Micron Technology (NASDAQ:MU) Releases Q1 2027 Earnings Guidance

Micron Technology (NASDAQ:MU) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 37.150-39.150 for the period, compared to the consensus estimate of 35.360. The company issued revenue guidance of $60.0 billion-$63.0 billion, compared to the consensus revenue estimate of $57.2 billion.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Itau BBA Securities boosted their target price on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. BNP Paribas Exane lifted their price target on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. TD Cowen reissued a “buy” rating and issued a $1,600.00 price target (up from $1,500.00) on shares of Micron Technology in a research note on Wednesday, September 16th. Morgan Stanley upped their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company cut their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,348.03.

Micron Technology Trading Up 0.0%

Shares of MU traded up $0.03 during trading hours on Wednesday, hitting $1,065.11. The stock had a trading volume of 26,444,126 shares, compared to its average volume of 41,879,957. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm has a market cap of $1.20 trillion, a P/E ratio of 24.11, a P/E/G ratio of 0.66 and a beta of 2.22. The company’s fifty day simple moving average is $950.64 and its 200 day simple moving average is $809.51. Micron Technology has a 12-month low of $165.50 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.72 by $1.47. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts forecast that Micron Technology will post 73.08 EPS for the current fiscal year.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,879 shares of company stock valued at $90,939,466 in the last three months. Corporate insiders own 0.24% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: AI demand and tight supply support the bull case. Analysts and market commentators expect strong demand for DRAM and high-bandwidth memory used in AI data centers, potentially giving Micron greater pricing power and supporting revenue, margins and cash flow. Micron’s AI Boom Isn’t Done Yet
• Positive Sentiment: Expectations remain elevated for a strong quarter and outlook. Wall Street is looking beyond the fiscal fourth-quarter results to Micron’s November-quarter guidance, particularly whether gross margins can remain near historically high levels as AI-related demand expands. JPMorgan has suggested the company could deliver a “beat and raise,” while also pointing to potential increases in dividends or buybacks. JPMorgan Sees Micron Positioned for Beat-and-Raise
• Positive Sentiment: Options positioning and ETF interest are supportive. Options activity is skewed bullish ahead of the report, while Micron’s large weight in memory- and semiconductor-focused ETFs has increased its importance to broader technology investors. Micron Options Chain Skews Bullish
• Neutral Sentiment: Volatility is likely to remain high. Traders are pricing in a sizable post-earnings move after Micron’s substantial 2026 rally, making forward guidance more important than the reported quarter itself. Softer U.S. inflation data has also improved the broader technology-market backdrop.
• Negative Sentiment: Investors are concerned that memory pricing momentum may cool. Rising non-HBM DRAM supply from China, slowing spot and contract-price growth, and weaker demand outside AI could pressure Micron’s pricing power and gross margins. Why I Wouldn’t Own Micron Into Print
• Negative Sentiment: Legal and valuation risks add downside pressure. Netlist is seeking a U.S. import ban covering certain Micron chips used in AI products, while investor Michael Burry has reportedly shifted to put options, underscoring skepticism after the stock’s extraordinary advance. Netlist Seeks U.S. Import Ban on Micron Chips

Micron Technology Company Profile

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.