Micron’s Earnings: From Doom to Boom 💸🚀

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Markets

What to know:

  • Micron Technologies just pulled a “look at me now” moment, reporting Q1 2026 revenue of $13.6 billion, up 57% year on year. 💪💼
  • Their earnings shock is like a shot of espresso for the markets, with QQQ up nearly 1% pre-market and Bitcoin chilling above $87,000. ☕📈

From “the market is dead” to “the market is my best friend again” – because nothing says stability like a social media-driven emotional rollercoaster. 🎢😂

Just when everyone was dusting off their “AI bubble burst” think pieces, Micron (MU) swoops in like a hero in a rom-com, proving that memory chips are the new black. Or, you know, just really profitable. 🖤💰

U.S. tech futures are like, “We’re back, baby!” with the Invesco QQQ up nearly 1% pre-market after Wednesday’s 2% nosedive. Bitcoin, meanwhile, is holding steady above $87,000, because apparently it’s in a committed relationship with tech stocks now. 💑📊

According to their 10-Q filing (via TradingView, because who doesn’t love a good financial deep dive?), Micron’s Q1 2026 revenue hit $13.6 billion, up 57% year on year. Gross margins? 56%. Operating income? $6.1 billion. Net income? $5.24 billion. Diluted EPS? $4.60. Basically, they’re the prom queen of earnings reports. 👸📉

AI demand is the real MVP here. Micron’s cloud memory business unit doubled its revenue, and mobile and client revenue jumped 63%. Bloomberg says management is forecasting Q2 2026 revenue of $18 to $19 billion, because apparently they’re sold out of AI memory products like they’re limited-edition sneakers. 👟🤖

Shares are up 12% pre-market to about $250, which is great news for anyone who was starting to worry about their 401(k). Meanwhile, Oracle (ORCL), Broadcom (AVG), and CoreWeave (CRWV) are like, “Hey, can we get some of that AI love too?” 🤔❤️

So, here we are, with AI and crypto equities edging higher, because nothing says “crossover event” like the AI narrative. 🎬🤝

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2025-12-18 15:19