Memory chipmaker Micron Technology is on track to reveal its fourth-quarter results for Fiscal Year 2025 after the market closes on September 23. The company has experienced a remarkable surge, with its stock rallying over 93% for the year. This uptrend is largely attributed to growing optimism surrounding demand for its high-bandwidth memory (HBM) chips, driven by the expanding artificial intelligence (AI) sector. Analysts are anticipating that Micron will report adjusted earnings per share (EPS) of $2.81, marking an impressive year-over-year growth of over 138%. Revenue is projected to climb by 43% to approximately $11.12 billion.
Micron has consistently demonstrated a strong performance in exceeding Wall Street’s earnings expectations, having surpassed consensus estimates for nine consecutive quarters. In a recent guidance update, the company raised its fourth-quarter expectations, highlighting improved pricing—particularly in DRAM—and solid business execution. Micron estimates revenue to range around $11.2 billion, with adjusted EPS estimated at $2.85, allowing for a slight margin of error.
As analysts prepare for the results, Rosenblatt’s Hans Mosesmann reaffirmed a Buy rating on Micron and set a price target of $200. He expects a modest beat in earnings relative to the company’s previous guidance announcements, projecting even stronger performance in the outlook for the November quarter. Mosesmann pointed out the ongoing constraints in DRAM and NAND Flash wafer supply leading into 2026, alongside an accelerating demand from AI workloads. He emphasized that demand for DRAM has surpassed supply, further stoking growth within storage markets.
Similarly, TD Cowen’s Krish Sankar increased the price target for Micron from $150 to $180, maintaining a Buy rating. He forecasts continued short-term outperformance for MU stock, affected more by trends in average selling price than by significant expansion in multiples. Sankar highlighted the potential for the company’s November EPS outlook to exceed Wall Street’s consensus by about 15%, with a keen interest in whether HBM pricing will stabilize for the calendar year 2026.
TipRanks’ AI Analyst has assigned an Outperform rating for the stock, with a price target of $137, suggesting a potential downside of 16% from current levels. This AI analysis reflects strong financial prospects and favorable insights from the impending earnings call, emphasizing solid revenue and strategic investments. While the technical outlook remains bullish, it also advises caution due to the possibility of overbought conditions.
According to the TipRanks Options Tool, traders are expecting significant volatility surrounding Micron’s Q4 earnings, with an anticipated movement of approximately 10.3% in either direction post-report.
Overall, Wall Street holds a Strong Buy consensus rating on Micron, supported by 24 Buy ratings and four Holds. The average price target for MU stock stands at $165.89, indicating a modest upside potential of 2%. Investors and analysts alike are closely watching how Micron navigates the dynamic semiconductor landscape as it prepares to share its latest financial insights.
