Micron Technology (MU) Soars to All-Time High Ahead of Dividend Payout

We recently published 10 Stocks Quietly Climbing Toward 2026. Micron Technology Inc. (NASDAQ:MU) is one of the best performers on Monday.

Micron Technology bounced back on Monday to hit a new all-time high, as investors resorted to last-minute buying to qualify for the next dividend payout.

At intra-day trading, the stock surged to its highest price of $294.50 before trimming a few cents to end the day just up by 3.41 percent at $294.37 apiece.

As part of its quarterly dividend payment, Micron Technology Inc. (NASDAQ:MU) said that all common shareholders as of December 29 record are set to receive $0.115 in cash on January 14, 2026.

The distribution followed Micron Technology Inc.’s (NASDAQ:MU) strong earnings performance in the first quarter of fiscal year 2026, where it more-than-doubled its net income to $5.24 billion from $1.87 billion in the same period last year.

Revenues, on the other hand, climbed by 56 percent to $13.6 billion from $8.7 billion year-on-year, beating its earlier midpoint guidance of $12.5 billion. The cloud memory and mobile and client business units contributed the bulk of the revenues.

Following the results, Micron Technology Inc. (NASDAQ:MU) said that it is now targeting revenues in the second quarter to climb even higher, at $18.7 billion at the midpoint.

Diluted earnings per share are also pegged at $8.19 at the midpoint.

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Disclosure: None. This article is originally published at Insider Monkey.