Micron Technology Inc. kicked off its biggest single-day stock gain in more than eight months after delivering an upbeat forecast for the current quarter, signaling that surging demand and supply shortages are allowing the memory-chip maker to charge more for products.

Micron Technology has already reported fiscal first-quarter 2026 results, posting record sales of US$13.64 billion and net income of US$5.24 billion, with earnings per share from continuing operations rising sharply year on year.

Wall Street praised Micron's stellar Q1 earnings. Morgan Stanley said the results were among the biggest surprises in the history of the chip sector.

U.S. stocks are rising following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year.

Micron Technology (NASDAQ:MU) reported its fiscal first-quarter 2026 results yesterday after the market closed and delivered a record-setting performance, while also trouncing Wall Street’s estimates.

Micron reports a strong Q1 and issues upbeat guidance for the future. MU shares are trading at an attractive valuation heading into 2026.

Memory chipmaker Micron Technology Inc. crushed Wall Street’s expectations on earnings and revenue and offered jaw-dropping guidance for the current quarter as it delivered its latest financial results, sending its stock higher in extended trading.

Micron Technology shares rose nearly 16% on Thursday, following an outsized profit forecast on the back of a worldwide supply crunch of memory chips amid robust demand from AI data centres.

*Stock prices used were the after-market prices of Dec. 17, 2025. The video was published on Dec. 17, 2025.