Micron Surges on AI-Driven Earnings Beat, Raises Guidance
Micron Technology reported Q3 2026 earnings that exceeded expectations, driven by strong demand for high-bandwidth memory (HBM) used in AI applications. Revenue hit $6.8B, up 45% YoY, and EPS came in at $2.45. The stock rose 8% after hours.
Key Numbers
Micron Technology (NASDAQ: MU) reported fiscal Q3 2026 results with revenue of $6.8 billion, up 45% year-over-year, beating analyst estimates. Net income was $1.8 billion, with EPS of $2.45. The stock rose 8% in after-hours trading.
Key Financial Results
| Metric | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $6.8B | $4.7B | +45% |
| Net Income | $1.8B | $0.9B | +100% |
| EPS | $2.45 | $1.30 | +88% |
Highlights from the Report
CEO Sanjay Mehrotra said: "AI demand for HBM3E memory is exceeding our expectations, and we are ramping production to meet growing demand." Data center revenue doubled year-over-year.
Guidance
Micron guided Q4 revenue between $7.0B and $7.4B, above the consensus estimate of $6.5B. Gross margin is expected between 55% and 57%.
Stock Impact
The stock jumped 8% after hours on the strong results and guidance. NVIDIA (NASDAQ: NVDA) also rose 2% on the positive sentiment.
What This Means for Investors
Micron's results confirm robust AI memory demand, supporting the company's growth outlook. However, investors should monitor global memory supply-demand dynamics.
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