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.
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.’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. 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.
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This article is originally published at Insider Monkey.
