenue guidance of $49.0 billion-$51.0 billion, compared to the consensus revenue estimate of $41.6 billion.

Micron Technology Trading Up 15.7%

MU opened at $1,213.56 on Friday. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 27.47 and a beta of 2.16. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. Micron Technology has a 12 month low of $103.38 and a 12 month high of $1,255.00. The stock has a fifty day moving average price of $803.70 and a 200-day moving average price of $520.37.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 82.33%. The firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the previous year, the firm earned $1.91 EPS. The company’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts anticipate that Micron Technology will post 60.62 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.0%. Micron Technology’s payout ratio is currently 2.83%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a report on Tuesday, May 12th. Finally, Rosenblatt Securities lifted their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $1,228.30.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the sale, the chief executive officer directly owned 387,064 shares of the company’s stock, valued at approximately $371,728,524.32. This trade represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,000 shares of company stock valued at $85,486,715 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

More Micron Technology News

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

• Positive Sentiment: Micron reported record Q3 revenue of $41.46 billion and adjusted EPS of $25.11, far above estimates, showing explosive demand for AI-related memory chips.
• Positive Sentiment: Management issued very strong Q4 guidance, signaling that tight memory supply and strong pricing power could continue into the next quarter.
• Positive Sentiment: The company highlighted $22 billion of customer commitments and long-term strategic agreements, which improve visibility and reduce the old boom-bust narrative around memory chips.
• Positive Sentiment: Analysts responded with multiple target hikes and bullish ratings, reinforcing confidence that Micron is becoming a core AI infrastructure beneficiary.
• Positive Sentiment: Micron’s results also lifted the broader chip sector, with other memory and semiconductor stocks rallying on the view that AI memory demand remains very strong.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MU. State Street Corp increased its stake in Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares during the last quarter. Morgan Stanley lifted its stake in shares of Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock valued at $3,040,858,000 after purchasing an additional 194,550 shares during the last quarter. Boston Partners grew its holdings in shares of Micron Technology by 11.6% during the 3rd quarter. Boston Partners now owns 5,306,063 shares of the semiconductor manufacturer’s stock worth $894,884,000 after purchasing an additional 550,284 shares during the period. Finally, Amundi grew its holdings in shares of Micron Technology by 65.0% during the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after purchasing an additional 1,965,319 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

About Micron Technology

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.