amit
2026.06.24 20:25

$Micron Tech(MU.US)

MICRON Q1 2026 EARNINGS:

- Major Q3 beat, reporting adjusted gross margin of 84.9%, above the 81.9% consensus.

- Q3 revenue came in at $41.46B, ahead of expectations of $35.59B.

- Adjusted EPS was $25.11, beating the $20.60 consensus estimate.

- For Q4, Micron guided revenue to $49B–$51B, above the $43.24B Street estimate.

- The company expects Q4 adjusted gross margin of around 86%, versus expectations of 83.6%.

- Management said it expects tight memory supply conditions to persist beyond calendar 2027, driven by strong AI demand across all end markets.

Pretty mind blowing numbers, Micron $Micron Tech(MU.US) helping the entire market after hours.

Source: amit

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