Micron Earnings Face High Expectations as Its Stock Keeps Rising

Soaring prices for memory chips have made Micron Technology Inc. one of the standout stocks of 2026, and its earnings after the close on Wednesday will give clues on whether the rally is sustainable.

Micron shares have soared 63% to start the year, among the best performers in the S&P 500 Index, after jumping 239% in 2025. The biggest US maker of memory chips is benefiting from heavy spending on artificial intelligence computing that’s driving demand for memory and storage components, as are high-flying peers Sandisk Corp. and Western Digital Corp.