Micron Reports Record Q3: $41.5B Revenue, $28.2B Net Income, Strong Q4 Outlook, 16 Long-Term Deals
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron reported record Q3 fiscal 2026 results, with $41.5 billion in revenue and $28.2 billion in net income, alongside robust Q4 guidance of $50 billion revenue and $30-32 adjusted EPS. This follows an 8-K filed yesterday announcing record results and reinforces the strong market sentiment that has driven the stock to 52-week highs. The company is seeing high demand for HBM4 shipments for AI platforms and has secured 16 long-term supply deals through 2030, providing significant revenue visibility. These deals are expected to cover 20% of DRAM and 33% of NAND volume, accounting for at least half of future revenue. The Q4 earnings call will offer more details on the execution of these strategic deals and the ramp-up of next-gen memory.
At the time of this announcement, MU was trading at $1,213.96 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: Wiseek News.