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 Road’s expectations.
Adjusted earnings have 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, web revenue 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 information throughout income, gross margin, EPS and free money stream, and we anticipate our enterprise efficiency to proceed strengthening via fiscal 2026. Micron’s expertise management, differentiated product portfolio, and powerful operational execution place us as a vital AI enabler, and we’re investing to help our clients’ rising want for reminiscence and storage.”
The publish Micron Q1 2026 earnings beat estimates; income surges 57% first appeared on AlphaStreet.
