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Micron Stock Surges 300% in First Half of 2026, Enters S&P 500 Top 10 After Record Earnings

GateNews
Stocks
According to StockTwits, Micron Technology shares surged over 300% in the first half of 2026, marking the stock's best first-half performance on record and propelling MU into the S&P 500's top 10 constituents by weight at 1.9% of the index. Last week, Micron reported record fiscal third-quarter results with revenue rising 346% year-over-year and gross margin more than doubling to 84.9%. The company announced 16 multi-year customer agreements with minimum-pricing provisions expected to sustain elevated margins. Analysts remain bullish, with 38 of 43 covering the stock recommending 'Buy' or higher; their average price target of $1,454.13 implies 27% upside from current levels.
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