Micron Technology (MU) to Post Earnings on Wednesday

Key Points

• Micron is scheduled to report fiscal Q4 2026 results after the market closes on September 30. Analysts expect earnings of $31.43 per share and revenue of approximately $50.82 billion.
• The company’s latest quarter significantly exceeded expectations, with EPS of $25.11 versus a $21.39 consensus and revenue of $41.46 billion, up 345.8% year over year.
• AI-driven memory demand is supporting investor optimism, particularly for high-bandwidth memory, but elevated expectations, potential labor disruption in Taiwan and longer-term competition from China’s CXMT create downside risks. Analysts collectively rate the stock “Buy,” with an average price target of $1,295.63.

Micron Technology (NASDAQ:MU - Get Free Report) is projected to issue its Q4 2026 results after the market closes on Wednesday, September 30th. Analysts expect the company to announce earnings of $31.43 per share and revenue of $50.8218 billion for the quarter. Interested persons can check the company's upcoming Q4 2026 earning report page for the latest details on the call scheduled for Wednesday, September 30, 2026 at 4:30 PM ET.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.91 EPS. On average, analysts expect Micron Technology to post $73 EPS for the current fiscal year and $159 EPS for the next fiscal year.

Micron Technology Stock Up 5.0%

Shares of NASDAQ MU opened at $1,096.16 on Wednesday. The company has a market cap of $1.24 trillion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.66 and a beta of 2.22. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $932.42 and a two-hundred day moving average price of $785.75. Micron Technology has a 12 month low of $154.65 and a 12 month high of $1,255.00.

Analyst Ratings Changes

MU has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Wells Fargo & Company upped their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on Micron Technology in a research note on Thursday, June 25th. The Goldman Sachs Group raised their price objective on Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $1,295.63.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: AI memory demand remains the primary catalyst. Analysts and market coverage point to strong data-center spending, constrained DRAM and NAND supply, and robust demand for high-bandwidth memory (HBM). Reports indicate Micron’s HBM capacity is sold out through 2027, supporting pricing power and potentially higher margins. HBM Sold Out Through 2027
• Positive Sentiment: Optimism is building ahead of earnings. Micron is expected to report higher fiscal Q4 earnings, with several analysts maintaining Buy ratings or raising estimates and price targets. The stock also moved above an early technical buy point, reinforcing momentum-oriented investor interest. Micron Q4 Earnings Forecasts
• Positive Sentiment: Sector momentum is helping MU. The broader AI trade pushed the Nasdaq to records, while bullish coverage of peer SanDisk helped lift the memory-chip group. Micron’s strong recent earnings growth and institutional interest, including a reported addition by Gabelli Global Growth Fund, further supported sentiment. Micron vs. SanDisk
• Neutral Sentiment: Investors face elevated earnings volatility. Options markets reportedly imply a sizable move after the September 30 results. While bullish forecasts see additional upside, some analysts warn that expectations and the recent rally could produce a post-earnings pullback even if Micron delivers strong results. Micron Earnings Risk
• Negative Sentiment: A potential Taiwan plant strike is a near-term risk. Employees reportedly seek a recurring 15% profit-sharing arrangement. A work stoppage or higher labor costs could disrupt production and reduce the benefit of current AI-driven pricing strength. Micron Taiwan Labor Dispute
• Negative Sentiment: China’s CXMT is a longer-term competitive threat. CXMT says it has begun mass production of advanced DRAM, potentially improving supply and pressuring Micron’s market share and pricing power from 2027 onward. CXMT Advanced DRAM Production

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Scott Allen sold 879 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by insiders.

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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