Micron Technology (NASDAQ:MU) Issues 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 guidance of 30.000-32.000 for the period, compared to the consensus earnings per share 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.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $1,037.93 on Thursday. The stock has a market cap of $1.17 trillion, a PE ratio of 49.01 and a beta of 2.16. 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 fifty-two week low of $103.38 and a fifty-two week high of $1,213.56. The stock has a fifty day moving average of $788.74 and a 200-day moving average of $513.50.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $20.98 by $4.13. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the business earned $1.91 EPS. The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts anticipate that Micron Technology will post 60.34 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s payout ratio is presently 2.83%.

Wall Street Analyst Weigh In

MU has been the topic of a number of research analyst reports. Summit Insights downgraded Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Bank of America lifted their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group set a $1,100.00 price target on Micron Technology in a report on Thursday. Rosenblatt Securities boosted their price target on Micron Technology from $600.00 to $1,200.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Cantor Fitzgerald lifted their price target on shares of Micron Technology from $700.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $1,084.80.

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 in the last three months. Insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron posted record Q3 revenue of $41.46 billion and non-GAAP EPS of $25.11, far above Wall Street estimates, showing the AI memory boom is translating into explosive profitability.
• Positive Sentiment: The company guided Q4 EPS to $30-$32 and revenue to $49-$51 billion, well ahead of consensus, reinforcing confidence that demand is still accelerating.
• Positive Sentiment: Management said customers have committed roughly $22 billion in advance orders for future memory supply, signaling strong visibility and durable demand from AI infrastructure customers.
• Positive Sentiment: Analysts and market commentary turned more bullish after the report, with several price target hikes and notes suggesting Micron could be in a multi-year “sweet spot” for memory pricing and margins.

Institutional Investors Weigh In On Micron Technology

A number of large investors have recently bought and sold shares of MU. SWAN Capital LLC lifted its stake in 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 during the period. Vivaldi Capital Management LP boosted its holdings in Micron Technology by 1.2% in the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock valued at $561,000 after purchasing an additional 24 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its position in Micron Technology by 5.3% during the 4th 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. raised its stake in shares of Micron Technology by 0.9% during the 4th quarter. Alps Advisors Inc. now owns 2,927 shares of the semiconductor manufacturer’s stock valued at $835,000 after buying an additional 27 shares during the last quarter. Finally, Sunbeam Capital Management LLC lifted its holdings in shares of Micron Technology by 0.9% in the 4th quarter. Sunbeam Capital Management LLC now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $861,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

About Micron Technology

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.