Micron reports $41.5B in quarterly revenue, crushing Wall Street estimates by nearly $6B

Micron Technology reported fiscal Q3 2026 revenue of $41.46 billion, crushing Wall Street estimates by nearly $6 billion, driven by AI-fueled demand for memory chips. Adjusted EPS of $25.11 also beat expectations, and shares surged 10-16% after hours. The company guided Q4 revenue to approximately $50 billion, well above analyst forecasts.

Micron reports $41.5B in quarterly revenue, crushing Wall Street estimates by nearly $6B The memory chipmaker's AI-fueled earnings beat sent shares surging double digits after hours, with guidance pointing to even bigger numbers ahead. Micron Technology just posted a quarter that made Wall Street’s estimates look quaint. The memory chipmaker reported fiscal Q3 2026 revenue of $41.46 billion, blowing past consensus expectations of roughly $35.5 billion to $35.8 billion by nearly $6 billion. To put the growth in perspective: Micron pulled in $9.3 billion in the same quarter a year ago. That’s a roughly 345% year-over-year increase. Adjusted earnings per share came in at $25.11, comfortably ahead of analyst predictions in the $20 to $21 range. Shares responded accordingly, jumping 10% to 16% in after-hours trading. The AI memory machine keeps accelerating DRAM revenue alone hit $31.3 billion for the quarter, accounting for roughly 75% of total sales. Gross margins held at approximately 81%. The company also noted acceleration in its HBM4 ramp, the latest generation of high-bandwidth memory critical for training and running large AI models. Guidance that made the beat look like a warmup Micron’s guidance for fiscal Q4 2026 projects revenue of approximately $50 billion. Wall Street had been expecting something in the $43 billion to $44 billion range. That sequential jump from $41.5 billion to $50 billion would represent roughly 20% growth quarter over quarter. The previous quarter, fiscal Q2 2026, had come in at $23.86 billion, itself a 196% year-over-year increase. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .