Micron Posts Strong Earnings but Stock Remains Flat as Analysts Remain Bullish
Micron Technology reported strong fourth-quarter results with adjusted earnings of $33.42 per share and revenue of $54.23 billion, both exceeding Wall Street expectations. The chipmaker also issued better-than-expected guidance for the current quarter, forecasting $61.5 billion in revenue and $38.15 per share in adjusted earnings. Despite these positive results, Micron's stock remained flat during premarket trading. Analysts from major firms like Deutsche Bank, Morgan Stanley, UBS, Citi, JPMorgan, and Goldman Sachs have maintained a generally bullish stance on the company’s future performance due to strong demand for memory chips driven by AI adoption. Most of these analysts have raised their price targets or reiterated buy/overweight ratings. The consensus is that Micron's structural industry fundamentals are sound with continued growth expected in 2027 and beyond, supported by strategic customer agreements (SCAs) and long-term capital expenditures for cleanroom expansion.
