Micron Technology (MU) Jumps 8.9% on Tech Optimism
Micron Technology Inc. (NASDAQ:MU) is one of the 10 Stocks Outperforming Wall Street with Outsized Gains.
Micron Technology jumped by 8.94 percent on Wednesday to finish at $367.85 apiece, mirroring the broader market optimism and the surge in technology stocks.
In other news, Micron Technology Inc. (NASDAQ:MU) on the same day announced the expiration of cash tender offers for six of its senior notes series due between 2031 and 2035. The tender offer ended at 5 PM on March 31, 2026.
“As of the Expiration Time, the aggregate principal amount of each series of notes set forth in the table below has been validly tendered in the Tender Offers. Micron expects to accept for payment all notes validly tendered and not withdrawn and expects to make payment for such notes on April 3, 2026,” Micron Technology Inc. (NASDAQ:MU) said.
Meanwhile, shareholders on record as of March 30, 2026, are set to receive $0.15 in cash dividends for every share held, payable on April 15.
The dividends followed the company’s stellar earnings performance in the second quarter of fiscal year 2026, with GAAP net income surging by 772 percent to $13.78 billion from $1.58 billion in the same period a year earlier. Revenues jumped by 196 percent to $23.86 billion from $8.05 billion year-on-year.
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