Micron Technology (MU)

The shares of Micron (MU; $444.27; O/P) inexplicably traded down 4% yesterday after yet another massive “beat and raise”. In fact, the immediate result is the stock de-rated substantially given how we see Street estimates…

We are raising our F2026/2027E (Aug) EPS on Micron (MU; $403.11; O/P), which have generally been above consensus in recent months, from $34.00/$50.00 to $35.20/52.75, ahead of its FQ2 (Feb) print scheduled for next Wednesday…

Yesterday, Micron (MU; $410.24; O/P) announced plans to invest ~$24B over ten years to expand its advanced NAND wafer fabrication operations in Singapore. The new advanced fab will be located within Micron’s existing NAND manufacturing…

Yesterday, Micron (MU; $362.75; O/P) announced it signed an exclusive letter of intent to purchase Powerchip Semiconductor’s (6770.TW; NT$68.20; NR) P5 fabrication site in Tongluo, Miaoli County, Taiwan for $1.8B in cash, including a ready-to-use…

We are raising our target on the shares of Micron (MU; $345.09; O/P) from $350 to $415 after meeting with Samir Patodia, Senior Director, IR, last Thursday in Las Vegas during the Consumer Electronics Show…

We are raising our F2026/F2027E (Aug) EPS for Micron (MU; $225.71; O/P) from $17.75/$21.50 to a remarkable $34.00/$50.00 after its FQ1 (Nov) print produced the biggest “beat and raise” we have ever seen from the company…

Micron Technology (MU; $225.52; O/P) reported FQ1 (Nov) non-GAAP EPS of $4.78, which more than comfortably beat our recently raised $3.80 and the Street’s $3.96 on much better than expected sales ($13,643mm vs. our $12,775mm…

We raise our F2026/F2027E (Aug) EPS for Micron (MU; $263.71; O/P) from $16.50/$18.00 to $17.75/$21.50 ahead of its FQ1 (Nov) print, scheduled for next Wednesday (12/17 after market), predominantly to reflect its much more favorable…

We raise our F2026E (Aug) EPS for Micron (MU; $167.32; O/P) from $12.95 to $16.50 (+99% YoY from $8.29 in F2025 and vs. a prior record of $11.95 in F2018) after the company produced a…

We are raising our outdated target from $160 to $200 on the shares of Micron (MU; $169.24; O/P) ahead of its FQ4 (Aug) results and guidance, scheduled for Tuesday (9/23 after market). Admittedly, there is…

We are raising our F2025/F2026E (Aug) EPS from $7.80/$11.65 to $8.15/$12.95 and reiterating our $160 target on the shares of Micron (MU; $122.39; O/P) after the company raised its FQ4 (Aug) non-GAAP outlook in conjunction…

We are raising our target from $140 to $160 on the shares of Micron Technology (MU; $127.25; O/P) as we increase our F2025/F2026E (Aug) EPS from $6.70/$9.10 to $7.80/$11.65 after the company produced an especially…

Micron Technology (MU; $127.25; O/P) reported FQ3 (May) non-GAAP EPS of $1.91, which was well ahead of our $1.55 and the Street’s $1.60 on meaningful sales upside ($9,301mm vs. our $8,750mm and consensus of $8,863mm)….

We are raising our outdated price target from $110 to $140 on the share of Micron Technology (MU; $121.82; O/P) ahead of its FQ3 (May) results and outlook, which are scheduled for next Wednesday (6/25…

The shares of Micron Technology (MU; $94.72; O/P) dropped a somewhat surprising 8% on Friday after the company produced some upside with FQ2 (Feb) results and signaled that its FQ3 (May) outlook was marginally better…