Micron (MU) Reports Record $41.5B Revenue and Guides $50B Next Quarter
Article excerpt
TradingKey - Micron Technology (NASDAQ: MU ) announced results for the third fiscal quarter of 2026 following market close on June 24, shattering all company milestones and generating the most significant quarterly outperformance in recent memory for a major-cap semiconductor firm. Revenue totaled $41.46 billion, topping consensus forecasts of $35.25 billion by $6.21 billion, up 346% year over year from $9.30 billion and up 74% sequentially from $23.86 billion. Non-GAAP earnings per share of $25.11 crushed the $20.28 estimate by 23.8%. Gross margin came in at 84.6%, up from 37.7% a year ago. Q4 guidance of $50 billion and 86% gross margin suggests another sequential step up of 21%. MU shares rose 15.98% to $1,213.69. RSI at 62.20 signals neutral-bullish with upside left and no bearish divergence. It’s hard to put Micron’s Q3 numbers in perspective without seeing the year-over-year comparison side-by-side. Revenue of $41.46 billion in a quarter versus $9.30 billion a year ago in that same quarter means that Micron added $32.16 billion to annual revenue over twelve months. That incremental revenue is bigger than what Micron generated in total for an entire year as late as 2022. Gross margin up from 37.7% to 84.6% over that same twelve-month span, 46.9 percentage points of margin expansion, is a major repricing of Micron’s entire business model, not just incremental operational...
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The company is also expanding the advanced HBM packaging center that it's built in Singapore, saying it could be in position to start generating significant revenue for the business in the first half of 2027.
