Micron Technology Future Growth

Future criteria checks 5/6

Micron Technology is forecast to grow earnings and revenue by 71.6% and 25.8% per annum respectively. EPS is expected to grow by 70.4% per annum. Return on equity is forecast to be 16.7% in 3 years.

Key information

71.6%

Earnings growth rate

70.4%

EPS growth rate

Semiconductor earnings growth	24.4%
Revenue growth rate	25.8%
Future return on equity	16.7%
Analyst coverage	Good
Last updated	28 Jun 2024

Recent future growth updates

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

Jun 30

Recent updates

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 Stock: After Nearly Doubling, It's Time To Take Profits (Technical Analysis)

Mar 13

Micron: Please Don't Pay This Much For A Commodity Stock

Mar 07

Micron Is One Of My Top Stocks To Buy For The AI Boom, PC Upgrade Cycle And Robotics

Feb 27

Micron: Immense Bullish Support Embedded Here - Minimal Margin Of Safety

Jan 31

We Think Micron Technology (NASDAQ:MU) Has A Fair Chunk Of Debt

Jan 27

Micron Is A Buy Going Into 2024

Jan 20

With Micron Technology, Inc. (NASDAQ:MU) It Looks Like You'll Get What You Pay For

Dec 18

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
8/31/2026	43,292	13,107	6,428	22,452	22
8/31/2025	37,741	9,616	4,384	17,290	37
8/31/2024	25,035	852	1,001	9,406	29
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	8,951	18,574	N/A
8/30/2018	30,391	14,135	8,521	17,400	N/A
5/31/2018	28,089	12,178	7,555	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
2/27/2014	13,310	2,840	N/A	4,238	N/A
11/28/2013	11,281	1,823	N/A	3,082	N/A
8/29/2013	9,073	1,190	N/A	1,811	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).

Earnings vs Market: MU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MU is expected to become profitable in the next 3 years.

Revenue vs Market: MU's revenue (25.8% per year) is forecast to grow faster than the US market (8.6% per year).

High Growth Revenue: MU's revenue (25.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MU's Return on Equity is forecast to be low in 3 years time (16.7%).

Micron Technology Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

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

Price target increased by 10% to US$158

Micron Technology, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024

Price target increased by 8.7% to US$150

Price target increased by 7.6% to US$146

Price target increased by 21% to US$123

Recent updates

Micron: Key Beneficiary Of AI But Too Richly Valued

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

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 10% to US$158

Micron Technology, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024

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

CEO, President & Director exercised options and sold US$4.3m worth of stock

Price target increased by 8.7% to US$150

Price target increased by 7.6% to US$146

Micron Technology Is Positioned For AI Factory Growth

CEO, President & Director notifies of intention to sell stock

CEO, President & Director exercised options and sold US$686k worth of stock

Micron Is Not A Bargain Despite The AI-Driven HBM Sensation

Micron Technology, Inc. Samples Next-Gen Graphics Memory for Gaming and AI

Is Micron Technology (NASDAQ:MU) Using Too Much Debt?

Micron Technology, Inc. to Report Q3, 2024 Results on Jun 26, 2024

McKool Smith and Irell & Manella on Behalf of Netlist Secures $445 Million Verdict in Patent Infringement Case Against Micron Technology Inc

Micron: Quiet AI Powerhouse

Executive VP & Chief Business Officer recently sold US$5.6m worth of stock

Micron: Stock Is Not Overvalued

Micron Delivers Crucial Lpcamm2 with Lpddr5x Memory for the New Ai-Ready Lenovo Thinkpad P1 Gen 7 Workstation

Insider recently sold US$1.7m worth of stock

Insider notifies of intention to sell stock

I'm Upgrading Micron To A Buy As It Wins The HBM Yield Race With SK Hynix

Micron: Sell Cyclical Stock Near Cyclical High

Micron’s Full Suite of Automotive-Grade Solutions Qualified for Qualcomm Automotive Platforms to Power AI in Vehicles

Micron: Gnashing Of Teeth As The Best Upcycle Develops (Rating Downgrade)

Micron Technology, Inc.'s (NASDAQ:MU) Share Price Not Quite Adding Up

Micron: Reasonable Valuation On Massive Tailwind

Second quarter dividend of US$0.12 announced

CEO, President & Director exercised options and sold US$3.0m worth of stock

Price target increased by 21% to US$123

Micron: HBM Is Sold Out In FY24/FY25 Thanks To AI Demand, Rating Maintained

Micron Technology, Inc. Declares Quarterly Dividend, Payable on April 16, 2024

Micron Stock: After Nearly Doubling, It's Time To Take Profits (Technical Analysis)

Micron Technology, Inc. Appoints Robert Swan to its Board of Directors

CEO, President & Director notifies of intention to sell stock

Micron: Please Don't Pay This Much For A Commodity Stock

CEO, President & Director notifies of intention to sell stock

Micron Technology, Inc Commences Volume Production of Industry-Leading HBM3E Solution to Accelerate the Growth of AI

Micron Is One Of My Top Stocks To Buy For The AI Boom, PC Upgrade Cycle And Robotics

Micron Technology, Inc. Announces Two New Crucial Pro Series Products with the Addition of Overclocking-Capable Memory

Micron Technology, Inc. to Report Q2, 2024 Results on Mar 20, 2024

Micron: Immense Bullish Support Embedded Here - Minimal Margin Of Safety

We Think Micron Technology (NASDAQ:MU) Has A Fair Chunk Of Debt

CEO, President & Director notifies of intention to sell stock

Micron Technology, Inc. Appoints Michael Ray as Senior Vice President, Chief Legal Officer and Corporate Secretary

Micron Is A Buy Going Into 2024

Micron Technology, Inc Unveils Industry’s First Standard Low-Power Compression Attached Memory Module

Insider recently sold US$1.7m worth of stock

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Micron Technology, Inc. Declares Quarterly Cash Dividend, Payable on January 18, 2024

With Micron Technology, Inc. (NASDAQ:MU) It Looks Like You'll Get What You Pay For

Consensus estimates of losses per share improve by 11%

CEO, President & Director notifies of intention to sell stock

Micron Technology, Inc. Unveils Client Ssd to Fuel Demanding PC Applications for Gaming, Content Creation and Scientific Computing

Micron Technology, Inc. Provides Revenue Guidance for the First Quarter 2024

Consensus estimates of losses per share improve by 19%

CEO, President & Director notifies of intention to sell stock

Micron Technology, Inc. to Report Q1, 2024 Results on Dec 20, 2023

Micron Technology, Inc. First to Enable Ecosystem Partners with the Fastest, Lowest Latency High-Capacity 128GB DRAM

CEO, President & Director notifies of intention to sell stock

Crucial Launches Lightning-Fast Gen4 Consumer NVMe SSDs for Gamers and Creators

Micron Technology, Inc. Announces Low-Power Memory Solution Boosts Mixed and Virtual Reality Experiences on Snapdragon XR2 Gen 2

CEO, President & Director exercised options and sold US$2.4m worth of stock

Micron Technology, Inc. Delivers Mainstream PCIe®? Gen4 Data Center SSD

Micron Technology, Inc. Delivers High-Speed 7,200MT/s DDR5 Memory Using 1ß Technology

Micron Technology, Inc. Initiates Construction on Memory Manufacturing Fab

Consensus EPS estimates fall by 85%, revenue upgraded