Michael D. Cordano, Executive Vice President of Worldwide Sales at Micron Technology (NASDAQ: MU), has sold nearly $1.5 million worth of the company's stock, according to a recent regulatory filing.
Micron Technology, Inc. delivered robust Q2 results, with revenue up 196% YoY and adjusted EPS surging 682%, far surpassing expectations. Q3 guidance is exceptionally strong, projecting revenue up 260% YoY, gross margin near 81%, and EPS midpoint of $19.15, indicating continued pricing power. Despite emerging risks from memory-reducing algorithms and recent spot price declines, Micron's forward P/E of 7.94 offers a compelling margin of safety.
Micron Technology posted exceptional Q2 2026 results, with revenue up 196% YoY and gross margin soaring to 74.4%. MU's growth is powered by surging DRAM and NAND demand, driven by AI/data-center buildouts and higher memory intensity across end markets. Despite strong earnings, market concerns center on MU's aggressive capex plans—over $25B in FY26 and a significant increase in FY27—potentially leading to future oversupply and margin compression.
One year ago, Micron Technology was trading at roughly $70 a share. Today, Micron Technology (NASDAQ:MU | MU Price Prediction) sits at $450.49, a gain of 557% over the past twelve months.
Micron Technology, Inc. MU has delivered a sharp improvement in profitability, driven largely by the ongoing artificial intelligence (AI) boom. The company's non-GAAP gross margin improved 1,730 basis points to 56.8% in the first quarter of fiscal 2026 and increased 3,700 basis points to 74.9% in the second quarter.
Following a sharp drop in mid-March driven by a memory-related Google (NASDAQ: GOOGL) breakthrough, Micron (NASDAQ: MU) stock has gained substantial bullish momentum, rising more than 40% in two weeks.
Zacks.com users have recently been watching Micron (MU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Micron Technology (NASDAQ:MU | MU Price Prediction) presents a compelling bull case at $420.52.
It didn't take all too long for shares of memory chip titan Micron (NASDAQ:MU | MU Price Prediction) to bounce back from a brief plunge into bear market territory.
Following a dynamic month that first saw a 30% plunge and then a 30% rally for Micron (NASDAQ: MU), Mizuho Securities elected to raise its already bullish outlook for the memory company.
AI semiconductor stocks have been holding up, and some have been soaring.
Micron is one of the chip stocks with the best risk/reward ratio heading into earnings season, according to KeyBanc.