Micron Technology (MU) Releases Results for Q1 2026

Micron Technology, Inc. (NASDAQ:MU) is one of the Best Stocks to Invest in for the Next 3 Years. On December 17, the company released its results for Q1 2026, with revenue coming at $13.64 billion compared to $11.32 billion for Q4 2025 and $8.71 billion for Q1 2025. Micron Technology, Inc. (NASDAQ:MU)’s revenue increased 57% mainly because of the increases in sales of both DRAM and NAND products. The sales of DRAM products rose 69% mainly due to a mid-30% range increase in average selling prices and a mid-20% range increase in bit shipments.

Micron Technology (MU) Releases Results for Q1 2026

The sales of NAND products went up by 22% mainly because of a high-20% range increase in bit shipments, partially mitigated by the mid-single-digit percent range decline in average selling prices. Micron Technology, Inc. (NASDAQ:MU)’s operating income increased to $6,136 million in Q1 2026, up from $2,174 million in Q1 2025, amidst a higher gross margin. Its gross margin came in at $7,646 million in Q1 2026 compared to $3,348 million in Q1 2025.

For Q2 2026, Micron Technology, Inc. (NASDAQ:MU) expects non-GAAP revenue to be $18.7 billion (plus or minus $400 million), and gross margin to be in the range of 68% (plus or minus 100 basis points).

Shortly after the earnings release, on December 18, Deutsche Bank lifted the price target on the company’s stock to $300 from $280, while keeping a “Buy” rating.

While we acknowledge the potential of MU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.