Micron (MU) Q1 2025 Earnings Preview: Analysts See Gains Ahead

Micron Technology (NASDAQ:MU) is set to report its fiscal Q1 2025 earnings after the market closes on Wednesday. Investor sentiment is bullish, with nearly all analysts tracking the stock recommending a "buy."

According to Visible Alpha, 14 of the 15 analysts covering Micron have a "buy" rating, with a consensus price target of $142. This represents a potential upside of about 40% from Friday’s closing price of $102.50.

Big Turnaround Expected

Wall Street is forecasting a dramatic shift in Micron’s financials. Revenue is expected to reach $8.72 billion, an 84% jump from the same period last year. Even more notable is the anticipated swing to profitability. Analysts predict net income of $1.84 billion, or $1.58 per share, compared to a $1.23 billion loss, or $1.12 per share, a year earlier.

Micron’s growth is getting a major boost from federal support. The company recently secured a grant of up to $6.165 billion as part of the U.S. CHIPS and Science Act of 2022. This funding will help Micron expand semiconductor production in New York and Idaho. The company plans to invest $100 billion in New York and $25 billion in Idaho over two decades, creating 20,000 jobs.

Year-to-date, the stock is up about 20%, reflecting growing optimism around the company’s turnaround and new growth prospects.