Micron Technology (NASDAQ:MU) Shares Up 15.7% After Earnings Beat

Micron Technology, Inc. (NASDAQ:MU)’s stock price was up 15.7% during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $1,255.00 and last traded at $1,213.56. 81,443,586 shares traded hands during trading, an increase of 79% from the average session volume of 45,406,031 shares. The stock had previously closed at $1,048.51.

The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $20.98 by $4.13. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the company earned $1.91 EPS. Micron Technology’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be given a $0.15 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.0%. Micron Technology’s payout ratio is 2.83%.

Key Micron Technology News

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

• Positive Sentiment: Micron beat Q3 estimates by a wide margin, with revenue of $41.46 billion and adjusted EPS of $25.11, showing that AI-driven DRAM and NAND demand is still accelerating. Reuters: Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Management guided Q4 revenue to $49 billion-$51 billion and EPS to $30-$32, far above Wall Street expectations, reinforcing the view that the AI memory cycle has more room to run. GlobeNewswire: Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026
• Positive Sentiment: Analysts quickly raised price targets after the report, with several firms citing stronger visibility from long-term customer agreements and persistent supply shortages. Proactive Investors: Micron shares surge to all-time high as Wall Street cheers unprecedented contract visibility
• Positive Sentiment: Micron said customers have committed billions of dollars years in advance for memory supply, suggesting AI infrastructure demand is still outpacing capacity and supporting the stock’s higher valuation. Benzinga: Micron Says AI Customers Are Paying Billions Today For Memory They Won’t Get Until Years Later

Analysts Set New Price Targets

MU has been the subject of several analyst reports. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group raised their price objective on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday. Mizuho boosted their price target on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Melius Research assumed coverage on shares of Micron Technology in a report on Monday, April 27th. They set a “buy” rating and a $700.00 price objective for the company. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $1,184.13.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents 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 valued at $85,486,715 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. High Note Wealth LLC boosted its stake in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its position in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the 1st quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. boosted its position in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Finally, Bayban acquired a new position in Micron Technology during the 4th quarter worth approximately $29,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 15.7%

The company has a market capitalization of $1.37 trillion, a P/E ratio of 57.30 and a beta of 2.16. The firm’s 50 day moving average price is $788.74 and its two-hundred day moving average price is $513.50. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

Micron Technology Company Profile

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.