Micron Technology Reports Record Q1 Revenue of $13.6 Billion, Up 57% YoY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Record Revenue: Micron Technology reported a record revenue of $13.6 billion for Q1 of its 2026 fiscal year, marking a 57% year-over-year increase, which indicates a sustained demand for its memory products, particularly driven by AI data centers, thereby solidifying its market position.
- Significant Profitability Improvement: The adjusted earnings per share (EPS) reached $4.78, up 167% from $1.79 a year ago, demonstrating a remarkable enhancement in the company's profitability, which has attracted investor interest and driven stock price increases.
- Strong Stock Performance: As of December 24, Micron's shares rose by 8%, with a year-to-date increase of 240%, reflecting strong market confidence in its future growth potential, especially against the backdrop of rising AI demand.
- Relative Valuation Advantage: Despite its impressive performance this year, Micron's price-to-earnings ratio stands at 27 times, compared to Nvidia's 47 times, indicating its investment value in the AI sector, which may attract more investors seeking reasonable valuations.
MU
$285.04+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.
