Micron Posts Record Quarter, Lifts Chip Stocks After Hours
Micron Technology reported record quarterly results for fiscal Q3 2026, beating Wall Street estimates. The stock rose 12.6% in after-hours trading.
NVDANVIDIA Corporation
AMDAdvanced Micro Devices, Inc.
INTCIntel Corporation
QCOMQUALCOMM Incorporated
MUMicron Technology, Inc.Key Numbers
Micron Technology (NASDAQ:MU) delivered its strongest quarterly results in history, with fiscal third-quarter 2026 revenue of $41.46 billion versus a consensus of $35.69 billion, a 16.2% beat. Earnings per share came in at $25.11, topping the $20.49 estimate by 22.6%. The stock surged 12.6% in extended trading to around $1,180.97, recovering from a regular-session close of $1,047.20.
Key Financial Results
| Metric | Actual | Estimate | Beat |
|---|---|---|---|
| Revenue | $41.46B | $35.69B | +16.2% |
| EPS | $25.11 | $20.49 | +22.6% |
Highlights from the Release
Micron attributed the strong results to robust demand for memory chips used in AI and data center applications. The company also noted improved pricing and higher shipment volumes.
Forward Guidance
Micron did not provide formal guidance for the fourth quarter in this release.
Stock Impact
Micron shares jumped 12.6% in after-hours trading following the announcement, reflecting investor enthusiasm. Other chip stocks, including NVIDIA (NVDA), AMD, Intel (INTC), and Qualcomm (QCOM), also edged higher in after-hours trade.
What This Means for Investors
Micron's record quarter underscores sustained high demand for memory chips, particularly driven by AI. However, investors should watch for future guidance and any signs of demand slowdown.
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