Micron Technology (NASDAQ:MU) Announces Q1 2027 Earnings Guidance

Micron Technology (NASDAQ:MU) updated its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 37.150-39.150 for the period, compared to the consensus EPS estimate of 35.360. The company issued revenue guidance of $60.0 billion-$63.0 billion, compared to the consensus revenue estimate of $57.2 billion.

Analyst Upgrades and Downgrades

MU has been the subject of several analyst reports. BNP Paribas Exane raised their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Susquehanna restated a “positive” rating on shares of Micron Technology in a report on Thursday. Daiwa Securities Group raised their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Argus decreased their price objective on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Finally, Robert W. Baird boosted their price objective on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday. Forty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,350.59.

Micron Technology Stock Up 0.0%

Shares of Micron Technology stock opened at $1,065.11 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market cap of $1.20 trillion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.67 and a beta of 2.22. The firm’s 50-day moving average is $952.75 and its two-hundred day moving average is $814.16. Micron Technology has a 1 year low of $165.50 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.72 by $1.70. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the previous year, the business posted $3.03 EPS. The company’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts expect that Micron Technology will post 73.12 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,879 shares of company stock worth $90,939,466 over the last quarter. Insiders own 0.24% of the company’s stock.

Micron Technology News Roundup

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.