Equities Analysts Offer Predictions for MU FY2027 Earnings

Micron Technology, Inc. (NASDAQ:MU) – Stock analysts at Erste Group Bank raised their FY2027 earnings per share estimates for Micron Technology in a research note issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will post earnings per share of $173.31 for the year, up from their previous estimate of $156.41. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $175.82 per share.

Several other brokerages also recently commented on MU. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Micron Technology in a research note on Thursday, October 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

MU opened at $953.19 on Wednesday. The firm has a market capitalization of $1.08 trillion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 0.17 and a beta of 2.22. The stock’s 50 day moving average price is $984.44 and its two-hundred day moving average price is $853.14. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology has a 12-month low of $186.25 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The firm’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS.

Institutional Investors Weigh In On Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of the business. Denali Advisors LLC acquired a new stake in Micron Technology in the second quarter worth about $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. grew its position in shares of Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares during the period. Legacy Wealth Management LLC MS raised its stake in shares of Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after buying an additional 35,691 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, 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 quarter, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by corporate insiders.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Earnings estimates and analyst support improved. Erste Group raised its FY2027 EPS forecast to $173.31 from $156.41 and maintained a Buy rating, while Rosenblatt reaffirmed its Buy rating with a $1,900 price target. Analysts remain bullish on Micron’s HBM4 ramp, higher 2027 contract pricing and potential margin expansion. Micron analyst estimates
• Positive Sentiment: Long-term customer agreements are reducing cycle risk. Micron has increased its strategic customer agreements to 26, up from 16 three months earlier. The contracts establish longer-term pricing frameworks, cover a significant portion of fiscal 2027 output and improve visibility into demand despite the memory market’s traditional cyclicality. Micron customer contracts article
• Positive Sentiment: Customer concentration risk has declined. Micron’s fiscal 2026 annual report showed that no individual customer represented at least 10% of revenue, compared with one customer accounting for 17% the prior year. Elon Musk also praised Micron’s relatively reasonable approach to future memory pricing, potentially supporting long-term customer relationships. Elon Musk Micron pricing article
• Positive Sentiment: Capital returns provide valuation support. Micron authorized approximately $35 billion in share repurchases, signaling management’s confidence in cash generation and potentially creating demand for the shares.
• Neutral Sentiment: Micron’s fiscal fourth-quarter revenue reached $54.23 billion, up 379% year over year, while adjusted EPS exceeded expectations. However, the stock’s low forward earnings multiple also reflects investor concern that these results may represent peak-cycle profitability.
• Negative Sentiment: China competition is the primary source of selling pressure. ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target server memory. Investors fear that successful commercialization could eventually pressure Micron’s pricing power and margins, although production scale, yields and customer validation remain unproven. Chinese competition and Micron article
• Negative Sentiment: Additional risks include a possible labor strike at Micron’s Taoyuan, Taiwan facility, the $600 million Netlist patent settlement payable over five years, and profit-taking after the stock’s substantial year-to-date advance.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.