Micron Technology extended its powerful multi-day surge, closing up 6.99% after reporting strong fiscal Q1 2026 earnings, including record revenue of $13.64 billion, driven by its strategic transition into a core AI infrastructure supplier.
- Management provided upbeat guidance for Q2, expecting substantial records across revenue, gross margin, EPS, and free cash flow, emphasizing its role as an essential AI enabler.
- Analysts highlighted that the company is effectively more than sold out due to surging AI memory demand, anticipating a tight supply environment extending through 2026.
- The stock continued its momentum, trading at $270.28 (+1.64%) after-hours.