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00:02Micron Technology reported strong first quarter fiscal 2026 results and issued guidance that
00:07exceeded expectations, according to TipRinks. The company reported earnings of $4.78 per share
00:14and revenue of $13.64 billion, both exceeding Wall Street expectations. The stock climbed about 8%
00:22in extended trading on Wednesday. For the second quarter, Micron forecast adjusted earnings of $8.42
00:29per share, plus or minus 20 cents, and revenue of $18.7 billion, both well above analyst expectations.
00:38Management cited rising memory prices, tight supply, and strong AI data center demand.
00:43CEO Sanjay Mehrotra said memory markets are expected to remain tight beyond 2026.
00:49For all things money, visit Benzinga.com.
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