Micron Technology (MU) is refocusing on high-margin Cloud Memory, leveraging robust demand from hyperscalers and strong HBM chip adoption. MU's Cloud Memory business, with 59% gross and 48% operating margins, is expected to drive margin expansion as product mix shifts away from Mobile & Client. I reiterate a Buy rating on MU with a $311 price target, based on 10.18x eFY27 EV/aEBITDA, reflecting durable growth and reduced cyclicality.
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Get a deeper insight into the potential performance of Micron (MU) for the quarter ended November 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
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MU eyes strong Q1 gains as AI-driven memory demand, better pricing and new chip ramps set the stage for a robust earnings update.
Micron Technology (MU) is benefiting from a memory supercycle, driven by HBM market share gains and surging memory prices. MU's data center segment now comprises 56% of revenue with 52% gross margins, aided by strategic exit from the Crucial consumer business. Despite strong fundamentals and AI tailwinds, MU is downgraded to Hold as shares trade at elevated 5.1x FY26 revenue, ahead of consensus.
I upgraded MU to a Strong Buy after its 180% YTD rally, as its forward non-GAAP P/E fell to 14x, down from 16x in my last rating. The cheaper valuation is driven by significant upward revisions to forward revenue and earnings consensus. MU's revenue growth continues to accelerate into FY2026, supported by a significant jump in gross margin and triple-digit EPS growth in 1Q FY2026.
Micron (MU) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
We are rounding the final corner to close out the year, with the coming week the last full trading week for 2025.
One of the hottest AI stocks appears to have more room to run.
Micron (MU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Micron (MU) closed at $252.42 in the latest trading session, marking a +2.23% move from the prior day.