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

Micron Technology, Inc. (NASDAQ:MU) – Stock analysts at Erste Group Bank lifted their FY2026 earnings per share (EPS) estimates for shares of Micron Technology in a research report issued to clients and investors on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the semiconductor manufacturer will post earnings of $72.34 per share for the year, up from their previous forecast of $72.22. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $72.98 per share.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

MU has been the topic of a number of other research reports. 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. Citigroup reduced their price objective on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Rosenblatt Securities boosted their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. BMO Capital Markets assumed coverage on shares of Micron Technology in a research report on Friday, August 21st. They set an “outperform” rating and a $1,300.00 target price for the company. Finally, Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,295.63.

Micron Technology Stock Up 2.7%

Shares of NASDAQ MU opened at $1,043.49 on Tuesday. The stock has a market capitalization of $1.18 trillion, a PE ratio of 23.62, a P/E/G ratio of 0.64 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $930.16 and a 200-day moving average of $780.85. Micron Technology has a 52-week low of $154.65 and a 52-week high of $1,255.00.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently made changes to their positions in the business. Silicon Valley Capital Partners grew its position in Micron Technology by 12.3% in the 2nd quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock worth $8,527,000 after purchasing an additional 809 shares during the last quarter. Wellington Altus USA Inc. lifted its holdings in shares of Micron Technology by 497.7% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock worth $2,442,000 after acquiring an additional 1,762 shares during the period. IKE Capital LLC acquired a new stake in shares of Micron Technology during the 2nd quarter valued at about $629,000. Anchor Investment Management LLC boosted its position in shares of Micron Technology by 2.0% during the 2nd quarter. Anchor Investment Management LLC now owns 12,303 shares of the semiconductor manufacturer’s stock valued at $14,201,000 after acquiring an additional 243 shares in the last quarter. Finally, Reynders McVeigh Capital Management LLC bought a new stake in Micron Technology in the second quarter valued at about $439,000. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Analyst support is strengthening. Stifel maintained a Buy rating and set a $1,500 price target, while Erste Group Bank modestly raised its FY2026 EPS forecast to $72.34 from $72.22. The estimate remains close to the $72.98 consensus. Why is Micron stock gaining today?
• Positive Sentiment: Memory supply constraints are supporting pricing and margins. Reports indicate Micron’s HBM capacity is sold out through 2027, with customers seeking additional supply. Take-or-pay agreements and constrained industry capacity could help sustain pricing even if revenue growth moderates. HBM sold out through 2027
• Positive Sentiment: AI demand and upcoming earnings are major catalysts. Investors expect another earnings beat, supported by data-center spending, stronger DRAM market share and new advanced-memory products. Options markets imply unusually high volatility around the September 30 report. Why Micron stock options signal a move after Q4 results
• Neutral Sentiment: Valuation and expectations are becoming more demanding. Bullish investors see substantial upside from the AI memory cycle, but MU has already delivered a substantial advance, leaving the earnings report and forward guidance important for justifying further gains.
• Negative Sentiment: China’s CXMT presents a longer-term competitive risk. CXMT says it has begun mass production of fifth-generation DRAM, potentially improving wafer yields, power efficiency and costs. If its technology scales, it could pressure Micron’s market share and pricing over time. China’s CXMT says it has reached advanced DRAM mass production

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.