Micron Technology (NASDAQ:MU) Issues Q2 2026 Earnings Guidance

Micron Technology (NASDAQ:MU) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 8.220-8.620 for the period, compared to the consensus estimate of 4.270. The company issued revenue guidance of $18.3 billion-$19.1 billion, compared to the consensus revenue estimate of $14.0 billion.

Micron Technology Trading Up 10.2%

NASDAQ:MU opened at $248.55 on Friday. Micron Technology has a 12 month low of $61.54 and a 12 month high of $264.75. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $226.67 and its 200 day moving average is $163.42. The stock has a market capitalization of $279.40 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 0.33 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 23.56% and a net margin of 28.15%.The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. The business’s revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be given a $0.115 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s payout ratio is 6.06%.

Analyst Upgrades and Downgrades

MU has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday. Stifel Nicolaus raised their price target on Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Bank of America upgraded Micron Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $300.00 in a research note on Thursday. Itau BBA Securities restated an “outperform” rating on shares of Micron Technology in a research note on Thursday. Finally, Cowen reiterated a “buy” rating on shares of Micron Technology in a research report on Thursday, December 11th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $282.61.

Insider Activity at Micron Technology

In other news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 369,852 shares of company stock valued at $79,364,303. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors boosted its stake in shares of Micron Technology by 22.6% in the 3rd quarter. Captrust Financial Advisors now owns 68,292 shares of the semiconductor manufacturer’s stock valued at $11,427,000 after purchasing an additional 12,581 shares in the last quarter. Tcfg Wealth Management LLC lifted its stake in Micron Technology by 128.6% in the third quarter. Tcfg Wealth Management LLC now owns 3,865 shares of the semiconductor manufacturer’s stock worth $647,000 after purchasing an additional 2,174 shares during the last quarter. Hancock Whitney Corp boosted its position in Micron Technology by 194.4% during the third quarter. Hancock Whitney Corp now owns 61,303 shares of the semiconductor manufacturer’s stock valued at $10,257,000 after buying an additional 40,478 shares during the period. Abel Hall LLC bought a new position in shares of Micron Technology during the third quarter valued at about $246,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Micron Technology in the third quarter worth about $195,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Company Profile

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.