Micron Technology (NASDAQ:MU) Issues Q1 2025 Earnings Guidance

Micron Technology (NASDAQ:MU) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.660-1.820 for the period, compared to the consensus earnings per share estimate of 1.670. The company issued revenue guidance of $8.5 billion-$8.9 billion, compared to the consensus revenue estimate of $8.3 billion. Micron Technology also updated its Q1 guidance to $1.66-$1.82 EPS.

Analysts Set New Price Targets

Several brokerages recently issued reports on MU. Rosenblatt Securities restated a buy rating and set a $225.00 price objective on shares of Micron Technology in a research report on Tuesday, June 25th. BNP Paribas downgraded Micron Technology from an outperform rating to an underperform rating and cut their price objective for the stock from $140.00 to $67.00 in a research report on Thursday, September 12th. KeyCorp cut their price objective on Micron Technology from $165.00 to $145.00 and set an overweight rating for the company in a research report on Tuesday, August 6th. Morgan Stanley cut their price objective on Micron Technology from $140.00 to $100.00 and set an equal weight rating for the company in a research report on Monday, September 16th. Finally, Mizuho boosted their price target on Micron Technology from $150.00 to $155.00 and gave the company a buy rating in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $145.65.

Micron Technology Stock Performance

MU opened at $95.77 on Thursday. The firm has a market cap of $106.19 billion, a P/E ratio of -67.44, a price-to-earnings-growth ratio of 0.20 and a beta of 1.17. Micron Technology has a 52-week low of $63.83 and a 52-week high of $157.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 3.41. The business’s fifty day moving average is $98.39 and its 200-day moving average is $114.77.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. Micron Technology had a negative return on equity of 4.01% and a negative net margin of 7.20%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same period last year, the firm posted ($1.57) earnings per share. Micron Technology’s revenue was up 81.5% compared to the same quarter last year. Sell-side analysts expect that Micron Technology will post 0.61 EPS for the current fiscal year.

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.