Prediction: This Is What $2,000 Invested in Micron Stock Today Could Be Worth by 2029
Micron Technology (NASDAQ: MU) just closed out one of the strangest, most extraordinary fiscal years a chipmaker has ever posted. Revenue in its fiscal 2026 hit $133.2 billion, up 256% from the year before, earnings soared almost tenfold from $7.59 per share to $74.33 per share, and the company went from an afterthought in most portfolios to a roughly $1.1 trillion megacap in the space of about 18 months.
I feel like I’ve spent the entire year checking this ticker, only to see the stock post consistently breathtaking gains. Before getting into what $2,000 invested in it today might look like in 2029, it’s worth understanding exactly what this company is up to. Let’s get into what’s driving these numbers that large, because it isn’t hype. It’s a genuine, physical shortage of the memory chips that AI data centers need in growing amounts.
Micron’s fiscal fourth-quarter results showed revenue of $54.23 billion, up 31% sequentially and 379% year over year. That marked the company’s sixth consecutive quarterly revenue record. Non-GAAP earnings per share came in at $33.42, up from $3.03 in the prior-year period, and for the fiscal year, gross margin expanded to 81.1%, a 40-percentage-point jump from fiscal 2025. DRAM revenue alone topped $100 billion for the year, with fourth-quarter DRAM sales up 343% from a year earlier. Management is guiding for first-quarter fiscal 2027 revenue to land between $60 billion and $63 billion, meaning it expects the boom to keep accelerating.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.