Trending Now - Micron Shares Surge on Optimism for Impressive Earnings Results
WHO:
Micron Technology Inc., the largest US maker of memory chips
Hendi Susanto, portfolio manager at Gabelli Funds, which manages about $35 billion in assets
Peers: Sandisk Corp., Western Digital Corp.
WHAT:
Micron Technology, Inc. reported fiscal second-quarter earnings for 2026, with revenue of $23.86 billion, which is a year-over-year growth of 196.4%, surpassing the consensus estimate of $19.51 billion.
Micron shares were up 0.8% in midday trading on March 18th, 2026.
Options traders are anticipating a significant post-earnings swing in Micron shares, with activity in the March 20th, 2026 expiration chain suggesting the market expects an upside surprise when the memory chipmaker reports results after the close on March 18th, 2026.
Micron shares have increased by 63% in 2026 and 239% in 2025
Micron is expected to report fiscal second-quarter net income of $10.1 billion on revenue of $19.6 billion
This represents growth of 540% in net income and 144% in revenue compared to the previous year
Micron shares closed at a record $461.69 on March 17th, 2026
Micron's market value is approximately $520 billion, up from $100 billion at the end of 2024
An index of spot prices for dynamic random access memory chips has increased by more than 500% since the end of September 2025
WHERE:
Boise, Idaho, where Micron Technology Inc. is based
WHEN:
Earnings report is scheduled for after the close on March 18th, 2026
The first quarter of 2024 was when Micron last reported a loss
WHY:
Increased demand for memory and storage components driven by heavy spending on artificial intelligence computing
Current pricing environment is expected to be sustained due to tight supply and sold-out capacity projected for the following year
HOW:
Investors are optimistic about elevated prices for memory chips bolstering Micron’s quarterly results and forecasts
Wall Street is betting that memory prices will not fall soon due to the difficulty of adding significant production capacity
(UPDATED March 19, 2026 07:18 UTC)
Micron Technology, Inc. announced its fiscal second-quarter earnings for 2026 this morning, reporting a remarkable revenue of $23.86 billion. This figure marks an impressive year-over-year growth of 196.4%, significantly exceeding the consensus estimate of $19.51 billion. The strong performance highlights Micron's continued success in the technology sector.
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(UPDATED March 19, 2026 05:26 UTC)
Micron shares saw a modest increase of 0.8% during midday trading last Monday. Options traders are gearing up for a notable post-earnings movement in Micron's stock, with the March 20th expiration chain indicating expectations of an upside surprise when the memory chipmaker releases its results. Investors are keenly awaiting those earnings, which were reported after the market closed last Monday.
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(UPDATED March 18, 2026 19:29 UTC)
Micron Technology Inc., the largest U.S. maker of memory chips based in Boise, Idaho, is set to report a remarkable fiscal second-quarter net income of $10.1 billion on revenue of $19.6 billion, reflecting a staggering growth of 540% in net income and 144% in revenue compared to the previous year. Shares of Micron closed at a record $461.69 on March 17, 2026, and have surged by 63% this year and an impressive 239% last year, driven by increased demand for memory and storage components amid heavy spending on artificial intelligence computing. Investors remain optimistic about the company's future, as the current pricing environment for memory chips is expected to be sustained due to tight supply and sold-out capacity projected for the upcoming year.