Reminiscence chipmaker Micron Know-how Inc. (NASDAQ: MU) on Wednesday reported stronger-than-expected earnings for the primary quarter of fiscal 2026. Income elevated 57% year-over-year.
First-quarter revenues rose sharply to $13.6 billion from $8.71 billion within the corresponding interval of 2025, exceeding Wall Avenue’s expectations.
Adjusted earnings had been $4.78 per share within the first quarter, in comparison with $1.79 per share within the year-ago interval. Earnings beat estimates. On an unadjusted foundation, internet earnings was $5.20 billion or $4.60 per share in Q1, in comparison with $1.87 billion or $1.67 per share within the prior-year quarter.
For the second quarter, the Micron management forecasts revenues of $18.7 billion ± $400 million. The forecast for Q2 earnings per share, on an adjusted foundation, is $8.42 ± $0.20.
Commenting on the outcomes, Micron’s CEO Sanjay Mehrotra stated, “Our Q2 outlook displays substantial data throughout income, gross margin, EPS and free money stream, and we anticipate our enterprise efficiency to proceed strengthening by means of fiscal 2026. Micron’s expertise management, differentiated product portfolio, and robust operational execution place us as a vital AI enabler, and we’re investing to help our clients’ rising want for reminiscence and storage.”
