Micron’s Q1 2026 revenue nearly tripled year-over-year, exceeding estimates by $20 billion amid strong high-bandwidth memory demand.
Micron Technology (NASDAQ:MU) closed at $1,087.99 on June 15, 2026, posting a 55.71% one-month return and an 804.10% gain over the past year. The company’s market capitalization reached $1.22 trillion.
Revenue nearly tripled year-over-year in Q1 2026, surpassing consensus estimates by $20 billion. Earnings also exceeded Street expectations, driven by explosive demand for high-bandwidth memory (HBM). Micron confirmed its entire 2026 HBM supply is contracted under fixed-price agreements and announced a 30% dividend increase.
Shares pulled back in late March amid broader geopolitical concerns and rising Treasury yields, despite the strong results. The company guided fiscal Q3 revenue above prior full-year levels.