MU Earnings

MU reported its FY2026Q1 earnings on 2025-12-17, showcasing a revenue of 14.00B against an estimate of 13.00B, resulting in a 5.91% surprise. The EPS was 4.78, surpassing the expected 3.89 by 22.88% . The stock experienced a 10.21% price change on the earnings day and a 22.5% change over the next five days, reflecting market reactions to the results.

Following MU's FY2026Q1 earnings announcement on 2025-12-17, the stock price moved by 10.21% on the day of the release. Over the subsequent five days, it saw a 22.50% change. Historically, MU's stock price tends to shift by an average of -5.37% in the 10 days leading up to earnings and +4.31% in the 10 days following, providing insight into potential market.

For 2026/Q2, analysts estimate MU’s annual revenue to reach 19.00B, while the EPS is projected at 8.00. These estimates reflect recent revisions, with revenue estimates revised Revenue Revise Upward by 36.24% and EPS estimates Revise Upward by 42.37% over the past three months, indicating analyst expectation in the company’s performance.

The correlation between MU's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2026 were Revise Upward by 36.24%, while EPS estimates moved Revise Upward by 42.37% . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, MU's stock price typically moves by -5.37% in the 10 days before its earnings and +4.31% in the 10 days after. For the upcoming 2026/Q2 earnings, analysts expect an EPS of 8.00 and revenue of 19.00B.

The earnings call summary indicates strong financial performance with a 15% increase in operating cash flow and record gross margins. The Q&A section reveals modest sequential growth in bit shipments and increasing demand for SSDs, particularly in AI servers, which is positive. Management's responses indicate a strategic focus on data centers and maintaining a strong balance sheet, with plans for dividends and share repurchases. Despite some uncertainty in CapEx details, the overall sentiment is positive due to strong demand, leadership in technology, and optimistic guidance on margins.