Micron (MU) Jumps Anew Ahead of Earnings

Micron Technology (NASDAQ:MU) is one of the 10 Stocks Worth Watching Right Now .

Micron Technology rallied for a second day on Monday, jumping 3.68 percent to close at $441.80 apiece, as investors loaded portfolios ahead of the results of its earnings performance.

In a notice to its investors, Micron Technology (NASDAQ:MU) said that it would release its financial and operating highlights for the second quarter of fiscal year 2026 after market close on Wednesday, March 18. A conference call will be held to discuss the results.

For the said period, the company is targeting to report GAAP revenues of $18.70 billion, plus or minus $400 million. Gross margin is also expected at 7 percent, plus or minus 1 percent, while diluted earnings per share are pegged at $8.19, plus or minus $0.20.

Earnings aside, Micron Technology (NASDAQ:MU) over the weekend announced the completion of its acquisition of Powerchip Semiconductor Manufacturing Corporation's P5 site in Miaoli County, Taiwan.

The new site will complement its existing operations in Taichung. The site includes approximately 300,000 square feet of existing 300mm cleanroom space and will support increased production of DRAM products, including HBM.

Micron Technology (NASDAQ:MU) began preparations for the new Tongluo site following the deal announcement in January 2026 and will now kick off with the retrofitting of the existing cleanroom.

The Tongluo site is expected to support product shipments from the existing fab beginning in fiscal 2028.

It is also planning the next phase of expansion at the site, with construction set to begin by the end of fiscal 2026 on a second facility of comparable scale, adding approximately 270,000 square feet of cleanroom space.

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