Micron Technology (MU) Stock Rises on Q2 2026 Earnings

Micron Technology Inc. (MU) reported fiscal second-quarter 2026 results with revenue of $23.9 billion, a year-over-year increase of 196.29%.

Gross profit: $17.8 billion (+499.22% YoY)

Operating profit: $16.1 billion (+810.04% YoY)

Net income attributable to common shareholders: $13.8 billion (+770.81% YoY)

Diluted earnings per share: $12.07 (+756.03% YoY)

Micron beat consensus estimates, delivering revenue above the estimate of $20.2 billion (about $3.6 billion higher) and diluted EPS above the estimate of $9.33 (about $2.74 higher).

Cash from operating activities: $11.9 billion (+201.95% YoY)

Purchases of property, plant and equipment: $(6.4 billion) (+57.51% YoY)

Cash and cash equivalents: $13.9 billion (+84.16% YoY)

Total liabilities: $29.1 billion (+18.96% YoY)

Cost of sales for the quarter was $6.1 billion (+19.94% YoY). Shares were up 1.27% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Micron Technology Inc. Insider Trading Activity

Micron Technology Inc. insiders have traded $MU stock on the open market 111 times in the past 6 months. Of those trades, 3 have been purchases and 108 have been sales.

Here’s a breakdown of recent trading of $MU stock by insiders over the last 6 months:

SANJAY MEHROTRA (President and CEO) has made 0 purchases and 64 sales selling 147,500 shares for an estimated $29,974,241.
MARK J. MURPHY (EVP & Chief Financial Officer) has made 0 purchases and 6 sales selling 126,000 shares for an estimated $28,389,111.
SCOTT J DEBOER (EVP, CTO and Products Officer) sold 82,000 shares for an estimated $18,270,420
SUMIT SADANA (EVP and Chief Business Officer) has made 0 purchases and 3 sales selling 25,000 shares for an estimated $10,747,266.
MANISH H BHATIA (EVP, Global Operations) has made 0 purchases and 6 sales selling 26,623 shares for an estimated $10,410,771.
TEYIN M LIU has made 3 purchases buying 23,200 shares for an estimated $7,821,723 and 0 sales.
APRIL S ARNZEN (EVP and Chief People Officer) has made 0 purchases and 2 sales selling 30,000 shares for an estimated $6,616,950.
MICHAEL CHARLES RAY (SVP, Chief Legal Officer) has made 0 purchases and 22 sales selling 15,950 shares for an estimated $5,768,371.
SCOTT R. ALLEN (CVP, Chief Accounting Officer) has made 0 purchases and 2 sales selling 10,800 shares for an estimated $2,523,176.
STEVEN J GOMO sold 5,000 shares for an estimated $1,318,150
RICHARD M BEYER sold 5,552 shares for an estimated $864,335

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Micron Technology Inc. Hedge Fund Activity

We have seen 1,443 institutional investors add shares of Micron Technology Inc. stock to their portfolio, and 1,034 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 29,946,378 shares (-77.2%) from their portfolio in Q4 2025, for an estimated $8,546,995,744
BLACKROCK, INC. added 6,873,121 shares (+7.3%) to their portfolio in Q4 2025, for an estimated $1,961,657,464
NORGES BANK added 6,470,511 shares (+40.3%) to their portfolio in Q4 2025, for an estimated $1,846,748,544
CAPITAL WORLD INVESTORS removed 5,937,371 shares (-9.3%) from their portfolio in Q4 2025, for an estimated $1,694,585,057
D. E. SHAW & CO., INC. removed 5,689,697 shares (-63.0%) from their portfolio in Q4 2025, for an estimated $1,623,896,420
PRIMECAP MANAGEMENT CO/CA/ removed 4,860,499 shares (-16.4%) from their portfolio in Q4 2025, for an estimated $1,387,235,019
JANE STREET GROUP, LLC removed 4,740,022 shares (-73.3%) from their portfolio in Q4 2025, for an estimated $1,352,849,679

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Micron Technology Inc. Government Contracts

We have seen $349,000 of award payments to $MU over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

FACILITIES MAINTENANCE WORK ORDERS -BGAD: $249,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Micron Technology Inc. Congressional Stock Trading

Members of Congress have traded $MU stock 9 times in the past 6 months. Of those trades, 2 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $MU stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 02/24 and 1 sale worth up to $15,000 on 02/10.
REPRESENTATIVE CLEO FIELDS purchased up to $250,000 on 02/03.
SENATOR JOHN BOOZMAN has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 01/26, 01/08, 09/17.
REPRESENTATIVE JULIA LETLOW has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 10/01, 09/17.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Micron Technology Inc. Analyst Ratings

Wall Street analysts have issued reports on $MU in the last several months. We have seen 22 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 01/22/2026
Stifel issued a "Buy" rating on 01/20/2026
Rosenblatt issued a "Buy" rating on 01/20/2026
RBC Capital issued a "Outperform" rating on 01/15/2026
Lynx Global issued a "Buy" rating on 01/12/2026
Mizuho issued a "Outperform" rating on 01/09/2026
UBS issued a "Buy" rating on 12/18/2025

To track analyst ratings and price targets for Micron Technology Inc., check out Quiver Quantitative's $MU forecast page.

Micron Technology Inc. Price Targets

Multiple analysts have issued price targets for $MU recently. We have seen 27 analysts offer price targets for $MU in the last 6 months, with a median target of $450.0.

Here are some recent targets:

Mark Li from Bernstein set a target price of $510.0 on 03/18/2026
Srini Pajjuri from RBC Capital set a target price of $525.0 on 03/16/2026
Krish Sankar from TD Cowen set a target price of $500.0 on 03/16/2026
Kevin Cassidy from Rosenblatt set a target price of $500.0 on 03/16/2026
Matt Bryson from Wedbush set a target price of $500.0 on 03/13/2026
Aaron Rakers from Wells Fargo set a target price of $470.0 on 03/12/2026
Mehdi Hosseini from Susquehanna set a target price of $525.0 on 03/09/2026