Micron Technology (NASDAQ:MU) Releases Earnings Results, Beats Expectations By $978.02 EPS

Micron Technology (NASDAQ:MU) issued its quarterly earnings results on Wednesday. The semiconductor manufacturer reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $20.98 by $978.02, Zacks reports. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.

Micron Technology Stock Performance

Micron Technology stock traded down $13.84 during mid-day trading on Wednesday, reaching $1,037.93. The company’s stock had a trading volume of 46,256,825 shares, compared to its average volume of 44,878,984. Micron Technology has a 12-month low of $103.38 and a 12-month high of $1,213.56. The company has a market capitalization of $1.17 trillion, a P/E ratio of 49.01 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The firm’s fifty day moving average price is $776.51 and its two-hundred day moving average price is $507.79.

Micron Technology News Summary

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

• Positive Sentiment: Several analysts and market commentators remain bullish on Micron’s AI-driven growth, citing stronger-than-expected data center demand, “full stack” technology, and a potential memory supply squeeze that could support earnings through 2028. Burke: MU Unsung Earnings Potential in Data Centers & “Full Stack” Technology
• Positive Sentiment: Wall Street has continued to raise price targets and highlight multi-year demand visibility for Micron, reinforcing the view that AI memory and HBM demand remain strong. Micron Technology (MU) Higher Target Reflects Multi-Year Demand Visibility, Needham Says
• Positive Sentiment: Micron’s recent Anthropic-related deal and broader AI infrastructure spending have kept investors focused on long-term memory demand, which could help support revenue and margins if execution stays strong. Micron Stock (MU) Soars 7% on Surprise Anthropic Deal Days Before Earnings
• Neutral Sentiment: Micron’s earnings report after the close is expected to drive a large post-earnings move, with options pricing signaling elevated volatility rather than a clear directional bias. Micron Options Traders Brace for Massive Earnings Swing
• Neutral Sentiment: Broader markets have been bouncing after a tech-led selloff, but investors remain focused on Micron for clues about whether the AI spending boom is still intact. Nervous investors await Micron earnings as chip sector whipsaws
• Negative Sentiment: A steep selloff in South Korean chip stocks, including SK Hynix and Samsung, has fueled fears that the memory-chip rally is overheating and could drag MU lower near term. KOSPI Selloff Is Bad News for Micron as SK Hynix, Samsung Dive
• Negative Sentiment: Some strategists and price-prediction pieces argue Micron’s rally has outrun fundamentals, warning that margins could compress if hyperscalers seek alternatives and expectations remain stretched. Micron Price Prediction: The Forecast Flags a Big Pullback
• Negative Sentiment: Pre-earnings profit-taking and concerns about a high valuation have also weighed on MU as traders position defensively before the results. Why Is Micron Technology Stock Surging Wednesday?

Analysts Set New Price Targets

A number of brokerages have issued reports on MU. Wolfe Research upped their price objective on Micron Technology from $550.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. boosted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. KeyCorp increased their price target on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Mizuho lifted their price objective on shares of Micron Technology to $800.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus price target of $1,008.13.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MU. Compound Planning Inc. grew its holdings in shares of Micron Technology by 22.2% during the fourth quarter. Compound Planning Inc. now owns 13,837 shares of the semiconductor manufacturer’s stock worth $3,949,000 after purchasing an additional 2,517 shares in the last quarter. TMB Capital Partners LLC purchased a new stake in Micron Technology in the fourth quarter valued at approximately $250,000. Axxcess Wealth Management LLC raised its stake in Micron Technology by 27.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 16,213 shares of the semiconductor manufacturer’s stock valued at $4,627,000 after purchasing an additional 3,533 shares in the last quarter. Alberta Investment Management Corp bought a new stake in Micron Technology during the fourth quarter valued at approximately $4,681,000. Finally, Strive Financial Group LLC bought a new stake in Micron Technology during the fourth quarter valued at approximately $38,000. Institutional investors own 80.84% of the company’s stock.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.