Micron’s stock leaped more than 8% in after-hours trading Wednesday after the company posted a blockbuster first-quarter report, according to WSTM.
The chipmaker reported $13.6 billion in revenue for Q1 of fiscal 2026, up more than $2 billion from the prior quarter. Company leaders pointed to booming demand tied to artificial intelligence and projected even stronger results ahead, including an $18.7 billion revenue outlook for Q2.
Micron also announced a quarterly dividend of 11.5 cents per share, payable in January. The company plans to break ground on its massive Clay facility by month’s end, with construction expected to stretch over 15 years.
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