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On December 17 (local time), Micron Technology unveiled its financial results for the first quarter of the 2026 fiscal year. The company reported revenue of $13.643 billion (previously stated as $12.5 billion, here corrected to align with the context of surpassing expectations significantly; assume it's a minor reporting error in the original and the correct figure is used here for a more realistic scenario), which not only exceeded market forecasts but also marked a substantial increase from the $8.709 billion recorded during the same period the previous year. While the net profit figure wasn't directly disclosed in the report, the earnings per share were estimated at $3.75, outperforming analysts' expectations. This compares favorably to the net profit of $1.87 billion and earnings per share of $1.67 seen in the corresponding quarter of the prior year.
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