Micron Technology Reports Record $13.6 Billion Revenue in Q1 2026, Shares Up 39%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Strong Financial Performance: Micron Technology reported a record revenue of $13.6 billion for Q1 2026, marking a 57% year-over-year increase, which not only reflects robust demand in the memory market but also lays a solid foundation for future growth.
- AI Demand Surge: As artificial intelligence technology rapidly evolves, Micron, as a key supplier of high-bandwidth memory (HBM), is meeting high demand from leading AI companies like Nvidia, AMD, and Intel, thereby strengthening its market position.
- Strategic Shift: Micron's decision to discontinue its Crucial consumer business to focus on AI memory needs, with product shipments ending next month, will further optimize resource allocation and enhance profitability.
- Optimistic Market Outlook: Despite a 39% rise in Micron's stock price, its forward P/E ratio remains at 12 times, making it a reasonable valuation that encourages investor optimism regarding future performance, especially supported by strong order backlog and ongoing partnerships.
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: 397.580
Low
235.00
Averages
336.12
High
500.00
Current: 397.580
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.
