Why Micron Technology Stock Soared 304% in the First Half of 2026 and Why There Might Be More to Come

Micron Technology saw its shares surge 304% in the first half of 2026, underscoring a sharp rebound in flash memory and storage demand amid constrained supply. The gain outpaced the S&P 500’s roughly 10% rise in the same period, with the rally continuing after a strong start to the year. In its fiscal 2026 second quarter ended Feb. 26, Micron reported revenue of $23.9 billion, up 196% year over year, and $12.07 diluted EPS, up 756%, with multiple business segments posting triple- to multi-hundred-percent growth. In the fiscal 2026 third quarter ended May 28, revenue jumped to $41.5 billion (up 346% year over year) and EPS rose to $24.67, more than 13-fold. Management guided for another triple-digit quarter, including fourth-quarter revenue growth of 342% to $50 billion.