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

Micron Technology (NASDAQ:MU) updated its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share 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 Upgrades and Downgrades

Several research firms have weighed in on MU. Wells Fargo & Company raised their price target on Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Royal Bank Of Canada lifted their price objective on Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Wedbush boosted their target price on Micron Technology from $500.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. DA Davidson assumed coverage on shares of Micron Technology in a research report on Monday, May 11th. They set a “buy” rating and a $1,000.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Micron Technology has an average rating of “Buy” and an average target price of $1,008.13.

Micron Technology Stock Down 1.3%

Micron Technology stock traded down $13.84 during midday trading on Wednesday, hitting $1,037.93. 58,310,323 shares of the company were exchanged, compared to its average volume of 44,979,086. The company has a market cap of $1.17 trillion, a PE ratio of 49.01 and a beta of 2.16. Micron Technology has a fifty-two week low of $103.38 and a fifty-two week high of $1,213.56. The company’s fifty day moving average price is $776.51 and its 200-day moving average price is $507.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Insider Activity

In related news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the 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 directly owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 146,000 shares of company stock worth $85,486,715. Company insiders own 0.24% of the company’s stock.

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?

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of the company. SWAN Capital LLC raised its position in shares of Micron Technology by 9.7% during the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock valued at $77,000 after acquiring an additional 24 shares in the last quarter. Vivaldi Capital Management LP lifted its stake in Micron Technology by 1.2% during the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock worth $561,000 after purchasing an additional 24 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in Micron Technology by 5.3% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 500 shares of the semiconductor manufacturer’s stock worth $143,000 after purchasing an additional 25 shares during the period. Alps Advisors Inc. increased its stake in Micron Technology by 0.9% during the fourth quarter. Alps Advisors Inc. now owns 2,927 shares of the semiconductor manufacturer’s stock valued at $835,000 after purchasing an additional 27 shares during the last quarter. Finally, Sunbeam Capital Management LLC increased its stake in Micron Technology by 0.9% during the fourth quarter. Sunbeam Capital Management LLC now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $861,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds 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.