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

Key Points

• Micron Technology raised its Q4 2026 guidance, forecasting EPS of 30.00 to 32.00 versus the 24.30 consensus estimate. Revenue guidance of $49.0 billion to $51.0 billion also came in well above the $41.6 billion forecast.
• Analysts remain broadly bullish on MU, with multiple firms lifting price targets sharply and the stock carrying a consensus “Buy” rating. The average price target now sits at $1,008.13.
• The stock was volatile ahead of earnings, with investors balancing strong AI-driven demand expectations against concerns about valuation and a possible near-term pullback in the memory-chip rally.

Micron Technology (NASDAQ:MU - Get Free Report) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MU. Morgan Stanley boosted their price objective on shares of Micron Technology from $520.00 to $1,050.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 3rd. TD Cowen upped their price objective on shares of Micron Technology from $660.00 to $1,500.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Wells Fargo & Company boosted their target price on Micron Technology from $550.00 to $1,220.00 and gave the company an "overweight" rating in a report on Monday, June 8th. Barclays boosted their price objective on Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Finally, Summit Insights lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $1,008.13.

Micron Technology Stock Performance

MU traded down $13.84 during trading on Wednesday, reaching $1,037.93. The company's stock had a trading volume of 58,310,323 shares, compared to its average volume of 44,979,086. Micron Technology has a 52-week low of $103.38 and a 52-week high of $1,213.56. The company's fifty day moving average price is $776.51 and its 200-day moving average price is $507.79. The company has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 49.01 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Insiders Place Their Bets

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 24,000 shares of the company's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,000 shares of company stock valued at $85,486,715 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Micron Technology News Summary

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

• Positive Sentiment: Several analysts and market commentators remain bullish on Micron’s AI-driven growth, citing stronger-than-expected data center demand, “full stack” technology, and a potential memory supply squeeze that could support earnings through 2028. Burke: MU Unsung Earnings Potential in Data Centers & "Full Stack" Technology
• Positive Sentiment: Wall Street has continued to raise price targets and highlight multi-year demand visibility for Micron, reinforcing the view that AI memory and HBM demand remain strong. Micron Technology (MU) Higher Target Reflects Multi-Year Demand Visibility, Needham Says
• Positive Sentiment: Micron’s recent Anthropic-related deal and broader AI infrastructure spending have kept investors focused on long-term memory demand, which could help support revenue and margins if execution stays strong. Micron Stock (MU) Soars 7% on Surprise Anthropic Deal Days Before Earnings
• Neutral Sentiment: Micron’s earnings report after the close is expected to drive a large post-earnings move, with options pricing signaling elevated volatility rather than a clear directional bias. Micron Options Traders Brace for Massive Earnings Swing
• Neutral Sentiment: Broader markets have been bouncing after a tech-led selloff, but investors remain focused on Micron for clues about whether the AI spending boom is still intact. Nervous investors await Micron earnings as chip sector whipsaws
• Negative Sentiment: A steep selloff in South Korean chip stocks, including SK Hynix and Samsung, has fueled fears that the memory-chip rally is overheating and could drag MU lower near term. KOSPI Selloff Is Bad News for Micron as SK Hynix, Samsung Dive
• Negative Sentiment: Some strategists and price-prediction pieces argue Micron’s rally has outrun fundamentals, warning that margins could compress if hyperscalers seek alternatives and expectations remain stretched. Micron Price Prediction: The Forecast Flags a Big Pullback
• Negative Sentiment: Pre-earnings profit-taking and concerns about a high valuation have also weighed on MU as traders position defensively before the results. Why Is Micron Technology Stock Surging Wednesday?

Institutional Investors Weigh In On Micron Technology

Several institutional investors and hedge funds have recently made changes to their positions in MU. WealthCollab LLC increased its holdings in Micron Technology by 4,500.0% during 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. lifted its holdings in shares of Micron Technology by 205.5% in the third quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 150 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $37,000. Strive Financial Group LLC acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $38,000. Finally, Strive Asset Management LLC purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $39,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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