Micron Technology Future Growth

Future criteria checks 5/6

Micron Technology is forecast to grow earnings and revenue by 26.8% and 14.5% per annum respectively. EPS is expected to grow by 27% per annum. Return on equity is forecast to be 20.4% in 3 years.

Key information

26.8%

Earnings growth rate

27.0%

EPS growth rate

Semiconductor earnings growth	23.0%
Revenue growth rate	14.5%
Future return on equity	20.4%
Analyst coverage	Good
Last updated	04 Apr 2025

Recent future growth updates

Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 25

Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results

Jun 30

Recent updates

Micron Stock: Buy Before The Supercycle

Apr 01

Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 25

Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up

Oct 18

Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?

Oct 15

Micron: Bullish Catalysts In Motion

Oct 13

Micron Technology: The Market May Be Wrong

Oct 04

Micron: Why Q4 Results Didn't Get Me Excited

Sep 28

Micron's Stock Might Face A Steep Decline Following Q4 Results

Sep 22

Micron: I Am Buying The Drop Hand Over Fist Before Q4

Sep 14

Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price

Sep 11

Micron Technology: DRAM And NAND Price Recovery Priced In (Rating Downgrade)

Aug 25

Micron will be one of the biggest beneficiaries in the semiconductor industry of the multi-year growth opportunity driven by AI

Aug 22With the advancement of AI there will be high demand for High Bandwidth Memory (HBM) devices for AI data centres. Micron are in a strong position to serve AI demand for fast storage as these data-inte

Micron Is Dirt Cheap After The 45% Drop

Aug 13

Micron: This Apple And NVIDIA Supplier Is An Undervalued AI Stock

Aug 06

Micron Technology, Inc.'s (NASDAQ:MU) Shareholders Might Be Looking For Exit

Jul 31

Micron: Strong Prospects For Secular And Cyclical Growth Are Coming Together

Jul 28

Micron Taught Me 2 Lessons (Rating Upgrade)

Jul 18

Micron: HBM3E Shipment Ramping Up From Q3, Expect Strong Revenue Growth

Jul 06

Micron: Key Beneficiary Of AI But Too Richly Valued

Jun 30

Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results

Jun 30

Micron Q3 Earnings Preview: Stronger Than Expected Memory Recovery, Micron Remains A Buy

Jun 24

Micron Technology Is Positioned For AI Factory Growth

Jun 17

Earnings and Revenue Growth Forecasts

NasdaqGS:MU - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
8/31/2027	46,068	11,687	5,065	21,759	13
8/31/2026	44,878	11,584	4,742	20,160	32
8/31/2025	35,415	7,286	2,609	16,912	32
2/27/2025	31,323	4,672	606	13,073	N/A
11/28/2024	29,094	3,882	554	10,350	N/A
8/29/2024	25,111	778	121	8,507	N/A
5/30/2024	21,371	-1,539	-1,376	5,351	N/A
2/29/2024	18,312	-3,767	-3,309	2,893	N/A
11/30/2023	16,181	-6,872	-5,006	2,017	N/A
8/31/2023	15,540	-5,833	-6,117	1,559	N/A
6/1/2023	18,173	-2,911	-4,741	5,087	N/A
3/2/2023	23,063	1,611	-1,944	8,901	N/A
12/1/2022	27,156	6,186	935	12,186	N/A
9/1/2022	30,758	8,687	3,114	15,181	N/A
6/2/2022	32,389	9,915	4,819	15,288	N/A
3/3/2022	31,169	9,024	4,860	15,010	N/A
12/2/2021	29,619	7,364	3,882	14,439	N/A
9/2/2021	27,705	5,861	2,438	12,468	N/A
6/3/2021	25,487	4,129	560	10,855	N/A
3/4/2021	23,503	3,197	-662	9,318	N/A
12/3/2020	22,064	2,999	-756	8,262	N/A
9/3/2020	21,435	2,687	83	8,306	N/A
5/28/2020	20,249	2,260	297	8,268	N/A
2/27/2020	19,599	2,297	526	8,956	N/A
11/28/2019	20,637	3,511	1,367	10,390	N/A
8/29/2019	23,406	6,313	3,409	13,189	N/A
5/30/2019	26,976	10,077	6,108	16,111	N/A
2/28/2019	29,985	13,060	7,650	17,661	N/A
11/29/2018	31,501	14,750	N/A	18,574	N/A
8/30/2018	30,391	14,135	N/A	17,400	N/A
5/31/2018	28,089	12,178	N/A	15,448	N/A
3/1/2018	25,858	10,002	N/A	13,594	N/A
11/30/2017	23,155	7,587	N/A	10,651	N/A
8/31/2017	20,322	5,089	N/A	8,153	N/A
6/1/2017	17,401	2,551	N/A	5,846	N/A
3/2/2017	14,733	689	N/A	3,828	N/A
12/1/2016	13,019	-302	N/A	3,186	N/A
9/1/2016	12,399	-276	N/A	3,168	N/A
6/2/2016	12,782	365	N/A	3,302	N/A
3/3/2016	13,737	1,071	N/A	4,248	N/A
12/3/2015	14,969	2,102	N/A	4,736	N/A
9/3/2015	16,192	2,899	N/A	5,208	N/A
6/4/2015	16,819	3,578	N/A	5,525	N/A
3/5/2015	16,948	3,893	N/A	5,645	N/A
12/4/2014	16,889	3,690	N/A	5,784	N/A
8/28/2014	16,358	3,045	N/A	5,699	N/A
5/29/2014	14,974	3,603	N/A	5,069	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MU's forecast earnings growth (26.8% per year) is above the savings rate (2.8%).

Earnings vs Market: MU's earnings (26.8% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: MU's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MU's revenue (14.5% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: MU's revenue (14.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MU's Return on Equity is forecast to be high in 3 years time (20.4%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/07 21:41
End of Day Share Price	2025/04/07 00:00
Earnings	2025/02/27
Annual Earnings	2024/08/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Micron Technology, Inc. is covered by 80 analysts. 32 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Warren Lau	Aletheia Analyst Network Limited
Brett Simpson	Arete Research Services LLP
Nam Hyung Kim	Arete Research Services LLP

Micron Technology Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Consensus EPS estimates fall by 21%

Price target decreased by 8.5% to US$134

Price target decreased by 7.8% to US$147

Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results

Price target increased by 10% to US$158

Recent updates

Investor sentiment deteriorates as stock falls 18%

Now 25% undervalued after recent price drop

Micron Stock: Buy Before The Supercycle

Executive VP & Chief People Officer notifies of intention to sell stock

Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Micron Technology: HBM Ramp-Up May Pressure Margins, But Stock Remains A Buy

Second quarter dividend of US$0.12 announced

Second quarter 2025 earnings: EPS and revenues exceed analyst expectations

Micron Technology, Inc. Innovates from the Data Center to the Edge with Nvidia

Micron Stock: Despite The Rating Downgrade, It's Still A Buy

Investor sentiment improves as stock rises 16%

Micron: The Only Semiconductor Giant Rallying YTD So Far

Independent Director notifies of intention to sell stock

Micron Appoints Mark Liu and Christie Simons to Board of Directors

Micron Technology, Inc. Announces Shipment of 1? (1-Gamma) DRAM: Pioneering Memory Technology Advancements for Future Compute Needs

Micron: Large Upside And Strong Momentum

Insider notifies of intention to sell stock

Micron Technology, Inc. Redefines Performance for AI Pcs, Gamers and Professionals

Micron: This Stock Won't Be This Cheap For Much Longer

Micron: I Keep Accumulating On The Dip

Micron Technology (NASDAQ:MU) Has A Pretty Healthy Balance Sheet

Insider notifies of intention to sell stock

Investor sentiment deteriorates as stock falls 17%

Micron: Why I'm Waiting For A Dip Now (Rating Downgrade)

Micron: Exposure To AI Tailwinds At A Cheap Valuation

Micron: A Stock Heading For Trouble

Robbins LLP Files Class Action Lawsuit against Micron Technology, Inc. on Behalf of Investors

Micron Technology, Inc. Broadens Memory and Storage Portfolio to Deliver Powerful Performance Gains for Consumers

Investor sentiment improves as stock rises 16%

Micron's Bold Bet On AI Memory

Micron Technology, Inc. Announces Executive Changes

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 21%

First quarter dividend of US$0.12 announced

Amidst Volatility, Micron Presents A Buying Opportunity For Investors

Price target decreased by 8.5% to US$134

First quarter 2025 earnings: EPS exceeds analyst expectations

Micron Technology, Inc. Declares Quarterly Dividend, Payable on January 15, 2025

Micron Technology (NASDAQ:MU) Will Want To Turn Around Its Return Trends

My Boldest Bet On Micron So Far: Why I'm Shorting This Stock Prior To Earnings

Micron Is On A Mission To Penetrate The HBM Market - Buy It

HBM Demand Is Surging Past Supply: Why Micron Is The Biggest Beneficiary

Micron Technology, Inc. to Report Q1, 2025 Results on Dec 18, 2024

Micron: Here's Why It Keeps Dropping And Here's Why I Keep Buying

Micron Introduces World’S Fastest, Most Energy Efficient 60Tb SSD

Micron: A Dip Worth Picking Up

Micron Technology, Inc., Annual General Meeting, Jan 16, 2025

Insider recently sold US$1.1m worth of stock

Micron's Resurgence Is Here To Stay (Technical Analysis)

Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up

CEO, President & Director exercised options and sold US$22m worth of stock

Micron Fuels New Wave of AI PCs with Launch of Ultra-Fast Clock Driver Ddr5 Memory Portfolio

Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?

Micron: Bullish Catalysts In Motion

Micron Technology: The Market May Be Wrong

Fourth quarter dividend of US$0.12 announced

Micron: Why Q4 Results Didn't Get Me Excited

Full year 2024 earnings: EPS misses analyst expectations

Micron's Stock Might Face A Steep Decline Following Q4 Results

Price target decreased by 7.8% to US$147

Micron Expands SSD Portfolio with New Crucial P310 2280 Gen4 SSD, Bringing High-Octane Performance to Gamers and Creators

Micron: I Am Buying The Drop Hand Over Fist Before Q4

Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price

Micron Technology, Inc. to Report Q4, 2024 Results on Sep 25, 2024

Micron Technology: DRAM And NAND Price Recovery Priced In (Rating Downgrade)

Micron will be one of the biggest beneficiaries in the semiconductor industry of the multi-year growth opportunity driven by AI

Micron Is Dirt Cheap After The 45% Drop

Micron: This Apple And NVIDIA Supplier Is An Undervalued AI Stock

Micron Technology, Inc. Announces Volume Production of Ninth-Generation NAND Flash Technology