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Micron Technology (NASDAQ: MU) reported a fiscal fourth quarter net revenue of $11.32 billion, marking a 46% year-over-year increase, surpassing analyst expectations by 140 basis points. This growth is largely driven by robust demand for DRAM, data center products, and AI technologies.
The company’s adjusted earnings per share reached $3.03, reflecting over a 100% increase compared to the previous year, exceeding consensus estimates by 600 basis points. Micron also issued strong Q1 guidance, with earnings anticipated at a minimum of $3.60 per share, compared to a consensus of $3.04.
Analyst ratings are overwhelmingly positive, with more than 80% rating Micron as a Buy. The consensus price target is rising, potentially reaching up to $200, supported by institutional purchases averaging nearly $2 to $1 in the first three quarters of 2025.
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