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Could Micron Be 2026’s Breakout AI Stock?

Investing.com Logo Investing.com By Shane Neagle
Could Micron Be 2026’s Breakout AI Stock?

Micron Technology delivered exceptional fiscal Q1 2026 results with $13.64B revenue (57% YoY growth) and $4.78 EPS, beating expectations. The company forecasts Q2 revenue of $18.3-19.1B and projects adjusted EPS of $8.22-8.62, far exceeding analyst estimates. As one of only three companies capable of manufacturing high-bandwidth memory (HBM) chips for AI processors, Micron has sold out its entire 2026 HBM supply. Morgan Stanley ranks Micron's upside second only to Nvidia in the AI space, positioning it as a potential 2026 breakout stock.

Insights
MU   positive

Exceptional earnings beat with 57% YoY revenue growth, record operating cash flow, aggressive forward guidance significantly exceeding consensus, sold-out HBM supply through 2026, and positioned as critical AI infrastructure player with immediate profitability scaling.