FY2026 EPS Forecast for Micron Technology Raised by Analyst

Micron Technology, Inc. (NASDAQ:MU) – Erste Group Bank lifted their FY2026 EPS estimates for Micron Technology in a research report issued on Wednesday, February 18th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will earn $31.99 per share for the year, up from their previous forecast of $31.89. The consensus estimate for Micron Technology’s current full-year earnings is $6.08 per share. Erste Group Bank also issued estimates for Micron Technology’s FY2027 earnings at $42.01 EPS.

MU has been the topic of several other research reports. Susquehanna boosted their price target on Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Wells Fargo & Company upped their target price on Micron Technology from $335.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Citigroup raised their price target on shares of Micron Technology from $330.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Cantor Fitzgerald lifted their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, Stifel Nicolaus increased their price objective on shares of Micron Technology from $300.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $358.38.

Micron Technology Price Performance

Shares of MU opened at $428.17 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The company’s fifty day moving average price is $351.28 and its 200-day moving average price is $243.56. Micron Technology has a 1-year low of $61.54 and a 1-year high of $455.50. The firm has a market capitalization of $481.91 billion, a PE ratio of 40.70 and a beta of 1.51.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same period last year, the business earned $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were given a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 4.37%.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Teyin M. Liu acquired 11,600 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were bought at an average cost of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the acquisition, the director owned 14,310 shares in the company, valued at approximately $4,823,471.70. This trade represents a 428.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the sale, the executive vice president owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently added to or reduced their stakes in MU. Cambient Family Office LLC acquired a new position in Micron Technology during the fourth quarter worth $657,000. Wick Capital Partners LLC purchased a new stake in shares of Micron Technology during the fourth quarter worth about $7,122,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Micron Technology during the fourth quarter worth about $1,698,000. Compound Planning Inc. raised its position in shares of Micron Technology by 22.2% during the 4th quarter. Compound Planning Inc. now owns 13,837 shares of the semiconductor manufacturer’s stock worth $3,949,000 after purchasing an additional 2,517 shares during the last quarter. Finally, TMB Capital Partners LLC purchased a new position in Micron Technology in the 4th quarter valued at about $250,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Analysts and media point to surging AI/data‑center memory demand and near-term supply constraints that support higher DRAM/HBM pricing and revenue upside for Micron. What’s Going On With Micron Stock Friday?
• Positive Sentiment: Recent analyst activity: Needham raised its price target to $450, and at least one upgrade was reported this week, boosting near‑term sentiment and trading interest. Needham & Company LLC Raises Micron Technology (NASDAQ:MU) Price Target to $450.00
• Positive Sentiment: Management reassured investors at a recent conference that HBM4 development is on track (no delays), reducing a key execution risk for high‑margin AI memory products. Micron Shareholders Received Amazing News at a Recent Investor Conference
• Positive Sentiment: Coverage and screen attention (Zacks, Yahoo trending stories) have elevated flows and retail/institutional interest, amplifying momentum. Here is What to Know Beyond Why Micron Technology, Inc. (MU) is a Trending Stock
• Neutral Sentiment: Barron’s notes increased retail accumulation in several high‑profile tech names, including Micron—this can fuel rallies but also raise volatility. Tesla Stock Falls. Why Retail Investors Keep Buying Alongside Micron, Microsoft, Others.
• Neutral Sentiment: Valuation checks: commentary notes strong share‑price momentum and lofty multiples tied to AI expectations—important context but not an immediate driver. Micron Technology (MU) Valuation Check After Strong Share Price Momentum And AI Memory Expectations
• Negative Sentiment: Some analysts and market commentators warn the rally resembles a late‑cycle “melt‑up” and caution against chasing the move; that raises downside risk if memory pricing or sentiment reverses. Micron: Melt-Up Looks Late Cycle; Don’t Chase This Rally Any Further
• Negative Sentiment: Micron remains a cyclical semiconductor play; long‑term gains depend on sustained AI infrastructure build‑out and memory pricing—cyclical downturns could erase gains. Is Micron Technology a Buy?

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.