MU Stock - Micron Technology, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $37.38B | $25.11B | $15.54B | $30.76B | $27.70B |
| Gross Profit | $14.87B | $5.61B | $-1,416,000,000 | $13.90B | $10.42B |
| Gross Margin | 39.8% | 22.4% | -9.1% | 45.2% | 37.6% |
| Operating Income | $9.87B | $1.30B | $-5,745,000,000 | $9.70B | $6.28B |
| Net Income | $8.54B | $778.00M | $-5,833,000,000 | $8.69B | $5.86B |
| Net Margin | 22.8% | 3.1% | -37.5% | 28.2% | 21.2% |
| EPS | $7.65 | $0.70 | $-5.34 | $7.81 | $5.23 |
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 18th 2025 | BofA Securities | Upgrade | Buy | $300 |
| December 18th 2025 | TD Cowen | Reiterated | Buy | $300← $275 |
| December 16th 2025 | Needham | Reiterated | Buy | $300← $200 |
| December 9th 2025 | HSBC Securities | Initiation | Buy | $330 |
| December 2nd 2025 | Wolfe Research | Reiterated | Outperform | $300← $200 |
| November 20th 2025 | UBS | Reiterated | Buy | $275← $245 |
| November 19th 2025 | TD Cowen | Reiterated | Buy | $275← $200 |
| October 16th 2025 | UBS | Reiterated | Buy | $245← $225 |
| October 14th 2025 | New Street | Downgrade | Neutral | - |
| October 13th 2025 | BNP Paribas Exane | Upgrade | Outperform | $270 |
| October 8th 2025 | UBS | Reiterated | Buy | $225← $195 |
| October 7th 2025 | Itau BBA | Initiation | Outperform | $249 |
| October 6th 2025 | Morgan Stanley | Upgrade | Overweight | $220 |
| September 24th 2025 | Barclays | Reiterated | Overweight | $195← $175 |
| September 24th 2025 | BofA Securities | Reiterated | Neutral | $180← $140 |
Earnings History & Surprises
MUEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 19, 2026 | $4.47 | — | — | — |
Q4 2025 | Dec 17, 2025 | $3.96 | $4.78 | +20.7% | ✓ BEAT |
Q3 2025 | Sep 23, 2025 | $2.86 | $3.03 | +5.9% | ✓ BEAT |
Q2 2025 | Jun 25, 2025 | $1.60 | $1.91 | +19.4% | ✓ BEAT |
Q1 2025 | Mar 20, 2025 | $1.43 | $1.56 | +9.1% | ✓ BEAT |
Q4 2024 | Dec 18, 2024 | $1.75 | $1.79 | +2.3% | ✓ BEAT |
Q3 2024 | Sep 25, 2024 | $1.12 | $1.18 | +5.4% | ✓ BEAT |
Q2 2024 | Jun 26, 2024 | $0.48 | $0.62 | +29.1% | ✓ BEAT |
Q1 2024 | Mar 20, 2024 | $-0.25 | $0.42 | +266.2% | ✓ BEAT |
Q4 2023 | Dec 20, 2023 | $-0.99 | $-0.95 | +4.0% | ✓ BEAT |
Q3 2023 | Sep 27, 2023 | $-1.18 | $-1.07 | +9.3% | ✓ BEAT |
Q2 2023 | Jun 28, 2023 | $-1.58 | $-1.43 | +9.5% | ✓ BEAT |
Q1 2023 | Mar 28, 2023 | $-0.66 | $-1.91 | -189.4% | ✗ MISS |
Q4 2022 | Dec 21, 2022 | $-0.01 | $-0.04 | -194.6% | ✗ MISS |
Q3 2022 | Sep 29, 2022 | $1.30 | $1.45 | +11.5% | ✓ BEAT |
Q2 2022 | Jun 30, 2022 | $2.43 | $2.59 | +6.6% | ✓ BEAT |
Q1 2022 | Mar 29, 2022 | $1.97 | $2.14 | +8.6% | ✓ BEAT |
Q4 2021 | Dec 20, 2021 | $2.11 | $2.16 | +2.4% | ✓ BEAT |
Q3 2021 | Sep 28, 2021 | $2.33 | $2.42 | +3.9% | ✓ BEAT |
Q2 2021 | Jun 30, 2021 | $1.72 | $1.88 | +9.3% | ✓ BEAT |
Latest News
Shares of memory chip and storage stocks are trading higher in sympathy with Micron, which beat Q1 estimates and issued strong guidance.
📈 PositiveShares of broader chip stocks are trading higher in possible sympathy with NVIDIA, which rose on reports suggesting the US is launching a review of advanced NVIDIA AI chip sales to China. The sector may also be continuing to gain following strong guidance from Micron.
📈 PositivePalantir shares are trading higher. AI and tech stocks have rebounded following strong guidance from Micron and soft November CPI.
📈 PositiveCitigroup Maintains Buy on Micron Technology, Raises Price Target to $330
📈 PositiveTD Cowen Maintains Buy on Micron Technology, Raises Price Target to $300
📈 PositiveWolfe Research Maintains Outperform on Micron Technology, Raises Price Target to $350
📈 PositiveGoldman Sachs Maintains Neutral on Micron Technology, Raises Price Target to $235
➖ NeutralMicron's stellar results provide lift across semiconductor sector
📈 PositiveJP Morgan Maintains Overweight on Micron Technology, Raises Price Target to $350
📈 PositiveBenzinga Market Summary: S&P Rises On Softer-Than-Expected Nov. CPI, Micron Issues Strong Guidance, Lifting Chip Stocks, Trump Media Signs Merger With TAE Technologies
📈 PositiveShares of broader chip stocks are trading higher after Micron beat quarterly earnings estimates and issued strong guidance. Additionally, softer-than-expected November CPI has lifted market sentiment.
📈 PositiveBarclays Maintains Overweight on Micron Technology, Raises Price Target to $275
📈 PositiveMicron just had its Nvidia moment. What comes next for the stock?
📈 PositiveUBS Maintains Buy on Micron Technology, Raises Price Target to $300
📈 PositiveWells Fargo Maintains Overweight on Micron Technology, Raises Price Target to $335
📈 PositiveWedbush Maintains Outperform on Micron Technology, Raises Price Target to $320
📈 PositiveMicron surges on AI demand, 'memory supercycle'; analysts highlight historic margin guidance
📈 PositiveCantor Fitzgerald Maintains Overweight on Micron Technology, Raises Price Target to $350
📈 PositiveMicron shares are trading higher following strong Q1 earnings and upbeat guidance. Multiple analysts raised their price targets following the report.
📈 PositiveKeybanc Maintains Overweight on Micron Technology, Raises Price Target to $325
📈 PositiveFrequently Asked Questions about MU
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