Micron Reports $13.6 Billion Q1 Revenue, Up 57% Year-Over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Significant Revenue Growth: Micron's Q1 fiscal 2026 revenue reached $13.6 billion, a 57% year-over-year increase, reflecting strong demand driven by the AI data center boom and solidifying its competitive position in the high-bandwidth memory market.
- Substantial Net Income Increase: The company reported a net income of $5.2 billion for the quarter, significantly higher than the $1.9 billion earned in the same period last year, indicating successful cost management and boosting investor confidence in future growth.
- Stock Price Surge: Micron's stock price has soared by 250% over the past year, bringing its market cap to over $340 billion, a growth that reflects optimistic market expectations regarding its future performance, particularly in the rapidly expanding AI chip sector.
- Clear Competitive Advantage: As one of the
Analyst Views on MU
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 362.750
Low
235.00
Averages
336.12
High
500.00
Current: 362.750
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU) and Automotive and Embedded Business Unit (AEBU). CMBU is focused on memory solutions for large hyperscale cloud customers, and high bandwidth memory (HBM) for all data center customers. CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. MCBU is focused on memory and storage solutions for mobile and client segments. AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
