Micron Technology reported a strong start to fiscal year 2026, with record revenue of $13.6 billion in the first quarter. The company’s DRAM segment saw a 69% year-over-year revenue increase, while NAND revenue rose 22%. Micron’s gross margin increased to 56.8%, driving profitability growth. Management is optimistic about future growth, expecting demand to exceed supply in both DRAM and NAND, supporting strong financial performance in fiscal 2026 and beyond. Analysts project a 149.4% increase in earnings per share for the year, with further growth anticipated in fiscal 2027. Micron’s stock valuation is considered attractive relative to expected earnings growth, with a “Strong Buy” consensus rating from Wall Street analysts.

Read more at Yahoo Finance: Is Micron Stock a Buy After Q1 Earnings?