The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid continued strong demand for chips and rising memory prices, Micron reported record fiscal third-quarter results. According to reports, revenue reached approximately $41.5 billion, with non-GAAP gross margins of about 85% and adjusted EPS of $25.11, surpassing analyst estimates. The company also issued robust Q4 guidance, forecasting revenue of $50 billion and gross margins of 86%.
The exceptional performance is driven by extraordinary pricing strength in memory markets, leading to a more than doubling of adjusted EPS year-over-year. Micron stock (MU) closed at $1,132.33 on June 26, 2026, with a daily range of $1,121.36 to $1,198.71. This announcement comes amid a strong semiconductor sector, with peers also reporting rising demand for memory chips used in AI and data center applications.
Sign in to access this content
Sign InInvestors are watching Micron's ability to sustain earnings momentum, with support near $1,121.36 and resistance at $1,198.71. Market participants also await earnings from other semiconductor firms to confirm the trend, as well as any monetary policy developments affecting tech. The strong Q4 guidance remains a positive catalyst for the stock ahead.