Micron Technology (NASDAQ:MU) Issues Q4 2025 Earnings Guidance

Key Points

• Micron Technology revised its Q4 2025 earnings guidance, projecting earnings per share between $2.780 and $2.920, exceeding the consensus estimate of $2.666.
• The company also expects revenue for the quarter to be between $11.1 billion and $11.3 billion, compared to a consensus estimate of $10.9 billion.
• Micron's stock analysts have a consensus rating of "Moderate Buy" with an average target price of $147.24, with significant upward adjustments in price targets from firms like KeyCorp and Piper Sandler.

Micron Technology (NASDAQ:MU - Get Free Report) updated its fourth quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.780-2.920 for the period, compared to the consensus estimate of 2.666. The company issued revenue guidance of $11.1 billion-$11.3 billion, compared to the consensus revenue estimate of $10.9 billion.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MU. Wall Street Zen upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Barclays increased their price objective on shares of Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 price objective on shares of Micron Technology in a report on Monday, August 11th. Citigroup raised their target price on shares of Micron Technology from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Stifel Nicolaus raised their target price on shares of Micron Technology from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Micron Technology has an average rating of "Moderate Buy" and an average price target of $147.24.

Micron Technology Stock Down 3.5%

Shares of MU stock traded down $4.42 during trading on Friday, hitting $120.87. 18,964,487 shares of the company were exchanged, compared to its average volume of 20,422,110. The firm has a market capitalization of $135.27 billion, a price-to-earnings ratio of 21.78 and a beta of 1.37. The business's 50-day simple moving average is $118.02 and its 200 day simple moving average is $99.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. Micron Technology has a twelve month low of $61.54 and a twelve month high of $129.85.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Insider Activity

In other news, EVP Manish H. Bhatia sold 80,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the sale, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 286,042 shares of company stock valued at $34,679,277. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently modified their holdings of MU. Rafferty Asset Management LLC boosted its stake in Micron Technology by 37.9% during the second quarter. Rafferty Asset Management LLC now owns 4,129,707 shares of the semiconductor manufacturer's stock worth $508,986,000 after buying an additional 1,134,311 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Micron Technology by 50.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer's stock valued at $426,165,000 after purchasing an additional 1,156,086 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Micron Technology by 2.5% in the 2nd quarter. California State Teachers Retirement System now owns 1,748,204 shares of the semiconductor manufacturer's stock valued at $215,466,000 after purchasing an additional 42,468 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Micron Technology by 11.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,588,665 shares of the semiconductor manufacturer's stock valued at $195,819,000 after purchasing an additional 163,449 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Micron Technology by 198.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,588,355 shares of the semiconductor manufacturer's stock valued at $195,765,000 after purchasing an additional 1,056,884 shares in the last quarter. Institutional investors and hedge funds 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.