Micron Technology delivered a blockbuster fiscal third quarter, reporting revenue of $41.46 billion-roughly $6 billion above Wall Street’s $35.5 billion to $35.8 billion forecast. That’s a 345% surge from the $9.3 billion recorded in the same period a year ago.
Adjusted earnings per share hit $25.11, beating analyst estimates of $20 to $21. Shares jumped 10% to 16% in after-hours trading.
DRAM sales accounted for $31.3 billion, or about 75% of total revenue, with gross margins around 81%. The company accelerated its HBM4 ramp, the high-bandwidth memory critical for AI workloads.
Looking ahead, Micron guided for fiscal Q4 2026 revenue of approximately $50 billion, well above the $43 billion to $44 billion consensus. That would mark a 20% sequential jump from the just-reported $41.5 billion, building on momentum from a $23.86 billion quarter in Q2.