Micron Technology (NASDAQ:MU) Announces Earnings Results

Micron Technology (NASDAQ:MU) announced its quarterly earnings results on Wednesday. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.72 by $1.70, Briefing.com reports. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.03 EPS. 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 0.0%

MU stock opened at $1,065.11 on Thursday. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 0.67 and a beta of 2.22. The company has a fifty day moving average price of $952.75 and a 200 day moving average price of $814.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology has a 12 month low of $165.50 and a 12 month high of $1,255.00.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is 1.36%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on 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 completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MU. Wedbush reissued an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a research report on Monday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Susquehanna reiterated a “positive” rating on shares of Micron Technology in a research note on Thursday. Finally, Argus cut their price objective on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Forty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,350.59.

Key Micron Technology News

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

• Positive Sentiment: Micron reported adjusted EPS of $33.42 on $54.23 billion in revenue, exceeding consensus estimates of approximately $31.72 EPS and $51.33 billion in revenue. Revenue increased 379% year over year, driven by artificial-intelligence data-center demand and high-bandwidth memory (HBM). Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Fiscal first-quarter 2027 guidance was well above Wall Street expectations, with revenue projected at $60 billion-$63 billion versus a $57.2 billion consensus estimate and EPS of $37.15-$39.15 versus $35.36 expected. The outlook signals that AI-related memory demand and pricing power remain strong. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: More than 75% of Micron’s expected 2027 output is reportedly committed, while analysts see memory markets remaining tight into 2028. D.A. Davidson maintained a Buy rating and raised its price target to $2,100 from $2,000. D.A. Davidson raises Micron price target

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.