Micron Technology (NASDAQ:MU) Updates Q4 2026 Earnings Guidance

Micron Technology (NASDAQ:MU) issued an update on its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 30.000-32.000 for the period, compared to the consensus estimate of 24.300. The company issued revenue guidance of $49.0 billion-$51.0 billion, compared to the consensus revenue estimate of $41.6 billion.

Analyst Ratings Changes

MU has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on Micron Technology from $525.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. JPMorgan Chase & Co. raised their target price 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. Wedbush lifted their target price on shares of Micron Technology from $500.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Wells Fargo & Company lifted their target price on shares of Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Raymond James Financial increased their price target on Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a report on Monday, June 1st. 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 stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus target price of $1,008.13.

Micron Technology Stock Performance

Shares of NASDAQ MU traded down $13.84 during trading on Wednesday, hitting $1,037.93. The company had a trading volume of 61,254,296 shares, compared to its average volume of 45,012,508. The stock has a 50 day simple moving average of $776.51 and a 200 day simple moving average of $507.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology has a 12 month low of $103.38 and a 12 month high of $1,213.56. The firm has a market capitalization of $1.17 trillion, a P/E ratio of 49.01 and a beta of 2.16.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 146,000 shares of company stock worth $85,486,715 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

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?

Hedge Funds Weigh In On Micron Technology

Institutional investors have recently bought and sold shares of the business. WealthCollab LLC lifted its holdings 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 acquiring an additional 270 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of Micron Technology by 205.5% in the 3rd quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 150 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new position in shares of Micron Technology in the 4th quarter worth approximately $37,000. Strive Financial Group LLC purchased a new position in shares of Micron Technology in the 4th quarter worth approximately $38,000. Finally, Strive Asset Management LLC bought a new position in shares of Micron Technology during the 3rd quarter valued at approximately $39,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Company Profile

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.