Micron Technology (NASDAQ:MU) Releases Q1 2027 Earnings Guidance

Micron Technology (NASDAQ:MU) updated its first quarter 2027 earnings guidance on Wednesday. The company provided EPS guidance of 37.150-39.150 for the period, compared to the consensus estimate of 35.360. The company issued revenue guidance of $60.0 billion-$63.0 billion, compared to the consensus revenue estimate of $57.2 billion.

Analyst Ratings Changes

A number of brokerages have weighed in on MU. JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Bank of America lifted their target price on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. HSBC upped their price target on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Daiwa Securities Group lifted their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, UBS Group reissued a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,348.03.

Micron Technology Stock Up 0.0%

Micron Technology stock traded up $0.03 during midday trading on Wednesday, hitting $1,065.11. 24,984,714 shares of the stock were exchanged, compared to its average volume of 41,879,957. Micron Technology has a 1 year low of $165.50 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market cap of $1.20 trillion, a P/E ratio of 24.11, a P/E/G ratio of 0.66 and a beta of 2.22. The company has a 50 day moving average price of $950.64 and a two-hundred day moving average price of $809.51.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Allen sold 879 shares of the company’s stock in a transaction that occurred on 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 approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Key Micron Technology News

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

• Positive Sentiment: AI demand and tight supply support the bull case. Analysts and market commentators expect strong demand for DRAM and high-bandwidth memory used in AI data centers, potentially giving Micron greater pricing power and supporting revenue, margins and cash flow. Micron’s AI Boom Isn’t Done Yet
• Positive Sentiment: Expectations remain elevated for a strong quarter and outlook. Wall Street is looking beyond the fiscal fourth-quarter results to Micron’s November-quarter guidance, particularly whether gross margins can remain near historically high levels as AI-related demand expands. JPMorgan has suggested the company could deliver a “beat and raise,” while also pointing to potential increases in dividends or buybacks. JPMorgan Sees Micron Positioned for Beat-and-Raise
• Positive Sentiment: Options positioning and ETF interest are supportive. Options activity is skewed bullish ahead of the report, while Micron’s large weight in memory- and semiconductor-focused ETFs has increased its importance to broader technology investors. Micron Options Chain Skews Bullish
• Neutral Sentiment: Volatility is likely to remain high. Traders are pricing in a sizable post-earnings move after Micron’s substantial 2026 rally, making forward guidance more important than the reported quarter itself. Softer U.S. inflation data has also improved the broader technology-market backdrop.
• Negative Sentiment: Investors are concerned that memory pricing momentum may cool. Rising non-HBM DRAM supply from China, slowing spot and contract-price growth, and weaker demand outside AI could pressure Micron’s pricing power and gross margins. Why I Wouldn’t Own Micron Into Print
• Negative Sentiment: Legal and valuation risks add downside pressure. Netlist is seeking a U.S. import ban covering certain Micron chips used in AI products, while investor Michael Burry has reportedly shifted to put options, underscoring skepticism after the stock’s extraordinary advance. Netlist Seeks U.S. Import Ban on Micron Chips

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.