MU Earnings: Micron Stock Gains after Smashing Q2 Estimates as AI Demand Surges

FomoAnxiety · 2026-03-19T00:55:30+00:00

Micron reported strong fiscal Q2 results, with EPS of $12.20 and revenue of $23.86 billion, surpassing forecasts. The CEO noted strong demand and tight supply, anticipating continued success in Q3. Wall Street maintains a Strong Buy consensus on Micron stock.

FomoAnxiety

2026-03-19 00:55:30

Abstract generation in progress

Chipmaker Micron MU +0.03% ▲ gained in after-hours trading after reporting strong results for the fiscal second quarter. CEO Sanjay Mehrotra said the company is benefiting from a “strong demand environment” and “tight industry supply,” adding that Micron expects more record results in fiscal Q3.

Claim 70% Off TipRanks Premium

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

Massive Jump in Revenue and Profit

The company delivered adjusted earnings per share (EPS) of $12.20, which easily topped Wall Street forecasts of $9.19 and increased from just $1.56 in the prior-year quarter.

Also, revenue of $23.86 billion came in ahead of consensus expectations of $19.77 billion. Sales in the quarter were up significantly from $8.06 billion reported a year earlier.

Is Micron a Good Stock to Buy?

Wall Street has a Strong Buy consensus rating on Micron stock based on 24 Buys and one Hold recommendation. The average MU stock price target of $473 indicates 1.03% upside potential. It’s worth noting that these estimates will likely change following today’s earnings report.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes