Micron Technology Inc (MU · NASDAQ)

Micron's momentum remains exceptional: quarterly revenue climbed from $13.64B in the November 2025 quarter to $54.23B in the August 2026 quarter, with trailing-twelve-month revenue of $133.19B, revenue up 379.3% YoY, and earnings up 1060.0%. Margins and returns are extreme — 80.7% gross and operating margins, 63.8% profit margin, 88.3% ROE — while the balance sheet is clean, with $38.36B cash against $5.18B total debt and $26.81B in quarterly free cash flow. The stock closed at $1,029, down 0.7% on the day and 15.2% below its 52-week high, but up 46.7% versus its 200-day SMA, and it beat estimates in all four of its last quarters. A key watch item is competitive risk from China's CXMT, whose next-generation DRAM progress pressured Samsung and SK Hynix shares.