Citi Raises Earnings Estimates for Micron Due to Stronger-than-Expected DRAM Pricing
Micron Technology (MU) attracted attention as Citi raised its earnings estimates, citing stronger-than-expected pricing in the dynamic random access memory (DRAM) market. Despite this positive outlook from analysts, shares of Micron fell slightly by 0.8% in premarket trading. Citi now models fourth-quarter fiscal year 2026 sales and earnings per share at $51 billion and $31.45 respectively—slightly above the consensus estimates of $50.8 billion and $31.43. The upgrade reflects better-than-anticipated pricing trends in DRAM, which is a key product for Micron. The market reaction was mixed; while analyst optimism suggests improving demand or supply dynamics in memory markets, investors appeared cautious as reflected by the premarket decline.
Topics: Citi DRAM pricing earnings estimates Micron Technology