Micron Technology Reports Strong Growth Amid AI Demand
Micron Technology (NASDAQ: MU) has begun 2026 with a 39% surge in share price, largely driven by record revenue of $13.6 billion for the first quarter of its fiscal year 2026 (ending November 27, 2025), a 57% increase year-over-year. The company is one of the top three suppliers of high-bandwidth memory (HBM) alongside SK Hynix and Samsung Electronics, and it has partnerships with leading AI firms like Nvidia, AMD, and Intel. Due to overwhelming demand, Micron has ceased its Crucial consumer business and is sold out through 2026.
Given the growing importance of memory chips in artificial intelligence applications, Micron’s strategic focus and order backlog position it for continued growth. The company’s stock trades at 12 times forward earnings, considered a reasonable valuation amidst its positive outlook.
