Micron Technology (MU) has been exceeding market expectations, showing a +2.88% increase in a recent trading session, surpassing gains made by the S&P 500, Dow, and Nasdaq. This performance builds upon a strong month, with Micron shares rising 20.22%, significantly outperforming the Computer and Technology sector and the S&P 500.
Upcoming Earnings and Financial Projections
Investors are eagerly awaiting Micron's upcoming earnings release on June 25, 2025. The projected earnings per share (EPS) are $1.57, a substantial 153.23% increase from the same quarter last year. Revenue estimates are also optimistic, with a consensus estimate of $8.81 billion, representing a 29.33% increase from the prior-year quarter.
Looking at the full fiscal year, analysts predict earnings of $6.93 per share and revenue of $35.49 billion, showcasing significant growth of +433.08% and +41.34%, respectively, from the previous year.
Analyst Optimism and Strategic Advancements
Recent adjustments to analyst estimates reflect positive sentiment regarding Micron's business and profitability. Wells Fargo analyst Aaron Rakers maintained a Buy rating on Micron (MU) with a price target of $130.00. Rakers' positive outlook is driven by Micron's advancements and market positioning, particularly the commencement of sample shipments of its 36GB HBM4 12-High to key customers. This leverages Micron's advanced 1-beta DRAM process, offering improved power efficiency and performance.
Micron's strategic focus on expanding the HBM:DDR5 trade ratio and customizing logic base die with HBM4E+ suggests strong potential in the high-bandwidth memory market. The company's HBM segment has already seen substantial revenue growth, surpassing $1 billion in F2Q25, with continued growth expected. Micron aims to achieve a DRAM-like HBM market share by the end of CY25.
Another analyst, Citi, also maintained a Buy rating on Micron with a $130.00 price target. The consensus among analysts points towards a positive outlook for Micron's stock, driven by technological advancements and strategic market positioning.