1. Micron exceeded Q1 estimates with $13.64 billion in revenue. 2. Projected Q2 revenue of $18.7 billion, above analyst expectations. 3. CEO expects continued business strengthening through fiscal 2026. 4. Analysts raised MU price forecasts, indicating strong market confidence. 5. Micron plans increased capital expenditures to expand production capacity.
FAQ
Why Very Bullish?
Micron's strong earnings and positive forecasts demonstrate robust financial health, reminiscent of past successful quarters.
How important is it?
The article highlights strong fiscal performance and bullish forecasts, crucial for MU's stock trajectory.
Why Long Term?
The sustained growth in revenue and capacity planning bodes well for MU's future performance.