US Markets
Home›US Markets›Equities›Micron’s volatile trading masks strong revenue and pro…
Micron’s volatile trading masks strong revenue and profit growth
Micron reported $79 billion in revenue for the first nine months of fiscal 2026 ended May 28, alongside $47 billion in net income over the first three quarters and trailing P/E at 20 with a forward P/E of 12.
Micron Technology shares have swung sharply, with the stock up almost 690% over the past 12 months before dropping nearly 30% from a peak in June, according to Yahoo Finance. The article attributes investor hesitation in part to Micron’s history of extreme volatility, which it says can complicate how investors price the company’s growth potential.
Yahoo Finance highlights that demand and chip pricing can boost revenue dramatically when demand exceeds supply, but the same dynamics can reverse quickly when oversupply emerges, sending profits and the stock down. It notes that oversupply is not the current setup, pointing to a surge in fiscal 2026 performance.
For the first nine months of fiscal 2026 ended May 28, Micron’s revenue reached $79 billion, up 203% year over year, the outlet said. It also cited net income of $47 billion for the first three quarters of fiscal 2026, versus $5 billion a year earlier, and said the $47 billion figure represented a 60% net margin.
Looking ahead, Yahoo Finance said analysts forecast 247% yearly revenue growth for the current fiscal year and 85% revenue growth for fiscal 2027, suggesting the upcycle could continue. The article adds that despite the growth, Micron’s trailing P/E is 20 and the forward P/E is 12, indicating investors have not bid the stock price higher as much as the forecast growth might imply.