Micron Technology reported earnings that surpassed analysts’ expectations. The chipmaker also posted a strong outlook.
For the fiscal first quarter, Micron’s earnings came in at $2.04 a share, compared with 71 cents a share in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, for the quarter were $2.16 a share, compared with 78 cents a share in the year-ago period. Analysts polled by FactSet expected adjusted earnings of $2.10 a share.
Revenue rose to $7.69 billion from $5.77 billion in the year-ago quarter. Analysts had expected $7.68 billion.
DRAM sales accounted for 73% of revenue, or $5.59 billion, in the fiscal first quarter, and grew +38% year-over-year. NAND made up 24% of revenue, or $1.89 billion, up 19% year over year. Analysts polled by FactSet had expected DRAM sales of $5.54 billion, and NAND sales of $2 billion.
Looking ahead, Micron projects adjusted second-quarter net income of $1.85 to $2.05 a share , compared to analysts’ forecast of $1.84 a share. The company is expecting revenue in the range of $7.3 billion to $7.7 billion. Analysts expected $7.29 billion.
MU saw its Momentum Indicator move above the 0 level on September 04, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .
The Moving Average Convergence Divergence (MACD) for MU just turned positive on August 06, 2026. Looking at past instances where MU's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
MU moved above its 50-day moving average on September 02, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MU crossed bullishly above the 50-day moving average on September 03, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MU advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 312 cases where MU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MU broke above its upper Bollinger Band on September 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. MU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.403) is normal, around the industry mean (7.279). P/E Ratio (22.979) is within average values for comparable stocks, (156.799). Projected Growth (PEG Ratio) (0.149) is also within normal values, averaging (1.628). MU has a moderately low Dividend Yield (0.001) as compared to the industry average of (0.015). P/S Ratio (12.837) is also within normal values, averaging (54.185).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of advanced semiconductor solutions such as DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components and memory modules
Industry Semiconductors