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

Micron Technology (NASDAQ:MU) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 8.220-8.620 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

MU has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $300.00 price objective on shares of Micron Technology in a research report on Monday. Summit Insights raised Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company upped their price objective on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $254.93.

Micron Technology Stock Down 3.0%

NASDAQ:MU opened at $225.52 on Thursday. Micron Technology has a one year low of $61.54 and a one year high of $264.75. 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 company has a market cap of $253.51 billion, a PE ratio of 29.71, a P/E/G ratio of 0.34 and a beta of 1.54. The firm’s 50 day simple moving average is $225.54 and its 200 day simple moving average is $162.83.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter last year, the firm earned $1.79 earnings per share. The company’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, research analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction 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 $34,345,047.45. This represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 383,650 shares of company stock worth $81,602,339 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently bought and sold shares of MU. WealthCollab LLC grew its stake in shares of Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 270 shares during the period. Osterweis Capital Management Inc. grew its stake in 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 acquiring an additional 150 shares during the period. Strive Asset Management LLC bought a new stake in shares of Micron Technology during the third quarter valued at approximately $39,000. Johnson Financial Group Inc. raised its position in shares of Micron Technology by 57.0% during the third quarter. Johnson Financial Group Inc. now owns 1,011 shares of the semiconductor manufacturer’s stock worth $169,000 after purchasing an additional 367 shares during the period. Finally, Adalta Capital Management LLC bought a new position in shares of Micron Technology in the 3rd quarter worth $176,000. 80.84% of the stock is owned by institutional investors.

About Micron Technology

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.