Micron Posts $41.5B Q3 Revenue, Guides $50B Q4 on AI Demand
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron delivered a massive Q3 beat with revenue of $41.46B, up from $9.30B a year ago, and non-GAAP EPS of $25.11. Gross margin hit 84.9%. Q4 guidance calls for ~$50B in revenue and ~$31 EPS at ~86% margin. The company secured $22B in customer commitments and raised its U.S. capex target to $250B+ through 2035, including a $3B wafer push. This follows a series of bullish signals — HBM sold out for 2026, supply constraints, and a recent $1T market cap milestone. The numbers confirm AI-driven memory demand is accelerating faster than expected. Jefferies named Micron a top AI-hardware pick, reinforcing the thesis. With margins approaching 86% and revenue doubling sequentially, the cycle has room to run. Watch for capacity expansion updates and any shift in hyperscaler capex plans.
At the time of this announcement, MU was trading at $938.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $103.38 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.