# Micron earnings preview: Here’s what Wall Street expects as all eyes turn to MU stock and the memory chip rally > Source: > Published: 2026-06-24 12:53:00+00:00 Micron Technology Inc will release its third-quarter earnings after the markets close on Wednesday. Despite fears of an [AI](https://www.fastcompany.com/section/artificial-intelligence) bubble, Wall Street predicts positive results. Micron could report $35.5 billion in revenue—a 281% jump year-over-year (YOY), according to a Bloomberg [analyst consensus](https://finance.yahoo.com/technology/article/micron-to-report-third-quarter-earnings-amid-sky-high-demand-from-data-centers-113000152.html) cited by Yahoo Finance. Its DRAM (memory) and NAND (storage) revenues are expected to grow 288% and 256% YOY, respectively. Micron is also predicted by Bloomberg’s analysts to have earnings per share of $20.39, about a 967% increase YOY. However, consensus estimates [cited by CNBC](https://www.cnbc.com/2026/06/22/micron-quadruples-year-to-date-wall-street-mostly-thinks-wednesdays-earnings-will-live-up-to-the-hype.html) expect EPS to range from $20.17 to $20.42. The earnings report will come just two days after Micron’s shares (Nasdaq: MU) reached a new all-time high of $1,213.56. The stock price is up over 722% YOY and $268 year-to-date (YTD). Shares of Micron [have occasionally dropped](https://www.fastcompany.com/91563622/tech-stocks-tank-on-wall-street-is-the-chip-bubble-finally-popping) alongside those of other chip manufacturers due to fears about over-investment in AI and the infrastructure that powers it. Just yesterday, shares dropped more than 13% in response to concerns about a [stock bubble in South Korea](https://www.fastcompany.com/91563622/tech-stocks-tank-on-wall-street-is-the-chip-bubble-finally-popping), following a large selloff and losses for both Samsung’s and SK Hynik’s shares. In premarket trading on Wednesday, Micron’s stock seemed to be on track to recover some of those losses, up 4% as of this writing. More broadly, chipmakers like Micron and Sandisk Corporation (Nasdaq: SNDK) have seen their stocks rise tremendously in response to the growing demand for—and shortage of—memory chips, a necessity for AI data centers. Monday’s share price spike came as [Micron and Anthropic announced an agreement](https://investors.micron.com/news-releases/news-release-details/micron-and-anthropic-announce-strategic-agreement-scale-next) for the chipmaker to invest in Anthropic, have an enterprise adoption of Claude across the company, and supply memory and storage to Anthropic—among other points. Boise, Idaho-based Micron is expected to release its third-quarter earnings after the closing bell on Wednesday, June 24, 2026.