These Analysts Increase Their Forecasts On Micron After Better-Than-Expected Q1 Results

Micron Technology Inc. (NASDAQ:MU) reported better-than-expected earnings for the first quarter of fiscal 2026 and issued a strong outlook for the second quarter on Wednesday.

Micron reported first-quarter revenue of $13.64 billion, topping analyst estimates of $12.83 billion, according to Benzinga Pro. The chip company posted adjusted earnings of $4.78 per share for the quarter, exceeding analyst estimates of $3.95 per share.

"In fiscal Q1, Micron delivered record revenue and significant margin expansion at the company level and also in each of our business units," said Sanjay Mehrotra, chairman, president and CEO of Micron.

Micron sees second-quarter revenue of $18.7 billion, plus or minus $400 million, versus estimates of $14.16 billion. The company anticipates second-quarter adjusted earnings of $8.42 per share, plus or minus 20 cents.

Micron shares jumped 11.4% to trade at $251.54 on Thursday.

These analysts made changes to their ...

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These Analysts Increase Their Forecasts On Micron After Better-Than-Expected Q1 Results

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