Micron Technology, Inc. (NASDAQ:MU) Quarterly Earnings Preview

• Wall Street analysts estimate an earnings per share (EPS) of $1.57 and revenue of approximately $8.83 billion for the upcoming quarterly earnings.

• Expected consensus revenue of $8.86 billion marks a 30% increase year-over-year, with adjusted net income predicted to rise significantly.

• Micron's stock has seen nearly 50% growth in 2025, buoyed by its partnership with Nvidia and strong analyst ratings.

Micron Technology, Inc. (NASDAQ:MU) is a leading figure in the semiconductor industry, specializing in memory and storage solutions. As the company gears up for its quarterly earnings release on June 25, 2025, expectations from Wall Street analysts are notably high. They forecast an EPS of $1.57 and anticipate revenues to hit around $8.83 billion.

Analysts remain bullish on Micron's outlook, projecting that the company's profits will more than double from the previous year. The consensus estimates suggest that Micron will unveil revenue of $8.86 billion, a 30% increase year-over-year. This surge is backed by an expected adjusted net income of $1.86 billion, or $1.61 per share, a significant leap from $702 million, or $0.62 per share, reported a year earlier.

The company's shares have witnessed a remarkable upswing, appreciating nearly 50% in value throughout 2025. This uptrend is partially credited to its collaboration with Nvidia (NVDA), which announced better-than-expected quarterly revenue in March, fueled by a tripling in data center sales amid growing demand for AI technologies. Out of the 11 analysts covering Micron, nine have issued a “buy” rating, indicating strong confidence in its future performance.

In light of Micron's impending fiscal third-quarter earnings, analysts at Wedbush have revised their price target for the stock upwards from $130 to $150. This adjustment reflects the robust fundamentals observed in the memory market and a significant shift propelled by high-bandwidth memory (HBM) technology. Wedbush now values Micron at 11 times its EPS estimates, surpassing the usual cycle highs for a memory stock.

An examination of Micron's financial indicators reveals its competitive stance in the market. The company boasts a price-to-earnings (P/E) ratio of approximately 29.50, showcasing the premium investors are willing to pay per dollar of earnings. Its price-to-sales ratio is pegged at about 4.41, denoting the valuation placed on each dollar of sales. Furthermore, the enterprise value to sales ratio stands at roughly 4.65, providing insights into the company's valuation in comparison to its revenue.