1 AI Stock to Buy Before the Market Realizes Its Mistake
Micron Technology has delivered a significant earnings beat, with revenue and non-GAAP EPS exceeding estimates. Despite this, the stock has pulled back, and analysts see a valuation disconnect, with the company trading below its earnings trajectory.
Micron Technology posted strong fiscal Q2 2026 results, with revenue of $23.86 billion and non-GAAP EPS of $12.30. The company guided Q3 FY26 revenue to $33.5 billion and non-GAAP EPS of $19.15. Micron's stock has pulled back despite the strong results, and analysts see a valuation disconnect. The company trades at a trailing P/E of 19x and a forward P/E of 4x. Micron's entire 2026 supply of HBM4 is sold out, and the company has limited clean room space, translating into pricing power and margin durability. Analysts are bullish on the stock, with 34 of 38 rating it a buy or strong buy.
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