Micron Technology (NASDAQ:MU) Issues Q3 2026 Earnings Guidance

09 Apr 2026, 19:28 by Tristan Rich · The Markets Daily

Micron Technology (NASDAQ:MU – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 18.750-19.550 for the period, compared to the consensus EPS estimate of 10.500. The company issued revenue guidance of $32.8 billion-$34.3 billion, compared to the consensus revenue estimate of $22.4 billion.

Micron Technology Price Performance

Shares of NASDAQ:MU traded up $13.82 during trading hours on Thursday, hitting $420.55. 32,833,427 shares of the company’s stock traded hands, compared to its average volume of 40,765,602. Micron Technology has a 52 week low of $65.64 and a 52 week high of $471.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company’s fifty day simple moving average is $401.66 and its two-hundred day simple moving average is $304.60. The company has a market cap of $474.27 billion, a price-to-earnings ratio of 19.79 and a beta of 1.60.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be given a dividend of $0.15 per share. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is 2.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MU shares. Susquehanna raised their price objective on shares of Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a research report on Monday, March 9th. Mizuho raised their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Barclays raised their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Royal Bank Of Canada raised their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Finally, Sanford C. Bernstein raised their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus price target of $464.61.

Read Our Latest Stock Analysis on Micron Technology

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 91,623 shares valued at $35,053,508. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology News Summary

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

Positive Sentiment: Micron issued overwhelmingly strong fiscal-Q3 guidance (EPS range 18.75–19.55 vs. consensus ~10.50; revenue guidance ~$32.8B–$34.3B vs. consensus ~$22.4B), signaling outsized near-term revenue and margin beats that support a re-rating of the stock.
Positive Sentiment: UBS lifted its price target and reiterated a Buy, citing a memory “super‑cycle” and improved pricing — a high‑profile analyst upgrade that likely boosted buying interest. Micron price target boosted by UBS as memory “super-cycle” defies norms
Positive Sentiment: Strategic moves to expand the AI ecosystem and capacity — a strategic investment in SiMa.ai and community/megafab plans in New York, plus the acquisition of Powerchip’s Taichung P5 site to expand DRAM/HBM footprint in Taiwan — reinforce long‑term supply alignment with AI demand. Micron Expands AI Ecosystem With Edge Partner And New York Megafab Plans Micron Expands Taiwan DRAM Footprint To Capture Long Term AI Demand
Positive Sentiment: MarketBeat and other outlets point to heavy institutional accumulation and technical signals that institutions are buying into the bottom — this supports momentum and liquidity for further gains. The Bottom Is in for Micron Stock: 3 Signals to Buy Now
Neutral Sentiment: Multiple analysts and outlets are debating valuation and upside after a massive move (several pieces note ~120%+ six‑month rallies); coverage is constructive but implies sensitivity to execution and HBM pricing. Micron Stock (MU) Rallies 124% in Six Months – Is There More Upside Left?
Neutral Sentiment: Analyst notes and deep-dive pieces highlight structural AI-driven memory demand and multi‑year deals; these are positive for long-term earnings but rely on sustained pricing and a multi‑year supply/demand imbalance. Micron: The Memory Bottleneck Is Shifting – And Market Hasn’t Caught Up
Negative Sentiment: Short‑term headwinds: news that a Middle East cease‑fire might ease helium constraints led to premarket weakness earlier (helium affects chip production throughput), showing how geopolitical/supply headlines can quickly dent sentiment. Stocks to Watch: Disney, Constellation, Micron
Negative Sentiment: Analysts and commentators still warn of high volatility and the risk of mean reversion after a very large rally; investors should watch HBM pricing trends and Micron’s production ramp cadence for signs of sustained margin strength. Micron Rallies 123% in Six Months: Should You Still Buy the Stock?

Institutional Trading of Micron Technology

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares in the last quarter. Morgan Stanley lifted its position in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after purchasing an additional 794,289 shares in the last quarter. Northern Trust Corp lifted its position in shares of Micron Technology by 1.9% in the fourth quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock worth $3,040,858,000 after purchasing an additional 194,550 shares in the last quarter. Boston Partners lifted its position in shares of Micron Technology by 11.6% in the third quarter. Boston Partners now owns 5,306,063 shares of the semiconductor manufacturer’s stock worth $894,884,000 after purchasing an additional 550,284 shares in the last quarter. Finally, Amundi lifted its position in shares of Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after purchasing an additional 1,965,319 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Company Profile

(Get Free Report)

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.