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

17 Dec 2025, 22:44 by Mitch Edgeman · The Markets Daily

Micron Technology (NASDAQ:MU – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 8.220-8.620 for the period, compared to the consensus EPS 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 Stock Down 2.9%

Micron Technology stock traded down $6.80 during trading hours on Wednesday, hitting $225.71. The company had a trading volume of 37,844,729 shares, compared to its average volume of 23,606,766. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $264.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a market capitalization of $253.73 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 0.38 and a beta of 1.54. The firm’s fifty day moving average is $224.96 and its 200-day moving average is $162.38.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts forecast that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Analysts Set New Price Targets

Several research analysts have issued reports on MU shares. BNP Paribas Exane upgraded Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research note on Monday, October 13th. Rosenblatt Securities reiterated a “buy” rating and set a $300.00 target price on shares of Micron Technology in a research report on Monday. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. UBS Group reaffirmed a “buy” rating and set a $295.00 price objective on shares of Micron Technology in a research note on Thursday, December 11th. Finally, Stifel Nicolaus lifted their target price on shares of Micron Technology from $195.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $242.79.

Read Our Latest Research Report on MU

Insider Activity at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 384,852 shares of company stock worth $81,806,895. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

A number of hedge funds have recently modified their holdings of MU. Captrust Financial Advisors raised 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 during the period. Tcfg Wealth Management LLC raised its holdings in shares of Micron Technology by 128.6% in the third quarter. Tcfg Wealth Management LLC now owns 3,865 shares of the semiconductor manufacturer’s stock valued at $647,000 after purchasing an additional 2,174 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of Micron Technology by 194.4% in the third quarter. Hancock Whitney Corp now owns 61,303 shares of the semiconductor manufacturer’s stock valued at $10,257,000 after purchasing an additional 40,478 shares during the last quarter. Abel Hall LLC bought a new stake in shares of Micron Technology in the third quarter worth $246,000. Finally, Palisade Asset Management LLC acquired a new position in Micron Technology during the third quarter worth $195,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Company Profile

(Get Free Report)

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.