Micron Technology reported fiscal first-quarter results that beat Wall Street expectations for sales and earnings per share. Micron shares rose in extended trading.
Micron has been a victim of souring AI sentiment lately, but its upbeat outlook has Wall Street now feeling better about the path forward.
Micron Technology Inc (NASDAQ:MU) on Wednesday posted stronger-than-expected fiscal first-quarter results and forecast robust growth for the next quarter, sending shares up 5.4% in after-hours trading. The memory chip maker reported revenue of $13.64 billion for Q1'26, beating analysts' estimates of $12.95 billion.
The memory-chip maker posted a quarterly profit of $5.24 billion, up from $1.87 billion a year earlier.
Kim Forrest, CIO of Bokeh Capital Partners, says she expects a strong near-term outlook for Micron as demand for its DRAM products remains robust. She discusses the company's momentum with Caroline Hyde on “Bloomberg Tech.
As 2025 comes to a close, the technology sector is once again outperforming all 11 S&P 500 sectors, thanks largely to the ongoing AI boom. The sector has climbed more than 24% this year, fueled by surging demand for artificial intelligence.
Micron Technology ( NASDAQ:MU ) is scheduled to release its fiscal first-quarter earnings today after the market closes, and Wall Street is expecting nothing short of spectacular.
Stock futures are ticking higher this morning as the market looks to rebound from a recent slump fueled by concerns about an AI bubble; memory chip maker Micron Technology is slated to release its quarterly results after the closing bell; OpenAI is reportedly in talks to get $10 billion or more in new investment from Amazon; Tesla shares come into today's session fresh off their first record closing high in a year; and Warner Bros. Discovery is urging its shareholders to reject the takeover offer from Paramount Skydance.
Micron (MU) reports earnings after Wednesday's closing bell, and Stephen Spoko sees high expectations for the company. He expects the "sustaining story" to be the chipmaker's execution, believing the company needs to add muscle to its product line to shoo away competition like Samsung.
Micron has delivered one of the year's most impressive performances, with shares rising more than 180% year-to-date.
MU, SANM and PAHC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on Dec. 16, 2025.
Micron Technology (NASDAQ:MU) has shown remarkable performance, with its stock rising approximately 170% year-to-date, establishing it as a prominent player in the semiconductor sector. This surge is primarily fueled by the boom in Artificial Intelligence (AI) infrastructure and its wider impact on the memory market.