Micron Technology posted strong quarterly results for the fourth fiscal quarter, with adjusted earnings of $33.42 per share beating the $31.61 expected, and revenue of $54.23 billion exceeding the $51.07 billion consensus, nearly four times higher than the same period last year. The chipmaker also issued better-than-expected guidance for the current quarter, forecasting adjusted earnings of $38.15 per share on revenue of about $61.5 billion. Despite these results, the stock remained flat in premarket trading, in stark contrast to its 273 percent year-to-date gain in 2026 driven by memory demand boom from artificial intelligence adoption. Deutsche Bank maintains a buy rating with a $1,550 price target, representing nearly 46 percent upside, citing structurally sound fundamentals for the memory sector.
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