Micron Crushes Q3 Estimates with Record Revenue, Projects Strong Q4 on Deepening AI Demand
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron Technology reported a significant beat for its fiscal Q3 2026, with revenue reaching $41.46 billion against a $35.59 billion consensus and adjusted EPS of $25.11 far exceeding the $20.63 estimate. The company also provided robust Q4 guidance, forecasting revenue of $50.0 billion and non-GAAP diluted EPS of $31.00. These record results, driven by high-volume shipments of HBM4 and other advanced memory products, confirm the deepening AI memory supercycle. This strong performance validates the positive market sentiment seen in recent months, including the company's HBM supply being sold out for 2026 and its recent surge past a $1 trillion market capitalization.
At the time of this announcement, MU was trading at $1,151.34 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $103.38 to $1,213.56. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.