Micron Technology Inc (NASDAQ:MU) reported earnings for the first quarter of fiscal 2026 after the bell on Wednesday. Here’s a rundown of the semiconductor company’s report.
- Micron Technology shares are experiencing downward pressure. Why is MU stock retreating?
Q1 Key Details: Micron reported first-quarter revenue of $13.64 billion, topping analyst estimates of $12.83 billion, according to Benzinga Pro. The chip company posted adjusted earnings of $4.78 per share for the quarter, exceeding analyst estimates of $3.95 per share.
Total revenue was up approximately 20.5% on a year-over-year basis. Operating cash flow came in at $8.41 …