MU is trading at +3.25% now at $344.20, fueled by a broader tech recovery and optimistic analyst actions following record earnings.
- Micron's Q1 FY2026 results showed record revenue of $13.64B and net income of $5.24B, primarily driven by AI memory demand.
- Q2 guidance projects significant forward revenue growth, targeting $18.7B.
- Positive analyst actions, including RBC's Outperform rating at $425, fuel optimism, with some targets raised up to $450.