Micron Technology (NASDAQ:MU) Issues Q1 2026 Earnings Guidance

Key Points

• Micron Technology updated its Q1 2026 earnings guidance, projecting an EPS of 3.600-3.900 against a consensus estimate of 2.960, and revenue between $12.2 billion and $12.8 billion, surpassing the consensus of $11.9 billion.
• The stock price of Micron Technology surged by $1.79, reaching $166.41, amidst a trading volume significantly above its average.
• Analysts have mixed ratings for Micron, with a notable increase in price targets, including a boost from Stifel Nicolaus from $145.00 to $173.00, marking a buy rating.

Micron Technology (NASDAQ:MU - Get Free Report) updated its first quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 3.600-3.900 for the period, compared to the consensus EPS estimate of 2.960. The company issued revenue guidance of $12.2 billion-$12.8 billion, compared to the consensus revenue estimate of $11.9 billion.

Micron Technology Stock Performance

MU stock traded up $1.79 on Tuesday, hitting $166.41. The company's stock had a trading volume of 40,005,656 shares, compared to its average volume of 22,907,039. The firm has a 50 day moving average of $124.74 and a two-hundred day moving average of $106.27. Micron Technology has a 1 year low of $61.54 and a 1 year high of $170.45. The stock has a market cap of $186.23 billion, a price-to-earnings ratio of 29.98 and a beta of 1.47. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.09. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were paid a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.

Analysts Set New Price Targets

MU has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on shares of Micron Technology from $145.00 to $173.00 and gave the company a "buy" rating in a report on Monday. KGI Securities downgraded shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Bank of America boosted their price target on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. KeyCorp boosted their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Robert W. Baird boosted their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and an average price target of $165.54.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the sale, the director owned 20,146 shares in the company, valued at approximately $2,330,287.82. The trade was a 10.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the completion of the transaction, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. This represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 255,946 shares of company stock valued at $32,306,159 in the last ninety days. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently made changes to their positions in MU. WealthCollab LLC grew its holdings in Micron Technology by 4,500.0% during the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 270 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Micron Technology by 11.0% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,021 shares of the semiconductor manufacturer's stock valued at $372,000 after acquiring an additional 299 shares during the period. Onex Canada Asset Management Inc. increased its stake in shares of Micron Technology by 1.7% in the second quarter. Onex Canada Asset Management Inc. now owns 20,404 shares of the semiconductor manufacturer's stock valued at $2,515,000 after buying an additional 341 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in Micron Technology by 1.9% during the second quarter. Modern Wealth Management LLC now owns 19,332 shares of the semiconductor manufacturer's stock worth $2,383,000 after buying an additional 359 shares during the last quarter. Finally, Monetary Management Group Inc. lifted its holdings in shares of Micron Technology by 14.3% during the 2nd quarter. Monetary Management Group Inc. now owns 4,800 shares of the semiconductor manufacturer's stock valued at $592,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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