Micron posts record Q4 earnings but shares slip as analysts split on outlook
Micron Technology reported fiscal Q4 revenue of about $54.2 billion and non‑GAAP EPS of $33.42, beating expectations. Despite the results, the stock fell roughly 1‑2% in pre‑market trading. Management said memory supply will stay tight through 2028, while several analysts raised price targets and one cut its fair‑value estimate.
Why it matters
Goldman Sachs, Mizuho and Rosenblatt lifted their price targets to $1,250, $1,400 and $1,900 respectively, indicating optimism about future margins. Morningstar reduced its target to $700, reflecting a more cautious view. The mixed analyst sentiment and the stock decline suggest investors may reassess valuation despite the strong quarter.
Key facts
- 1Q4 revenue was $54.2 billion, up 31% sequentially and 379% year over year. 247wallst.com
- 2Non‑GAAP EPS for Q4 was $33.42, beating the consensus of $31.35. 247wallst.com
- 3Gross margin in Q4 reached 87%, up 210 basis points sequentially. 247wallst.com
- 4Goldman Sachs raised its price target to $1,250 from $1,100. 247wallst.com
- 5Mizuho raised its price target to $1,400. 247wallst.com
- 6Rosenblatt raised its price target to $1,900. 247wallst.com
Open questions
- Revenue is reported as $54.23 billion in material 1 and $54.2 billion in material 2.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.