--- title: "M Stanley Expects Micron Technology, Inc. to Raise Earnings Forecast, but Increase to Be Smaller Than Previous Quarters" type: "News" locale: "en" url: "https://longbridge.com/en/news/300398532.md" description: "Morgan Stanley expects Micron Technology to raise its earnings forecast, though the increase will be smaller than in previous quarters. The broker maintains an Overweight rating with a $1,200 target price, citing strong demand and rising prices in DRAM and NAND markets. Morgan Stanley forecasts Q4 revenue of $50.02 billion and Q1 revenue of $57.56 billion, highlighting favorable conditions despite some consumer market uncertainty." datetime: "2026-09-29T07:50:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300398532.md) - [en](https://longbridge.com/en/news/300398532.md) - [zh-HK](https://longbridge.com/zh-HK/news/300398532.md) generator: "portal-rs" --- # M Stanley Expects Micron Technology, Inc. to Raise Earnings Forecast, but Increase to Be Smaller Than Previous Quarters Morgan Stanley published a research report stating that Micron Technology, Inc. (MU.US) will announce its results after the US market closes on Wednesday (30 Jul). Market focus has shifted to how long the upcycle can be sustained, which will take more time to become clear. The broker expected this set of results to still include upward revisions to earnings forecasts, but the magnitude would be smaller than in previous quarters. It maintained an Overweight rating and a TP of USD1,200. The broker believed current conditions remain highly favorable, with strong demand and rising prices. Consensus has already formed around the DRAM market, while NAND is also gradually becoming a consensus view after TrendForce sharply raised its forecasts several weeks ago. Although there is not yet full visibility on pricing for 4Q26, the broker believed the starting point has already risen by 15% to 20%, and it has indeed seen some prices moving even higher. While there is some uncertainty in the consumer market, supply has shifted toward the enterprise market. Based on its channel checks, the broker remained confident that all memory purchased by enterprise customers is being put into use immediately. However, long-term agreements may slightly dilute the upside impact. The broker forecast revenue for the fourth fiscal quarter ending August at USD50.024 billion, up 342.1% YoY and 20.7% QoQ, versus market expectations of USD50.923 billion. Gross margin was forecast at 86.4%, compared with market expectations of 85.3%. EPS was projected at USD31.2, below market expectations of USD31.49. For the first fiscal quarter ending November, the broker forecast revenue of USD57.56 billion, up 321.9% YoY and 15.1% QoQ, versus market expectations of USD56.644 billion. Gross margin was forecast at 88.1%, compared with market expectations of 85.3%. EPS was projected at USD35.57, versus market expectations of USD35.07. (ha/da)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.) ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) ## Related News & Research - [RBC Capital reiterates Outperform rating on Micron Technology, $1500 price target](https://longbridge.com/en/news/300689290.md) - [Micron's Customers Are Worried About Securing DRAM Even 5 Years From Now](https://longbridge.com/en/news/300712063.md) - [Why Micron’s 87% gross margin is a blessing and a curse](https://longbridge.com/en/news/300718008.md) - [RAM supply set to worsen, says Micron, as CEO celebrates ‘much higher’ prices](https://longbridge.com/en/news/300638654.md) - [Micron reports another beat-and-raise earnings. The stock is unchanged.](https://longbridge.com/en/news/300617796.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**