Here's What to Expect From Micron Technology’s Next Earnings Report

Core Viewpoint - Micron Technology, Inc. is a leading semiconductor company with a market cap of $437.9 billion, specializing in memory and storage solutions, and is expected to report significant earnings growth in the upcoming fiscal quarter [1]. Financial Performance - Analysts anticipate Micron will report an EPS of $8.18 for fiscal Q2 2026, representing a 480.1% increase from $1.41 in the same quarter last year [1]. - For the current fiscal year, the expected EPS is $32.19, which is a 319.1% increase from $7.68 in fiscal 2025 [2]. Stock Performance - Micron's shares have increased by 264% over the past 52 weeks, significantly outperforming the S&P 500 Index's gain of 13.6% and the Technology Select Sector SPDR Fund's rise of 20% during the same period [3]. Analyst Ratings - The consensus view on Micron stock is highly bullish, with a "Strong Buy" rating from 31 out of 40 analysts, while six analysts recommend a "Moderate Buy" and three suggest a "Hold" [5]. - The stock is currently trading above the average analyst price target of $330.46 [5]. Price Target Adjustments - Stifel raised Micron's price target to $360 from $300, maintaining a "Buy" rating, citing strong demand in AI cloud and strategic acquisitions as key factors for margin improvement and supply strength [4].