Micron Technology Q1 2026 Results: Record Revenue and Guidance

Micron Technology's stock has surged 200% this year, driven by record Q1 2026 revenue of $13.6 billion, up 57% YoY and 21% from the prior quarter. The company's non-GAAP EPS was $4.78, compared to $3.03 in Q4 2025 and $1.79 in the year-ago quarter. Micron expects Q2 revenue of $18.7 billion at the midpoint of its outlook and non-GAAP gross margin around 68%. The company's growth has been driven by its position as an "essential AI enabler," but higher spending plans and price increases are expected.