Micron Reports Record $13.6B Revenue in Q1 2026, Up 57% YoY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: NASDAQ.COM
- Record Revenue: Micron reported a record revenue of $13.6 billion for Q1 2026, marking a 57% year-over-year increase, which highlights the strong demand for its memory products, particularly driven by AI data centers.
- Significant Earnings Growth: The adjusted earnings per share (EPS) surged to $4.78 from $1.79 a year ago, reflecting a 167% increase that indicates a substantial improvement in profitability, thereby boosting investor confidence.
- Strong Stock Performance: Micron's shares rose 8% through December 24, contributing to a remarkable 240% increase in 2025, which reflects market optimism regarding its growth potential, especially with the increasing demand in the AI sector.
- Reasonable Valuation: Despite its strong performance this year, Micron trades at a price-to-earnings ratio of 27, lower than many AI companies at 47, indicating its investment attractiveness in a rapidly growing market, although risks associated with its dependence on AI remain a consideration.
MU
$284.7+Infinity%1D
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 228.21 USD with a low forecast of 170.00 USD and a high forecast of 325.00 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.
29 Analyst Rating
26 Buy
3 Hold
0 Sell
Strong Buy
Current: 286.680
Low
170.00
Averages
228.21
High
325.00
Current: 286.680
Low
170.00
Averages
228.21
High
325.00
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 Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU segment includes memory products and solutions sold into the data center, PC, graphics, and networking markets. MBU segment includes memory and storage products sold into the smartphone and other mobile-device markets. EBU segment includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets. SBU segment includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets.
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.
