Micron Technology (NASDAQ:MU) Issues Quarterly Earnings Results

Micron Technology (NASDAQ:MU) issued its quarterly earnings data on Wednesday. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65, Briefing.com reports. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 110.90% and a net margin of 63.80%.The company’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.03 earnings per share. Micron Technology updated its Q1 2027 guidance to 37.150-39.150 EPS.

Here are the key takeaways from Micron Technology’s conference call:

• Record fiscal Q4 results: Revenue reached $54.2 billion, up 31% sequentially, while gross margin was 87% and non-GAAP EPS was $33.42, all exceeding the high end of guidance.
• Management expects fiscal 2027 to be stronger than fiscal 2026, with sequential revenue growth each quarter and gross margin expected to rise after fiscal Q1. It cited sustained AI-driven demand and supply constraints through calendar 2027 and 2028.
• AI-related products are accelerating, with HBM revenue growing faster than company revenue and most 2027 HBM supply already contracted at significantly higher prices. Data center SSD revenue also exceeded $10 billion in fiscal Q4, more than 10 times the year-earlier level.
• Micron has signed 26 strategic customer agreements representing an estimated 35% of revenue through 2030, with $32 billion in customer financial commitments and approximately $150 billion in remaining performance obligations.
• Micron plans to increase fiscal 2027 capital spending, particularly construction investment, while operating expenses are projected to rise by approximately $2.5 billion. Fiscal Q1 gross margin is expected to be about 86.25%, pressured by roughly $1 billion in higher costs including incentive compensation and startup expenses.

Micron Technology Stock Up 3.0%

NASDAQ:MU opened at $1,097.39 on Friday. Micron Technology has a twelve month low of $179.61 and a twelve month high of $1,255.00. The company has a market cap of $1.24 trillion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.66 and a beta of 2.22. The stock has a fifty day simple moving average of $954.89 and a 200-day simple moving average of $818.89. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group set a $1,250.00 target price on Micron Technology in a research report on Thursday. Itau BBA Securities lifted their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Rosenblatt Securities boosted their price objective on shares of Micron Technology from $1,500.00 to $1,900.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America boosted their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, UBS Group reissued a “buy” rating and issued a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. Forty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,378.08.

Insider Transactions at Micron Technology

In related news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 95,879 shares of company stock worth $90,939,466. 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: Record earnings beat expectations. Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding consensus estimates of $51.33 billion and $31.77, respectively. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Upbeat guidance reinforces the AI growth story. Micron forecast fiscal Q1 2027 revenue of $60 billion to $63 billion and EPS of $37.15 to $39.15, both well above Wall Street expectations. Data-center revenue reportedly increased roughly elevenfold, driven by high-bandwidth memory (HBM) and other AI infrastructure demand. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Memory supply is expected to remain tight. Management said more than 75% of fiscal 2027 output is already committed, with customer discussions extending into 2028. Tight DRAM, NAND and HBM supply is supporting pricing power and potentially higher margins over the next several years. Micron Says Memory Supply Will Be Much Tighter in 2028
• Positive Sentiment: Analysts raised targets and capital returns may increase. Several firms reiterated Buy or Outperform ratings, with targets ranging from $1,500 to $2,100. Micron also plans to increase shareholder returns beginning December 9, primarily through share repurchases, after generating $62.3 billion in fiscal 2026 adjusted free cash flow. Micron Plans to Put Its Excess Cash Into Buybacks

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.