FY2026 EPS Forecast for Micron Technology Boosted by Analyst

Key Points

• Erste Group Bank raised Micron’s FY2026 EPS forecast to $72.34 from $72.22, maintaining a Buy rating; the estimate remains near the $72.98 analyst consensus.
• Micron’s latest quarter significantly exceeded expectations, with EPS of $25.11 versus the $21.39 consensus and revenue of $41.46 billion versus $35.91 billion, representing 345.8% year-over-year growth.
• Analyst sentiment remains broadly bullish, with the stock carrying an average Buy rating and a $1,295.63 target price, although elevated valuation and longer-term competition from China’s CXMT pose risks.

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Analysts at Erste Group Bank upped their FY2026 earnings estimates for shares of Micron Technology in a research report issued to clients and investors on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the semiconductor manufacturer will post earnings per share of $72.34 for the year, up from their prior estimate of $72.22. Erste Group Bank has a "Buy" rating on the stock. The consensus estimate for Micron Technology's current full-year earnings is $72.98 per share.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates 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 was up 345.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

A number of other brokerages have also issued reports on MU. Wells Fargo & Company increased their price objective on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Bank of America raised their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. UBS Group reiterated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Cantor Fitzgerald restated an "overweight" rating and set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $1,295.63.

Micron Technology Stock Performance

NASDAQ MU opened at $1,043.49 on Tuesday. The business has a 50-day moving average price of $930.16 and a 200-day moving average price of $780.85. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. Micron Technology has a twelve month low of $154.65 and a twelve month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. M.E. Allison & CO. Inc. boosted its stake in shares of Micron Technology by 0.8% during 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 acquiring an additional 11 shares during 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 worth $1,122,000 after buying an additional 13 shares in the last quarter. Bellevue Asset Management LLC raised its position in shares of Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock valued at $74,000 after buying an additional 13 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Micron Technology by 8.8% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer's stock valued at $186,000 after buying an additional 13 shares during the period. Finally, Red Door Wealth Management LLC boosted its position in 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 during the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,204 shares of company stock valued at $182,156,264 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is currently 1.36%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analyst support is strengthening. Stifel maintained a Buy rating and set a $1,500 price target, while Erste Group Bank modestly raised its FY2026 EPS forecast to $72.34 from $72.22. The estimate remains close to the $72.98 consensus. Why is Micron stock gaining today?
• Positive Sentiment: Memory supply constraints are supporting pricing and margins. Reports indicate Micron’s HBM capacity is sold out through 2027, with customers seeking additional supply. Take-or-pay agreements and constrained industry capacity could help sustain pricing even if revenue growth moderates. HBM sold out through 2027
• Positive Sentiment: AI demand and upcoming earnings are major catalysts. Investors expect another earnings beat, supported by data-center spending, stronger DRAM market share and new advanced-memory products. Options markets imply unusually high volatility around the September 30 report. Why Micron stock options signal a move after Q4 results
• Neutral Sentiment: Valuation and expectations are becoming more demanding. Bullish investors see substantial upside from the AI memory cycle, but MU has already delivered a substantial advance, leaving the earnings report and forward guidance important for justifying further gains.
• Negative Sentiment: China’s CXMT presents a longer-term competitive risk. CXMT says it has begun mass production of fifth-generation DRAM, potentially improving wafer yields, power efficiency and costs. If its technology scales, it could pressure Micron’s market share and pricing over time. China’s CXMT says it has reached advanced DRAM mass production

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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