Q3 Earnings Forecast for Micron Technology Issued By Wedbush

Micron Technology, Inc. (NASDAQ:MU) – Equities research analysts at Wedbush decreased their Q3 2026 EPS estimates for Micron Technology in a research note issued on Thursday, December 19th. Wedbush analyst M. Bryson now anticipates that the semiconductor manufacturer will post earnings of $3.59 per share for the quarter, down from their previous forecast of $3.89. Wedbush has a “Outperform” rating and a $140.00 price objective on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $8.31 per share. Wedbush also issued estimates for Micron Technology’s Q4 2026 earnings at $3.90 EPS.

Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Micron Technology from $180.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. KeyCorp decreased their target price on shares of Micron Technology from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Citigroup reduced their price objective on Micron Technology from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th. UBS Group lowered their price objective on Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Needham & Company LLC cut their target price on Micron Technology from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.24.

Micron Technology Price Performance

NASDAQ:MU opened at $89.28 on Monday. The business’s 50-day moving average is $102.77 and its 200 day moving average is $108.08. Micron Technology has a 12 month low of $79.15 and a 12 month high of $157.54. The company has a market capitalization of $99.47 billion, a P/E ratio of 131.30 and a beta of 1.16. The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, beating the consensus estimate of $1.60 by $0.19. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The business’s revenue was up 84.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.95) earnings per share.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in shares of Micron Technology by 2.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 495,006 shares of the semiconductor manufacturer’s stock worth $65,108,000 after purchasing an additional 12,975 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Micron Technology by 8.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 179,754 shares of the semiconductor manufacturer’s stock valued at $23,643,000 after acquiring an additional 13,950 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Micron Technology by 77.0% in the 2nd quarter. Atomi Financial Group Inc. now owns 10,786 shares of the semiconductor manufacturer’s stock valued at $1,419,000 after acquiring an additional 4,693 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Micron Technology by 28.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,792 shares of the semiconductor manufacturer’s stock worth $499,000 after purchasing an additional 839 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Micron Technology in the second quarter valued at approximately $232,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 4,890 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the sale, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be paid a $0.115 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.52%. Micron Technology’s payout ratio is currently 13.26%.

Micron Technology Company Profile

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.