Overview
- Shares have jumped more than 700% over 12 months as analysts grow more bullish, including a $1,000 price target from D.A. Davidson.
- Micron posted $23.86 billion in fiscal Q2 2026 revenue and guided Q3 sales to about $33.5 billion alongside much stronger margins.
- The company has sold out its high‑bandwidth memory through 2026, and customers are signing multi‑year contracts for supply.
- High‑bandwidth memory is a fast, stacked chip that sits close to AI processors to feed data quickly, which makes it critical for training and running large models.
- The board raised the quarterly dividend by 30% after the blowout quarter, while industry leaders warn wafer shortages could persist as data centers take a larger share of memory demand in 2026.