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Story summary
- Micron posted fiscal 2026 first-quarter revenue of $79 billion, a 203% increase from the prior year.
- Micron’s net income for the quarter rose to $47 billion, up from $5.3 billion a year earlier.
- Micron’s stock surged 15-fold since April 2025, then dropped 22% from its June peak before the Sept. 30 earnings.
- Analysts project 247% revenue growth in 2026, 88% in 2027, warning a P/E above 100 could cut stock >50%.
