What is Erste Group Bank’s Forecast for MU FY2026 Earnings?

Micron Technology, Inc. (NASDAQ:MU) – Equities researchers at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for Micron Technology in a research report issued to clients and investors on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the semiconductor manufacturer will post earnings per share of $58.58 for the year, up from their previous forecast of $57.40. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $59.12 per share. Erste Group Bank also issued estimates for Micron Technology’s FY2027 earnings at $102.14 EPS.

Several other brokerages have also issued reports on MU. Raymond James Financial increased their price objective on Micron Technology from $530.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Susquehanna increased their price objective on Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Wells Fargo & Company increased their price objective on Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank Of Canada increased their price objective on Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, TD Cowen increased their price objective on Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $707.63.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $891.88 on Thursday. The stock has a market cap of $1.01 trillion, a PE ratio of 42.11 and a beta of 2.16. The business has a fifty day simple moving average of $652.14 and a 200-day simple moving average of $454.31. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology has a 12 month low of $103.38 and a 12 month high of $1,089.29.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. The business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.Micron Technology’s revenue was up 196 compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 earnings per share.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio is 2.83%.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the firm’s 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 transaction, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’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 transaction, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. This trade represents 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 have sold 146,000 shares of company stock valued at $85,486,715 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of the stock. FAS Wealth Partners Inc. bought a new position in Micron Technology during the first quarter valued at about $336,000. Rathbones Group PLC raised its holdings in Micron Technology by 31.4% during the first quarter. Rathbones Group PLC now owns 27,152 shares of the semiconductor manufacturer’s stock valued at $9,173,000 after buying an additional 6,487 shares in the last quarter. Positano Wealth Management Ltd raised its holdings in Micron Technology by 54.7% during the first quarter. Positano Wealth Management Ltd now owns 22,733 shares of the semiconductor manufacturer’s stock valued at $7,680,000 after buying an additional 8,041 shares in the last quarter. Wealthquest Corp bought a new position in Micron Technology during the first quarter valued at about $305,000. Finally, Parallel Advisors LLC raised its holdings in Micron Technology by 26.7% during the first quarter. Parallel Advisors LLC now owns 18,868 shares of the semiconductor manufacturer’s stock valued at $6,374,000 after buying an additional 3,979 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Micron continues to benefit from strong AI-memory demand, with multiple recent articles highlighting HBM, server DRAM, and SSD exposure as key drivers of the company’s growth. Micron’s Parabolic Run May Have More Room To Go
• Positive Sentiment: Analysts remain broadly constructive: Goldman Sachs and Wells Fargo both raised price targets, reinforcing the view that earnings and AI demand can still support further upside. Micron Technology To $900? Here Are 10 Top Analyst Forecasts For Wednesday
• Positive Sentiment: Micron also announced it selected Bechtel for the first phase of its New York semiconductor campus, a sign that its U.S. manufacturing expansion is moving forward. Micron Selects Bechtel as Construction Partner for Historic New York Semiconductor Project
• Neutral Sentiment: Micron added a high-profile AI/cloud executive, Dr. Alexis Black Björlin, to its board of directors, which supports the company’s strategic positioning but is not a near-term financial catalyst. Micron Appoints Alexis Black Björlin to Board of Directors
• Neutral Sentiment: Several upbeat commentary pieces and momentum screens continue to frame MU as a top AI-infrastructure winner, but these are largely sentiment-driven rather than new operational disclosures. Micron & 2 Momentum Stocks to Buy Now for Explosive Upside
• Negative Sentiment: Shares are being dragged lower along with other AI hardware names as investors react to Super Micro’s stock sale, hotter inflation data, and geopolitical tensions, sparking a broader selloff in semiconductors. Stock Market Today, June 10: Super Micro Computer, Nvidia, Micron Fall as Risk-Off Mood Intensifies
• Negative Sentiment: The stock’s strong run has also left it vulnerable to profit-taking, with some analysts warning that expectations are very high heading into Micron’s June 24 earnings report. Is Micron’s Stock Price Dip a Buying Opportunity?

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.