Micron's Bull Run Isn't Over
The popular AI stock was flat after the latest report, but there's plenty of good news ahead.
Overview
Micron's (NASDAQ:MU) fourth-quarter numbers are in, and the memory chip superstar delivered another blockbuster report.
Results again exceeded high expectations as revenue jumped 379% to $54.2 billion, ahead of the consensus at $51.5 billion. On the bottom line, adjusted net income soared more than ten times to $38.4 billion, with adjusted earnings per share climbing from $3.03 to $33.42, topping estimates at $31.82 billion.
Details
Wall Street largely shrugged off the move, and that's not surprising. Micron stock is up more than 500% over the last year, and those gains bake in the skyrocketing profits that the company has delivered in fiscal 2026.
Source
Originally published at www.fool.com.