Micron Is Still One Of The Best Stocks In This Current Market
Seeking Alpha • • business
Key Points:
- Micron Technology reported a record-breaking Q2 2026 with revenue increasing 196% and earnings per share (EPS) rising 682% year-over-year, significantly exceeding market expectations.
- The company’s strategic shift towards high-value AI memory and storage products, while exiting lower-priority consumer segments, has fueled its rapid earnings and revenue growth.
- Micron’s forward guidance is highly optimistic, projecting Q3 2026 revenue of $33.5 billion, gross margins of 81%, and non-GAAP EPS of $19.15.
- Analyst Bill Gunderson recommends Micron as a Buy with a five-year target price of $726.12, representing an 84% potential upside despite industry cyclical risks and competition.
- The article reflects the author’s personal investment position in Micron and is intended for informational purposes, not as formal investment advice.
