Micron posts record Q4 FY2026 earnings and analysts lift 12‑month price targets
Micron Technology reported fiscal Q4 2026 revenue of $54.23 billion and adjusted earnings of $33.42 per share, beating expectations. The company guided Q1 FY2027 revenue at $61.5 billion and EPS at $38.15. Wall Street analysts responded by raising price targets, with the highest at $2,100 and an average 12‑month target of $1,581.40. Despite the strong results, the stock moved only modestly, trading around $1,063.
Why it matters
Analysts' higher targets suggest potential upside of roughly 40% to 50% over the next year, which could attract buying interest. The guidance indicates continued revenue growth into FY2027, supporting the bullish outlook.
Key facts
- 1Fiscal Q4 2026 revenue was $54.23 billion. finbold.com
- 2Adjusted earnings per share for Q4 were $33.42. finbold.com
- 3Guidance for Q1 FY2027 revenue is $61.5 billion and EPS $38.15. finbold.com
- 4Mizuho raised its price target to $1,400. finbold.com
- 5D.A. Davidson set a price target of $2,100. finbold.com
- 6Average 12‑month price target across analysts is $1,581.40, implying 42.82% upside. finbold.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.