Micron Technology (NASDAQ:MU) Issues Q1 2026 Earnings Guidance

Micron Technology (NASDAQ:MU) updated its first quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 3.600-3.900 for the period, compared to the consensus EPS estimate of 2.960. The company issued revenue guidance of $12.2 billion-$12.8 billion, compared to the consensus revenue estimate of $11.9 billion.

Wall Street Analyst Weigh In

MU has been the topic of several analyst reports. Raymond James Financial increased their price target on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen increased their price target on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Arete Research raised Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. CLSA initiated coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target on the stock. Finally, The Goldman Sachs Group increased their price target on Micron Technology from $130.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has an average rating of “Moderate Buy” and an average target price of $184.77.

Micron Technology Trading Down 2.8%

MU stock opened at $161.71 on Thursday. The company’s 50-day simple moving average is $126.57 and its 200-day simple moving average is $107.07. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology has a 52-week low of $61.54 and a 52-week high of $170.45. The firm has a market cap of $180.97 billion, a P/E ratio of 21.31 and a beta of 1.47.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 22.84% and a return on equity of 17.69%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. During the same period in the prior year, the company posted $0.62 EPS. As a group, equities analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 8.29%.

Insider Activity

In related news, CFO Mark J. Murphy sold 34,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the transaction, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,946 shares of company stock valued at $32,306,159. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Micron Technology in the 2nd quarter valued at about $729,000. Monetary Management Group Inc. lifted its stake in Micron Technology by 14.3% in the 2nd quarter. Monetary Management Group Inc. now owns 4,800 shares of the semiconductor manufacturer’s stock valued at $592,000 after buying an additional 600 shares in the last quarter. Finally, Sender Co & Partners Inc. purchased a new position in Micron Technology in the 2nd quarter valued at about $534,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.