Overview
- Micron is slated to report fiscal Q1 2026 results on Wednesday, Dec. 17 after the market close.
- Stifel raised its price target to $300 and projects Q1 revenue of $13.1 billion and non‑GAAP EPS of $4.12, above consensus estimates of $12.8 billion and $3.91 and above company guidance of at least $12.2 billion and $3.60.
- The firm models gross margin rising to about 53.5% in Q1, up roughly eight points sequentially and above the guided 50.5%–52.5%, citing strengthening contract pricing into year‑end.
- For fiscal Q2, Stifel forecasts $14.9 billion in sales and $5.09 EPS, arguing tighter DRAM and HBM supply and higher prices could extend into early 2026.
- Micron shares have surged roughly 200% this year to near record highs as Wall Street grows more bullish, with recent targets including Citi at $300, Deutsche Bank at $280, Bank of America at $250, and Goldman Sachs at $205.