Micron’s growth is set to accelerate, with strong demand for memory chips driving revenue and earnings growth. The company’s stock has more than tripled in 2026. Micron’s revenue for the latest quarter rose 57% year over year to $13.6 billion, with adjusted earnings up 167% to $4.78 per share. The company anticipates a 132% year-over-year increase in revenue for the current quarter to $18.7 billion. Micron is looking to boost production capacity to meet the surging demand for memory chips, as prices continue to rise due to a shortage in supply.

Investors could see significant gains from Micron in the new year, with consensus estimates predicting a 284% jump in earnings to $31.88 per share for the current fiscal year. The company’s stock could potentially triple in value, trading at $916 after a year. Consider buying Micron now while it is trading at an attractive multiple of 25 times earnings. The Motley Fool Stock Advisor team has identified 10 other stocks for investors to consider, with the potential for significant returns.

Read more at Nasdaq.: Prediction: This Will Be Micron Technology’s Stock Price in 2026