Micron’s guidance for the current quarter indicates accelerating growth, driven by high demand for memory chips and a compelling valuation. The stock has surged 228% in 2026, with outstanding revenue and earnings growth. Micron anticipates a 132% revenue increase and a 440% rise in earnings for the current quarter.

Micron’s strong start to the fiscal year includes a 57% revenue increase to $13.6 billion, with a 167% jump in adjusted earnings to $4.78 per share. The company expects continued growth, with a 132% revenue increase and a 440% earnings surge for the current quarter.

The memory market’s dynamics point to substantial growth for Micron, with high demand for memory chips driving prices up. Micron and other manufacturers are increasing production capacity to meet demand, but shortages are expected to persist in 2026.

Despite efforts to boost production capacity, Micron CEO Sanjay Mehrotra expects to meet only 50-67% of demand due to AI-driven data center needs. This demand-supply imbalance is expected to benefit Micron throughout 2026.

Analysts forecast a 284% earnings jump for Micron in fiscal 2026, with potential for significant stock price growth. Considering its rapid growth, investors may find Micron’s current valuation attractive for future gains.

Read more at Yahoo Finance: This Will Be Micron Technology’s Stock Price in 2026