Micron Technology, Inc. (NASDAQ:MU) stock rose Thursday after surpassing fiscal first-quarter 2026 expectations and issuing a robust forecast.
Micron reported first-quarter revenue of $13.64 billion, topping estimates, with adjusted earnings of $4.78 per share. Sales grew 20.5% year-over-year, operating cash flow rose to $8.41 billion, and adjusted free cash flow was $3.9 billion.
“In fiscal Q1, Micron delivered record revenue and significant margin expansion at the company level and also in each of our business units,” CEO Sanjay Mehrotra said.
Related: Micron Q1 Preview: Record Quarter Predicted By Analyst — ‘We Recommend Owning The Stock’
Micron ended the quarter with $12 billion in cash, marketable investments, and restricted cash.
The board also approved a quarterly dividend of 11.5 cents per share, payable Jan. 14, 2026, to shareholders of record as of Dec. 29.
For the fiscal second quarter, Micron projected revenue of $18.7 billion, plus or minus $400 million, which is well above analysts’ estimates. The company guided to adjusted earnings of $8.42 per share, plus or minus 20 cents.
Additionally, Mehrotra emphasized that the second-quarter outlook includes record highs in revenue, gross margin, EPS, and free cash flow, …