Bull of the Day: Micron Technology (MU)

Micron MU is a world leader in innovative memory and storage solutions that accelerate the transformation of information into intelligence. The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with EPS revisions rising across the board.Image Source: Zacks Investment ResearchLet’s take a closer look at what’s been driving the positivity.Micron Posts Robust Results Micron’s latest results came in notably strong, with the company posting a double-beat relative to our consensus expectations. Sales were up more than +50% YoY to a new record, whereas adjusted EPS climbed an even more impressive +185%.Accelerating demand for AI services drove the growth, with operating cash flow of $8.4 billion also reflecting a record, up nicely from the $5.7 billion print in the same period last year. Below is a chart illustrating the company’s sales on a quarterly basis.Image Source: Zacks Investment ResearchSanjay Mehrotra, CEO, remained notably positive, stating –“Our Q2 outlook reflects substantial records across revenue, gross margin, EPS and free cash flow, and we anticipate our business performance to continue strengthening through fiscal 2026. Micron’s technology leadership, differentiated product portfolio, and strong operational execution position us as an essential AI enabler, and we are investing to support our customers’ growing need for memory and storage.”Bottom LineInvestors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.Micron MU would be an excellent stock for investors to consider, as displayed by its Zack Rank #1 (Strong Buy). 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks