Q1 Earnings Forecast for Micron Technology Issued By KeyCorp

Micron Technology, Inc. (NASDAQ:MU) – Equities research analysts at KeyCorp issued their Q1 2027 EPS estimates for shares of Micron Technology in a research report issued on Monday, July 13th. KeyCorp analyst J. Vinh anticipates that the semiconductor manufacturer will post earnings of $37.77 per share for the quarter. KeyCorp has a “Overweight” rating and a $1,750.00 price objective on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $72.99 per share. KeyCorp also issued estimates for Micron Technology’s Q2 2027 earnings at $46.40 EPS, Q3 2027 earnings at $52.46 EPS and Q4 2027 earnings at $52.52 EPS.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The business’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

A number of other equities analysts have also commented on MU. Wells Fargo & Company increased their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Wedbush upped their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. The Goldman Sachs Group increased their target price on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. UBS Group raised their target price on shares of Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Susquehanna upped their price target on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,268.93.

Micron Technology Trading Down 5.6%

Shares of MU stock opened at $853.20 on Friday. Micron Technology has a 12-month low of $103.38 and a 12-month high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $947.41 and its 200-day moving average price is $598.20. The stock has a market capitalization of $963.60 billion, a price-to-earnings ratio of 19.32 and a beta of 2.14.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC increased its holdings in Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after purchasing an additional 628 shares during the period. United Bank purchased a new position in Micron Technology during the 2nd quarter worth $236,000. Schnieders Capital Management LLC. raised its position in Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. raised its position in Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after purchasing an additional 21,619 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 163,300 shares of company stock worth $152,667,204. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be issued a $0.15 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.

More Micron Technology News

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

• Positive Sentiment: Micron announced long-term automotive supply agreements with several partners, including Qualcomm and Harman, which should improve supply visibility and deepen its role in AI-enabled vehicles. Reuters article
• Positive Sentiment: Analysts continue to highlight Micron as a key AI memory beneficiary, with upbeat commentary on earnings momentum and the company’s importance in AI infrastructure buildout. Yahoo Finance article
• Positive Sentiment: KeyCorp reiterated an Overweight stance and set a very bullish price target, signaling continued Wall Street confidence in Micron’s earnings power over the next few years. MarketBeat reference
• Neutral Sentiment: Several articles frame Micron as a volatile “AI bellwether,” suggesting that the stock may keep swinging with sentiment around the memory cycle and broader tech risk appetite. MarketWatch article
• Negative Sentiment: Micron has been caught in a sector-wide selloff, with chip stocks weakening as investors rotate out of AI and semiconductor names. Yahoo Finance article
• Negative Sentiment: Fresh concerns about fiercer Chinese memory competition, including CXMT’s large planned IPO, have added pressure on Micron shares and raised fears of pricing and margin pressure. 24/7 Wall St article
• Negative Sentiment: Bearish trading ideas and cautionary commentary, including calls to avoid buying on margin, reflect heightened skepticism after Micron’s recent run-up. 24/7 Wall St article

About Micron Technology

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.