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Micron Sparks a Repricing as Q2 Guidance Signals a New Phase of Margin Expansion

Investing.com Logo Investing.com By Timothy Fries
Micron Sparks a Repricing as Q2 Guidance Signals a New Phase of Margin Expansion

Micron Technology reported strong Q1 2026 earnings, with revenue of $13.64 billion and adjusted EPS of $4.78, significantly exceeding Wall Street expectations. The company's performance is driven by surging AI-related memory chip demand, with exceptional Q2 guidance projecting revenue of $18.70 billion.

Insights
XRT   neutral

ETF has stumbled after mid-year ascent, reflecting uncertainty in the retail sector


MU   positive

Exceeded earnings expectations, strong Q2 guidance, 168% year-to-date stock performance, significant revenue growth in AI-driven memory chip market