What Analysts Think of Micron Stock Ahead of Earnings

Micron Technology (MU) is slated to report fiscal third-quarter earnings after the bell Wednesday, with analysts expecting the memory chip maker’s profits to more than double from a year ago.

Analysts on average expect Micron to report revenue of $8.86 billion, up 30% year-over-year. It’s projected to post adjusted net income of $1.86 billion, or $1.61 per share, up from $702 million, or $0.62 per share, a year earlier. In March, the Nvidia (NVDA) partner posted quarterly revenue that topped analysts’ expectations, thanks in part to data center sales tripling on growing AI demand.

Of the 11 analysts covering Micron tracked by Visible Alpha, nine have a “buy” rating for the stock, alongside two “hold” ratings, though their consensus price target near $121 would suggest a slight decline from Friday’s close at $123.60. Shares of Micron have been on a tear in recent weeks, and have added nearly half of their value in 2025 so far.

The results also come after Micron earlier this month announced plans to boost its U.S. investments to about $150 billion in memory manufacturing and $50 billion in research and development. The chipmaker said most of the money would be used for “two leading-edge high-volume fabs in Idaho, up to four leading-edge high-volume fabs in New York, the expansion and modernization of its existing manufacturing fab in Virginia,” and advanced its high-bandwith memory packaging capabilities.