Micron Technology, Inc. (MU) is set to report its second-quarter fiscal 2026 results on March 18, after market close. The company anticipates revenues of approximately $18.7 billion (± $400 million), compared to a Zacks Consensus Estimate of $19.15 billion, reflecting a year-over-year growth of 137.8%. Micron expects adjusted earnings of $8.42 (± $0.20), while the consensus estimate has been revised upward to $8.69, marking a 457.1% year-over-year increase.
Micron’s second-quarter results are likely to benefit from heightened demand for memory chips, driven by the increasing implementation of AI technologies across data centers. The Zacks Consensus Estimate projects DRAM revenues to reach $15.03 billion, signifying year-over-year growth of 145.5%. Additionally, Micron has shown resilience in a challenging market, surpassing earnings estimates in each of the last four quarters with an average surprise of 14.4%.
Over the past year, Micron’s shares have surged 302.2%, outpacing the Zacks Computer – Integrated Systems industry’s rise of 101.8%. The stock trades at a forward 12-month price-to-earnings (P/E) ratio of 9.52, significantly lower than the industry average of 15.49.
