"NVIDIA just closed out a fiscal year that is almost hard to describe in normal terms. Full-year FY2026 revenue hit $215.94 billion, up 65% year over year, with net income of $120.07 billion."
"Micron's fiscal Q1 2026 revenue came in at $13.643 billion, up 57% year over year, with non-GAAP EPS of $4.78 against an estimate of $3.94."
"Q2 FY2026 guidance calls for $18.70 billion in revenue and non-GAAP EPS of $8.42 - nearly double the Q1 EPS in a single quarter."
Nvidia and Micron are pivotal to S&P earnings growth, with Nvidia reporting a 65% revenue increase to $215.94 billion and a net income of $120.07 billion. Micron's Q1 revenue reached $13.643 billion, up 57% year over year, with a significant EPS beat. Future guidance for Micron suggests a revenue jump to $18.70 billion in Q2 FY2026, indicating robust growth potential. Other tech giants like Google, Apple, Microsoft, and Meta show lackluster earnings growth, highlighting the concentrated nature of current tech earnings.
Read at 24/7 Wall St.
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