Micron Technology Sees Soaring Demand with $13.6 Billion Revenue in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Significant Revenue Growth: Micron Technology reported a record revenue of $13.6 billion in Q1 of its 2026 fiscal year, marking a 57% year-over-year increase, which underscores its pivotal role in the AI memory market and is expected to drive further stock price appreciation.
- Strong Market Demand: The rapid advancement of AI technology has led to a surge in demand for Micron's high-bandwidth memory (HBM), with the company projected to be sold out through 2026, highlighting its critical position in the memory supply chain.
- Strategic Shift: Micron's decision to discontinue its Crucial consumer business and focus on partnerships with AI leaders like Nvidia, AMD, and Intel demonstrates its commitment to high-growth markets, which is expected to enhance long-term profitability.
- Attractive Valuation: Despite a 39% increase in stock price, Micron trades at a forward P/E ratio of 12, indicating that its shares remain appealing for investors, potentially yielding substantial returns if it meets or exceeds earnings expectations.
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.
