MU Earnings
Wednesday, Jun 24 2026
EPS Estimate
$19.29
$7.53 – $23.00
Revenue Estimate
$33.8B
Track Record
8/8 beats
Current Price
$971.00
Our Position
bullishMicron Hits $1 Trillion on AI Chip Surge
structured data
est. revisions rising
(+1.8pp / 30d)
This milestone solidifies Micron's leadership in AI-driven memory, supporting sustained revenue growth amid an accelerating semiconductor market and bullish analyst momentum.
Watch: Q2 production at Virginia and Idaho fabs will reveal if Micron can maintain growth amid rising competition and geopolitical risks.
Data Signal Summary
3 bullish
3 bearish
Insider selling cluster
Put/call 2.0 (bearish skew)
Analysts: bullish
Price uptrend
High confidence (0.80)
4 questions avoided
Prior Call Analysis
2026Q2Management is highly confident and specific in prepared remarks but demonstrates moderate hedging and some evasiveness on sensitive topics like strategic customer agreements during Q&A.
Hedging
0.30
Confidence
0.80
Avoided Qs
4
Specific terms of SCAs including price renegotiations and cancellation policies
Detailed fourth quarter gross margin guidance
Specific CapEx requirements tied to customer agreements
Language shifts vs prior quarter:
- Repeated emphasis on confidentiality around strategic agreements
- Strong focus on AI as a transformational secular driver supporting high margins
- Significant specificity with multiple numeric details, highlighting strong execution
- Moderate hedging through cautious language around future demand and margins, especially in Q&A
- No mention of any negative macroeconomic or geopolitical risks in Q&A, signaling selective omission
Key Context
Analyst Consensus
bullish
Insider Activity
selling
Price Trend
uptrend
1-Month Return
+87.3%
From 52w High
0.0%
P/E Ratio
45.9
Est. Revisions (30d)
+1.0% 2up/0dn
Analyst Target (mean)
$703 $249–$1750 -28%
Options P/C Ratio
2.03 27C/37P unusual
Est. Dispersion
80% 31 analysts
Insider Cluster
strong sell
Fund Convergence
strong Citadel, D.E. Shaw, Renaissance, Two Sigma, Appaloosa
Recent Activity
insider trades
3 transactions
Sell
·
RAY MICHAEL CHARLES (Officer)
·7,601 shares
·$4,061,207
Sell
·
GOMO STEVEN J (Director)
·2,000 shares
·$1,574,070
Sell
·
MEHROTRA SANJAY (Chief Executive Officer)
·40,000 shares
·$21,450,555
analyst ratings
9 ratings
Susquehanna
→Positive
Updated Friday
DA Davidson
→Buy
Updated Thursday
Mizuho
→Outperform
Updated Thursday
Barclays
→Overweight
4d ago
UBS
→Buy
5d ago
4 more
Citigroup
→Buy
Melius Research
→Buy
Mizuho
→Outperform
DA Davidson
→Buy
material events
Richard M. Beyer and Mary Pat McCarthy, members of the Board of Directors of Micron Technology, Inc., have decided to retire and will not seek re-elec...
SEC↗
223d ago
Micron Technology, Inc. updated its guidance for the fiscal fourth quarter ending August 28, 2025, via a press release issued on August 11, 2025.
SEC↗
294d ago
Micron Technology, Inc. issued two series of senior notes totaling $1.75 billion: $500 million of 5.65% senior notes due 2032 and $1.25 billion of 6.0...
SEC↗
398d ago
filing changes
HIGH
New Government Incentives Disclosure:
New and expanded disclosures on government incentives including CHIPS Act funding, conditions for grant receipt, and potential clawbacks related to co...
HIGH
Material Language Changes:
Shift from general statements on regulatory risks and international operations to detailed, data-driven risk disclosure with specific examples and imp...
HIGH
Removed Risk Factors:
Simplified and reduced risk factor discussion on laws, regulations, and geopolitical risks found in prior 2024 filing.
congress trade
2
Ro Khanna (Democrat-CA) sell $1K-$15K of MU
35d ago
Dwight Evans (Democrat-PA) sell $15K-$50K of MU
69d ago
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