For fiscal 2026's Q1, Micron expects its revenue to grow by a midpoint of 43.5% year over year as its adjusted gross margin expands to 50.5% to 52.5%. For the full year, analysts expect its revenue and adjusted earnings per share ( EPS) to increase 42% and 99%, respectively.

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Micron's business has been booming due to AI-powered demand recently. The company widely outperformed expectations in its most recent quarter, and its shares have nearly doubled this year. At a market cap of $183 billion, this may seem like a fairly modestly valued business to invest in, especially given the growth potential it possesses.