MU is trading at $359.98 (+6.93%), extending its rally following stellar fiscal Q1 2026 results and strong AI tailwinds driving memory chip sector demand.
- Q1 2026 results (announced December 17) featured record revenue of $13.64B and non-GAAP EPS of $4.78.
- The company provided strong Q2 guidance, projecting revenue of $18.7B.
- Analysts have sharply boosted estimates (up +90% for current quarter EPS), earning a Zacks #1 Strong Buy rating amid broader semiconductor strength boosted by TSMC's earnings.