Micron Q3'26 Revenue Estimate Jumps to $35.06B, EPS at $20.25 Amid Surging Demand
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron Technology's Q3'26 revenue is estimated at a robust $35.06 billion, with EPS projected at $20.25. This estimate implies a substantial sequential revenue growth of nearly 50% from the prior quarter's reported figures. The strong projections align with recent news indicating unprecedented demand for memory chips, particularly HBM, and Micron's sold-out supply for 2026. This high estimate sets a significant bar for market expectations ahead of the company's Q3'26 results announcement on June 24th.
At the time of this announcement, MU was trading at $1,053.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $103.38 to $1,110.40. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.