Micron Technology is crushing expectations to a degree that's reminiscent of Nvidia's breakout performances at the beginning of the artificial-intelligence boom three years ago, a Deutsche Bank analyst noted.
Micron Technology (NASDAQ: MU) has received a major boost from Wall Street after Barclays raised its price target to a street-high $675, up from the previous $450, following the company's latest earnings report released on March 19.
MU's Q2 revenues jump 196%, while EPS soars 682% year over year, driven by strong demand for its high bandwidth memory products.
Though the chipmaker reported blowout Q2 earnings, expectations are now so high that its share price fell in after-hours trading. The stock is up more than 350% in the past year, however, thanks to a memory supply shortage driven by surging demand for Nvidia's AI chips.
Micron Technology (MU) delivered Q2 results and guidance that far exceeded Wall Street expectations, driven by AI-fueled memory demand. AI drone firm Swarmer (SWMR) jumps 1,000% in two days.
Micron's shares dropped more than 4% before the bell on Thursday, as the chipmaker's plans for heftier capex spending unnerved investors, taking the shine off another round of AI-fueled blockbuster quarterly earnings.
Micron Technology, Inc. (MU) Q2 2026 Earnings Call Transcript
Micron Technology (MU) slipped notably after market close on March 18, even though the memory chips specialist posted a blowout quarter featuring a nearly 200% year-on-year increase in revenue to $23.86 billion. And while this weakness is being attributed primarily to the firm's warning that capex will step up “meaningfully” this year, part of it is actually related to an attack on Qatar's energy infrastructure, specifically the Ras Laffan industrial complex, amidst continued escalations between the US and Iran.
Micron Technology, Inc. (MU) Q2 2026 Earnings Call Transcript
Micron Technology, Inc. delivered a massive Q2 FY26 beat, with revenue up 196% YoY to $23.86B and EPS of $12.20, far surpassing consensus. MU's Q3 guidance is extraordinary: revenue forecast at $33.5B and EPS at $19.15, both dramatically above Street expectations, with gross margin outlook at 81%. AI-driven demand and structural supply constraints in DRAM/NAND are fueling MU's outperformance, while the stock maintains a top Quant system Strong Buy rating.
Although the revenue and EPS for Micron (MU) give a sense of how its business performed in the quarter ended February 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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