On June 24, Micron reported a significant beat on EPS, revenue, margins, and guidance. Following this, MU shares rallied after hours as AI memory demand showed no signs of slowing down.
Micron delivered a massive 346% revenue increase, driven by unprecedented pricing power and strategic multi-year supply agreements with key customers.
Read the full storyMicron's revenue soared 346% year-over-year, triggering a 'buy' upgrade as AI demand fuels record growth and margin expansion.
Micron reported fiscal Q3 results exceeding consensus estimates and raised its full-year capex guidance to $30 billion to meet rising AI infrastructure demand.
The semiconductor giant reported record earnings of $24.67 per share while keeping its quarterly payout steady at $0.15.
According to reports, Micron posted record Q3 revenue of nearly $41.5 billion, non-GAAP gross margins of about 85%, and adjusted EPS of $25.11, driven by exceptional memory market pricing.
Despite Micron's strong Q3 FY26 earnings with 346% revenue growth, tech and semiconductor ETFs declined as inflation concerns weighed on AI-driven optimism.
Micron Technology (MU) reported a record quarterly result, with revenue quadrupling to $41 billion and gross margin hitting 84.9%.
MU shares rallied after hours as the chipmaker delivered a significant beat on all key metrics and raised its forward guidance.