Micron Technology (NASDAQ:MU) Updates Q2 2026 Earnings Guidance

Micron Technology (NASDAQ:MU - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 8.220-8.620 for the period, compared to the consensus earnings per share estimate of 4.270. The company issued revenue guidance of $18.3 billion-$19.1 billion, compared to the consensus revenue estimate of $14.0 billion.

Wall Street Analysts Forecast Growth

• How These 2 Stocks Won 2025's AI Race—And What's In Store for 2026

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of Micron Technology from $195.00 to $240.00 and gave the company an "overweight" rating in a research note on Monday, October 20th. Morgan Stanley lifted their price objective on shares of Micron Technology to $338.00 and gave the company an "overweight" rating in a research report on Monday, November 24th. Bank of America upped their price objective on Micron Technology from $140.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, September 24th. KeyCorp boosted their price target on shares of Micron Technology from $160.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Finally, Needham & Company LLC raised their price objective on Micron Technology from $200.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $242.79.

Get Our Latest Research Report on MU

Micron Technology Stock Performance

• Beyond the Magnificent 7: Meet 3 of Tech’s Rising Stars

Shares of MU stock traded down $6.99 during midday trading on Wednesday, hitting $225.52. The company had a trading volume of 36,000,791 shares, compared to its average volume of 23,606,766. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a market cap of $253.51 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 0.38 and a beta of 1.54. Micron Technology has a 52-week low of $61.54 and a 52-week high of $264.75. The company's 50 day simple moving average is $224.96 and its 200 day simple moving average is $162.38.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business's revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts anticipate that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

• MarketBeat Week in Review – 12/1 - 12/5

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology's payout ratio is currently 6.06%.

Insider Buying and Selling

In other news, EVP Scott J. Deboer sold 82,000 shares of the business's stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares of the company's stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 384,852 shares of company stock worth $81,806,895. Company insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MU. AQR Capital Management LLC increased its holdings in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock valued at $606,873,000 after purchasing an additional 2,918,535 shares during the last quarter. Voloridge Investment Management LLC increased its stake in Micron Technology by 1,064.3% during the third quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer's stock worth $218,264,000 after purchasing an additional 1,192,433 shares during the period. Orbis Allan Gray Ltd grew its stake in shares of Micron Technology by 50.2% in the second quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer's stock worth $426,165,000 after acquiring an additional 1,156,086 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of 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. Finally, Canada Pension Plan Investment Board increased its position 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 during the last quarter. 80.84% of the stock is currently owned by institutional investors.

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.

Featured Stories

• Five stocks we like better than Micron Technology
• Investing In Preferred Stock vs. Common Stock
• Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock
• Growth Investing: Should You Adopt This Investing Strategy in 2022?
• Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish
• What is a Special Dividend?
• Is Tesla Overvalued? 2 Reasons It Might Be a Bargain

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Micron Technology Right Now?

Before you consider Micron Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Micron Technology wasn't on the list.

While Micron Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here